Avid Technology Management

Management criteria checks 3/4

Avid Technology's CEO is Jeff Rosica, appointed in Dec 2016, has a tenure of 6.92 years. total yearly compensation is $3.15M, comprised of 17.5% salary and 82.5% bonuses, including company stock and options. directly owns 2.78% of the company’s shares, worth €30.99M. The average tenure of the management team and the board of directors is 3 years and 7.8 years respectively.

Key information

Jeff Rosica

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	17.5%
CEO tenure	6.9yrs
CEO ownership	2.8%
Management average tenure	3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Rosica's remuneration changed compared to Avid Technology's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$13m
Jun 30 2023	n/a	n/a	US$32m
Mar 31 2023	n/a	n/a	US$44m
Dec 31 2022	US$3m	US$550k	US$55m
Sep 30 2022	n/a	n/a	US$45m
Jun 30 2022	n/a	n/a	US$48m
Mar 31 2022	n/a	n/a	US$48m
Dec 31 2021	US$4m	US$550k	US$41m
Sep 30 2021	n/a	n/a	US$33m
Jun 30 2021	n/a	n/a	US$26m
Mar 31 2021	n/a	n/a	US$21m
Dec 31 2020	US$3m	US$487k	US$11m
Sep 30 2020	n/a	n/a	US$19m
Jun 30 2020	n/a	n/a	US$15m
Mar 31 2020	n/a	n/a	US$2m
Dec 31 2019	US$714k	US$550k	US$8m
Sep 30 2019	n/a	n/a	-US$2m
Jun 30 2019	n/a	n/a	-US$4m
Mar 31 2019	n/a	n/a	-US$2m
Dec 31 2018	US$5m	US$550k	-US$11m
Sep 30 2018	n/a	n/a	-US$17m
Jun 30 2018	n/a	n/a	-US$18m
Mar 31 2018	n/a	n/a	-US$21m
Dec 31 2017	US$2m	US$450k	-US$14m
Sep 30 2017	n/a	n/a	-US$7m
Jun 30 2017	n/a	n/a	US$2m
Mar 31 2017	n/a	n/a	US$25m
Dec 31 2016	US$2m	US$396k	US$48m

Compensation vs Market: Jeff's total compensation ($USD3.15M) is above average for companies of similar size in the German market ($USD1.19M).

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

CEO

Jeff Rosica (61 yo)

6.9yrs

Tenure

US$3,150,569

Compensation

Mr. Jeffrey Rosica, also known as Jeff, has been President of at Avid Technology, Inc. since December 2016 and its Chief Executive Officer since February 25, 2018. He has been Director of Avid Technology,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Rosica	President	6.9yrs	US$3.15m	2.78% $ 31.0m
Kenneth Gayron	Executive VP	5.5yrs	US$1.71m	0.80% $ 8.9m
Kevin Riley	CTO & Senior VP	3yrs	US$1.32m	0.056% $ 619.2k
Tom J. Cordiner	Chief Revenue Officer & Senior VP	no data	US$1.42m	0.50% $ 5.5m
Timothy Claman	Senior VP and GM of Video & Media Solutions	3yrs	US$1.14m	0.22% $ 2.5m
Dave Perillo	Senior Vice President of Operations & Supply Chain	3.8yrs	no data	no data
Mariesa Victoria	VP & Chief Accounting Officer	1.3yrs	no data	0.037% $ 406.8k
Alessandra Melloni	Corporate Secretary	3.3yrs	no data	no data
Joyce Butler	Chief Human Resources Officer & SVP	1.4yrs	no data	no data
David Toomey	Senior VP & GM of Audio and Music Solutions	1.2yrs	no data	0.014% $ 151.8k
Deb Sanders	Senior VP & Chief Customer Officer	less than a year	no data	no data
Greg Chin	Avid Audio Evangelist & New Business Development	no data	no data	no data

3.0yrs

Average Tenure

53yo

Average Age

Experienced Management: AVD's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Rosica	President	5.7yrs	US$3.15m	2.78% $ 31.0m
Elizabeth Monk Daley	Independent Director	18.8yrs	US$216.49k	0.34% $ 3.8m
Nancy Hawthorne	Independent Director	26.1yrs	US$232.21k	0.28% $ 3.1m
Paula Boggs	Independent Director	8.3yrs	US$226.12k	0.28% $ 3.1m
Peter Westley	Independent Director	7.8yrs	US$240.47k	0.14% $ 1.6m
Robert Bakish	Independent Director	14.1yrs	US$228.05k	1.62% $ 18.0m
John Wallace	Independent Chairman	6.5yrs	US$260.25k	0.20% $ 2.2m
Daniel Silvers	Independent Director	5.7yrs	US$219.40k	0.16% $ 1.7m
Christian Asmar	Independent Director	4.1yrs	US$216.05k	0% $ 0

7.8yrs

Average Tenure

59yo

Average Age

Experienced Board: AVD's board of directors are considered experienced (7.8 years average tenure).

Avid Technology Management

Management criteria checks 3/4

Key information

Recent management updates

Avid Technology, Inc. Announces Chief Executive Officer Changes

Avid Technology, Inc. Announces Board Changes

Insider recently sold €116k worth of stock

Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer

Chief Revenue Officer & Senior VP recently sold €814k worth of stock

Insufficient new directors

Recent updates

Avid Technology, Inc. Announces Chief Executive Officer Changes

Avid Technology, Inc. Files Form 15

Avid Technology, Inc. Announces Board Changes

Symphony Technology Group, LLC completed the acquisition of Avid Technology, Inc. (NasdaqGS:AVID).

Symphony Technology Group, LLC completed the acquisition of Avid Technology, Inc. (NasdaqGS:AVID).

Avid Technology, Inc. Unveils Pro Tools Sketch for Modern Music Creators and to Expand Pro Tools Workflows

Avid Technology, Inc. Launches Stream IO Subscription-based Ingest & Playout Platform for Next-Generation Media Production

Avid Launches Media Composer Panel Software Development Kit to Propel Third-Party Innovation for Media's Top Editing Tool

Avid Announces the Availability of Its Avid VENUE 7.2 Software Update

Symphony Technology Group, LLC entered into a definitive agreement to acquire Avid Technology, Inc. (NasdaqGS:AVID) for $1.2 billion.

New major risk - Financial position

Symphony Technology Group, LLC entered into a definitive agreement to acquire Symphony Technology Group, LLC for $1.2 billion.

Second quarter 2023 earnings released: US$0.10 loss per share (vs US$0.17 profit in 2Q 2022)

New major risk - Share price stability

Investor sentiment improves as stock rises 17%

Avid Technology, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 21% undervalued after recent price drop

Avid Delivers Pro Tools Innovation with Track Markers and Expanded Immersive Mixing Workflows

Investor sentiment improves as stock rises 23%

Avid Technology Reportedly Explores Potential Sale

Investor sentiment deteriorates as stock falls 22%

Now 22% undervalued after recent price drop

First quarter 2023 earnings released: US$0.009 loss per share (vs US$0.24 profit in 1Q 2022)

Avid Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2023 and Reaffirms Earnings Guidance for the Full Year 2023

Full year 2022 earnings released: EPS: US$1.24 (vs US$0.92 in FY 2021)

Avid Delivers New Era of Openness with Scripting Software Development Kit for Pro Tools

Avid Technology, Inc. Announces Avid Media Composer Enhances Interoperability with Pro Tools to Accelerate Workflows for Video and Audio Post Production Teams

Avid Releases Updates to Its Industry-Leading MediaCentral(R) Workflow Platform

Insider recently sold €116k worth of stock

Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer

Chief Revenue Officer & Senior VP recently sold €814k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.27 (vs US$0.32 in 3Q 2021)

Avid Technology, Inc. Revises Earnings Guidance for the Full Year 2022

Avid Technology, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Avid Announces the Return of its MBOX Desktop Audio Interface with a Brand-New Offering, the MBOX Studio Powered by Pro Tools Software

Avid Unveils Pro Tools Intro to Excite A New Generation of Music Makers

Avid's Newest Pro Tools Software Release Propels Music Creativity and Productivity to New Heights for All Users

Avid Launches Subscription Solution for TV and Media Graphics

Avid Appoints David Toomey as Senior Vice President & General Manager of Audio & Music Solutions

Avid Technology, Inc. Demonstrates Open Workflow Solutions at IBC2022

Second quarter 2022 earnings released: EPS: US$0.17 (vs US$0.15 in 2Q 2021)

Avid Technology, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2022

Avid Technology, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Avid Technology, Inc. Announces Board Changes

Chief Revenue Officer & Senior VP recently sold €245k worth of stock

Investor sentiment improved over the past week

Avid Technology, Inc. Elects Veteran John P. Wallace as Board Chair

Avid Offers Cloud-Enabled Subscription Option for Avid Nexis Storage

Insufficient new directors

Investor sentiment deteriorated over the past week

Now 36% undervalued after recent price drop

First quarter 2022 earnings released: EPS: US$0.24 (vs US$0.099 in 1Q 2021)

Avid Technology, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022

Avid Technology, Inc. to Report Q1, 2022 Results on May 04, 2022

Avid Technology, Inc. Launches the Latest Version of Media Composer® Video Editing Software with New Features That Dramatically Enhance the Speed and Productivity of Creative Teams and Individuals

Avid Technology, Inc., Annual General Meeting, May 18, 2022

Chief Revenue Officer & Senior VP recently sold €518k worth of stock

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

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

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

Avid Technology, Inc. Extends the Power of Its Collaborative Post Production Solutions with the Introduction of Avid Nexis | Edge

Avid Technology, Inc. Announces New Capabilities in Avid MediaCentral Bring Graphic Designers into Broadcast TV and Production Workflows

Executive VP & CFO recently sold €75k worth of stock

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.32 (vs US$0.18 in 3Q 2020)

Avid Technology, Inc. (NasdaqGS:AVID) announces an Equity Buyback for $115 million worth of its shares.