Duluth Holdings Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Sam Sato

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage	25.0%
CEO tenure	3yrs
CEO ownership	2.7%
Management average tenure	3.6yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sam Sato's remuneration changed compared to Duluth Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 28 2024	US$3m	US$832k	-US$9m
Oct 29 2023	n/a	n/a	-US$9m
Jul 30 2023	n/a	n/a	-US$5m
Apr 30 2023	n/a	n/a	-US$271k
Jan 29 2023	US$3m	US$832k	US$2m
Oct 30 2022	n/a	n/a	US$12m
Jul 31 2022	n/a	n/a	US$21m
May 01 2022	n/a	n/a	US$28m
Jan 30 2022	US$4m	US$800k	US$30m

Compensation vs Market: Sam's total compensation ($USD3.33M) is above average for companies of similar size in the German market ($USD396.12K).

Compensation vs Earnings: Sam's compensation has increased whilst the company is unprofitable.

CEO

Sam Sato (59 yo)

3yrs

Tenure

US$3,328,002

Compensation

Mr. Samuel M. Sato, also known as Sam, serves as President and Chief Executive Officer at Duluth Holdings Inc. since May 3, 2021 and has been its Director since May 27, 2021. Mr. Sato had been Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Samuel Sato	President	3yrs	US$3.33m	2.75% $ 3.6m
Albert Sutera	Senior VP and Chief Technology & Logistics Officer	1.8yrs	US$931.61k	0.46% $ 604.6k
David Homolka	Senior Vice President of Talent	4.3yrs	US$907.67k	0.52% $ 690.9k
Stephen Schlecht	Founder	38.3yrs	US$1.02m	30.95% $ 40.8m
Heena Agrawal	Senior VP & CFO	less than a year	no data	0.22% $ 295.9k
Michael Murphy	VP of Treasury & Chief Accounting Officer	4.7yrs	no data	0.21% $ 272.9k
Neala Shepherd	Senior Vice President of Brand & Marketing	less than a year	no data	0.36% $ 469.6k
Richard Schlecht	Senior Vice President of Product	4.3yrs	US$470.43k	0.70% $ 921.4k

3.6yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 6DU's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Samuel Sato	President	3yrs	US$3.33m	2.75% $ 3.6m
Stephen Schlecht	Founder	38.3yrs	US$1.02m	30.95% $ 40.8m
Susan Riley	Independent Director	1.9yrs	US$146.84k	0.064% $ 84.4k
Scott Williams	Independent Director	5.9yrs	US$144.00k	0.13% $ 171.9k
Ronald Robinson	Independent Director	less than a year	US$114.17k	0.042% $ 55.3k
David Finch	Independent Director	8.7yrs	US$148.89k	0.41% $ 543.8k
Brett Paschke	Independent Director	3yrs	US$140.00k	0.10% $ 133.3k
Francesca Edwardson	Independent Director	8.7yrs	US$152.00k	0.24% $ 310.9k
Janet Kennedy	Independent Director	less than a year	US$82.46k	0.023% $ 30.8k

3.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 6DU's board of directors are considered experienced (3 years average tenure).

Duluth Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Duluth Holdings Inc., Annual General Meeting, May 23, 2024

Duluth Holdings Inc. Appoints Heena Agrawal as Senior Vice President, Effective February 12, 2024

Duluth Holdings Inc. Announces Appointment of Heena Agrawal as Chief Financial Officer, Effective February 12, 2024

Duluth Holdings Inc. Announces Chief Financial Officer Changes, Effective from September 15, 2023

High number of new directors

Duluth Holdings Inc. Announces Appointment of Janet Kennedy to Its Board of Directors

Recent updates

Duluth Holdings Inc., Annual General Meeting, May 23, 2024

Full year 2024 earnings released: US$0.28 loss per share (vs US$0.07 profit in FY 2023)

Duluth Holdings Inc. Provides Earning Guidance for Fiscal 2024

Now 21% overvalued

Duluth Holdings Inc. to Report Q4, 2024 Results on Mar 07, 2024

Now 21% overvalued

Duluth Holdings Inc. Appoints Heena Agrawal as Senior Vice President, Effective February 12, 2024

Duluth Holdings Inc. Announces Appointment of Heena Agrawal as Chief Financial Officer, Effective February 12, 2024

Third quarter 2024 earnings released: US$0.32 loss per share (vs US$0.19 loss in 3Q 2023)

Duluth Holdings Inc. Provides Earnings Guidance for the Year 2023

Duluth Holdings Inc. to Report Q3, 2024 Results on Nov 30, 2023

New minor risk - Share price stability

Duluth Holdings Inc. Announces Chief Financial Officer Changes, Effective from September 15, 2023

Second quarter 2024 earnings released: US$0.061 loss per share (vs US$0.072 profit in 2Q 2023)

High number of new directors

Duluth Holdings Inc. to Report Q2, 2024 Results on Aug 31, 2023

Duluth Holdings Inc. Announces Appointment of Janet Kennedy to Its Board of Directors

Duluth Holdings Inc. Reaffirms Earnings Guidance for the Fiscal Year of 2023

First quarter 2024 earnings released: US$0.12 loss per share (vs US$0.04 loss in 1Q 2023)

Duluth Holdings Inc. Announces Election of Ronald Robinson to its Board of Directors

Duluth Holdings Inc. to Report Q1, 2024 Results on Jun 01, 2023

Full year 2023 earnings released: EPS: US$0.07 (vs US$0.91 in FY 2022)

Investor sentiment deteriorated over the past week

Third quarter 2023 earnings released: US$0.19 loss per share (vs US$0.086 profit in 3Q 2022)

Duluth Holdings Inc. Provides Earnings Guidance for the Fiscal Year 2022

Duluth Holdings Inc. to Report Q3, 2023 Results on Dec 01, 2022

Independent Director recently bought €50k worth of stock

Second quarter 2023 earnings released: EPS: US$0.072 (vs US$0.28 in 2Q 2022)

Duluth Holdings Inc. Updates Earnings Guidance for the Fiscal Year 2022

Duluth Holdings Inc. to Report Q2, 2023 Results on Sep 01, 2022

Duluth Holdings Inc. Appoints AJ Sutera to Senior Vice President, Chief Technology Officer & Logistics

Duluth Holdings Inc. Appoints Susan Riley to Its Board of Directors, Effective June 27, 2022

First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.017 profit in 1Q 2022)

Duluth Holdings Inc. Reaffirms Earnings Guidance for the Fiscal Year 2022

Investor sentiment improved over the past week

Duluth Holdings Inc. to Report Q1, 2023 Results on Jun 02, 2022

Duluth Holdings Inc., Annual General Meeting, May 26, 2022

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Duluth Holdings Inc. to Report Q4, 2022 Results on Mar 10, 2022

Duluth Holdings Inc. Re-Affirms Earnings Guidance for Fiscal 2021

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Duluth Holdings Inc. Updates Earnings Guidance for the Fiscal Year Ending January 30, 2022

Second quarter 2022 earnings released: EPS US$0.28 (vs US$0.18 in 2Q 2021)

Duluth Holdings Inc. Provides Earnings Guidance for the Fiscal Year Ended January 30, 2022

Investor sentiment improved over the past week

Founder & Non-Executive Chairman recently sold €122k worth of stock

Duluth Holdings Inc.(NasdaqGS:DLTH) dropped from Russell Microcap Value Index

First quarter 2022 earnings released: EPS US$0.017 (vs US$0.47 loss in 1Q 2021)

Duluth Holdings Inc. Provides Earnings Guidance for the Year 2021

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS US$0.42 (vs US$0.59 in FY 2020)

Duluth Holdings Inc. Announces Sales Guidance for the Year 2021

Duluth Holdings Inc. to Report Q4, 2021 Results on Mar 18, 2021

New 90-day low: €9.70

Third quarter 2021 earnings released: EPS US$0.029

Revenue misses expectations

Market pulls back on stock over the past week

Duluth Holdings Inc. to Report Q3, 2021 Results on Dec 03, 2020

Market pulls back on stock over the past week

Market bids up stock over the past week

New 90-day high: €11.30

New 90-day high - €10.40

First half earnings released

Duluth Holdings Inc. to Report Q2, 2021 Results on Sep 03, 2020

Duluth Holdings Inc.(NasdaqGS:DLTH) dropped from Russell 2000 Defensive Index

Duluth Holdings Inc.(NasdaqGS:DLTH) dropped from Russell 3000 Growth Index

CEO Compensation Analysis

CEO