Mips Management

Management criteria checks 4/4

Mips' CEO is Max Strandwitz, appointed in May 2019, has a tenure of 4.83 years. total yearly compensation is SEK6.57M, comprised of 64.4% salary and 35.6% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth SEK23.17M. The average tenure of the management team and the board of directors is 4.1 years and 4.5 years respectively.

Key information

Max Strandwitz

Chief executive officer

kr6.6m

Total compensation

CEO salary percentage	64.4%
CEO tenure	4.8yrs
CEO ownership	0.3%
Management average tenure	4.1yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Max Strandwitz's remuneration changed compared to Mips's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr64m
Sep 30 2023	n/a	n/a	kr67m
Jun 30 2023	n/a	n/a	kr82m
Mar 31 2023	n/a	n/a	kr141m
Dec 31 2022	kr7m	kr4m	kr175m
Sep 30 2022	n/a	n/a	kr235m
Jun 30 2022	n/a	n/a	kr295m
Mar 31 2022	n/a	n/a	kr271m
Dec 31 2021	kr8m	kr4m	kr255m
Sep 30 2021	n/a	n/a	kr235m
Jun 30 2021	n/a	n/a	kr188m
Mar 31 2021	n/a	n/a	kr149m
Dec 31 2020	kr4m	kr3m	kr129m
Sep 30 2020	n/a	n/a	kr100m
Jun 30 2020	n/a	n/a	kr74m
Mar 31 2020	n/a	n/a	kr87m
Dec 31 2019	kr5m	kr2m	kr85m

Compensation vs Market: Max's total compensation ($USD642.56K) is below average for companies of similar size in the UK market ($USD1.38M).

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

CEO

Max Strandwitz (48 yo)

4.8yrs

Tenure

kr6,571,000

Compensation

Mr. Max Strandwitz has been Chief Executive Officer of MIPS AB (publ) since May 10, 2019 and also serves as its President. Mr. Strandwitz served as Chief Financial Officer of Operations at Cloetta AB and F...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Max Strandwitz	CEO & President	4.8yrs	kr6.57m	0.29% SEK 23.2m
Karin Rosenthal	Chief Financial Officer	3.4yrs	no data	0.048% SEK 3.8m
Cedric Marmeys	Chief of Operations	1.2yrs	no data	no data
Johan Hedlund	Acting CTO & Head of Product Development	2.2yrs	no data	0.0046% SEK 365.9k
Fredrik Jellberg	Chief Marketing Officer	5.2yrs	no data	0.14% SEK 10.8m
Johan Thiel	Advisor	4.8yrs	kr5.69m	no data

4.1yrs

Average Tenure

47.5yo

Average Age

Experienced Management: MIPSS's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Maria Hedengren	Independent Director	1.8yrs	kr230.00k	0.0015% SEK 118.8k
Jenny Rosberg	Independent Director	6.2yrs	kr382.00k	0.0060% SEK 475.2k
Magnus Welander	Independent Chairman of the Board	8.2yrs	kr608.00k	0.19% SEK 15.0m
Jonas Rahmn	Independent Board Member	12.2yrs	kr278.00k	0.13% SEK 9.9m
Anna Hallov	Independent Director	1.8yrs	kr183.00k	0.0023% SEK 177.8k
Thomas Brautigam	Independent Director	2.8yrs	kr275.00k	0.040% SEK 3.1m

4.5yrs

Average Tenure

56yo

Average Age

Experienced Board: MIPSS's board of directors are considered experienced (4.5 years average tenure).

Mips Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently bought kr367k worth of stock

CEO & President recently sold kr14m worth of stock

Director recently bought kr98k worth of stock

Independent Director recently bought kr1.8m worth of stock

Independent Director recently bought kr500k worth of stock

Pernilla Wiberg Do Not Stand for Re-Election as Director of MIPS AB (publ)

Recent updates

Mips AB (Publ) Approves Dividend, Payable on May 15, 2024

Mips AB (Publ) Proposes Dividend, Payable on 15 May 2024

Insider recently bought kr367k worth of stock

CEO & President recently sold kr14m worth of stock

Mips AB (publ) to Report Nine Months, 2024 Results on Oct 24, 2024

Mips AB (publ) to Report First Half, 2024 Results on Jul 18, 2024

Upcoming dividend of kr5.50 per share at 1.0% yield

First quarter 2023 earnings released: EPS: kr0.54 (vs kr1.83 in 1Q 2022)

Full year 2022 earnings released: EPS: kr6.68 (vs kr9.74 in FY 2021)

Director recently bought kr98k worth of stock

Investor sentiment improves as stock rises 19%

Mips AB (publ) to Report Fiscal Year 2023 Results on Feb 08, 2024

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: kr1.10 (vs kr3.38 in 3Q 2021)

Third quarter 2022 earnings released: EPS: kr1.10 (vs kr3.38 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

MIPS AB (publ) to Report Nine Months, 2023 Results on Oct 26, 2023

MIPS AB (publ) to Report Fiscal Year 2022 Results on Mar 23, 2023

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: kr3.04 (vs kr2.10 in 2Q 2021)

MIPS AB (publ) to Report Fiscal Year 2022 Results on Feb 09, 2023

Investor sentiment deteriorated over the past week

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Independent Director recently bought kr1.8m worth of stock

First quarter 2022 earnings released: EPS: kr1.83 (vs kr1.23 in 1Q 2021)

Investor sentiment deteriorated over the past week

MIPS AB (publ) Proposes Dividend, Payable on May 12, 2022

Full year 2021 earnings released: EPS: kr9.74 (vs kr4.96 in FY 2020)

Independent Director recently bought kr500k worth of stock

Pernilla Wiberg Do Not Stand for Re-Election as Director of MIPS AB (publ)

CEO & President recently bought kr1.1m worth of stock

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

MIPS AB (publ) to Report Fiscal Year 2021 Results on Feb 10, 2022

MIPS AB (Publ) Proposes Dividend, Payable on 14 May 2021

First quarter 2021 earnings released: EPS kr1.23 (vs kr0.47 in 1Q 2020)

Upcoming dividend of kr3.50 per share

Full year 2020 earnings released: EPS kr4.96 (vs kr3.36 in FY 2019)

Full year 2020 earnings released: EPS kr4.96 (vs kr3.35 in FY 2019)

Revenue beats expectations

New 90-day high: kr585

New 90-day high: kr464

MIPS AB (publ) to Report Q1, 2021 Results on Apr 29, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age