CBIZ Management

Management criteria checks 3/4

CBIZ's CEO is Jerry Grisko, appointed in Feb 2000, has a tenure of 24.25 years. total yearly compensation is $5.21M, comprised of 18.2% salary and 81.8% bonuses, including company stock and options. directly owns 2.06% of the company’s shares, worth $73.52M. The average tenure of the management team and the board of directors is 7.7 years and 9.3 years respectively.

Key information

Jerry Grisko

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage	18.2%
CEO tenure	24.3yrs
CEO ownership	2.1%
Management average tenure	7.7yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jerry Grisko's remuneration changed compared to CBIZ's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$125m
Dec 31 2023	US$5m	US$950k	US$121m
Sep 30 2023	n/a	n/a	US$122m
Jun 30 2023	n/a	n/a	US$116m
Mar 31 2023	n/a	n/a	US$120m
Dec 31 2022	US$5m	US$944k	US$105m
Sep 30 2022	n/a	n/a	US$107m
Jun 30 2022	n/a	n/a	US$101m
Mar 31 2022	n/a	n/a	US$79m
Dec 31 2021	US$5m	US$905k	US$71m
Sep 30 2021	n/a	n/a	US$80m
Jun 30 2021	n/a	n/a	US$79m
Mar 31 2021	n/a	n/a	US$92m
Dec 31 2020	US$4m	US$884k	US$78m
Sep 30 2020	n/a	n/a	US$77m
Jun 30 2020	n/a	n/a	US$75m
Mar 31 2020	n/a	n/a	US$70m
Dec 31 2019	US$4m	US$866k	US$71m
Sep 30 2019	n/a	n/a	US$71m
Jun 30 2019	n/a	n/a	US$67m
Mar 31 2019	n/a	n/a	US$63m
Dec 31 2018	US$4m	US$791k	US$62m
Sep 30 2018	n/a	n/a	US$67m
Jun 30 2018	n/a	n/a	US$64m
Mar 31 2018	n/a	n/a	US$62m
Dec 31 2017	US$3m	US$715k	US$51m

Compensation vs Market: Jerry's total compensation ($USD5.21M) is above average for companies of similar size in the UK market ($USD2.59M).

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

CEO

Jerry Grisko (61 yo)

24.3yrs

Tenure

US$5,213,529

Compensation

Mr. Jerome P. Grisko, Jr., also known as Jerry, has been the President and Chief Executive Officer of CBIZ, Inc. (formerly, Century Business Services Inc.) at CBIZ HealthCare Solutions Group, Inc. since Fe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jerome Grisko	President	24.3yrs	US$5.21m	2.06% $ 73.5m
Ware Grove	Senior VP & CFO	23.4yrs	US$2.00m	0% $ 0
Chris Spurio	President of Financial Services Group	10.3yrs	US$2.37m	0% $ 0
Michael Kouzelos	President of Benefits & Insurance Services	9yrs	US$1.88m	0% $ 0
John Fleischer	Senior VP & Chief Information Officer	9.8yrs	no data	no data
Elizabeth Newman	Senior VP	1.4yrs	no data	no data
Jaileah Huddleston	Senior VP	less than a year	no data	no data
Matthew Morelli	Senior Vice President of Corporate Development	6.3yrs	no data	no data
Richard Mills	Chief Operating Officer of Financial Services	10.3yrs	US$889.52k	no data
John Cook	President of Employee Benefits Service Line - Benefits & Insurance Division	3.7yrs	no data	no data
Bob Batz	Senior Managing Director of Tampa Bay	1.7yrs	no data	no data
Steven Janssen	Managing Director of Tampa Bay & Florida	1.3yrs	no data	no data

7.7yrs

Average Tenure

59yo

Average Age

Experienced Management: 0HQI's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jerome Grisko	President	8.5yrs	US$5.21m	2.06% $ 73.5m
Rick Burdick	Independent Chairman	26.6yrs	US$350.12k	0.36% $ 12.7m
Rodney Young	Independent Director	1.3yrs	no data	0% $ 0
Richard Marabito	Independent Director	2.8yrs	US$239.24k	0.017% $ 608.5k
Benaree Wiley	Independent Director	16yrs	US$214.71k	0.10% $ 3.6m
Gina France	Independent Director	9.3yrs	US$232.87k	0.13% $ 4.7m
Todd Slotkin	Independent Director	20.7yrs	US$231.37k	0.094% $ 3.3m
Arthur Sherman	Independent Director	3.8yrs	US$229.87k	0.020% $ 696.9k
Michael DeGroote	Independent Director	17.5yrs	US$198.71k	0.49% $ 17.3m

9.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 0HQI's board of directors are considered experienced (9.3 years average tenure).

CBIZ Management

Management criteria checks 3/4

Key information

Recent management updates

CBIZ, Inc., Annual General Meeting, May 09, 2024

Senior VP & CFO recently sold US$403k worth of stock

CBIZ, Inc. Appoints Jaileah Huddleston as Chief Legal Officer and Corporate Secretary, Effective December 11, 2023

Independent Director recently sold US$406k worth of stock

Insider recently sold US$262k worth of stock

Insider recently sold US$750k worth of stock

Recent updates

Now 20% undervalued

First quarter 2024 earnings released: EPS: US$1.54 (vs US$1.45 in 1Q 2023)

CBIZ, Inc. Affirms Earnings Guidance for the Full Year 2024

CBIZ, Inc. to Report Q1, 2024 Results on Apr 25, 2024

CBIZ, Inc., Annual General Meeting, May 09, 2024

CBIZ, Inc. (NYSE:CBZ) completed the acquisition of CompuData, Inc.

Now 21% undervalued

Full year 2023 earnings released: EPS: US$2.39 (vs US$2.05 in FY 2022)

Cbiz, Inc. Provides Earnings Guidance for 2024

CBIZ, Inc. (NYSE:CBZ) acquired Erickson, Brown & Kloster, P.c.

CBIZ, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Now 20% undervalued

Senior VP & CFO recently sold US$403k worth of stock

CBIZ, Inc. Appoints Jaileah Huddleston as Chief Legal Officer and Corporate Secretary, Effective December 11, 2023

Cbiz, Inc. Provides Earnings Outlook for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.68 (vs US$0.53 in 3Q 2022)

CBIZ, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Independent Director recently sold US$406k worth of stock

CBIZ, Inc. Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.53 (vs US$0.60 in 2Q 2022)

CBIZ, Inc. to Report Q2, 2023 Results on Jul 27, 2023

CBIZ, Inc. (NYSE:CBZ) acquired American Pension Advisors, Ltd.

Insider recently sold US$262k worth of stock

CBIZ, Inc. acquired Pivot Point Security Inc.

Insider recently sold US$750k worth of stock

First quarter 2023 earnings released: EPS: US$1.45 (vs US$1.12 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2,011 (vs US$1.35 in FY 2021)

CBIZ, Inc. Promotes Steven Janssen to Managing Director of the Tampa Bay, Florida, office

CBIZ, Inc. Appoints Rodney A. Young as Independent Director

CBIZ, Inc. (NYSE:CBZ) acquired Non-Attest Assets of Somerset CPAs and Advisors.

CBIZ, Inc. to Report Q4, 2022 Results on Feb 16, 2023

CBIZ, Inc. Appoints Elizabeth Newman as Chief Administrative Officer and Chief Human Resources Officer

Independent Director recently sold US$1.0m worth of stock

CBIZ, Inc. Provides Earnings Guidance for the Fiscal Year 2022

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.41 in 3Q 2021)

CBIZ, Inc. to Report Q3, 2022 Results on Oct 27, 2022

CBIZ, Inc Promotes Bob Batz to Senior Managing Director

Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.16 in 2Q 2021)

CBIZ, Inc. Provides Earnings Guidance for the Year 2022

CBIZ, Inc. to Report Q2, 2022 Results on Jul 28, 2022

CBIZ, Inc. (NYSE:CBZ) acquired Stinnett & Associates LLC.

CBIZ, Inc.(NYSE:CBZ) dropped from Russell 2000 Value Index

Independent Director recently sold US$248k worth of stock

First quarter 2022 earnings released

CBIZ, Inc. to Report Q1, 2022 Results on Apr 28, 2022

CBIZ Announces Passing of Steven L. Gerard, Chairman and Rick L. Burdick to Lead the Board of Directors on an Interim Basis in a Non-Executive Capacity

CBIZ, Inc., Annual General Meeting, May 10, 2022

Independent Director recently bought US$97k worth of stock

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

CBIZ, Inc. Provides Earnings Guidance for the Full Year 2022

CBIZ, Inc. to Report Q4, 2021 Results on Feb 17, 2022

CBIZ, Inc. (NYSE:CBZ) acquired Weiss & Company.

CBIZ, Inc. (NYSE:CBZ) acquired The Non-attest Assets of Marks Paneth LLP.

Third quarter 2021 earnings released: EPS US$0.41 (vs US$0.37 in 3Q 2020)

Independent Director recently sold US$85k worth of stock

Insufficient new directors

CBIZ, Inc. Announces Agreement to Settle with University of Pittsburgh Medical Center and Upmc Altoona V. Cbiz, Inc., Cbiz Benefits & Insurance Services, Inc., and Jon S. Ketzner Lawsuit

CBIZ, Inc.(NYSE:CBZ) dropped from Russell 3000 Growth Index

AmWINS Group, Inc. acquired M.T. Donahoe and Associates, Inc. from CBIZ, Inc. (NYSE:CBZ).

CBIZ, Inc. (NYSE: CBZ) acquired Schramm Health Partners, LLC.

Independent Director recently sold US$205k worth of stock

Independent Director recently sold US$68k worth of stock

First quarter 2021 earnings released: EPS US$0.94 (vs US$0.68 in 1Q 2020)

First quarter 2021 earnings released: EPS US$0.94 (vs US$0.68 in 1Q 2020)

CBIZ, Inc. Provides Earnings Guidance for the Full-Year 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$1.44 (vs US$1.31 in FY 2019)

Revenue beats expectations

CBIZ, Inc. to Report Q4, 2020 Results on Feb 18, 2021