Akoustis Technologies Management

Management criteria checks 3/4

Akoustis Technologies' CEO is Jeff Shealy, appointed in May 2015, has a tenure of 8.92 years. total yearly compensation is $1.29M, comprised of 36.5% salary and 63.5% bonuses, including company stock and options. directly owns 2.25% of the company’s shares, worth €1.13M. The average tenure of the management team and the board of directors is 5 years and 8.9 years respectively.

Key information

Jeff Shealy

Chief executive officer

US$1.3m

Total compensation

CEO salary percentage	36.5%
CEO tenure	8.9yrs
CEO ownership	2.3%
Management average tenure	5yrs
Board average tenure	8.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Shealy's remuneration changed compared to Akoustis Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$69m
Sep 30 2023	n/a	n/a	-US$65m
Jun 30 2023	US$1m	US$471k	-US$64m
Mar 31 2023	n/a	n/a	-US$62m
Dec 31 2022	n/a	n/a	-US$61m
Sep 30 2022	n/a	n/a	-US$65m
Jun 30 2022	US$2m	US$439k	-US$59m
Mar 31 2022	n/a	n/a	-US$53m
Dec 31 2021	n/a	n/a	-US$48m
Sep 30 2021	n/a	n/a	-US$45m
Jun 30 2021	US$1m	US$403k	-US$44m
Mar 31 2021	n/a	n/a	-US$44m
Dec 31 2020	n/a	n/a	-US$42m
Sep 30 2020	n/a	n/a	-US$39m
Jun 30 2020	US$885k	US$308k	-US$36m
Mar 31 2020	n/a	n/a	-US$32m
Dec 31 2019	n/a	n/a	-US$33m
Sep 30 2019	n/a	n/a	-US$31m
Jun 30 2019	US$659k	US$295k	-US$29m
Mar 31 2019	n/a	n/a	-US$30m
Dec 31 2018	n/a	n/a	-US$26m
Sep 30 2018	n/a	n/a	-US$24m
Jun 30 2018	US$745k	US$162k	-US$22m
Mar 31 2018	n/a	n/a	-US$17m
Dec 31 2017	n/a	n/a	-US$15m
Sep 30 2017	n/a	n/a	-US$12m
Jun 30 2017	US$408k	US$154k	-US$10m

Compensation vs Market: Jeff's total compensation ($USD1.29M) is above average for companies of similar size in the German market ($USD401.52K).

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

CEO

Jeff Shealy (54 yo)

8.9yrs

Tenure

US$1,290,740

Compensation

Mr. Jeffrey B. Shealy, also known as Jeff, is a Founder of Akoustis Technologies, Inc. and serves as its President, Chief Executive Officer and Director since May 22, 2015. Mr. Shealy serves as the Chief E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Shealy	Founder	8.9yrs	US$1.29m	2.25% $ 1.1m
Kenneth Boller	CFO & Corporate Controller	6.3yrs	US$685.94k	0.22% $ 109.8k
David Aichele	Executive Vice President of Business Development	4.3yrs	US$787.87k	0.34% $ 170.9k
Andrew Wright	General Counsel & Corporate Secretary	5.8yrs	no data	no data
Mary Winters	Executive VP of Fab & Corporate Operations	2.3yrs	no data	no data
Kamran Cheema	Chief Product Officer	1.8yrs	no data	no data

5.0yrs

Average Tenure

54yo

Average Age

Experienced Management: AVH's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Shealy	Founder	8.9yrs	US$1.29m	2.25% $ 1.1m
Jerry Neal	Independent Co-Chairman of the Board	8.9yrs	US$289.62k	0.94% $ 472.6k
Suzanne Rudy	Independent Director	6.8yrs	US$268.23k	0.22% $ 108.9k
J. McGuire	Independent Director	3.7yrs	US$189.09k	0.19% $ 93.7k
Arthur Geiss	Independent Co-Chairman of the Board	8.9yrs	US$249.43k	0.42% $ 212.4k
Steven DenBaars	Independent Director	8.9yrs	US$176.19k	0.33% $ 166.4k
Jeffrey McMahon	Independent Director	8.9yrs	US$199.47k	0.59% $ 296.2k
James Shealy	Chair of Scientific Advisor Board	no data	no data	no data
Michelle Petock	Independent Director	1.1yrs	US$98.46k	0% $ 0

8.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: AVH's board of directors are considered experienced (8.9 years average tenure).

Akoustis Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

Akoustis Technologies, Inc., Annual General Meeting, Nov 02, 2023

Insufficient new directors

Insufficient new directors

Akoustis Technologies, Inc., Annual General Meeting, Nov 10, 2022

Akoustis Technologies, Inc. Appoints Kamran Cheema as Chief Product Officer

Insufficient new directors

Recent updates

Akoustis Technologies, Inc. Introduces Two New 2.4 GHz BAW RF Filters for Wi-Fi Automotive and Access Point Applications

Second quarter 2024 earnings released: US$0.21 loss per share (vs US$0.19 loss in 2Q 2023)

Akoustis Technologies, Inc. Receives Wi-Fi 7 Design Win from Tier-1 US-Based Carrier

Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi Ap Solutions Provider

New minor risk - Shareholder dilution

Akoustis Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $10 million.

Akoustis Technologies, Inc. Receives Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider

Akoustis Technologies, Inc. Reiterates Revenue Guidance for the March Quarter of 2024

First quarter 2024 earnings released: US$0.28 loss per share (vs US$0.33 loss in 1Q 2023)

Akoustis Technologies, Inc. Receives A Written Notice from Nasdaq Regarding Minimum Bid Price Requirement

Akoustis Technologies, Inc. Receives A Written Notice from Nasdaq Regarding Minimum Bid Price Requirement

Akoustis Technologies, Inc. Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications

Akoustis Technologies, Inc., Annual General Meeting, Nov 02, 2023

Full year 2023 earnings released: US$1.00 loss per share (vs US$1.09 loss in FY 2022)

Insufficient new directors

Akoustis Technologies, Inc. Sampling New Advanced Single-Crystal Xbaw®? Filter with Tier-1 Wi-Fi Customer

Akoustis Technologies, Inc.(NasdaqCM:AKTS) dropped from Russell Small Cap Comp Value Index

Akoustis Technologies, Inc. Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design Software

Akoustis Introduces Advanced BAW RF Filters for Wi-Fi 6E & 7 Applications

Third quarter 2023 earnings released: US$0.23 loss per share (vs US$0.27 loss in 3Q 2022)

Second quarter 2023 earnings released: US$0.19 loss per share (vs US$0.29 loss in 2Q 2022)

Akoustis Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $30 million.

Akoustis Technologies, Inc. Provides Preliminary Revenue Guidance for the Three Months Ended December 31, 2022

Akoustis Technologies, Inc. Completes Qualification of First Wafer-Level-Packages for 5G Mobile & Other Markets

Insufficient new directors

Akoustis Announces Next Generation Wi-Fi 6E and Wi-Fi 7 Filter Solutions

Akoustis Technologies, Inc., Annual General Meeting, Nov 10, 2022

Full year 2022 earnings released: US$1.09 loss per share (vs US$1.02 loss in FY 2021)

Akoustis Technologies, Inc. Provides Revenue Guidance for the First Quarter Ending September 30, 2022

Akoustis Technologies, Inc. Appoints Kamran Cheema as Chief Product Officer

Third quarter 2022 earnings released: US$0.27 loss per share (vs US$0.22 loss in 3Q 2021)

Insufficient new directors

Akoustis Technologies, Inc. (NasdaqCM:AKTS) agreed to acquire 49% stake in RFM Integrated Device, Inc. from Tai-Saw Technology Co.,Ltd. (TPEX:3221) for $7.5 million.

Akoustis Technologies, Inc. Promotes Ken Boller to Chief Financial Officer

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

First quarter 2022 earnings released: US$0.25 loss per share (vs US$0.31 loss in 1Q 2021)

Full year 2021 earnings released: US$1.02 loss per share (vs US$1.07 loss in FY 2020)

Forecast to breakeven in 2023

Akoustis Technologies, Inc. Receives Wifi 6E Design Win for MU-MIMO Gateway

Akoustis Technologies, Inc. Receives WiFi 6E Design Win from New Tier-1 Customer

Akoustis Technologies, Inc. Secures WiFi 6E Reference Design with Third SoC Maker

Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.21 loss in 3Q 2020)

Akoustis Technologies, Inc. Locks Process Flow for Second Wafer Level Package for XBAW Filters

Akoustis Technologies, Inc. Receives New Design Win for XBAW Filters from New CBRS Customer

Founder recently sold €224k worth of stock

Akoustis Technologies, Inc. Locks Process Flow for First Wafer-Level-Chip-Scale Package (WLCSP) for XBAW Filters

Second quarter 2021 earnings released: US$0.30 loss per share (vs US$0.30 loss in 2Q 2020)

Revenue beats expectations

Akoustis Receives Volume Order from A Third Tier-1 Customer for Its 5.5/6.5 Ghz Wifi 6E Xbaw Coexistence Filter Solutions

Akoustis Technologies, Inc. Achieves Design-Lock on Tandem Wifi 6E Baw Coexistence Filter Solutions

New 90-day high: €13.50

New 90-day high: €10.80

Akoustis Technologies, Inc. Receives First 5G Mobile Orders for XBAW Filters from New Tier-1 RF Solutions Provider

New 90-day high: €9.50

New 90-day low: €6.25

Akoustis Technologies, Inc. Receives Order for Mobile XBAW™ Filters from Leading RF Front-End Module Maker

New 90-day high: €8.10

First quarter earnings released

First-quarter earnings released: Revenue beats expectations

Akoustis Technologies, Inc. Receives New DARPA Contract to Advance XBAW Technology

Akoustis Technologies, Inc. Ships Fourth 5G Small Cell Network Infrastructure Filter to Tier-1 Customer

New 90-day low - €6.40

Full year earnings released - €1.07 loss per share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure