Badger Meter Management
Management criteria checks 3/4
Badger Meter's CEO is Ken Bockhorst, appointed in Apr 2018, has a tenure of 6.08 years. total yearly compensation is $4.54M, comprised of 16.5% salary and 83.5% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €7.15M. The average tenure of the management team and the board of directors is 5.6 years and 5.3 years respectively.
Key information
Ken Bockhorst
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 16.5% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.6yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$102m |
| Dec 31 2023 | US$5m | US$750k | US$93m |
| Sep 30 2023 | n/a | n/a | US$85m |
| Jun 30 2023 | n/a | n/a | US$77m |
| Mar 31 2023 | n/a | n/a | US$72m |
| Dec 31 2022 | US$4m | US$675k | US$66m |
| Sep 30 2022 | n/a | n/a | US$66m |
| Jun 30 2022 | n/a | n/a | US$64m |
| Mar 31 2022 | n/a | n/a | US$61m |
| Dec 31 2021 | US$4m | US$640k | US$61m |
| Sep 30 2021 | n/a | n/a | US$57m |
| Jun 30 2021 | n/a | n/a | US$56m |
| Mar 31 2021 | n/a | n/a | US$51m |
| Dec 31 2020 | US$2m | US$594k | US$49m |
| Sep 30 2020 | n/a | n/a | US$49m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$2m | US$575k | US$47m |
| Sep 30 2019 | n/a | n/a | US$46m |
| Jun 30 2019 | n/a | n/a | US$36m |
| Mar 31 2019 | n/a | n/a | US$31m |
| Dec 31 2018 | US$1m | US$525k | US$28m |
| Sep 30 2018 | n/a | n/a | US$24m |
| Jun 30 2018 | n/a | n/a | US$29m |
| Mar 31 2018 | n/a | n/a | US$33m |
| Dec 31 2017 | US$909k | US$110k | US$35m |
Compensation vs Market: Ken's total compensation ($USD4.54M) is above average for companies of similar size in the German market ($USD3.35M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
CEO
Ken Bockhorst (50 yo)
6.1yrs
Tenure
US$4,544,288
Compensation
Mr. Kenneth C. Bockhorst, also known as Ken, has been the Chief Executive Officer of Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018. He serves as Independent Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.1yrs | US$4.54m | 0.14% $ 7.2m | |
| Senior VP & CFO | 5.3yrs | US$1.47m | 0.054% $ 2.8m | |
| Vice President of Global Operations | 1.3yrs | US$781.20k | 0.0039% $ 198.7k | |
| Vice President of Sales & Marketing | 12.3yrs | US$760.20k | 0.038% $ 2.0m | |
| Vice President of Human Resources | 3.6yrs | US$715.39k | 0.0081% $ 415.9k | |
| VP of Investor Relations | 5.8yrs | US$615.80k | 0.020% $ 1.0m | |
| VP, General Counsel & Secretary | 20.7yrs | US$659.09k | 0.085% $ 4.4m | |
| VP & Controller | 5.2yrs | no data | 0.014% $ 715.8k |
5.6yrs
Average Tenure
55yo
Average Age
Experienced Management: 33B's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.7yrs | US$4.54m | 0.14% $ 7.2m | |
| Lead Outside Independent Director | 7.3yrs | US$136.70k | 0.032% $ 1.6m | |
| Independent Director | 4.3yrs | US$138.11k | 0.020% $ 1.0m | |
| Independent Director | 7.3yrs | US$144.11k | no data | |
| Independent Director | 7.5yrs | US$138.11k | 0.032% $ 1.6m | |
| Independent Director | 1.8yrs | US$147.11k | no data | |
| Independent Director | 2.3yrs | US$138.11k | 0.0046% $ 235.3k | |
| Independent Director | 5.3yrs | US$138.11k | 0.022% $ 1.1m | |
| Independent Director | 2.8yrs | US$138.11k | 0.0046% $ 235.3k |
5.3yrs
Average Tenure
53yo
Average Age
Experienced Board: 33B's board of directors are considered experienced (5.3 years average tenure).