FormFactor Management

Management criteria checks 2/4

FormFactor's CEO is Mike Slessor, appointed in Oct 2013, has a tenure of 10.58 years. total yearly compensation is $6.73M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.64% of the company’s shares, worth €26.65M. The average tenure of the management team and the board of directors is 3 years and 4.5 years respectively.

Key information

Mike Slessor

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	8.2%
CEO tenure	10.6yrs
CEO ownership	0.6%
Management average tenure	3yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Slessor's remuneration changed compared to FormFactor's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$103m
Dec 30 2023	US$7m	US$550k	US$82m
Sep 30 2023	n/a	n/a	-US$7m
Jul 01 2023	n/a	n/a	-US$7m
Apr 01 2023	n/a	n/a	US$22m
Dec 31 2022	US$5m	US$556k	US$51m
Sep 24 2022	n/a	n/a	US$90m
Jun 25 2022	n/a	n/a	US$107m
Mar 26 2022	n/a	n/a	US$94m
Dec 25 2021	US$5m	US$500k	US$84m
Sep 25 2021	n/a	n/a	US$77m
Jun 26 2021	n/a	n/a	US$80m
Mar 27 2021	n/a	n/a	US$82m
Dec 26 2020	US$5m	US$500k	US$79m
Sep 26 2020	n/a	n/a	US$78m
Jun 27 2020	n/a	n/a	US$63m
Mar 28 2020	n/a	n/a	US$50m
Dec 28 2019	US$4m	US$500k	US$39m
Sep 28 2019	n/a	n/a	US$106m
Jun 29 2019	n/a	n/a	US$105m
Mar 30 2019	n/a	n/a	US$107m
Dec 29 2018	US$4m	US$500k	US$104m
Sep 29 2018	n/a	n/a	US$25m
Jun 30 2018	n/a	n/a	US$29m
Mar 31 2018	n/a	n/a	US$38m
Dec 30 2017	US$3m	US$500k	US$41m

Compensation vs Market: Mike's total compensation ($USD6.73M) is above average for companies of similar size in the German market ($USD1.98M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.

CEO

Mike Slessor (53 yo)

10.6yrs

Tenure

US$6,727,849

Compensation

Dr. Michael D. Slessor, also known as Mike, has been the Chief Executive Officer at FormFactor Inc. since December 28, 2014 and serves as its President since October 24, 2013. He served as its President at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Slessor	CEO, President & Director	10.6yrs	US$6.73m	0.64% $ 26.7m
Shai Shahar	Chief Financial Officer	6.2yrs	US$2.73m	0.023% $ 945.0k
Sergio Loureiro	Senior Vice President of Global Operations	less than a year	no data	no data
Jarek Kister	CTO and Senior VP of Technology R&D	10.3yrs	no data	no data
Steven Nott	Chief Information Officer	3.6yrs	no data	no data
Stan Finkelstein	Head of Investor Relations	no data	no data	no data
Alan Chan	Senior VP & Chief Legal Officer	less than a year	no data	no data
Aliza Scott	Chief Human Resources Officer	2.3yrs	no data	no data
Matt Losey	Executive Vice President	8.3yrs	no data	no data
Aasutosh Dave	Chief Commercial Officer	less than a year	no data	no data
Sudhakar Raman	Senior VP & GM of Probes Business Unit	less than a year	no data	no data
Christy Robertson	Secretary	no data	no data	no data

3.0yrs

Average Tenure

51yo

Average Age

Experienced Management: FMF's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Slessor	CEO, President & Director	10.6yrs	US$6.73m	0.64% $ 26.7m
Edward Rogas	Director Emeritus	no data	US$57.06k	no data
Thomas Dennis	Independent Chairman & Lead independent Director	13.7yrs	US$301.89k	0.039% $ 1.6m
Michael Zellner	Director Emeritus	no data	US$213.48k	no data
Kevin Brewer	Independent Director	less than a year	no data	no data
Richard DeLateur	Director Emeritus	no data	US$198.27k	no data
Jorge Titinger	Independent Director	2.9yrs	US$266.89k	0.012% $ 491.8k
Brian White	Independent Director	1.7yrs	US$278.79k	0.010% $ 430.4k
Kelley Steven-Waiss	Independent Director	8.8yrs	US$279.39k	0.033% $ 1.4m
Sheri Rhodes	Independent Director	4.4yrs	US$270.39k	0.0011% $ 46.5k
Rebeca Obregon-Jimenez	Independent Director	4.7yrs	US$266.89k	0.0063% $ 259.8k

4.5yrs

Average Tenure

62yo

Average Age

Experienced Board: FMF's board of directors are considered experienced (4.5 years average tenure).

FormFactor Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently sold €692k worth of stock

FormFactor, Inc., Annual General Meeting, May 17, 2024

Chief Financial Officer recently sold €410k worth of stock

Chief Financial Officer recently sold €391k worth of stock

Independent Director recently sold €293k worth of stock

Chief Financial Officer recently sold €600k worth of stock

Recent updates

Independent Director recently sold €692k worth of stock

Investor sentiment improves as stock rises 23%

FormFactor, Inc. Provides Earnings Guidance for the Second Quarter Ending June 29, 2024

First quarter 2024 earnings released: EPS: US$0.28 (vs US$0.017 in 1Q 2023)

FormFactor, Inc. to Report Q1, 2024 Results on May 01, 2024

FormFactor, Inc., Annual General Meeting, May 17, 2024

Chief Financial Officer recently sold €410k worth of stock

Full year 2023 earnings released: EPS: US$1.07 (vs US$0.65 in FY 2022)

Chief Financial Officer recently sold €391k worth of stock

Full year 2023 earnings released: EPS: US$1.07 (vs US$0.65 in FY 2022)

FormFactor, Inc. Provides Earnings Guidance for the First Quarter Ending March 30, 2024

FormFactor, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Independent Director recently sold €293k worth of stock

Chief Financial Officer recently sold €600k worth of stock

Chief Financial Officer recently sold €831k worth of stock

Third quarter 2023 earnings released: EPS: US$0.056 (vs US$0.056 in 3Q 2022)

Camtek Ltd. (NasdaqGM:CAMT) completed the acquisition of FRT GmbH from FormFactor, Inc. (NasdaqGS:FORM).

FormFactor, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Camtek Ltd. (NasdaqGM:CAMT) signed an agreement to acquire FRT GmbH from FormFactor, Inc. (NasdaqGS:FORM) for $100 million.

Camtek Ltd. (NasdaqGM:CAMT) signed an agreement to acquire FRT GmbH from FormFactor, Inc. (NasdaqGS:FORM) for $100 million.

Second quarter 2023 earnings released: EPS: US$0.011 (vs US$0.39 in 2Q 2022)

FormFactor, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2023

FormFactor, Inc. to Report Q2, 2023 Results on Aug 02, 2023

FormFactor, Inc. Introduces High Throughput Panel Metrology and Inspection System for Advanced Packaging

First quarter 2023 earnings released: EPS: US$0.017 (vs US$0.38 in 1Q 2022)

FormFactor, Inc. Provides Earnings Guidance for the Second Quarter Ending July 1, 2023

Chief Financial Officer recently sold €132k worth of stock

CEO, President & Director recently sold €298k worth of stock

Full year 2022 earnings released: EPS: US$0.65 (vs US$1.08 in FY 2021)

FormFactor, Inc. Provides Earnings Guidance for the First Quarter Ending April 1, 2023

FormFactor, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$0.056 (vs US$0.26 in 3Q 2021)

FormFactor, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022

FormFactor, Inc. Introduces Rapid Cooling Probe System for Quantum Device Testing

FormFactor, Inc. to Report Q3, 2022 Results on Oct 26, 2022

FormFactor, Inc. Appoints Brian White to its Board of Directors

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$0.39 (vs US$0.23 in 2Q 2021)

FormFactor, Inc. Provides Earnings Guidance for the Third Quarter Ending September 24, 2022

FormFactor, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Investor sentiment improved over the past week

FormFactor, Inc. (NasdaqGS : FORM) acquired DR Product Line from JanisULT.

Keysight, FormFactor, DMPI and VDI Join Forces to Deliver a New 170 GHz / 220 GHz Broadband Vector Network Analysis Solution

FormFactor, Inc. (NasdaqGS:FORM) announces an Equity Buyback for $75 million worth of its shares.

First quarter 2022 earnings released: EPS: US$0.38 (vs US$0.25 in 1Q 2021)

Formfactor, Inc. Announces Resignation of Rogas

FormFactor, Inc. to Report Q1, 2022 Results on Apr 27, 2022

FormFactor, Inc. Introduces High-Power Semiconductor Wafer Probing System for Automotive, Renewable Energy, and Industrial Applications

Independent Chairman recently sold €219k worth of stock

Independent Chairman recently sold €219k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

FormFactor, Inc. Provides Earnings Guidance for the First Quarter Ending March 26, 2022

FormFactor Launches Cryogenic Test Service to Dramatically Reduce the Time and Cost for Superconducting Qubit Characterization

Independent Director recently sold €116k worth of stock

CEO & Director recently sold €965k worth of stock

Third quarter 2021 earnings released: EPS US$0.26 (vs US$0.30 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.27 in 2Q 2020)

FormFactor, Inc. and Northrop Grumman Corporation Introduces Automated Cryogenic Wafer Probe System to Enable Superconducting Compute Applications

Independent Director has left the company

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS US$0.25 (vs US$0.21 in 1Q 2020)

FormFactor, Inc. Provides Earnings Guidance for the Second Quarter Ending June 26, 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$1.02 (vs US$0.53 in FY 2019)

Revenue beats expectations

Independent Director recently sold €723k worth of stock

Full year 2020 earnings released: EPS US$1.02 (vs US$0.53 in FY 2019)

Revenue beats expectations