Novanta Management

Management criteria checks 3/4

Novanta's CEO is Matthijs Glastra, appointed in Sep 2016, has a tenure of 8.17 years. total yearly compensation is $8.26M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth $23.18M. The average tenure of the management team and the board of directors is 2.6 years and 3.5 years respectively.

Key information

Matthijs Glastra

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage	9.5%
CEO tenure	8.2yrs
CEO ownership	0.4%
Management average tenure	2.6yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Matthijs Glastra's remuneration changed compared to Novanta's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 28 2024	n/a	n/a	US$62m
Mar 29 2024	n/a	n/a	US$69m
Dec 31 2023	US$8m	US$784k	US$73m
Sep 29 2023	n/a	n/a	US$76m
Jun 30 2023	n/a	n/a	US$77m
Mar 31 2023	n/a	n/a	US$73m
Dec 31 2022	US$7m	US$731k	US$74m
Sep 30 2022	n/a	n/a	US$73m
Jul 01 2022	n/a	n/a	US$64m
Apr 01 2022	n/a	n/a	US$58m
Dec 31 2021	US$12m	US$690k	US$50m
Oct 01 2021	n/a	n/a	US$49m
Jul 02 2021	n/a	n/a	US$44m
Apr 02 2021	n/a	n/a	US$44m
Dec 31 2020	US$5m	US$625k	US$45m
Oct 02 2020	n/a	n/a	US$41m
Jul 03 2020	n/a	n/a	US$42m
Apr 03 2020	n/a	n/a	US$40m
Dec 31 2019	US$4m	US$640k	US$41m
Sep 27 2019	n/a	n/a	US$43m
Jun 28 2019	n/a	n/a	US$56m
Mar 29 2019	n/a	n/a	US$57m
Dec 31 2018	US$4m	US$581k	US$51m
Sep 28 2018	n/a	n/a	US$39m
Jun 29 2018	n/a	n/a	US$18m
Mar 30 2018	n/a	n/a	US$12m
Dec 31 2017	US$4m	US$511k	US$40m

Compensation vs Market: Matthijs's total compensation ($USD8.26M) is above average for companies of similar size in the UK market ($USD3.41M).

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

CEO

Matthijs Glastra (55 yo)

8.2yrs

Tenure

US$8,262,118

Compensation

Mr. Matthijs Glastra has been the Chief Executive Officer and Director of Novanta Inc. since September 1, 2016 and serves as its Chairman of the Board since May 13, 2021 and served as its Executive Officer...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthijs Glastra	CEO & Chairman of the Board	8.2yrs	US$8.26m	0.37% $ 23.2m
Robert Buckley	Chief Financial Officer	13.7yrs	US$3.36m	0.34% $ 21.0m
Michele Michele Welsh	General Counsel & Corporate Secretary	2.3yrs	US$1.35m	0.0041% $ 257.6k
John Burke	Chief Accounting Officer & Corporate Controller	less than a year	no data	0.019% $ 1.2m
Sarah Betadam	Chief Information Officer & Chief Information Security Officer	3.8yrs	no data	no data
Peter Chang	Advisor	less than a year	no data	0.046% $ 2.9m
Chuck Ravetto	Group President of Automation Enabling Technologies Group	2.6yrs	no data	no data
Anna Fain	Senior Vice President of Leadership Development and Diversity	1.5yrs	no data	no data
Heinrich Dreyer	Group President of Medical Solutions	6.6yrs	no data	no data

2.6yrs

Average Tenure

50yo

Average Age

Experienced Management: 0VAG's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthijs Glastra	CEO & Chairman of the Board	8.2yrs	US$8.26m	0.37% $ 23.2m
Stephen Bershad	Chairman Emeritus	3.5yrs	US$233.48k	no data
Barbara Hulit	Independent Director	2.3yrs	US$247.57k	0.0026% $ 162.0k
Mary Ladone	Director	less than a year	no data	no data
Darlene J. Solomon	Independent Director	2.4yrs	US$252.57k	0.0028% $ 173.8k
Lonny Carpenter	Independent Lead Director	6.5yrs	US$292.56k	0.0092% $ 575.9k
Frank Wilson	Independent Director	3.5yrs	US$277.62k	0.0039% $ 244.5k
Thomas Secor	Independent Director	12.4yrs	US$257.57k	0.00077% $ 48.2k
Robert Johnson	Independent Director	less than a year	no data	0% $ 0
Maxine Mauricio	Independent Director	4.5yrs	US$257.56k	0.0056% $ 349.6k

3.5yrs

Average Tenure

56yo

Average Age

Experienced Board: 0VAG's board of directors are considered experienced (3.5 years average tenure).

Novanta Management

Management criteria checks 3/4

Key information

Recent management updates

Novanta Inc. Announces Executive Changes

Novanta Inc., Annual General Meeting, May 08, 2024

High number of new directors

High number of new directors

High number of new directors

High number of new directors

Recent updates

Novanta Inc. to Report Q3, 2024 Results on Nov 05, 2024

Novanta Inc. Announces Executive Changes

Second quarter 2024 earnings released: EPS: US$0.38 (vs US$0.58 in 2Q 2023)

Now 25% overvalued

Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024

Novanta Inc. to Report Q2, 2024 Results on Aug 06, 2024

Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2024

First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.51 in 1Q 2023)

Novanta Inc. to Report Q1, 2024 Results on May 07, 2024

Novanta Inc., Annual General Meeting, May 08, 2024

Novanta Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$2.03 (vs US$2.08 in FY 2022)

Novanta Inc. to Report Q4, 2023 Results on Feb 28, 2024

Investor sentiment improves as stock rises 18%

Novanta Inc. Provides Revenue Guidance for the Fourth Quarter of 2023 and Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.63 in 3Q 2022)

Novanta Inc. to Report Q3, 2023 Results on Nov 07, 2023

High number of new directors

Second quarter 2023 earnings released: EPS: US$0.58 (vs US$0.49 in 2Q 2022)

Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023

Novanta Inc. to Report Q2, 2023 Results on Aug 08, 2023

High number of new directors

Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2023

First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.53 in 1Q 2022)

High number of new directors

Full year 2022 earnings released: EPS: US$2.08 (vs US$1.42 in FY 2021)

Novanta Inc. to Report Q4, 2022 Results on Mar 01, 2023

High number of new directors

High number of new directors

High number of new directors

High number of new directors

Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.38 in 3Q 2021)

Novanta Inc. Provides Financial Guidance for the Fourth Quarter and Full Year 2022

High number of new directors

Novan, Inc., Epi Health and MC2 Therapeutics Present New Data in Multiple Posters Highlighting Wynzora’s Unique Pad Technology At the 42Nd Annual Fall Clinical Dermatology Conference

Novanta Inc. to Report Q3, 2022 Results on Nov 08, 2022

Second quarter 2022 earnings released: EPS: US$0.49 (vs US$0.33 in 2Q 2021)

Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

High number of new directors

Novanta Inc. Announces Director Changes

High number of new directors

Novanta Inc. to Report Q2, 2022 Results on Aug 09, 2022

High number of new directors

Novanta Inc. Announces Directorate Changes

Investor sentiment deteriorated over the past week

Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2022

Novanta Inc. to Report Q1, 2022 Results on May 10, 2022

Novanta Inc., Annual General Meeting, May 12, 2022

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

Novanta Inc. Provides Revenue Guidance for the First Quarter and Full Year 2022

High number of new directors

High number of new directors

Third quarter 2021 earnings released: EPS US$0.38 (vs US$0.23 in 3Q 2020)

High number of new and inexperienced directors

High number of new and inexperienced directors

Second quarter 2021 earnings released: EPS US$0.33 (vs US$0.33 in 2Q 2020)

High number of new and inexperienced directors

Novanta Inc. (NasdaqGS:NOVT) entered into an agreement to acquire ATI Industrial Automation, Inc. for approximately $170 million.

First quarter 2021 earnings released: EPS US$0.32 (vs US$0.34 in 1Q 2020)

Novanta Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2021

Revenue beats expectations

Full year 2020 earnings released: EPS US$1.27 (vs US$1.16 in FY 2019)

Novanta Inc., Annual General Meeting, May 13, 2021

Novanta Inc. to Report Q4, 2020 Results on Mar 01, 2021

Novan, Inc. Enters into a Master Services Agreement (MSA) with Catalent

Novanta Inc. Elects Katherine A. Owen to the Board, Effective February 24, 2021

CEO Compensation Analysis

CEO

Tenure