Everspin Technologies Management

Management criteria checks 2/4

Everspin Technologies' CEO is Sanjeev Aggarwal, appointed in Mar 2022, has a tenure of 2.08 years. total yearly compensation is $2.12M, comprised of 21.2% salary and 78.8% bonuses, including company stock and options. directly owns 0.67% of the company’s shares, worth €1.01M. The average tenure of the management team and the board of directors is 2.1 years and 2.1 years respectively.

Key information

Sanjeev Aggarwal

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	21.2%
CEO tenure	2.1yrs
CEO ownership	0.7%
Management average tenure	2.1yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sanjeev Aggarwal's remuneration changed compared to Everspin Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$2m	US$450k	US$9m
Sep 30 2023	n/a	n/a	US$8m
Jun 30 2023	n/a	n/a	US$7m
Mar 31 2023	n/a	n/a	US$5m
Dec 31 2022	US$2m	US$400k	US$6m
Sep 30 2022	n/a	n/a	US$9m
Jun 30 2022	n/a	n/a	US$8m
Mar 31 2022	n/a	n/a	US$7m
Dec 31 2021	US$812k	US$269k	US$4m
Sep 30 2021	n/a	n/a	-US$915k
Jun 30 2021	n/a	n/a	-US$6m
Mar 31 2021	n/a	n/a	-US$7m
Dec 31 2020	US$416k	US$251k	-US$9m

Compensation vs Market: Sanjeev's total compensation ($USD2.12M) is above average for companies of similar size in the German market ($USD704.96K).

Compensation vs Earnings: Sanjeev's compensation has been consistent with company performance over the past year.

CEO

Sanjeev Aggarwal (56 yo)

2.1yrs

Tenure

US$2,121,773

Compensation

Dr. Sanjeev Aggarwal, Ph D., serves as President & Chief Executive Officer of Everspin Technologies, Inc. since March 14, 2022 and serves as Director since March 2022 and served as its Director from March...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sanjeev Aggarwal	President	2.1yrs	US$2.12m	0.67% $ 1.0m
Anuj Aggarwal	Chief Financial Officer	3yrs	US$1.62m	0.26% $ 397.1k
David Schrenk	Vice President of Sales & Business Development	2.1yrs	US$669.41k	0.53% $ 797.3k
Amit Shah	Vice President of Operations	2.1yrs	no data	no data
Kerry Nagel	Vice President of Technology	2.1yrs	no data	no data
Aparna Oka	Corporate Controller	no data	no data	no data

2.1yrs

Average Tenure

47yo

Average Age

Experienced Management: E5N's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sanjeev Aggarwal	President	2.1yrs	US$2.12m	0.67% $ 1.0m
Lawrence Finch	Independent Director	15.8yrs	US$179.99k	1.91% $ 2.9m
Douglas Mitchell	Independent Director	less than a year	no data	no data
Geoffrey Ribar	Independent Director	5.3yrs	US$195.00k	0.36% $ 539.3k
Tara Long	Independent Director	2.1yrs	US$62.50k	0% $ 0
Darin Billerbeck	Chairman of the Board	5.7yrs	US$241.67k	0.39% $ 586.5k
Glen Hawk	Independent Director	2.1yrs	US$65.00k	0% $ 0

2.1yrs

Average Tenure

63yo

Average Age

Experienced Board: E5N's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Everspin Technologies Management

Management criteria checks 2/4

Key information

Recent management updates

Everspin Technologies, Inc., Annual General Meeting, May 23, 2024

President recently sold €127k worth of stock

Everspin Technologies, Inc. Announces the Appointment of Douglas Mitchell to Its Board of Directors

Chief Financial Officer recently sold €151k worth of stock

President recently sold €96k worth of stock

Chairman of the Board recently sold €81k worth of stock

Recent updates

Everspin Technologies, Inc. to Report Q1, 2024 Results on May 01, 2024

Everspin Technologies, Inc., Annual General Meeting, May 23, 2024

Everspin Technologies Unveils Persyst, Simplifying Persistent Memory Solutions

President recently sold €127k worth of stock

Everspin Technologies, Inc. Announces the Appointment of Douglas Mitchell to Its Board of Directors

Chief Financial Officer recently sold €151k worth of stock

New minor risk - Earnings quality

Everspin Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings released: EPS: US$0.44 (vs US$0.30 in FY 2022)

Everspin Technologies, Inc. to Report Q4, 2023 Results on Feb 28, 2024

President recently sold €96k worth of stock

Chairman of the Board recently sold €81k worth of stock

Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.094 in 3Q 2022)

Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter 2023

Now 21% undervalued

Everspin Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Everspin Announces Expansion of Industrial STT-MRAM Devices

President recently sold €73k worth of stock

Now 20% undervalued

Chief Financial Officer recently sold €82k worth of stock

Now 20% undervalued

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.083 in 2Q 2022)

Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Everspin Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

President recently sold €66k worth of stock

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings released: EPS: US$0.037 (vs US$0.097 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Everspin Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2023

Chairman of the Board recently sold €63k worth of stock

Full year 2022 earnings released: EPS: US$0.30 (vs US$0.22 in FY 2021)

Everspin Technologies, Inc. to Report Q4, 2022 Results on Mar 01, 2023

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$0.094 (vs US$0.045 in 3Q 2021)

Everspin Technologies, Inc. Announces Transition of Darrin Billerbeck from Executive Chairman of the Board Back to Chairman of the Board

Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Everspin Technologies, Inc Announces Commercial Availability of Its EMxxLX STT-MRAM Devices

Everspin Technologies, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Investor sentiment deteriorated over the past week

Insider recently sold €160k worth of stock

Second quarter 2022 earnings released: EPS: US$0.083 (vs US$0.013 in 2Q 2021)

Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2022

Investor sentiment improved over the past week

Everspin Technologies, Inc. Announces New STT-MRAM EM128LX xSPI Memory

Everspin Technologies, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.097 (vs US$0.024 loss in 1Q 2021)

Everspin Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2022

Everspin Technologies, Inc. Announces EMxxLX xSPI Family of Products

Less than half of directors are independent

Everspin Technologies, Inc. Announces Executive Changes

Everspin Technologies, Inc., Annual General Meeting, May 25, 2022

Vice President of Sales & Marketing recently sold €77k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Everspin Provides Earnings Guidance for the First Quarter 2022

Everspin Technologies, Inc. to Report Q4, 2021 Results on Mar 02, 2022

Insufficient new directors

Key Executive recently sold €181k worth of stock

Independent Director recently sold €161k worth of stock

Third quarter 2021 earnings released: EPS US$0.045 (vs US$0.21 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.013 (vs US$0.069 loss in 2Q 2020)

Forecast to breakeven in 2022

Everspin Technologies, Inc. Announces MRAM Solution Designed into Lucid Air Luxury Electric Vehicles

Independent Director has left the company

Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: US$0.024 loss per share (vs US$0.096 loss in 1Q 2020)