Applied Industrial Technologies Management

Management criteria checks 3/4

Applied Industrial Technologies' CEO is Neil Schrimsher, appointed in Oct 2011, has a tenure of 12.58 years. total yearly compensation is $6.36M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth $36.40M. The average tenure of the management team and the board of directors is 6.7 years and 6.8 years respectively.

Key information

Neil Schrimsher

Chief executive officer

US$6.4m

Total compensation

CEO salary percentage	14.9%
CEO tenure	12.6yrs
CEO ownership	0.5%
Management average tenure	6.7yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Neil Schrimsher's remuneration changed compared to Applied Industrial Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$374m
Dec 31 2023	n/a	n/a	US$374m
Sep 30 2023	n/a	n/a	US$364m
Jun 30 2023	US$6m	US$950k	US$347m
Mar 31 2023	n/a	n/a	US$334m
Dec 31 2022	n/a	n/a	US$305m
Sep 30 2022	n/a	n/a	US$281m
Jun 30 2022	US$6m	US$930k	US$257m
Mar 31 2022	n/a	n/a	US$238m
Dec 31 2021	n/a	n/a	US$225m
Sep 30 2021	n/a	n/a	US$163m
Jun 30 2021	US$6m	US$808k	US$145m
Mar 31 2021	n/a	n/a	US$116m
Dec 31 2020	n/a	n/a	-US$23m
Sep 30 2020	n/a	n/a	US$20m
Jun 30 2020	US$5m	US$864k	US$24m
Mar 31 2020	n/a	n/a	US$34m
Dec 31 2019	n/a	n/a	US$133m
Sep 30 2019	n/a	n/a	US$134m
Jun 30 2019	US$4m	US$900k	US$144m
Mar 31 2019	n/a	n/a	US$145m
Dec 31 2018	n/a	n/a	US$165m
Sep 30 2018	n/a	n/a	US$157m
Jun 30 2018	US$5m	US$875k	US$142m
Mar 31 2018	n/a	n/a	US$154m
Dec 31 2017	n/a	n/a	US$147m
Sep 30 2017	n/a	n/a	US$140m
Jun 30 2017	US$4m	US$845k	US$134m

Compensation vs Market: Neil's total compensation ($USD6.36M) is above average for companies of similar size in the UK market ($USD3.32M).

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

CEO

Neil Schrimsher (59 yo)

12.6yrs

Tenure

US$6,361,505

Compensation

Mr. Neil A. Schrimsher serves as the Chief Executive Officer of Applied Industrial Technologies, Inc. since October 25, 2011 and also serves as President since August 2013. Mr. Schrimsher's managerial expe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Neil Schrimsher	President	12.6yrs	US$6.36m	0.51% $ 36.4m
David Wells	VP, CFO	6.7yrs	US$1.79m	0.077% $ 5.4m
Kurt Loring	VP & Chief Human Resource Officer	9.8yrs	US$1.27m	0.055% $ 3.9m
Ryan Cieslak	Director of Investor Relations & Assistant Treasurer	5.2yrs	no data	no data
Jon Ploetz	VP, General Counsel & Secretary	1.2yrs	no data	no data
Julie Kho	Manager of Corporate Communications & Media Relations	no data	no data	no data
Joe Mangiapane	Managing Director of Australia & New Zealand	no data	no data	no data
Mike Allen	President of Applied Industrial Technologies	no data	no data	no data
Sergio Nevárez	President of Applied Mexico	no data	no data	no data

6.7yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0HGR's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Neil Schrimsher	President	12.6yrs	US$6.36m	0.51% $ 36.4m
Peter Wallace	Independent Chairman of the Board	18.6yrs	US$349.06k	0.064% $ 4.5m
Dan Komnenovich	Independent Director	11.8yrs	US$227.66k	0.067% $ 4.8m
Vincent Petrella	Independent Director	11.8yrs	US$247.66k	0.053% $ 3.8m
Robert Pagano	Independent Director	6.8yrs	US$227.66k	0.029% $ 2.0m
Joe Raver	Independent Director	6.8yrs	US$242.66k	0.032% $ 2.3m
Madhuri Andrews	Independent Director	4.8yrs	US$227.66k	0.020% $ 1.4m
Shelly Chadwick	Independent Director	1.8yrs	US$284.59k	0.0065% $ 461.2k
Mary Hall	Independent Director	4.8yrs	US$227.66k	0.015% $ 1.0m

6.8yrs

Average Tenure

60yo

Average Age

Experienced Board: 0HGR's board of directors are considered experienced (6.8 years average tenure).

Applied Industrial Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

VP & Chief Human Resource Officer recently sold US$900k worth of stock

President recently sold US$1.5m worth of stock

President recently sold US$4.6m worth of stock

Applied Industrial Technologies, Inc., Annual General Meeting, Oct 24, 2023

President recently sold US$215k worth of stock

Insufficient new directors

Recent updates

Third quarter dividend of US$0.37 announced

Now 24% undervalued

Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on May 31, 2024

Third quarter 2024 earnings released: EPS: US$2.51 (vs US$2.52 in 3Q 2023)

Applied Industrial Technologies, Inc. entered into an agreement to acquire Kopar, S.A. De C.V..

Applied Industrial Technologies, Inc. to Report Q3, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.37 per share at 0.8% yield

Second quarter dividend increased to US$0.37

Applied Industrial Technologies, Inc. Revises Earnings Guidance for the Fiscal Year 2024

Applied Industrial Technologies, Inc. Revises Earnings Guidance for the Fiscal Year 2024

Applied Industrial Technologies, Inc. to Report Q2, 2024 Results on Jan 25, 2024

VP & Chief Human Resource Officer recently sold US$900k worth of stock

Upcoming dividend of US$0.35 per share at 0.9% yield

Applied Industrial Technologies, Inc. Raises Earnings Guidance for the Fiscal Year of 2024

First quarter 2024 earnings released: EPS: US$2.42 (vs US$2.00 in 1Q 2023)

Applied Industrial Technologies, Inc. to Report Q1, 2024 Results on Oct 26, 2023

Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Bearing Distributors, Inc. And Cangro Industries, Inc.

President recently sold US$1.5m worth of stock

New minor risk - Insider selling

President recently sold US$4.6m worth of stock

Applied Industrial Technologies, Inc. Provides Earnings Guidance for the Fiscal 2024

Full year 2023 earnings released: EPS: US$8.99 (vs US$6.69 in FY 2022)

Upcoming dividend of US$0.35 per share at 1.0% yield

Applied Industrial Technologies, Inc., Annual General Meeting, Oct 24, 2023

President recently sold US$215k worth of stock

Upcoming dividend of US$0.35 per share at 1.1% yield

Insufficient new directors

Third quarter 2023 earnings released: EPS: US$2.52 (vs US$1.78 in 3Q 2022)

Upcoming dividend of US$0.35 per share at 1.0% yield

Applied Industrial Technologies, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$2.09 (vs US$1.48 in 2Q 2022)

Applied Industrial Technologies, Inc. to Report Q2, 2023 Results on Jan 26, 2023

Insufficient new directors

Insufficient new directors

Upcoming dividend of US$0.34 per share

VP, General Counsel & Secretary recently sold US$1.8m worth of stock

Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Automation, Inc.

Applied Industrial Technologies, Inc. Revises Earnings Guidance for the Fiscal Year 2023

First quarter 2023 earnings released: EPS: US$2.00 (vs US$1.38 in 1Q 2022)

Applied Industrial Technologies, Inc. to Report Q1, 2023 Results on Oct 27, 2022

Applied Industrial Technologies, Inc., Annual General Meeting, Oct 25, 2022

Insufficient new directors

VP & Chief Human Resource Officer recently sold US$805k worth of stock

Full year 2022 earnings released: EPS: US$6.69 (vs US$3.74 in FY 2021)

Applied Industrial Technologies, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Investor sentiment improved over the past week

Upcoming dividend of US$0.34 per share

Applied Industrial Technologies Announces New 2022 / 2023 Product Catalog

Applied Industrial Technologies, Inc. to Report Q4, 2022 Results on Aug 11, 2022

Applied Industrial Technologies Declares Quarterly Cash Dividend, Payable on August 31, 2022

Investor sentiment deteriorated over the past week

Now 24% undervalued

Corporate Controller recently sold US$449k worth of stock

President recently sold US$1.5m worth of stock

Now 21% undervalued

Upcoming dividend of US$0.34 per share

Third quarter 2022 earnings released: EPS: US$1.78 (vs US$1.44 in 3Q 2021)

Applied Industrial Technologies, Inc. to Report Q3, 2022 Results on Apr 28, 2022

Investor sentiment improved over the past week

Independent Director recently sold US$984k worth of stock

Upcoming dividend of US$0.34 per share

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

Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on February 28, 2022

VP & Chief Human Resource Officer recently sold US$712k worth of stock

Upcoming dividend of US$0.33 per share

First quarter 2022 earnings released: EPS US$1.38 (vs US$0.90 in 1Q 2021)

Applied Industrial Technologies, Inc. (NYSE:AIT) acquired R.R.Floody Company, Inc.

Full year 2021 earnings released: EPS US$3.74 (vs US$0.62 in FY 2020)

Applied Industrial Technologies, Inc.(NYSE:AIT) dropped from Russell 3000E Value Index