Littelfuse Management

Management criteria checks 3/4

Littelfuse's CEO is Dave Heinzmann, appointed in Jan 2017, has a tenure of 7.33 years. total yearly compensation is $6.64M, comprised of 15% salary and 85% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €8.52M. The average tenure of the management team and the board of directors is 6.3 years and 7.3 years respectively.

Key information

Dave Heinzmann

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage	15.0%
CEO tenure	7.3yrs
CEO ownership	0.2%
Management average tenure	6.3yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Heinzmann's remuneration changed compared to Littelfuse's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$219m
Dec 30 2023	US$7m	US$998k	US$259m
Sep 30 2023	n/a	n/a	US$310m
Jul 01 2023	n/a	n/a	US$328m
Apr 01 2023	n/a	n/a	US$345m
Dec 31 2022	US$7m	US$953k	US$373m
Oct 01 2022	n/a	n/a	US$332m
Jul 02 2022	n/a	n/a	US$349m
Apr 02 2022	n/a	n/a	US$344m
Jan 01 2022	US$6m	US$922k	US$284m
Sep 25 2021	n/a	n/a	US$291m
Jun 26 2021	n/a	n/a	US$254m
Mar 27 2021	n/a	n/a	US$163m
Dec 26 2020	US$4m	US$845k	US$130m
Sep 26 2020	n/a	n/a	US$94m
Jun 27 2020	n/a	n/a	US$74m
Mar 28 2020	n/a	n/a	US$127m
Dec 28 2019	US$4m	US$872k	US$139m
Sep 28 2019	n/a	n/a	US$149m
Jun 29 2019	n/a	n/a	US$167m
Mar 30 2019	n/a	n/a	US$166m
Dec 29 2018	n/a	n/a	US$165m
Sep 29 2018	n/a	n/a	US$121m
Jun 30 2018	n/a	n/a	US$110m
Mar 31 2018	n/a	n/a	US$117m
Dec 30 2017	US$5m	US$700k	US$120m

Compensation vs Market: Dave's total compensation ($USD6.64M) is above average for companies of similar size in the German market ($USD3.34M).

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

CEO

Dave Heinzmann (60 yo)

7.3yrs

Tenure

US$6,641,506

Compensation

Mr. David W. Heinzmann, also known as Dave, has been Chief Executive Officer and President of Littelfuse, Inc. since January 1, 2017. Mr. Heinzmann served as Chief Operating Officer of Littelfuse, Inc. fro...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Heinzmann	President	7.3yrs	US$6.64m	0.16% $ 8.5m
Meenal Sethna	Executive VP & CFO	8.2yrs	US$2.63m	0.062% $ 3.4m
Ryan Stafford	Executive VP of Mergers and Acquisitions	10.3yrs	US$2.47m	0.081% $ 4.4m
Maggie Chu	Senior VP & Chief Human Resources Officer	2.8yrs	US$1.28m	0.0060% $ 322.1k
Deepak Nayar	Senior VP & GM of Electronics Business	13.3yrs	US$1.79m	0.0022% $ 116.9k
Jeffrey Gorski	Senior VP	6.8yrs	no data	0.0051% $ 276.9k
David Kelley	Head of Investor Relations	less than a year	no data	no data
Matthew Cole	Senior Vice President of eMobility & Corporate Strategy	8.8yrs	US$1.01m	0.014% $ 762.8k
Alexander Conrad	Senior VP & GM of Passenger Vehicle Business	5.8yrs	no data	0.011% $ 599.0k
Eyal Altman	Senior VP and Chief Digital & Information Technology Officer	4.3yrs	no data	no data
Peter Kim	Senior VP & GM of Industrial Business	2.3yrs	no data	0.010% $ 544.1k
Dave Lesperance	Senior VP & GM of Commercial Vehicle Products	2.3yrs	no data	no data

6.3yrs

Average Tenure

54yo

Average Age

Experienced Management: LFS's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Heinzmann	President	7.3yrs	US$6.64m	0.16% $ 8.5m
William Noglows	Lead Independent Director	17.3yrs	US$270.99k	0.096% $ 5.2m
Tzau-Jin Chung	Independent Director	16.8yrs	US$265.99k	0.071% $ 3.8m
Anthony Grillo	Independent Director	32.4yrs	US$262.99k	0.22% $ 11.6m
Gayla Delly	Independent Director	less than a year	US$119.52k	no data
Gordon Hunter	Chairman of the Board	21.9yrs	US$325.99k	0.10% $ 5.4m
Maria Green	Independent Director	4.3yrs	US$250.99k	0.0055% $ 295.7k
Gregory Henderson	Independent Director	less than a year	US$218.01k	no data
Kristina Cerniglia	Independent Director	5.4yrs	US$250.99k	0.0071% $ 383.5k

7.3yrs

Average Tenure

63yo

Average Age

Experienced Board: LFS's board of directors are considered experienced (7.3 years average tenure).

Littelfuse Management

Management criteria checks 3/4

Key information

Recent management updates

Littelfuse, Inc. Announces Board and Committee Changes

Littelfuse, Inc., Annual General Meeting, Apr 25, 2024

Littelfuse, Inc. Appoints Gayla Delly to Board of Directors

Littelfuse, Inc. Appoints Greg Henderson to Board of Directors

Independent Director recently sold €412k worth of stock

Insider recently sold €69k worth of stock

Recent updates

Littelfuse, Inc. (NasdaqGS:LFUS) announces an Equity Buyback for $300 million worth of its shares.

First quarter 2024 earnings released: EPS: US$1.95 (vs US$3.58 in 1Q 2023)

Littelfuse, Inc. Announces Board and Committee Changes

Littelfuse, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Littelfuse, Inc., Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.65 per share at 1.1% yield

Fourth quarter dividend of US$0.65 announced

Full year 2023 earnings released: EPS: US$10.44 (vs US$15.09 in FY 2022)

Littelfuse, Inc. Announces Cash Dividend, Payable on March 7, 2024

Littelfuse, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Upcoming dividend of US$0.65 per share at 1.2% yield

Littelfuse, Inc. Provides Revenue Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: EPS: US$2.32 (vs US$3.05 in 3Q 2022)

Littelfuse, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Littelfuse, Inc. Appoints Gayla Delly to Board of Directors

Upcoming dividend of US$0.65 per share at 1.0% yield

Littelfuse, Inc. Approves Quarterly Cash Dividend, Payable on September 7, 2023

Now 20% undervalued

Second quarter 2023 earnings released: EPS: US$2.82 (vs US$3.52 in 2Q 2022)

Littelfuse, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million.

Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million.

Now 21% undervalued after recent price drop

Littelfuse, Inc. Appoints Greg Henderson to Board of Directors

Upcoming dividend of US$0.60 per share at 0.9% yield

Independent Director recently sold €412k worth of stock

Now 20% undervalued after recent price drop

Littelfuse, Inc. Provides Earnings Guidance for the Second Quarter of 2023

First quarter 2023 earnings released: EPS: US$3.58 (vs US$4.76 in 1Q 2022)

Upcoming dividend of US$0.60 per share at 0.9% yield

Littelfuse, Inc. (NasdaqGS:LFUS) acquired Western Automation Research & Development Limited.

Full year 2022 earnings released: EPS: US$15.09 (vs US$11.54 in FY 2021)

Littelfuse, Inc. Provides Earnings Guidance for the First Quarter of 2023

Littelfuse, Inc. to Report Q4, 2022 Results on Feb 01, 2023

Insider recently sold €69k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$3.05 (vs US$3.74 in 3Q 2021)

Littelfuse, Inc. to Pay Cash Dividend, Payable on December 8, 2022

Littelfuse, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Upcoming dividend of US$0.60 per share

Second quarter 2022 earnings released: EPS: US$3.52 (vs US$3.34 in 2Q 2021)

Littelfuse, Inc. Announces Cash Dividend on Common Stock, Payable on September 8, 2022

Littelfuse, Inc. announced that it has received $100 million in funding

Littelfuse, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$0.53 per share

Senior VP & GM of Electronics Business recently sold €316k worth of stock

Littelfuse, Inc. Announces Cash Dividend Payable on June 9, 2022

First quarter 2022 earnings released: EPS: US$4.76 (vs US$2.35 in 1Q 2021)

Insufficient new directors

Littelfuse, Inc. to Report Q1, 2022 Results on May 03, 2022

Littelfuse, Inc. (NasdaqGS:LFUS) acquired Embed Limited.

Littelfuse, Inc. (NasdaqGS:LFUS) entered into an agreement to acquire C&K Components, Inc. from Sun European Partners, LLP, Sun Capital Advisors, Inc. and Sun Capital Partners VI, L.P., a fund managed by Sun Capital Partners, Inc. for an enterprise value of $540 million.

Upcoming dividend of US$0.53 per share

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

Littelfuse Declares Cash Dividend Payable on March 10, 2022

Insufficient new directors

Upcoming dividend of US$0.53 per share

Insider recently sold €88k worth of stock

Third quarter 2021 earnings released: EPS US$3.74 (vs US$2.27 in 3Q 2020)

Upcoming dividend of US$0.53 per share

Insider recently sold €101k worth of stock

Second quarter 2021 earnings released: EPS US$3.34 (vs US$0.37 loss in 2Q 2020)

Director recently sold €8.4m worth of stock

Upcoming dividend of US$0.48 per share

Senior VP & GM of Electronics Business recently sold €305k worth of stock

First quarter 2021 earnings released: EPS US$2.35 (vs US$1.01 in 1Q 2020)

Littelfuse, Inc. Announces Cash Dividend, Payable on June 3, 2021

Lead Independent Director has left the company

Littelfuse, Inc., Annual General Meeting, Apr 22, 2021