Conn's Management

Management criteria checks 2/4

Conn's' CEO is Norm Miller, appointed in Oct 2022, has a tenure of 1.5 years. total yearly compensation is $5.45M, comprised of 46.8% salary and 53.2% bonuses, including company stock and options. directly owns 2.06% of the company’s shares, worth €1.78M. The average tenure of the management team and the board of directors is 3.8 years and 8.6 years respectively.

Key information

Norm Miller

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	46.8%
CEO tenure	1.5yrs
CEO ownership	2.1%
Management average tenure	3.8yrs
Board average tenure	8.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Norm Miller's remuneration changed compared to Conn's's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	US$5m	US$3m	-US$77m
Oct 31 2023	n/a	n/a	-US$163m
Jul 31 2023	n/a	n/a	-US$137m
Apr 30 2023	n/a	n/a	-US$101m
Jan 31 2023	US$4m	US$1m	-US$59m
Oct 31 2022	n/a	n/a	-US$9m
Jul 31 2022	n/a	n/a	US$34m
Apr 30 2022	n/a	n/a	US$69m
Jan 31 2022	US$6m	US$1m	US$108m
Oct 31 2021	n/a	n/a	US$126m
Jul 31 2021	n/a	n/a	US$115m
Apr 30 2021	n/a	n/a	US$98m
Jan 31 2021	US$3m	US$942k	-US$3m
Oct 31 2020	n/a	n/a	-US$23m
Jul 31 2020	n/a	n/a	-US$19m
Apr 30 2020	n/a	n/a	-US$20m
Jan 31 2020	US$1m	US$1m	US$56m
Oct 31 2019	n/a	n/a	US$80m
Jul 31 2019	n/a	n/a	US$84m
Apr 30 2019	n/a	n/a	US$81m
Jan 31 2019	US$14m	US$988k	US$74m
Oct 31 2018	n/a	n/a	US$48m
Jul 31 2018	n/a	n/a	US$35m
Apr 30 2018	n/a	n/a	US$22m
Jan 31 2018	US$10m	US$892k	US$6m

Compensation vs Market: Norm's total compensation ($USD5.45M) is above average for companies of similar size in the German market ($USD401.52K).

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

CEO

Norm Miller (62 yo)

1.5yrs

Tenure

US$5,448,826

Compensation

Mr. Norman L. Miller, also known as Norm, served as Interim President and Chief Executive Officer at Conn's, Inc. since October 18, 2022 until December 18, 2023 and serves as its President and Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Norman Miller	President	1.5yrs	US$5.45m	2.06% $ 1.8m
Timothy Santo	Executive VP & CFO	less than a year	US$631.56k	0.15% $ 132.4k
Mark Prior	Senior VP	7.8yrs	US$1.13m	0.28% $ 244.3k
Rodney Lastinger	President of Retail	4.8yrs	US$1.60m	0.27% $ 234.1k
Thomas Fenton	Senior VP & Chief Credit Officer	3.8yrs	US$1.28m	0.21% $ 183.5k
Melissa Allen	VP & Treasurer	no data	no data	no data

3.8yrs

Average Tenure

51yo

Average Age

Experienced Management: CN4's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Norman Miller	President	8.6yrs	US$5.45m	2.06% $ 1.8m
Bobby Martin	Lead Independent Director	20.6yrs	US$225.89k	0.54% $ 467.6k
William Schofman	Independent Director	11.9yrs	US$205.89k	0.24% $ 204.4k
James Haworth	Independent Director	8.1yrs	US$190.89k	0.18% $ 151.7k
Douglas Martin	Director	21.2yrs	US$190.89k	0.53% $ 460.3k
Oded Shein	Independent Director	8.1yrs	US$210.89k	0.18% $ 159.2k
William Saunders	Independent Director	9.7yrs	US$205.89k	0.29% $ 248.7k
Ann Gugino	Independent Director	less than a year	US$208.18k	0.12% $ 100.0k
Karen Hartje	Independent Director	1.1yrs	US$190.89k	0.11% $ 97.7k

8.6yrs

Average Tenure

61yo

Average Age

Experienced Board: CN4's board of directors are considered experienced (8.6 years average tenure).

Conn's Management

Management criteria checks 2/4

Key information

Recent management updates

Conn's, Inc., Annual General Meeting, May 30, 2024

Conn's, Inc. Appoints Norman L. Miller as President

Conn's, Inc. Announces Executive Changes, Effective November 17, 2023

Conn's, Inc. Announces Executive Changes

Insufficient new directors

Conn's, Inc. Announces Executive Changes

Recent updates

Conn's, Inc., Annual General Meeting, May 30, 2024

Conn's, Inc. announced delayed annual 10-K filing

Full year 2024 earnings released: US$3.17 loss per share (vs US$2.46 loss in FY 2023)

Conn's, Inc. to Report Q4, 2024 Results on Apr 11, 2024

Conn's, Inc. Appoints Norman L. Miller as President

Conn's, Inc. (NasdaqGS:CONN) acquired W.S. Badcock Corporation from Franchise Group Newco BHF, LLC.

Conn's, Inc. announced delayed 10-Q filing

Conn's, Inc. Announces Executive Changes, Effective November 17, 2023

Second quarter 2024 earnings released: US$1.39 loss per share (vs US$0.089 profit in 2Q 2023)

Conn's, Inc. to Report Q2, 2024 Results on Aug 30, 2023

New minor risk - Market cap size

New minor risk - Shareholder dilution

Conn's, Inc. Announces Executive Changes

First quarter 2024 earnings released: US$1.47 loss per share (vs US$0.25 profit in 1Q 2023)

Conn's, Inc. to Report Q1, 2024 Results on Jun 01, 2023

Insufficient new directors

Full year 2023 earnings released: US$2.46 loss per share (vs US$3.70 profit in FY 2022)

Franchise Group Reportedly Could Go Private or May Bid to Buy Conn's

Third quarter 2023 earnings released: US$1.04 loss per share (vs US$0.62 profit in 3Q 2022)

Conn's, Inc. to Report Q3, 2023 Results on Dec 06, 2022

Conn's, Inc. Announces Executive Changes

Insufficient new directors

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Insufficient new directors

Conn's, Inc. Provides Earnings Guidance for Third Quarter 2023

Conn's Homeplus Announces New Layaway Offering

Investor sentiment deteriorated over the past week

Second quarter 2023 earnings released: EPS: US$0.089 (vs US$1.26 in 2Q 2022)

Conn's, Inc. to Report Q2, 2023 Results on Aug 30, 2022

Investor sentiment deteriorated over the past week

Insider recently sold €139k worth of stock

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Investor sentiment deteriorated over the past week

First quarter 2023 earnings released: EPS: US$0.25 (vs US$1.55 in 1Q 2022)

Conn's, Inc. to Report Q1, 2023 Results on Jun 01, 2022

Investor sentiment deteriorated over the past week

Conn's, Inc., Annual General Meeting, May 25, 2022

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: US$3.70 (vs US$0.11 loss in FY 2021)

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Conn's, Inc. (NasdaqGS:CONN) announces an Equity Buyback for $150 million worth of its shares.

Investor sentiment deteriorated over the past week

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

Executive Chairman recently sold €318k worth of stock

Second quarter 2022 earnings released: EPS US$1.26 (vs US$0.71 in 2Q 2021)

Investor sentiment deteriorated over the past week

Insider recently sold €104k worth of stock

Insider recently sold €1.6m worth of stock

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS US$1.55 (vs US$1.95 loss in 1Q 2021)

Insider recently sold €354k worth of stock

Full year 2021 earnings released: US$0.11 loss per share (vs US$1.85 profit in FY 2020)

New 90-day high: €13.70

Conn's, Inc. Announces Executive Changes

New 90-day high: €11.70

VP & Chief Human Resources Officer recently sold €124k worth of stock

Third quarter 2021 earnings released: EPS US$0.26

Revenue misses expectations

New 90-day high: €11.50

Conn's, Inc. to Report Q3, 2021 Results on Dec 08, 2020

New 90-day low: €7.85

First half earnings released

Conn's, Inc. to Report Q2, 2021 Results on Sep 03, 2020

New 90-day high - €10.40

Conn's, Inc.(NasdaqGS:CONN) dropped from S&P Retail Select Industry Index

CEO Compensation Analysis