HEICO Management

Management criteria checks 2/4

HEICO's CEO is Laurans Mendelson, appointed in Feb 1990, has a tenure of 34.25 years. total yearly compensation is $15.45M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 2.86% of the company’s shares, worth $720.38M. The average tenure of the management team and the board of directors is 14.6 years and 16.5 years respectively.

Key information

Laurans Mendelson

Chief executive officer

US$15.4m

Total compensation

CEO salary percentage	8.6%
CEO tenure	34.3yrs
CEO ownership	2.9%
Management average tenure	14.6yrs
Board average tenure	16.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Laurans Mendelson's remuneration changed compared to HEICO's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	US$425m
Oct 31 2023	US$15m	US$1m	US$404m
Jul 31 2023	n/a	n/a	US$397m
Apr 30 2023	n/a	n/a	US$378m
Jan 31 2023	n/a	n/a	US$358m
Oct 31 2022	US$9m	US$1m	US$352m
Jul 31 2022	n/a	n/a	US$341m
Apr 30 2022	n/a	n/a	US$335m
Jan 31 2022	n/a	n/a	US$321m
Oct 31 2021	US$9m	US$1m	US$304m
Jul 31 2021	n/a	n/a	US$280m
Apr 30 2021	n/a	n/a	US$258m
Jan 31 2021	n/a	n/a	US$263m
Oct 31 2020	US$3m	US$1m	US$314m
Jul 31 2020	n/a	n/a	US$337m
Apr 30 2020	n/a	n/a	US$364m
Jan 31 2020	n/a	n/a	US$370m
Oct 31 2019	US$10m	US$1m	US$328m
Jul 31 2019	n/a	n/a	US$310m
Apr 30 2019	n/a	n/a	US$296m
Jan 31 2019	n/a	n/a	US$273m
Oct 31 2018	US$7m	US$1m	US$259m
Jul 31 2018	n/a	n/a	US$246m
Apr 30 2018	n/a	n/a	US$224m
Jan 31 2018	n/a	n/a	US$210m
Oct 31 2017	US$5m	US$1m	US$186m

Compensation vs Market: Laurans's total compensation ($USD15.45M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Laurans's compensation has increased by more than 20% in the past year.

CEO

Laurans Mendelson (85 yo)

34.3yrs

Tenure

US$15,447,501

Compensation

Mr. Laurans A. Mendelson has been the Chief Executive Officer of HEICO Corporation since February 1990. Mr. Mendelson served as the Chief Executive Officer and President at HEICO Aerospace Holdings Corp. H...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Laurans Mendelson	Chairman of the Board & CEO	34.3yrs	US$15.45m	2.86% $ 720.4m
Eric Mendelson	Co-President & Director	14.6yrs	US$14.57m	1.81% $ 457.2m
Victor Mendelson	Co-President & Director	14.6yrs	US$14.57m	1.84% $ 464.9m
Carlos Macau	Executive VP	11.9yrs	US$6.95m	0.064% $ 16.0m
Steven Walker	Chief Accounting Officer & Assistant Treasurer	11.9yrs	US$1.20m	0.027% $ 6.8m
Joseph Pallot	General Counsel	15.7yrs	US$102.66k	no data
Thomas Irwin	Senior Executive Vice President	32.7yrs	US$186.89k	0.029% $ 7.2m
Elizabeth Letendre	Corporate Secretary	no data	no data	no data

14.6yrs

Average Tenure

59yo

Average Age

Experienced Management: 0J46's management team is seasoned and experienced (14.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurans Mendelson	Chairman of the Board & CEO	35.3yrs	US$15.45m	2.86% $ 720.4m
Eric Mendelson	Co-President & Director	32.3yrs	US$14.57m	1.81% $ 457.2m
Victor Mendelson	Co-President & Director	28.3yrs	US$14.57m	1.84% $ 464.9m
Julie Neitzel	Independent Director	9.7yrs	US$265.94k	0.012% $ 3.0m
Adolfo Henriques	Independent Director	13.2yrs	US$263.54k	0.026% $ 6.4m
Alan Schriesheim	Independent Director	40.3yrs	US$318.37k	0.13% $ 33.6m
Thomas Culligan	Independent Director	9.7yrs	US$257.38k	0.012% $ 3.0m
Frank Schwitter	Independent Director	17.4yrs	US$260.60k	0.0011% $ 272.4k
Mark Hildebrandt	Independent Director	15.7yrs	US$325.43k	0.043% $ 10.8m
Carol Fine	Independent Director	1.4yrs	US$213.65k	0.0016% $ 408.6k

16.5yrs

Average Tenure

68yo

Average Age

Experienced Board: 0J46's board of directors are seasoned and experienced ( 16.5 years average tenure).

HEICO Management

Management criteria checks 2/4

Key information

Recent management updates

HEICO Corporation, Annual General Meeting, Mar 15, 2024

Chairman of the Board & CEO recently sold US$4.2m worth of stock

Independent Director recently bought US$71k worth of stock

Independent Director recently sold US$3.3m worth of stock

Independent Director recently sold US$2.5m worth of stock

Independent Director recently bought US$218k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.83 (vs US$0.68 in 1Q 2023)

HEICO Corporation to Report Q1, 2024 Results on Feb 26, 2024

Upcoming dividend of US$0.10 per share at 0.1% yield

Full year 2023 earnings released: EPS: US$2.94 (vs US$2.59 in FY 2022)

HEICO Corporation, Annual General Meeting, Mar 15, 2024

HEICO Corporation Declares Cash Dividend, Payable on January 19, 2024

HEICO Corporation to Report Q4, 2023 Results on Dec 18, 2023

Chairman of the Board & CEO recently sold US$4.2m worth of stock

Third quarter 2023 earnings released: EPS: US$0.74 (vs US$0.61 in 3Q 2022)

HEICO Corporation to Report Q3, 2023 Results on Aug 28, 2023

New minor risk - Shareholder dilution

HEICO Corporation (NYSE:HEI) completed the acquisition of Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management.

Upcoming dividend of US$0.10 per share at 0.1% yield

HEICO Corporation Declares Semi-Annual Cash Dividend, Payable on July 17, 2023

Independent Director recently bought US$71k worth of stock

Second quarter 2023 earnings released: EPS: US$0.77 (vs US$0.63 in 2Q 2022)

HEICO Corporation Provides Revenue Guidance for the Year 2023

HEICO Corporation (NYSE:HEI) entered into an agreement to acquire Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management for $2.1 billion.

HEICO Corporation (NYSE:HEI) entered into an agreement to acquire Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management for $2.1 billion.

HEICO Corporation to Report Q2, 2023 Results on May 22, 2023

Independent Director recently sold US$3.3m worth of stock

First quarter 2023 earnings released: EPS: US$0.68 (vs US$0.64 in 1Q 2022)

HEICO Corporation to Report Q1, 2023 Results on Feb 27, 2023

Independent Director recently sold US$2.5m worth of stock

Independent Director recently bought US$218k worth of stock

HEICO Corporation (NYSE:HEI) completed the acquisition of 94% stake in Exxelia International

Insufficient new directors

Upcoming dividend of US$0.10 per share

HEICO Corporation Elects Carol F. Fine to Board of Directors, Effective December 23, 2022

Full year 2022 earnings released: EPS: US$2.59 (vs US$2.25 in FY 2021)

HEICO Corporation, Annual General Meeting, Mar 17, 2023

HEICO Corporation to Report Q4, 2022 Results on Dec 19, 2022

Insufficient new directors

Independent Director recently sold US$870k worth of stock

HEICO Corporation (NYSE:HEI) acquired 80% stake in Ironwood Electronics, Inc.

Third quarter 2022 earnings released: EPS: US$0.61 (vs US$0.57 in 3Q 2021)

HEICO Corporation to Report Q3, 2022 Results on Aug 29, 2022

HEICO Corporation(NYSE:HEI.A) dropped from Russell 1000 Dynamic Index

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.52 in 2Q 2021)

HEICO Corporation to Report Q2, 2022 Results on May 23, 2022

Insufficient new directors

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

HEICO Corporation to Report Q1, 2022 Results on Feb 23, 2022

Independent Director recently sold US$740k worth of stock

Upcoming dividend of US$0.09 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$54k worth of stock

Co-President & Director recently bought US$104k worth of stock

Third quarter 2021 earnings released: EPS US$0.57 (vs US$0.40 in 3Q 2020)

HEICO Corporation (NYSE:HEI) acquired 80.1% stake in Operating Assets of Camtronics LLC.

Upcoming dividend of US$0.09 per share

Second quarter 2021 earnings released: EPS US$0.52 (vs US$0.56 in 2Q 2020)

HEICO Corporation Not to Provide Earnings Guidance for Fiscal 2021

HEICO Corporation to Report Q1, 2021 Results on Feb 23, 2021

HEICO Corporation, Annual General Meeting, Mar 19, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age