Digi International Management

Management criteria checks 2/4

Digi International's CEO is Ron Konezny, appointed in Dec 2014, has a tenure of 9.42 years. total yearly compensation is $8.68M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 1.18% of the company’s shares, worth €10.48M. The average tenure of the management team and the board of directors is 2.3 years and 5.3 years respectively.

Key information

Ron Konezny

Chief executive officer

US$8.7m

Total compensation

CEO salary percentage	6.2%
CEO tenure	9.4yrs
CEO ownership	1.2%
Management average tenure	2.3yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron Konezny's remuneration changed compared to Digi International's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$14m
Dec 31 2023	n/a	n/a	US$16m
Sep 30 2023	US$9m	US$542k	US$25m
Jun 30 2023	n/a	n/a	US$30m
Mar 31 2023	n/a	n/a	US$27m
Dec 31 2022	n/a	n/a	US$24m
Sep 30 2022	US$3m	US$515k	US$19m
Jun 30 2022	n/a	n/a	US$13m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	n/a	n/a	US$12m
Sep 30 2021	US$2m	US$479k	US$10m
Jun 30 2021	n/a	n/a	US$10m
Mar 31 2021	n/a	n/a	US$9m
Dec 31 2020	n/a	n/a	US$8m
Sep 30 2020	US$4m	US$455k	US$8m
Jun 30 2020	n/a	n/a	US$6m
Mar 31 2020	n/a	n/a	US$6m
Dec 31 2019	n/a	n/a	US$5m
Sep 30 2019	US$2m	US$465k	US$10m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$12m
Dec 31 2018	n/a	n/a	US$11m
Sep 30 2018	US$2m	US$465k	US$2m
Jun 30 2018	n/a	n/a	US$3m
Mar 31 2018	n/a	n/a	US$1m
Dec 31 2017	n/a	n/a	US$3m
Sep 30 2017	US$2m	US$465k	US$9m

Compensation vs Market: Ron's total compensation ($USD8.68M) is above average for companies of similar size in the German market ($USD1.09M).

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

CEO

Ron Konezny (55 yo)

9.4yrs

Tenure

US$8,680,638

Compensation

Mr. Ronald E. Konezny, also known as Ron, has been the Chief Executive Officer and President at Digi International Inc. since December 17, 2014. He served as Independent Director of Atlas Financial Holding...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald Konezny	President	9.4yrs	US$8.68m	1.18% $ 10.5m
James Loch	Executive VP	5yrs	US$2.59m	0.16% $ 1.5m
David Sampsell	Executive VP of Corporate Development	13.1yrs	US$1.71m	0.14% $ 1.2m
Terrence Schneider	Senior Vice President of Supply Chain Management	2.3yrs	US$882.12k	0.061% $ 539.6k
Brian Ballenger	Vice President of Finance & Accounting	5.3yrs	US$440.34k	no data
James Freeland	VP & Chief Information Officer	less than a year	no data	0.017% $ 146.7k
Steve Ericson	Senior VP & GM of OEM Solutions	2.3yrs	no data	no data
Justin Schmid	Senior VP & GM of Managed Solutions	2.3yrs	no data	no data
Gary Marks	Senior VP & GM of Opengear	2.3yrs	no data	no data
Brian Kirkendall	Senior VP & GM of Infrastructure Management	2.3yrs	no data	no data
Joel Vengco	SmartSense Healthcare Advisory Board Member	1.2yrs	no data	no data
Guy Yehiav	Senior Vice President of SmartSense by Digi	2.3yrs	no data	no data

2.3yrs

Average Tenure

55yo

Average Age

Experienced Management: DGI's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Konezny	President	9.4yrs	US$8.68m	1.18% $ 10.5m
Christopher Heim	Independent Director	6.3yrs	US$194.72k	0.14% $ 1.3m
James Langabeer	Chairman of Advisory Board	1.8yrs	no data	no data
Sally Smith	Independent Director	6.3yrs	US$187.14k	0.13% $ 1.2m
Satbir Khanuja	Independent Non-Executive Chairman of the Board	10.9yrs	US$223.06k	0.24% $ 2.1m
Spiro Lazarakis	Independent Director	8.8yrs	US$192.06k	0.19% $ 1.7m
Keith Perry	Member of Advisory Board	1.8yrs	no data	no data
Hatem Naguib	Independent Director	5.3yrs	US$178.14k	0.098% $ 865.3k
Richard McFee	Member of Advisory Board	1.8yrs	no data	no data
Summer Kerley	Member of Advisory Board	1.8yrs	no data	no data
Andy Draper	Member of Advisory Board	1.8yrs	no data	no data

5.3yrs

Average Tenure

57yo

Average Age

Experienced Board: DGI's board of directors are considered experienced (5.3 years average tenure).

Digi International Management

Management criteria checks 2/4

Key information

Recent management updates

Digi International Inc. Announces Resignation of Radha Chavali as Senior Vice President and Chief Information Officer, Effective January 5, 2024

Executive VP recently sold €223k worth of stock

Digi International Inc., Annual General Meeting, Jan 27, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

Digi International Announces Executive Appointments

Recent updates

Digi International Prevails in Patent Infringement Case

Digi International Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024

Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.17 in 2Q 2023)

Digi International Expands Monitoring Portfolio with Launch of Digi Connect Sensor XRT-M Powered by Digi Axess

Digi International Inc. to Report Q2, 2024 Results on May 01, 2024

Digi International Inc. Unveils the New Digi ConnectCore MP25 System-On-Module for Next-Gen Computer Vision Applications At Embedded World 2024

Digi International Unveils LifeCycle Assurance, Transforming Infrastructure Management with Proactive Support and Comprehensive Device Management

Digi International Launches Digi Ix40, A 5G Edge Computing Industrial IoT Cellular Solution Purpose-Built for Industry 4.0

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings released: US$0.085 loss per share (vs US$0.16 profit in 1Q 2023)

Digi International Inc. to Report Q1, 2024 Results on Jan 31, 2024

Digi International Inc. Announces Resignation of Radha Chavali as Senior Vice President and Chief Information Officer, Effective January 5, 2024

Full year 2023 earnings released: EPS: US$0.69 (vs US$0.55 in FY 2022)

Digi International Inc. Provides Revenue Guidance for the First Quarter of 2024

Digi International E Announces Market Availability of Digi SAFE™ At 2023 IACP Conference

Digi International Announces FIPS 140-2 Validation for Cryptographic Security on All Digi Accelerated Linux Based Solutions

Digi International Inc. to Report Q4, 2023 Results on Nov 09, 2023

New minor risk - Insider selling

Now 20% undervalued after recent price drop

Digi International Inc. Provides Earnings Guidance for the Fourth Fiscal Quarter and Full Year of 2023

Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.12 in 3Q 2022)

Digi International Inc. to Report Q3, 2023 Results on Aug 03, 2023

Digi International Introduces Bold New Features to Skycloud for Enhanced Industrial Monitoring and Control Solutions

Digi International Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.081 in 2Q 2022)

Now 22% undervalued after recent price drop

Executive VP recently sold €223k worth of stock

Digi International Expands Industry-Leading Portfolio of Connectivity Solutions for Private Cellular Networks, Supporting Transmission and Distribution for Utilities

First quarter 2023 earnings released: EPS: US$0.16 (vs US$0.034 in 1Q 2022)

Digi International Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2023

Digi International Launches Digi ConnectCore Services, Offering Software Foundation That Enables Manageability and Security of Digi ConnectCore Family of SOMs

Digi International Inc. Launches Digi Containers to Improve Development, Operation, and Management of Custom Applications on Digi Cellular Routers

Digi International Inc. to Report Q1, 2023 Results on Feb 02, 2023

Now 21% undervalued

Now 21% undervalued

Digi International Inc., Annual General Meeting, Jan 27, 2023

Full year 2022 earnings released: EPS: US$0.55 (vs US$0.32 in FY 2021)

High number of new and inexperienced directors

Full year 2022 earnings released: EPS: US$0.55 (vs US$0.32 in FY 2021)

Digi International Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of Fiscal 2023

Digi International Unveils Digi Xbee Rr Module and Rapid Redesign Services, Slashing Time-To-Market for Designers, Oems, and Solution Providers

Digi International Inc. to Report Q4, 2022 Results on Nov 10, 2022

SmartSense by Digi Forms Food Service Advisory Board to Amplify Customer Success

High number of new and inexperienced directors

Digi International Announces Executive Appointments

Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.093 in 3Q 2021)

Digi International Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2022

Digi International Inc. Announces Resignation of Tracy L. Roberts as Senior Vice President, Technology Services

Digi International Inc. to Report Q3, 2022 Results on Aug 04, 2022

Digi International Unveils Digi XBee LR Module for LoRaWAN Connectivity for IoT Deployments

Digi International Inc. Announces to Showcase New Solutions to Accelerate Time-To-Market for Remote Asset Monitoring and Control At Embedded World 2022

Digi International Inc. Introduces Digi XBee Intelligent Edge Controller Solution for Industrial Remote Asset Monitoring and Control

Insider recently sold €55k worth of stock

Second quarter 2022 earnings released: EPS: US$0.081 (vs US$0.095 in 2Q 2021)

Digi International Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Insufficient new directors

Digi International Inc. to Report Q2, 2022 Results on May 04, 2022

Insufficient new directors

President recently bought €91k worth of stock

President recently bought €91k worth of stock

Insufficient new directors

Digi International Appoints Guy Yehiav as President of SmartSense by Digi

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Digi International Inc. Provides Earnings Guidance for the Second Quarter of 2022

Digi International Announces Digi IX20 Cellular Router for 450 MHz, Joins 450 MHz Alliance

Digi International Unveils Connect EZ Family of Device Servers

Full year 2021 earnings released: EPS US$0.32 (vs US$0.29 in FY 2020)

Digi International Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2021

Third quarter 2021 earnings released: EPS US$0.093 (vs US$0.061 in 3Q 2020)