Medifast Management

Management criteria checks 3/4

Medifast's CEO is Dan Chard, appointed in Oct 2016, has a tenure of 7.58 years. total yearly compensation is $7.04M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 1.38% of the company’s shares, worth $3.89M. The average tenure of the management team and the board of directors is 4.2 years and 7.6 years respectively.

Key information

Dan Chard

Chief executive officer

US$7.0m

Total compensation

CEO salary percentage	14.2%
CEO tenure	7.6yrs
CEO ownership	1.4%
Management average tenure	4.2yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Chard's remuneration changed compared to Medifast's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$68m
Dec 31 2023	US$7m	US$1m	US$99m
Sep 30 2023	n/a	n/a	US$120m
Jun 30 2023	n/a	n/a	US$133m
Mar 31 2023	n/a	n/a	US$142m
Dec 31 2022	US$6m	US$981k	US$144m
Sep 30 2022	n/a	n/a	US$151m
Jun 30 2022	n/a	n/a	US$157m
Mar 31 2022	n/a	n/a	US$165m
Dec 31 2021	US$7m	US$914k	US$164m
Sep 30 2021	n/a	n/a	US$158m
Jun 30 2021	n/a	n/a	US$150m
Mar 31 2021	n/a	n/a	US$125m
Dec 31 2020	US$6m	US$909k	US$103m
Sep 30 2020	n/a	n/a	US$95m
Jun 30 2020	n/a	n/a	US$76m
Mar 31 2020	n/a	n/a	US$76m
Dec 31 2019	US$5m	US$843k	US$78m
Sep 30 2019	n/a	n/a	US$74m
Jun 30 2019	n/a	n/a	US$72m
Mar 31 2019	n/a	n/a	US$64m
Dec 31 2018	US$2m	US$675k	US$56m
Sep 30 2018	n/a	n/a	US$47m
Jun 30 2018	n/a	n/a	US$40m
Mar 31 2018	n/a	n/a	US$34m
Dec 31 2017	US$2m	US$650k	US$28m

Compensation vs Market: Dan's total compensation ($USD7.04M) is above average for companies of similar size in the UK market ($USD784.60K).

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

CEO

Dan Chard (58 yo)

7.6yrs

Tenure

US$7,039,062

Compensation

Mr. Daniel R. Chard, also known as Dan, has been Chief Executive Officer of Medifast, Inc. since October 3, 2016 and Director since October 3, 2016 and also serves as its Executive Chairman since December...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Chard	Executive Chairman & CEO	7.6yrs	US$7.04m	1.38% $ 3.9m
James Maloney	Chief Financial Officer	3.8yrs	US$2.01m	0.068% $ 191.2k
Anthony Tyree	Chief Business Operations Officer	2.3yrs	US$1.61m	0.073% $ 205.3k
Jason Groves	Executive VP	12.5yrs	US$1.63m	0.073% $ 204.5k
Nicholas Johnson	Chief Field Operations Officer	5.3yrs	US$1.70m	0.061% $ 171.4k
Jonathan MacKenzie	VP of Finance & Chief Accounting Officer	2.7yrs	no data	0.0049% $ 13.8k
Steven Zenker	Vice President of Investor Relations	1.2yrs	no data	no data
Claudia Greninger	Chief Human Resources Officer	4.6yrs	no data	no data

4.2yrs

Average Tenure

52yo

Average Age

Experienced Management: 0K05's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Chard	Executive Chairman & CEO	7.6yrs	US$7.04m	1.38% $ 3.9m
Jeffrey Brown	Lead Independent Director	8.9yrs	US$263.42k	0.062% $ 175.2k
George Bray	Member of Scientific Advisory Board	no data	no data	no data
Michael Hoer	Independent Director	5.9yrs	US$249.72k	0.049% $ 136.9k
Andrea Thomas	Independent Director	4.9yrs	US$249.72k	0.029% $ 81.7k
John Foreyt	Member of Scientific Advisory Board	no data	no data	no data
Ming Xian	Independent Director	5.9yrs	US$219.61k	no data
Lawrence Cheskin	Chairman of Scientific Advisory Board	15.5yrs	no data	no data
Sylvia Rowe	Member of Scientific Advisory Board	no data	no data	no data
Scott Schlackman	Independent Director	8.9yrs	US$252.44k	0.043% $ 120.7k
John Hayes	Member of Scientific Advisory Board	no data	no data	no data
Mark Messina	Member of Scientific Advisory Board	no data	no data	no data

7.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 0K05's board of directors are considered experienced (7.6 years average tenure).

Medifast Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold US$109k worth of stock

Medifast, Inc., Annual General Meeting, Jun 14, 2023

Insufficient new directors

Lead Independent Director recently bought US$499k worth of stock

Medifast Announces New Scientific Advisory Board Appointments

Executive Chairman & CEO recently bought US$79k worth of stock

Recent updates

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: US$0.76 (vs US$3.68 in 1Q 2023)

Now 22% overvalued

Medifast, Inc. Provides Earnings Guidance for the Second Quarter of 2024

Medifast, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Investor sentiment deteriorates as stock falls 16%

Independent Director recently sold US$109k worth of stock

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$9.13 (vs US$12.82 in FY 2022)

Medifast Provides Earnings Guidance for the First Quarter of 2024

Medifast, Inc. to Report Q4, 2023 Results on Feb 20, 2024

Investor sentiment deteriorates as stock falls 16%

New minor risk - Share price stability

Now 20% undervalued after recent price drop

Medifast, Inc. Provides Earnings Guidance for the Full Year 2023

New minor risk - Insider selling

Medifast, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Medifast, Inc. Announces Optavia Active Now Available

Medifast, Inc. Declares Quarterly Cash Dividend, Payable on November 7, 2023

Medifast, Inc. Provides Earnings Guidance for the Third Quarter 2023

Second quarter 2023 earnings released: EPS: US$2.78 (vs US$3.45 in 2Q 2022)

Medifast Unveils New Product Line, Optavia Active

Medifast, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Medifast, Inc. Declares Quarterly Cash Dividend, Payable on August 8, 2023

Medifast, Inc., Annual General Meeting, Jun 14, 2023

First quarter 2023 earnings released: EPS: US$3.68 (vs US$3.62 in 1Q 2022)

Now 26% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$12.82 (vs US$14.01 in FY 2021)

Medifast, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$1.64 per share

Medifast, Inc. Announces Quarterly Dividend, Payable on February 7, 2023

Insufficient new directors

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$3.30 (vs US$3.59 in 3Q 2021)

Medifast, Inc. Revises Earnings Guidance for the Year 2022

Medifast, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$1.64 per share

Medifast Announces Quarterly Dividend, Payable on November 8, 2022

Now 20% undervalued after recent price drop

Lead Independent Director recently bought US$499k worth of stock

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$3.45 (vs US$4.00 in 2Q 2021)

Medifast, Inc. Revises Earnings Guidance for the Full-Year of 2022

Medifast Announces New Scientific Advisory Board Appointments

Medifast, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Medifast, Inc.(NYSE:MED) dropped from Russell 2000 Dynamic Index

Upcoming dividend of US$1.64 per share

Medifast, Inc. Announces Quarterly Dividend, Payable on August 8, 2022

Executive Chairman & CEO recently bought US$79k worth of stock

First quarter 2022 earnings released

Medifast, Inc. Revises Earnings Guidance for the Full-Year of 2022

Insufficient new directors

Medifast, Inc., Annual General Meeting, Jun 15, 2022

Medifast, Inc. to Report Q1, 2022 Results on May 02, 2022

Insider recently sold US$200k worth of stock

Medifast, Inc. Provides Earnings Guidance for the Full-Year 2022

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

Medifast, Inc. to Report Q4, 2021 Results on Feb 23, 2022

Upcoming dividend of US$1.42 per share

Insufficient new directors

Third quarter 2021 earnings released: EPS US$3.59 (vs US$2.93 in 3Q 2020)

Independent Director recently sold US$149k worth of stock

VP of Finance & Chief Accounting Officer Stephen Johnson has left the company

Medifast, Inc. Provides Earnings Guidance for 2021

Second quarter 2021 earnings released: EPS US$4.00 (vs US$1.86 in 2Q 2020)

Upcoming dividend of US$1.42 per share

Independent Director recently sold US$310k worth of stock