Ebix Management

Management criteria checks 3/4

Ebix's CEO is Robin Raina, appointed in Aug 1999, has a tenure of 24.42 years. total yearly compensation is $3.61M, comprised of 33.2% salary and 66.8% bonuses, including company stock and options. directly owns 13.24% of the company’s shares, worth €6.50M. The average tenure of the management team and the board of directors is 12 years and 18.1 years respectively.

Key information

Robin Raina

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage	33.2%
CEO tenure	24.4yrs
CEO ownership	13.2%
Management average tenure	12yrs
Board average tenure	18.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robin Raina's remuneration changed compared to Ebix's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$5m
Jun 30 2023	n/a	n/a	US$33m
Mar 31 2023	n/a	n/a	US$53m
Dec 31 2022	US$4m	US$1m	US$65m
Sep 30 2022	n/a	n/a	US$72m
Jun 30 2022	n/a	n/a	US$69m
Mar 31 2022	n/a	n/a	US$66m
Dec 31 2021	US$4m	n/a	US$68m
Sep 30 2021	n/a	n/a	US$72m
Jun 30 2021	n/a	n/a	US$81m
Mar 31 2021	n/a	n/a	US$89m
Dec 31 2020	US$8m	n/a	US$92m
Sep 30 2020	n/a	n/a	US$95m
Jun 30 2020	n/a	n/a	US$90m
Mar 31 2020	n/a	n/a	US$96m
Dec 31 2019	US$6m	n/a	US$97m
Sep 30 2019	n/a	n/a	US$84m
Jun 30 2019	n/a	n/a	US$92m
Mar 31 2019	n/a	n/a	US$93m
Dec 31 2018	US$4m	US$2m	US$93m
Sep 30 2018	n/a	n/a	US$111m
Jun 30 2018	n/a	n/a	US$106m
Mar 31 2018	n/a	n/a	US$100m
Dec 31 2017	US$6m	US$2m	US$101m

Compensation vs Market: Robin's total compensation ($USD3.61M) is above average for companies of similar size in the German market ($USD409.46K).

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

CEO

Robin Raina (57 yo)

24.4yrs

Tenure

US$3,611,452

Compensation

Mr. Robin Raina is Non-Executive Chairman of EbixCash Limited (formerly Ebix Software India Private Limited) and has been its Non-Executive Director from March 24, 2002. Mr. Raina serves as the Chief Execu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robin Raina	Chairman	24.4yrs	US$3.61m	13.24% $ 6.5m
John Graham Prior	Corporate Executive Vice President of International Business & Intellectual Property	no data	US$147.96k	no data
Leon d'Apice	Corporate EVP of International Business & MD of Ebix Australia Group	12yrs	US$230.45k	0.29% $ 143.0k
James Senge	Senior Vice President of EbixHealth	12yrs	US$228.38k	0.040% $ 19.4k
Amit Garg	Chief Financial Officer	less than a year	no data	no data
Chris Eddy	Investor Relations Contact	no data	no data	no data
Charles Harrell	Compliance Officer	no data	no data	no data
Darren Joseph	Corporate Vice President of Finance & Human Resources	no data	no data	no data
Tony Wisniewski	Managing Director of Ebix New Zealand	no data	no data	no data
Ash Sawhney	President of Insurance Solutions - North America	9yrs	US$304.15k	no data

12.0yrs

Average Tenure

65yo

Average Age

Experienced Management: EWZ's management team is seasoned and experienced (12 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robin Raina	Chairman	23.9yrs	US$3.61m	13.24% $ 6.5m
Neil Eckert	Independent Director	19yrs	US$33.00k	0.32% $ 155.7k
George Hebard	Independent Director	8.8yrs	US$25.00k	0.13% $ 65.2k
Pavan Bhalla	Independent Director	19.6yrs	US$65.00k	0.26% $ 126.3k
Hans Keller	Lead Independent Director	19.5yrs	US$49.00k	0.079% $ 39.0k
Rolf Herter	Independent Director	18.1yrs	US$25.00k	0.24% $ 119.8k
Hans Benz	Independent Director	18.1yrs	US$41.00k	0.016% $ 8.0k
Sunil Srivastav	Independent Director of EbixCash Private Limited	no data	no data	no data
Priyanka Kaul	Independent Director	2.7yrs	US$25.00k	0% $ 0
Jill Krueger	Independent Director	less than a year	no data	no data
Elizabeth LaPuma	Independent Director	less than a year	no data	no data

18.1yrs

Average Tenure

60yo

Average Age

Experienced Board: EWZ's board of directors are seasoned and experienced ( 18.1 years average tenure).

Ebix Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Ebix, Inc., Annual General Meeting, Nov 16, 2022

Insufficient new directors

Insufficient new directors

Recent updates

Ebix, Inc. Reports Conclusion of Securities and Exchange Commission Investigation and Dismissal of All Pending Securities Claims

Ebix, Inc. announced delayed annual 10-K filing

Nasdaq Stock Market, LLC Files Form 25 with the Securities and Exchange Commission to Remove Ebix's Common Stock from Listing, Effective at the Opening of the Trading Session on February 26, 2024

Ebix, Inc.(OTCPK:EBIX.Q) dropped from NASDAQ Composite Index

Ebix, Inc.(NasdaqGS:EBIX) dropped from S&P TMI Index

Motion for Joint Administration Filed by Ebix, Inc.

Ebix, Inc. Filed for Bankruptcy

Ebix, Inc. announced delayed 10-Q filing

Investor sentiment deteriorates as stock falls 40%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 30%

Investor sentiment deteriorates as stock falls 20%

Now 23% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 45%

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.01 (vs US$0.63 in 2Q 2022)

Now 20% undervalued

Ebix, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Plaintiffs in Two Legal Cases Voluntarily Dismiss Claims Against Ebix, Inc. Without Prejudice

Southern District Court of New York Dismisses Securities Suit Against Ebix

Investor sentiment deteriorates as stock falls 20%

Investor sentiment improves as stock rises 24%

Investor sentiment improves as stock rises 17%

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.23 (vs US$0.63 in 1Q 2022)

Ebix, Inc. to Report Q1, 2023 Results on May 10, 2023

Investor sentiment improves as stock rises 43%

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$2.10 (vs US$2.23 in FY 2021)

Ebix, Inc. Declares Quarterly Dividend on Common Shares, Payable on December 16, 2022

Investor sentiment deteriorated over the past week

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.59 (vs US$0.50 in 3Q 2021)

Investor sentiment deteriorated over the past week

Ebix, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Ebix, Inc., Annual General Meeting, Nov 16, 2022

Ebix, Inc. Declares Regular Quarterly Dividend, Payable on September 15, 2022

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.51 in 2Q 2021)

Ebix, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Investor sentiment improved over the past week

Ebix, Inc.(NasdaqGS:EBIX) dropped from Russell 2000 Value-Defensive Index

Investor sentiment deteriorated over the past week

Ebix, Inc. Declares Regular Quarterly Dividend, Payable on June 16, 2022

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.71 in 1Q 2021)

Ebix, Inc. to Report Q1, 2022 Results on May 10, 2022

Insufficient new directors

Insufficient new directors

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

Investor sentiment deteriorated over the past week

Ebix, Inc. to Report Q4, 2021 Results on Mar 09, 2022

Ebix, Inc. Declares Quarterly Dividend, Payable on March 16, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.075 per share

Third quarter 2021 earnings released: EPS US$0.50 (vs US$0.81 in 3Q 2020)

Investor sentiment improved over the past week

Delaware Court Grants Ebix’s Motion to Dismiss in Lawsuit Filed by Yatra Online, Inc

Second quarter 2021 earnings released: EPS US$0.51 (vs US$0.77 in 2Q 2020)

Ebix, Inc.(NasdaqGS:EBIX) dropped from Russell 2500 Growth Index

Ebix, Inc. Declares Quarterly Dividend, Payable on June 15, 2021

Ebix, Inc. announced delayed 10-Q filing

Rosen, Top Ranked Investor Counsel, Encourages Ebix, Inc. Investors with Losses to Secure Counsel Before Important Friday Deadline in Securities Class Action

Bronstein, Gewirtz & Grossman, LLC Notifies Ebix, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm

Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Ebix, Inc. of Securities Class Action Lawsuit

Ebix Receives NASDAQ Non-Compliance Letter Company Targets Compliance By April 20, 2021

Ebix, Inc. announced delayed annual 10-K filing

Block & Leviton LLP Announces That A Lawsuit for Violation of the Federal Securities Laws Has Been Filed Against Ebix, Inc. and Certain of Its Executives

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Ebix, Inc

New 90-day low: €24.60

Investor sentiment deteriorated over the past week