Record Management

Management criteria checks 2/4

Record's CEO is Jan Hendrik Witte, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is £682.88K, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.73% of the company’s shares, worth £888.71K. The average tenure of the management team and the board of directors is 3.6 years and 0.8 years respectively.

Key information

Jan Hendrik Witte

Chief executive officer

UK£682.9k

Total compensation

CEO salary percentage	17.7%
CEO tenure	less than a year
CEO ownership	0.7%
Management average tenure	3.6yrs
Board average tenure	less than a year

Recent management updates

Recent updates

Record (LON:REC) Has Announced That It Will Be Increasing Its Dividend To UK£0.027

Jun 24

Here's Why I Think Record (LON:REC) Is An Interesting Stock

Apr 23

Do Record's (LON:REC) Earnings Warrant Your Attention?

Dec 23

Record (LON:REC) Is Paying Out A Larger Dividend Than Last Year

Nov 25

Key Things To Consider Before Buying Record plc (LON:REC) For Its Dividend

Mar 03

Don't Ignore The Fact That This Insider Just Sold Some Shares In Record plc (LON:REC)

Feb 09

What Type Of Shareholders Make Up Record plc's (LON:REC) Share Registry?

Feb 02

Who Has Been Selling Record plc (LON:REC) Shares?

Jan 11

Record (LON:REC) Has Gifted Shareholders With A Fantastic 150% Total Return On Their Investment

Dec 21

Three Days Left Until Record plc (LON:REC) Trades Ex-Dividend

Nov 29

Should You Or Shouldn't You: A Dividend Analysis on Record plc (LON:REC)

Nov 24

CEO Compensation Analysis

How has Jan Hendrik Witte's remuneration changed compared to Record's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	UK£10m
Jun 30 2024	n/a	n/a	UK£9m
Mar 31 2024	UK£683k	UK£121k	UK£9m

Compensation vs Market: Jan Hendrik's total compensation ($USD856.59K) is about average for companies of similar size in the UK market ($USD739.97K).

Compensation vs Earnings: Insufficient data to compare Jan Hendrik's compensation with company performance.

CEO

Jan Hendrik Witte (40 yo)

less than a year

Tenure

UK£682,876

Compensation

Dr. Jan Hendrik Josef Witte is Global Head of Sales at Record Plc and is its Executive Director since January 1, 2024 and served as its Head of Quantitative Research since August 17, 2016. Mr. Witte was a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jan Hendrik Witte	CEO & Executive Director	less than a year	UK£682.88k	0.73% £ 888.7k
Richard Heading	CFO & Executive Director	less than a year	no data	no data
Joel Sleigh	Chief Operating Officer	11.7yrs	no data	no data
Dmitri Tikhonov	Chief Investment Officer	no data	no data	0.017% £ 20.9k
Grady Laurie	Head of Compliance	no data	no data	no data
Kevin Ayles	Head of HR	3.6yrs	no data	0.61% £ 738.6k
Andrey Rumyantsev	Head of Risk Management Solutions	no data	no data	no data
Andrew Bloomfield	Head of Macro Research	3.8yrs	no data	no data
James Mackenzie-Smith	Chief Risk Officer	no data	no data	no data
James Nisbet	Head of Enhanced Passive Headging & Rates	no data	no data	no data

3.6yrs

Average Tenure

51yo

Average Age

Experienced Management: REC's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jan Hendrik Witte	CEO & Executive Director	less than a year	UK£682.88k	0.73% £ 888.7k
Richard Heading	CFO & Executive Director	less than a year	no data	no data
Kevin Ayles	Head of HR	less than a year	no data	0.61% £ 738.6k
David Morrison	Independent Non-Executive Chairman	1.7yrs	UK£120.00k	0.21% £ 249.2k
Matthew Hotson	Independent Non-Executive Director	3.3yrs	UK£52.50k	no data
Krystyna Nowak	Senior Independent Non-Executive Director	3.2yrs	UK£52.50k	0.026% £ 31.5k
Othman Boukrami	Non-Executive Director	less than a year	no data	no data

0.8yrs

Average Tenure

53yo

Average Age

Experienced Board: REC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.

Record Management

Management criteria checks 2/4

Key information

Recent management updates

Head of HR exercised options to buy UK£67k worth of stock.

Insider recently sold UK£64k worth of stock

Independent Non-Executive Chairman recently bought UK£250k worth of stock

Less than half of directors are independent

High number of new and inexperienced directors

Record plc Announces Board and Committee Changes

Recent updates

First half dividend of UK£0.021 announced

Record plc Maintains Interim Dividend for the First of 2025

New minor risk - Insider selling

Head of HR exercised options to buy UK£67k worth of stock.

Insider recently sold UK£64k worth of stock

Record plc Declares Final Dividend Declares Final Dividend

Consensus EPS estimates fall by 18%

Independent Non-Executive Chairman recently bought UK£250k worth of stock

Less than half of directors are independent

Record (LON:REC) Is Paying Out A Dividend Of £0.0305

Final dividend of UK£0.03 announced

Full year 2024 earnings: EPS misses analyst expectations

Record plc Recommends Final Ordinary Dividend for the Year Ended 31 March 2024, Payable on 2 August 2024

High number of new and inexperienced directors

Record plc Announces Board and Committee Changes

Now 21% undervalued after recent price drop

New minor risk - Financial data availability

Now 20% undervalued after recent price drop

Record plc Announces Board Changes

Record plc to Report Fiscal Year 2024 Results on Jun 28, 2024

Record plc Announces CFO Change

Upcoming dividend of UK£0.021 per share at 7.8% yield

First half 2024 earnings released: EPS: UK£0.025 (vs UK£0.033 in 1H 2023)

Record plc to Report First Half, 2024 Results on Nov 17, 2023

Record plc Announces Interim Dividend for the Half Year Ended 30 September 2023, Payable on 22 December 2023

New major risk - Revenue and earnings growth

Insider exercised options to buy UK£106k worth of stock.

Chief Technology Officer recently sold UK£120k worth of stock

Record plc Approves to Declare a Final Dividend

Upcoming dividend of UK£0.031 per share at 6.0% yield

Record plc, Annual General Meeting, Jul 27, 2023

Full year 2023 earnings: EPS misses analyst expectations

Non-Executive Chairman recently sold UK£1.8m worth of stock

Consensus EPS estimates increase by 17%

Less than half of directors are independent

Record plc to Report Fiscal Year 2023 Results on Jun 16, 2023

Record (LON:REC) Is Paying Out A Larger Dividend Than Last Year

First half 2023 earnings released

Here's Why We Think Record (LON:REC) Is Well Worth Watching

Record plc Declares Interim Dividend for the Six-Month Period Ended 30 September 2022, Payable on 30 December 2022

Price target increased to UK£1.25

Insider exercised options to buy UK£81k worth of stock.

Record plc Declares Final Dividend

Consensus EPS estimates increase by 11%

Record (LON:REC) Has Announced That It Will Be Increasing Its Dividend To UK£0.027

Price target increased to UK£1.15

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Record plc Is Recommends Final Dividend for the Full-Year 2022, Payable on 9 August 2022

Less than half of directors are independent

Here's Why I Think Record (LON:REC) Is An Interesting Stock

Record plc Announces New Liquid Municipal Loan Fund Launch

Do Record's (LON:REC) Earnings Warrant Your Attention?

First half 2022 earnings: EPS exceeds analyst expectations

Record (LON:REC) Is Paying Out A Larger Dividend Than Last Year

Insider exercised options to buy UK£105k worth of stock.

Independent Non-Executive Director Rosemary Hilary has left the company

Senior Independent Director Rosina Tufnell has left the company

Upcoming dividend of UK£0.016 per share

Full year 2021 earnings released: EPS UK£0.028 (vs UK£0.033 in FY 2020)

Key Things To Consider Before Buying Record plc (LON:REC) For Its Dividend

Chief Investment Officer recently sold UK£735k worth of stock

Don't Ignore The Fact That This Insider Just Sold Some Shares In Record plc (LON:REC)

New 90-day high: UK£0.55

Price target raised to UK£0.65

Bob Noyen to Step Down from the Board of Record plc

Price target raised to UK£0.65

What Type Of Shareholders Make Up Record plc's (LON:REC) Share Registry?

New 90-day high: UK£0.49

Record plc to Report Fiscal Year 2021 Results on Jun 17, 2021