Rambus Management

Management criteria checks 3/4

Rambus' CEO is Luc Seraphin, appointed in Jun 2018, has a tenure of 5.92 years. total yearly compensation is $8.42M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth $14.63M. The average tenure of the management team and the board of directors is 3.8 years and 5.6 years respectively.

Key information

Luc Seraphin

Chief executive officer

US$8.4m

Total compensation

CEO salary percentage	7.4%
CEO tenure	5.9yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Luc Seraphin's remuneration changed compared to Rambus's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$364m
Dec 31 2023	US$8m	US$625k	US$334m
Sep 30 2023	n/a	n/a	US$291m
Jun 30 2023	n/a	n/a	US$189m
Mar 31 2023	n/a	n/a	US$55m
Dec 31 2022	US$7m	US$598k	-US$14m
Sep 30 2022	n/a	n/a	-US$24m
Jun 30 2022	n/a	n/a	-US$21m
Mar 31 2022	n/a	n/a	-US$45m
Dec 31 2021	US$6m	US$575k	US$18m
Sep 30 2021	n/a	n/a	US$174k
Jun 30 2021	n/a	n/a	-US$16m
Mar 31 2021	n/a	n/a	-US$37m
Dec 31 2020	US$5m	US$573k	-US$40m
Sep 30 2020	n/a	n/a	-US$33m
Jun 30 2020	n/a	n/a	-US$38m
Mar 31 2020	n/a	n/a	-US$66m
Dec 31 2019	US$4m	US$550k	-US$86m
Sep 30 2019	n/a	n/a	-US$83m
Jun 30 2019	n/a	n/a	-US$170m
Mar 31 2019	n/a	n/a	-US$149m
Dec 31 2018	US$2m	US$393k	-US$158m

Compensation vs Market: Luc's total compensation ($USD8.42M) is above average for companies of similar size in the UK market ($USD3.33M).

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

CEO

Luc Seraphin (59 yo)

5.9yrs

Tenure

US$8,423,593

Compensation

Mr. Luc Seraphin has been the Chief Executive Officer, President and Director of Rambus Inc since October 25, 2018. He was Interim Chief Executive Officer and Acting General Manager of Memory & Interface D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Luc Seraphin	CEO, President & Director	5.9yrs	US$8.42m	0.24% $ 14.6m
Desmond Lynch	Senior VP of Finance & CFO	1.8yrs	US$2.68m	0.0059% $ 356.0k
Xianzhi Fan	Senior VP & COO	4.8yrs	US$4.86m	0.10% $ 6.2m
John Shinn	Senior VP	3.3yrs	US$1.57m	0.0023% $ 137.2k
John Allen	VP of Accounting & Chief Accounting Office	less than a year	no data	0.0013% $ 78.6k
Kit Rodgers	Senior Vice President of Technology Partnerships & Corporate Development	5.9yrs	no data	no data
Cliff Burnette	Senior VP & Chief Human Resources Officer	4.3yrs	no data	no data
Jeffry Moore	Senior Vice President of Global Operations	no data	no data	no data
Tina Faris	VP, Chief of Staff & Deputy General Counsel	2.3yrs	no data	no data
Steven Woo	Fellow & Distinguished Inventor	no data	no data	no data

3.8yrs

Average Tenure

57yo

Average Age

Experienced Management: 0QYL's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Luc Seraphin	CEO, President & Director	5.6yrs	US$8.42m	0.24% $ 14.6m
Charles Kissner	Independent Chairman of the Board	11.8yrs	US$294.95k	0.043% $ 2.6m
Steven Laub	Independent Director	2.1yrs	US$196.32k	0.0038% $ 228.5k
Eric Stang	Independent Director	15.8yrs	US$239.97k	0.035% $ 2.1m
Emiko Higashi	Independent Director	7yrs	US$237.47k	0.050% $ 3.0m
Necip Sayiner	Independent Director	4.6yrs	US$252.45k	0.037% $ 2.2m
Meera Rao	Independent Director	4.8yrs	US$257.45k	0.026% $ 1.6m

5.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 0QYL's board of directors are considered experienced (5.6 years average tenure).

Rambus Management

Management criteria checks 3/4

Key information

Recent management updates

Rambus Inc., Annual General Meeting, Apr 25, 2024

Independent Director recently sold US$480k worth of stock

Senior VP & COO recently sold US$952k worth of stock

Independent Director recently sold US$455k worth of stock

Rambus Inc. Appoints John Allen as Chief Accounting Officer

Insufficient new directors

Recent updates

Rambus Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024

First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.03 in 1Q 2023)

Rambus Expands Chipset for Advanced Data Center Memory Modules with Ddr5 Server PMICs

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

Rambus Inc., Annual General Meeting, Apr 25, 2024

Investor sentiment improves as stock rises 16%

New major risk - Earnings quality

Now 22% overvalued

Investor sentiment deteriorates as stock falls 15%

Now 24% overvalued

New minor risk - Share price stability

Full year 2023 earnings released: EPS: US$3.09 (vs US$0.13 loss in FY 2022)

Rambus Inc. to Report Q4, 2023 Results on Feb 05, 2024

Rambus Advances Data Center Server Performance with Industry-First Gen4 DDR5 RCD

Independent Director recently sold US$480k worth of stock

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.95 (vs US$0.009 in 3Q 2022)

New major risk - Revenue and earnings growth

Rambus Inc. to Report Q3, 2023 Results on Oct 30, 2023

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Rambus SerDes and memory interface PHY IP business from Rambus Inc. (NasdaqGS:RMBS).

Senior VP & COO recently sold US$952k worth of stock

Rambus Inc. Announces Full Suite of Security IP Solutions for the FPGA Market with Cryptographic, Side-Channel, and Quantum Safe Protections

Independent Director recently sold US$455k worth of stock

Rambus Inc. Appoints John Allen as Chief Accounting Officer

Second quarter 2023 earnings released: EPS: US$1.55 (vs US$0.32 in 2Q 2022)

Rambus Inc. Provides Earnings Guidance for the Third Quarter of 2023

Rambus Delivers Quantum Safe IP Solutions with Next-Generation Root of Trust for Data Center Security

Rambus Inc.(NasdaqGS:RMBS) dropped from Russell 2000 Value-Defensive Index

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.03 (vs US$0.60 loss in 1Q 2022)

Independent Director recently sold US$131k worth of stock

Full year 2022 earnings released: US$0.13 loss per share (vs US$0.17 profit in FY 2021)

Rambus Inc. Provides Earnings Guidance for the First Quarter of 2023

Senior VP & COO recently sold US$2.0m worth of stock

Independent Director recently sold US$257k worth of stock

Third quarter 2022 earnings released: EPS: US$0.009 (vs US$0.034 in 3Q 2021)

Rambus Inc. Announces Product Revenue Guidance for the Fourth Quarter of 2022

Rambus Inc. Announces the Availability of Its PCI Express (PCIe) 6.0 Interface Subsystem Comprised of PHY and Controller IP

Now 20% undervalued after recent price drop

Now 21% undervalued

Second quarter 2022 earnings released: EPS: US$0.32 (vs US$0.10 in 2Q 2021)

Rambus Inc. Appoints Desmond Lynch as Chief Financial Officer

Rambus Inc. Appoints Steven Laub to Its Board of Directors

First quarter 2022 earnings released: US$0.60 loss per share (vs US$0.023 loss in 1Q 2021)

Now 21% undervalued

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

Rambus Inc. Provides Revenue Guidance for the First Quarter of 2022

Rambus Delivers PCIe 6.0 Controller for Next-Generation Data Centers

Now 21% undervalued

Rambus Root of Trust Delivers FIPS 140-2 CMVP Security in Kyocera Multifunction Products

Third quarter 2021 earnings released: EPS US$0.034 (vs US$0.11 loss in 3Q 2020)

Forecast to breakeven in 2021

Rambus Inc. (NasdaqGS:RMBS) completed the acquisition of PLDA SAS.

Rambus Inc. Provides Revenue Guidance for the Third Quarter of 2021

Second quarter 2021 earnings released: EPS US$0.10 (vs US$0.095 loss in 2Q 2020)

Rambus Inc. (NasdaqGS:RMBS) signed an agreement to acquire PLDA SAS.

First quarter 2021 earnings released: US$0.023 loss per share (vs US$0.071 loss in 1Q 2020)

Rambus Inc. Provides Earnings Guidance for the Second Quarter of 2021

Full year 2020 earnings released: US$0.36 loss per share (vs US$0.78 loss in FY 2019)

Director has left the company

Rambus Inc. Announces Board Changes

Mixel, Rambus and Hardent Collaborate to Deliver Integrated MIPI Display Subsystem Solution

Full year 2020 earnings released: US$0.39 loss per share (vs US$0.81 loss in FY 2019)

Andes Technology Corporation and Rambus Inc. Announces Collaborate to offer Secure Solution for MCU and IoT Applications

Rambus Inc. Announces Management Changes

Full year 2020 earnings released: US$0.39 loss per share (vs US$0.81 loss in FY 2019)

Rambus Inc.(NasdaqGS:RMBS) dropped from Russell 2000 Dynamic Index

CEO Compensation Analysis

CEO