GSE Systems Management

Management criteria checks 2/4

GSE Systems' CEO is Kyle Loudermilk, appointed in Aug 2015, has a tenure of 8.42 years. total yearly compensation is $1.84M, comprised of 24.3% salary and 75.7% bonuses, including company stock and options. directly owns 4.48% of the company’s shares, worth €180.51K. The average tenure of the management team and the board of directors is 7.5 years and 3.8 years respectively.

Key information

Kyle Loudermilk

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	24.3%
CEO tenure	8.4yrs
CEO ownership	4.5%
Management average tenure	7.5yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kyle Loudermilk's remuneration changed compared to GSE Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$8m
Jun 30 2023	n/a	n/a	-US$15m
Mar 31 2023	n/a	n/a	-US$15m
Dec 31 2022	US$2m	US$446k	-US$15m
Sep 30 2022	n/a	n/a	-US$16m
Jun 30 2022	n/a	n/a	US$5m
Mar 31 2022	n/a	n/a	US$9m
Dec 31 2021	US$1m	US$425k	US$11m
Sep 30 2021	n/a	n/a	US$11m
Jun 30 2021	n/a	n/a	-US$1m
Mar 31 2021	n/a	n/a	-US$6m
Dec 31 2020	US$834k	US$425k	-US$11m
Sep 30 2020	n/a	n/a	-US$15m
Jun 30 2020	n/a	n/a	-US$16m
Mar 31 2020	n/a	n/a	-US$14m
Dec 31 2019	US$1m	US$425k	-US$12m
Sep 30 2019	n/a	n/a	-US$5m
Jun 30 2019	n/a	n/a	-US$4m
Mar 31 2019	n/a	n/a	-US$3m
Dec 31 2018	US$989k	US$371k	-US$354k
Sep 30 2018	n/a	n/a	US$6m
Jun 30 2018	n/a	n/a	US$5m
Mar 31 2018	n/a	n/a	US$5m
Dec 31 2017	US$930k	US$361k	US$7m

Compensation vs Market: Kyle's total compensation ($USD1.84M) is above average for companies of similar size in the German market ($USD398.30K).

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

CEO

Kyle Loudermilk (55 yo)

8.4yrs

Tenure

US$1,840,163

Compensation

Mr. Kyle J. Loudermilk has been the Chief Executive Officer and President of GSE Systems Inc., since August 3, 2015. He is a technology executive with many years expertise has focused on growing technology...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kyle Loudermilk	President	8.4yrs	US$1.84m	4.48% $ 180.5k
Emmett Pepe	CFO & Treasurer	7.5yrs	US$912.62k	1.17% $ 47.2k
Bahram Meyssami	Chief Technology Officer	8.1yrs	US$337.68k	0.69% $ 28.0k
Raymond Hruby	Vice President of Sales	less than a year	no data	no data
Ravi Khanna	Senior Vice President of Professional Services	5.9yrs	no data	0.24% $ 9.6k

7.5yrs

Average Tenure

58yo

Average Age

Experienced Management: GSE0's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kyle Loudermilk	President	8.4yrs	US$1.84m	4.48% $ 180.5k
William Corey	Independent Director	3.4yrs	US$122.25k	0.41% $ 16.5k
Kathryn Gardner	Independent Chairman of the Board	4.1yrs	US$138.38k	0.45% $ 18.3k
Thomas Dougherty	Independent Director	1.9yrs	US$132.55k	0.19% $ 7.8k

3.8yrs

Average Tenure

59yo

Average Age

Experienced Board: GSE0's board of directors are considered experienced (3.8 years average tenure).

GSE Systems Management

Management criteria checks 2/4

Key information

Recent management updates

GSE Systems, Inc. Announces Resignation of Suresh Sundaram from the Board

GSE Systems, Inc. Announces Resignation of Kathryn O’Connor Gardner as Member of the Board to the Nominating & Governance Committee

GSE Systems, Inc., Annual General Meeting, Jun 14, 2022

GSE Systems, Inc. Announces Appointment of Thomas J. Dougherty to the Board of Directors

J. Barnie Beasley, Chairman of the Board of Directors of GSE Systems, Inc., Intends Not to Stand for Re-Election to the Board

GSE Solutions Names Brian Greene as Vice President of GSE’s Nuclear Industry Training and Consulting Business

Recent updates

GSE Systems, Inc. announced delayed annual 10-K filing

GSE Systems, Inc. to Report Q4, 2023 Results on Apr 01, 2024

GSE Systems Regains Compliance with All Applicable Nasdaq Listing Standards

GSE Systems, Inc. Reports Unaudited Consolidated Impairment Charges for the Third Quarter Ended September 30, 2023

GSE Systems, Inc. Reports Unaudited Consolidated Impairment Charges for the Third Quarter Ended September 30, 2023

GSE Systems, Inc. to Report Q3, 2023 Results on Nov 14, 2023

GSE Systems Receives A Letter from the Panel Establishing A February 1, 2024 Date for Hearing and Stating Delisting Action Referenced in Staff Determination Letter Would Be Stayed Pending A Final Written Decision by Panel

GSE Systems Announces 10-for-1 Reverse Stock Split to Regain Compliance with the Minimum Bid Price Requirement

GSE Solutions Services Support Topical Report for Using Data Validation and Reconciliation for Measurement Uncertainty Recapture

GSE Systems, Inc. announced delayed 10-Q filing

New major risk - Financial position

Second quarter 2023 earnings released: US$0.062 loss per share (vs US$0.067 loss in 2Q 2022)

GSE Systems, Inc. to Report Q2, 2023 Results on Aug 14, 2023

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.16 loss in 1Q 2022)

GSE Systems, Inc. Announces Resignation of Suresh Sundaram from the Board

GSE Systems, Inc. to Report Q1, 2023 Results on May 15, 2023

GSE Systems Receives 180-Day Extension to October 30, 2023 to Regain Compliance with the Minimum Bid Price Requirement

Full year 2022 earnings released: US$0.72 loss per share (vs US$0.51 profit in FY 2021)

GSE Solutions to Develop First-Of-Its-Kind Hydrogen Plant Model for NuScale Power

Third quarter 2022 earnings released: US$0.42 loss per share (vs US$0.55 profit in 3Q 2021)

GSE Systems Receives A Written Notice from Nasdaq Regarding Minimum Bid Price Requirement

GSE Systems, Inc. to Report Q3, 2022 Results on Nov 14, 2022

GSE Systems, Inc. Announces Newly Expanded Service Offerings Specifically for Nuclear Power Plant Life Extensions

Second quarter 2022 earnings released: US$0.067 loss per share (vs US$0.16 profit in 2Q 2021)

GSE Systems, Inc. to Report Q2, 2022 Results on Aug 15, 2022

GSE Systems, Inc. Extends TSM Enterprise Platform with A New Module To Support Compliance Requirements

GSE Systems, Inc. Announces Resignation of Kathryn O’Connor Gardner as Member of the Board to the Nominating & Governance Committee

GSE Systems, Inc. Expands TSM Enterprise Platform Adding Tailor-Fit Service Modules to Optimize Plant Performance

GSE Systems, Inc. to Report Q1, 2022 Results on May 16, 2022

GSE Systems, Inc., Annual General Meeting, Jun 14, 2022

GSE Systems, Inc. Announces Appointment of Thomas J. Dougherty to the Board of Directors

GSE Systems, Inc. announced delayed annual 10-K filing

GSE Systems, Inc. to Report Q4, 2020 Results on Mar 31, 2021

J. Barnie Beasley, Chairman of the Board of Directors of GSE Systems, Inc., Intends Not to Stand for Re-Election to the Board

Gse Systems, Inc Adds Three New Contracts to Recent Wins

GSE Systems, Inc. Wins Two Master Services Agreements Worth $35 Million with Major US Utility for Contract Workforce Support

GSE Systems, Inc. to Report Q3, 2020 Results on Nov 16, 2020

GSE Solutions Names Brian Greene as Vice President of GSE’s Nuclear Industry Training and Consulting Business

GSE Systems, Inc. Announces Retirement of Paul Abbott as the President of the Company’S Nuclear Industry Training & Consulting Division

GSE Systems, Inc. to Report Q2, 2020 Results on Aug 19, 2020

GSE Systems, Inc. announced delayed 10-Q filing

GSE Systems, Inc. to Report Q1, 2020 Results on Jul 22, 2020

GSE Solutions Discloses Notice From Nasdaq

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age