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Benefitfocus Management

Management criteria checks 1/4

Key information

Matt Levin

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage	4.2%
CEO tenure	1.7yrs
CEO ownership	1.0%
Management average tenure	2.4yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Matt Levin's remuneration changed compared to Benefitfocus's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	-US$25m
Jun 30 2022	n/a	n/a	-US$36m
Mar 31 2022	n/a	n/a	-US$39m
Dec 31 2021	US$8m	US$349k	-US$39m

Compensation vs Market: Matt's total compensation ($USD8.32M) is above average for companies of similar size in the German market ($USD928.16K).

Compensation vs Earnings: Insufficient data to compare Matt's compensation with company performance.

CEO

Matt Levin (49 yo)

1.7yrs

Tenure

US$8,322,919

Compensation

Mr. Matthew C. Levin, also known as Matt, serves as President, Chief Executive Officer and Director of Benefitfocus, Inc. since May 10, 2021. Mr. Levin had been Chief Strategy Officer at Automatic Data Pro...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Levin	President	1.7yrs	US$8.32m	0.99% $ 3.3m
Alpana Wegner	CFO & Treasurer	2.4yrs	US$2.54m	0.56% $ 1.9m
Ed Rumzis	Chief Technology Officer	less than a year	no data	no data
Michael Bauer	Investor Relations	8yrs	no data	no data
Joel Collins	General Counsel & Chief Legal Officer	no data	no data	no data
Lou Gilmore	Vice President of Corporate Development	3.6yrs	US$430.37k	no data
Peter Allen	Senior Vice President of Sales & Marketing	2.8yrs	no data	no data
Ana Perez	Chief Marketing Officer	1.4yrs	no data	no data
Robin Kirby	Chief Human Resources Officer	2.3yrs	no data	no data
Steve Malme	Senior Vice President of Platform Strategy & Experience	2.8yrs	no data	no data
Scott Gibson	Senior Vice President of Human Resources	2.8yrs	no data	no data
Ravi Metta	Executive Vice President of Product & Engineering	2.3yrs	no data	no data

2.4yrs

Average Tenure

55yo

Average Age

Experienced Management: BTF's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Levin	President	1.7yrs	US$8.32m	0.99% $ 3.3m
Coretha Rushing	Independent Director	1.8yrs	US$344.18k	0.031% $ 104.1k
A. Napier	Independent Director	8.3yrs	US$97.32k	0.11% $ 361.3k
Douglas Dennerline	Independent Chairman	8.4yrs	US$215.02k	0.14% $ 479.6k
John Park	Independent Director	1.5yrs	US$184.44k	0.015% $ 49.4k
James Wilson	Independent Director	1.3yrs	US$205.48k	0.018% $ 58.6k
Alexander Lerner	Independent Director	less than a year	no data	no data
Zeynep Young	Independent Director	2yrs	no data	no data

1.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: BTF's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

This company listing is no longer active

Benefitfocus Management

Management criteria checks 1/4

Key information

Recent management updates

Benefitfocus, Inc. Names Ed Rumzis as Chief Technology Officer, Effective from August 8, 2022

Benefitfocus, Inc., Annual General Meeting, Jun 09, 2022

High number of new and inexperienced directors

Benefitfocus, Inc. Appoints Kristin Adams as Chief People Officer

Benefitfocus, Inc. Announces Board Changes

Benefitfocus, Inc. Names Coretha M. Rushing to Board of Directors

Recent updates

Voya Financial, Inc. (NYSE:VOYA) completed the acquisition of Benefitfocus, Inc. (NasdaqGM:BNFT) from a group of shareholders.

Benefitfocus, Inc. Suspends Financial Guidance for the Fourth Quarter and Full Year of 2022

Voya Financial, Inc. (NYSE:VOYA) entered into a definitive agreement to acquire Benefitfocus, Inc. (NasdaqGM:BNFT) from Indaba Capital Management, L.P., BuildGroup LLC and others for approximately $360 million.

Benefitfocus, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Benefitfocus, Inc. Announces to Deliver Enhanced Open Enrollment Experience to Benefits Leaders

Now 21% undervalued after recent price drop

Now 25% undervalued after recent price drop

Second quarter 2022 earnings released: US$0.40 loss per share (vs US$0.50 loss in 2Q 2021)

Benefitfocus, Inc. Provides Earnings Outlook for the Third Quarter and Full Year 2022

Benefitfocus, Inc. Names Ed Rumzis as Chief Technology Officer, Effective from August 8, 2022

Benefitfocus, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Benefitfocus, Inc. Provides Earnings Outlook for the Fourth Quarter of 2022 and Full Year 2023

Benefitfocus, Inc., Annual General Meeting, Jun 09, 2022

Now 23% undervalued

Benefitfocus, Inc. Provides Earnings Outlook for the Second Quarter and Full Year 2022

First quarter 2022 earnings released: US$0.12 loss per share (vs US$0.11 loss in 1Q 2021)

High number of new and inexperienced directors

Benefitfocus, Inc. Appoints Kristin Adams as Chief People Officer

Benefitfocus, Inc. to Report Q1, 2022 Results on May 03, 2022

Benefitfocus, Inc. Announces Board Changes

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

Benefitfocus, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2022

Benefitfocus, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Third quarter 2021 earnings released: US$0.59 loss per share (vs US$0.19 loss in 3Q 2020)

Director Stephen Swad has left the company

Benefitfocus, Inc. Adds American Public Life's Full Suite of Voluntary Insurance Offerings to Benefit Catalog

Benefitfocus, Inc. Provides Strategies for Employee Wellbeing to HR and Benefits Leaders

Second quarter 2021 earnings released: US$0.50 loss per share (vs US$0.38 loss in 2Q 2020)

Co-Founder Mason Holland has left the company

Benefitfocus Adds the Standard's Suite of Voluntary Benefits to Benefit Catalog

Benefitfocus Delivers Enhancements to Shopping and Quoting Functions for Health Plans

First quarter 2021 earnings released: US$0.11 loss per share (vs US$0.34 loss in 1Q 2020)

Benefitfocus, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2021

Independent Director has left the company

Benefitfocus, Inc. Names Coretha M. Rushing to Board of Directors

Revenue beats expectations

Full year 2020 earnings released: US$0.86 loss per share (vs US$1.40 loss in FY 2019)

Benefitfocus, Inc. to Report Q4, 2020 Results on Mar 08, 2021

New 90-day high: €12.90

Benefitfocus, Inc. Announces Board Changes, Effective from March 23, 2021

Benefitfocus, Inc. Announces Board Changes

Director has left the company

Benefitfocus Announces Executive Changes

New 90-day high: €12.30

Benefitfocus, Inc. Expands Its Partnership with Transamerica to Provide Seamless Retirement Plan Enrollment

New 90-day high: €10.20

Benefitfocus, Inc. Launches Third Phase of Benefitfocus

Third quarter 2020 earnings released: US$0.19 loss per share

Revenue beats expectations

Benefitfocus, Inc. Announces Phase Two of Benefitfocus Open Enrollment Success in the Era of Covid Focuses on Communications

Benefitfocus, Inc. Announces Appointment of John Thomas as Chief Data Officer

Benefitfocus, Inc. to Report Q3, 2020 Results on Nov 05, 2020

Benefitfocus, Inc. Announces Software Updates to its Platform

Benefitfocus, Inc. Announces Executive Changes

Benefitfocus Appoints Ravi Metta as Executive Vice President, Product and Engineering

New 90-day low - €8.40

Benefitfocus, Inc. Announces Executive Changes

First half earnings released

Benefitfocus, Inc. to Report Q2, 2020 Results on Aug 05, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure