Spectris Management

Management criteria checks 3/4

Spectris' CEO is Andrew Heath, appointed in Sep 2018, has a tenure of 5.92 years. total yearly compensation is £3.29M, comprised of 22.3% salary and 77.7% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth £1.82M. The average tenure of the management team and the board of directors is 4.4 years and 4.9 years respectively.

Key information

Andrew Heath

Chief executive officer

UK£3.3m

Total compensation

CEO salary percentage	22.3%
CEO tenure	5.9yrs
CEO ownership	0.06%
Management average tenure	4.4yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Heath's remuneration changed compared to Spectris's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	UK£274m
Mar 31 2024	n/a	n/a	UK£210m
Dec 31 2023	UK£3m	UK£734k	UK£145m
Sep 30 2023	n/a	n/a	UK£142m
Jun 30 2023	n/a	n/a	UK£138m
Mar 31 2023	n/a	n/a	UK£126m
Dec 31 2022	UK£4m	UK£673k	UK£115m
Sep 30 2022	n/a	n/a	UK£152m
Jun 30 2022	n/a	n/a	UK£188m
Mar 31 2022	n/a	n/a	UK£262m
Dec 31 2021	UK£2m	UK£625k	UK£336m
Sep 30 2021	n/a	n/a	UK£281m
Jun 30 2021	n/a	n/a	UK£226m
Mar 31 2021	n/a	n/a	UK£104m
Dec 31 2020	UK£1m	UK£610k	-UK£17m
Sep 30 2020	n/a	n/a	UK£100m
Jun 30 2020	n/a	n/a	UK£216m
Mar 31 2020	n/a	n/a	UK£225m
Dec 31 2019	UK£1m	UK£610k	UK£234m
Sep 30 2019	n/a	n/a	UK£141m
Jun 30 2019	n/a	n/a	UK£48m
Mar 31 2019	n/a	n/a	UK£117m
Dec 31 2018	UK£848k	UK£203k	UK£185m

Compensation vs Market: Andrew's total compensation ($USD4.31M) is above average for companies of similar size in the UK market ($USD2.59M).

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

CEO

Andrew Heath (60 yo)

5.9yrs

Tenure

UK£3,291,000

Compensation

Mr. Andrew Heath has been a Non Executive Director of Rotork plc since April 30, 2024. He has been an Executive Director of Spectris plc since September 03, 2018 and has been its Chief Executive Officer si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Heath	CEO & Executive Director	5.9yrs	UK£3.29m	0.062% £ 1.8m
Derek Harding	CFO & Executive Director	5.3yrs	UK£2.44m	0.020% £ 588.3k
Kjersti Wiklund	Independent Non-Executive Director & Workforce Engagement Director	4.6yrs	UK£74.00k	0.0014% £ 42.6k
Judith Wettach	Head of Corporate Development	4.2yrs	no data	no data
Andrew Harvey	Group Human Resources Director	7.6yrs	no data	no data
Mark Fleiner	President of Scientific	2.6yrs	no data	no data
Ben Bryson	President of Dynamics	1.6yrs	no data	no data
Rebecca Dunn	Head of Corporate Affairs & Company Secretary	1.8yrs	no data	no data
Crister Dalen	Assistant Company Secretary	no data	no data	no data

4.4yrs

Average Tenure

60yo

Average Age

Experienced Management: SXSL's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Heath	CEO & Executive Director	5.9yrs	UK£3.29m	0.062% £ 1.8m
Derek Harding	CFO & Executive Director	5.4yrs	UK£2.44m	0.020% £ 588.3k
Kjersti Wiklund	Independent Non-Executive Director & Workforce Engagement Director	7.6yrs	UK£74.00k	0.0014% £ 42.6k
Mark Williamson	Independent Non-Executive Chairman	7.3yrs	UK£247.00k	0.019% £ 549.9k
Amanda Gradden	Independent Non-Executive Director	less than a year	UK£13.00k	no data
Catherine Turner	Senior Independent Director	4.9yrs	UK£85.00k	0.0026% £ 75.3k
Ravi Gopinath	Independent Non-Executive Director	3.2yrs	UK£77.00k	no data
Nicholas Anderson	Non-Executive Director	less than a year	no data	no data
Alison Henwood	Independent Non-Executive Director	2.9yrs	UK£62.00k	0.0019% £ 56.7k

4.9yrs

Average Tenure

60yo

Average Age

Experienced Board: SXSL's board of directors are considered experienced (4.9 years average tenure).

Spectris Management

Management criteria checks 3/4

Key information

Recent management updates

Spectris plc Announces Retirement of Ulf Quellmann as Non-Executive Director, Effective on 31 August 2024

Spectris plc Announces Chief Financial Officer Changes, Effective 1 September 2024

Spectris plc, Annual General Meeting, May 23, 2024

Spectris plc Announces Directorate and Board Committee Membership Changes

Spectris plc Appoints Mandy Gradden as Non-Executive Director, Effective October 16, 2023

Spectris plc Appoints Mandy Gradden as Non-Executive Director, Effective 16 October 2023

Recent updates

Spectris plc Declares an Interim Dividend, Payable on 8 November 2024

Spectris plc Announces Retirement of Ulf Quellmann as Non-Executive Director, Effective on 31 August 2024

Spectris plc Announces Chief Financial Officer Changes, Effective 1 September 2024

Upcoming dividend of UK£0.54 per share

HMS Networks AB (publ) (OM:HMS) completed the acquisition of Red Lion Controls, Inc. from Spectris plc (LSE:SXS) for approximately $350 million.

Spectris plc, Annual General Meeting, May 23, 2024

Spectris plc Announces Directorate and Board Committee Membership Changes

Final dividend increased to UK£0.54

Full year 2023 earnings released: EPS: UK£1.40 (vs UK£1.07 in FY 2022)

Spectris plc to Report Fiscal Year 2023 Results on Feb 09, 2024

HMS Networks AB (publ) (OM:HMS) has entered into a binding agreement to acquire Red Lion Controls, Inc. from Spectris plc (LSE:SXS) for approximately $350 million.

Spectris plc Provides Earnings Guidance for the Financial Year 2023

Now 21% undervalued after recent price drop

Upcoming dividend of UK£0.25 per share at 2.3% yield

Spectris plc to Report Q1, 2024 Results on May 02, 2024

Spectris plc (LSE:SXS) completed the acquisition of MicroStrain, Inc.

Spectris plc Appoints Mandy Gradden as Non-Executive Director, Effective October 16, 2023

Now 21% undervalued after recent price drop

Spectris plc Appoints Mandy Gradden as Non-Executive Director, Effective 16 October 2023

Spectris plc Updates Earnings Guidance for the Full Year of 2023

First half 2023 earnings released: EPS: UK£0.50 (vs UK£0.27 in 1H 2022)

Spectris plc (LSE:SXS) entered into a purchase agreement to acquire MicroStrain, Inc. for $37.6 million.

Spectris plc to Report Q3, 2023 Results on Oct 31, 2023

Spectris plc Announces Appointment of Cathy Turner as Senior Independent Director

Upcoming dividend of UK£0.51 per share at 2.0% yield

Full year 2022 earnings released: EPS: UK£1.07 (vs UK£3.05 in FY 2021)

Spectris plc to Report Fiscal Year 2022 Results on Feb 23, 2023

Now 20% undervalued

Upcoming dividend of UK£0.24 per share

Spectris plc (LSE:SXS) acquired Dytran Instruments Inc.

Now 20% undervalued after recent price drop

First half 2022 earnings released

Spectris plc Proposes Interim Dividend

Dwyer Instruments, Inc. completed the acquisition of OMEGA Engineering, Inc. from Spectris plc (LSE:SXS).

Now 22% undervalued

Upcoming dividend of UK£0.49 per share

Spectris plc (LSE:SXS) agreed to acquire Dytran Instruments Inc. for $82 million.

Now 21% undervalued after recent price drop

Spectris plc (LSE:SXS) announces an Equity Buyback for £300 million worth of its shares.

Dwyer Instruments, Inc. agreed to acquire OMEGA Engineering, Inc. from Spectris plc (LSE:SXS) for approximately $530 million.

Now 20% undervalued after recent price drop

CEO & Executive Director recently bought UK£149k worth of stock

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Spectris plc Proposes Final Dividend for 2021

Upcoming dividend of UK£0.23 per share

Nordson Corporation (NasdaqGS:NDSN) signed an agreement to acquire NDC Technologies Inc. from Spectris plc (LSE:SXS) for $180 million.

High number of new directors

First half 2021 earnings released: EPS UK£1.56 (vs UK£0.57 loss in 1H 2020)

Independent Non-Executive Director has left the company

Upcoming dividend of UK£0.47 per share

Deep Imaging Technologies, Inc. completed the acquisition of Engineering Seismology Group Canada Inc. from Spectris plc (LSE:SXS).

Full year 2020 earnings released: UK£0.15 loss per share (vs UK£2.02 profit in FY 2019)

CEO & Executive Director recently bought UK£150k worth of stock

Full year 2020 earnings released

Revenue beats expectations

New 90-day high: UK£31.19

Union Technique de l'Automobile, du Motocycle et du Cycle Union de Syndicats completed the acquisition of Millbrook Proving Ground Limited from Spectris plc (LSE:SXS).

Spectris plc to Report Fiscal Year 2020 Results on Feb 25, 2021

New 90-day high: UK£29.51

New 90-day high: UK£28.51

Union Technique de l'Automobile, du Motocycle et du Cycle Union de Syndicats entered into an agreement to acquire Millbrook Proving Ground Limited from Spectris plc (LSE:SXS) for approximately £120 million.

New 90-day high: UK£27.45

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure