Open Text Management

Management criteria checks 2/4

Open Text's CEO is Mark Barrenechea, appointed in Jan 2012, has a tenure of 12.25 years. total yearly compensation is $23.25M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth €38.72M. The average tenure of the management team and the board of directors is 3.9 years and 14.8 years respectively.

Key information

Mark Barrenechea

Chief executive officer

US$23.2m

Total compensation

CEO salary percentage	4.1%
CEO tenure	12.3yrs
CEO ownership	0.4%
Management average tenure	3.9yrs
Board average tenure	14.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Barrenechea's remuneration changed compared to Open Text's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$127m
Sep 30 2023	n/a	n/a	US$348m
Jun 30 2023	US$23m	US$950k	US$150m
Mar 31 2023	n/a	n/a	US$301m
Dec 31 2022	n/a	n/a	US$318m
Sep 30 2022	n/a	n/a	US$148m
Jun 30 2022	US$16m	US$950k	US$397m
Mar 31 2022	n/a	n/a	US$476m
Dec 31 2021	n/a	n/a	US$493m
Sep 30 2021	n/a	n/a	US$339m
Jun 30 2021	US$21m	US$891k	US$311m
Mar 31 2021	n/a	n/a	US$156m
Dec 31 2020	n/a	n/a	US$90m
Sep 30 2020	n/a	n/a	US$263m
Jun 30 2020	US$10m	US$932k	US$234m
Mar 31 2020	n/a	n/a	US$280m
Dec 31 2019	n/a	n/a	US$327m
Sep 30 2019	n/a	n/a	US$324m
Jun 30 2019	US$8m	US$950k	US$286m
Mar 31 2019	n/a	n/a	US$275m
Dec 31 2018	n/a	n/a	US$261m
Sep 30 2018	n/a	n/a	US$242m
Jun 30 2018	US$7m	US$950k	US$242m
Mar 31 2018	n/a	n/a	US$227m
Dec 31 2017	n/a	n/a	US$189m
Sep 30 2017	n/a	n/a	US$149m
Jun 30 2017	US$12m	US$945k	US$1b

Compensation vs Market: Mark's total compensation ($USD23.25M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mark Barrenechea (58 yo)

12.3yrs

Tenure

US$23,248,282

Compensation

Mr. Mark J. Barrenechea has been the Chief Executive Officer of OpenText Public Sector Solutions, Inc. and served as its President since January 2, 2012. He has been Chief Technology Officer at OpenText si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Barrenechea	Vice Chairman	12.3yrs	US$23.25m	0.43% $ 38.7m
Paul Duggan	President & Chief Customer Officer	no data	US$4.07m	0.0039% $ 349.8k
Madhu Ranganathan	President	6yrs	US$5.41m	0.0099% $ 884.4k
Muhi Majzoub	Executive VP & Chief Product Officer	11.8yrs	US$4.35m	0.039% $ 3.5m
Cosmin Balota	Senior VP & Chief Accounting Officer	1.3yrs	no data	0.00094% $ 83.9k
Harry Blount	Senior VP & Global Head of Investor Relations	no data	no data	no data
Michael Acedo	Executive VP	2.3yrs	no data	0.0026% $ 234.7k
Jen Bell	Vice President & Chief Communications Officer	no data	no data	no data
Sandy Ono	Executive VP & Chief Marketing Officer	2.3yrs	no data	no data
Todd Cione	President of OpenText Worldwide Sales	no data	no data	no data
Brian Sweeney	Executive VP & Chief Human Resources Officer	5.5yrs	no data	0.0047% $ 415.9k
Christopher McGourlay	Executive Vice President of International Sales	12.2yrs	no data	0.0076% $ 676.4k

3.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: OTX's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Barrenechea	Vice Chairman	12.3yrs	US$23.25m	0.43% $ 38.7m
Katharine Stevenson	Independent Director	15.3yrs	US$469.83k	0.0096% $ 853.1k
Deborah Weinstein	Independent Director	14.3yrs	US$492.86k	0.0075% $ 665.7k
Gail Hamilton	Independent Director	17.3yrs	US$435.56k	0% $ 0
Stephen Sadler	Non-Independent Director	26.6yrs	US$780.50k	0.13% $ 11.6m
Randy Fowlie	Independent Lead Director	26.1yrs	US$491.83k	0.073% $ 6.5m
Michael Slaunwhite	Independent Director	26.1yrs	US$503.37k	0.25% $ 21.9m
Paul Jenkins	Independent Chairman of the Board	29.3yrs	US$661.68k	1.14% $ 101.3m
Goldy Hyder	Director	less than a year	no data	no data
Robert Hau	Independent Director	3.6yrs	US$367.32k	0% $ 0
Ann M. Judge	Independent Director	2.8yrs	US$352.68k	0% $ 0
David Fraser	Independent Director	5.6yrs	US$370.89k	0.000090% $ 8.0k

14.8yrs

Average Tenure

63yo

Average Age

Experienced Board: OTX's board of directors are seasoned and experienced ( 14.8 years average tenure).

Open Text Management

Management criteria checks 2/4

Key information

Recent management updates

Vice Chairman recently sold €15m worth of stock

Open Text Corporation Announces Appointment of Denise Miura as SVP & President of OpenText Japan

Independent Director recently sold €5.0m worth of stock

Independent Director recently sold €4.1m worth of stock

Open Text Corporation Appoints Goldy Hyder to its Board of Directors

Insufficient new directors

Recent updates

Open Text Corporation Announces Cloud Editions 24.2

Open Text Corporation to Report Q3, 2024 Results on May 02, 2024

Upcoming dividend of CA$0.25 per share

Vice Chairman recently sold €15m worth of stock

Second quarter dividend of CA$0.25 announced

Second quarter 2024 earnings released: EPS: US$0.14 (vs US$0.96 in 2Q 2023)

Open Text Corporation Declares Cash Dividend, Payable on March 20, 2024

Open Text Corporation to Report Q2, 2024 Results on Feb 01, 2024

Open Text Corporation Announces Appointment of Denise Miura as SVP & President of OpenText Japan

Now 20% undervalued

Independent Director recently sold €5.0m worth of stock

Independent Director recently sold €4.1m worth of stock

Open Text Corporation Appoints Goldy Hyder to its Board of Directors

Upcoming dividend of US$0.25 per share at 2.6% yield

Open Text Corporation Declares Cash Dividend, Payable on December 20, 2023

First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.43 loss in 1Q 2023)

OpenText AI Enables Smarter Organizations

Open Text Corporation to Report Q1, 2024 Results on Nov 02, 2023

Insufficient new directors

Executive VP & Chief Product Officer recently sold €1.0m worth of stock

Open Text Corporation acquired KineMatik Ltd.

Upcoming dividend of US$0.25 per share at 2.6% yield

Open Text Corporation Declares Quarterly Dividend, Payable on September 22, 2023

Full year 2023 earnings released: EPS: US$0.56 (vs US$1.46 in FY 2022)

Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023

Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023

Open Text Corporation, Annual General Meeting, Sep 14, 2023

Upcoming dividend of US$0.24 per share at 2.4% yield

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.28 in 3Q 2022)

Open Text Corporation Declares Cash Dividend, Payable on June 23, 2023

Upcoming dividend of US$0.24 per share at 2.8% yield

Open Text Corporation Announces Cloud Editions 23.1

Insider recently sold €67k worth of stock

Second quarter 2023 earnings released: EPS: US$0.96 (vs US$0.32 in 2Q 2022)

Open Text Corporation Provides Earnings Guidance for the Year 2023

Open Text Corporation Declares Dividend, Payable on March 23, 2023

Open Text Corporation (NasdaqGS:OTEX) completed the acquisition of Micro Focus International plc (LSE : MCRO) from Dodge & Cox & Others.

Open Text Corporation to Report Q2, 2023 Results on Feb 02, 2023

Non-Independent Director recently bought €1.6m worth of stock

Open Text Corporation Announces Executive Changes

Non-Independent Director recently bought €1.5m worth of stock

Upcoming dividend of US$0.24 per share

Insider recently sold €112k worth of stock

First quarter 2023 earnings released: US$0.43 loss per share (vs US$0.48 profit in 1Q 2022)

Open Text Corporation Reaffirms Financial Guidance for the Fiscal Year 2022

Open Text Corporation Introduces Cloud Editions 22.4 and Project Titanium

OpenText Security Solutions Announces Nastiest Malware of 2022

Independent Director recently bought €4.6m worth of stock

Investor sentiment deteriorated over the past week

Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion

Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion

Upcoming dividend of US$0.24 per share

Full year 2022 earnings released: EPS: US$1.46 (vs US$1.14 in FY 2021)

Open Text Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2022

Open Text Corporation Unveils Cloud Editions 22.3

Open Text Corporation, Annual General Meeting, Sep 15, 2022

Open Text Corporation to Report Q4, 2022 Results on Aug 04, 2022

OpenText Powers the Information Advantage with Cloud Editions 22.2

Opentext Business Network Cloud Innovations Drive Seamless Connectivity Across Digital Ecosystems

Open Text Corporation Security Cloud Powers and Protects Businesses

Upcoming dividend of US$0.22 per share

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.34 in 3Q 2021)

Open Text Corporation Announces Quarterly Cash Dividend, Payable on June 24, 2022

Open Text Corporation to Report Q3, 2022 Results on May 04, 2022

Senior VP & Chief Information Officer recently sold €60k worth of stock

OpenText Showcases Latest eDiscovery Innovations At Legalweek New York 2022

Open Text Corporation Announces Cloud Editions 22.1 (Ce 22.1) Featuring New and Enhanced Innovations That Enable Organizations to Leverage Information for Digital Business Transformations

Upcoming dividend of US$0.22 per share

Insider recently bought €389k worth of stock