Formula Systems (1985) Management
Management criteria checks 2/4
Formula Systems (1985)'s CEO is Guy Bernstein, appointed in Jan 2008, has a tenure of 16.33 years. total yearly compensation is $11.18M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 11.73% of the company’s shares, worth ₪531.84M. The average tenure of the management team and the board of directors is 12.5 years and 2 years respectively.
Key information
Guy Bernstein
Chief executive officer
US$11.2m
Total compensation
| CEO salary percentage | 5.2% |
| CEO tenure | 16.3yrs |
| CEO ownership | 11.7% |
| Management average tenure | 12.5yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
Apr 16
We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)
Mar 17Formula Systems (1985) Ltd.'s (TLV:FORTY) Shares May Have Run Too Fast Too Soon
Feb 05The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising
Dec 15We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Oct 11Formula Systems (1985) (TLV:FORTY) Is Experiencing Growth In Returns On Capital
Aug 20Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite Sensibly
Jun 13Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)
Apr 04We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Mar 14With EPS Growth And More, Formula Systems (1985) (TLV:FORTY) Makes An Interesting Case
Feb 21Formula Systems (1985) (TLV:FORTY) Shareholders Will Want The ROCE Trajectory To Continue
Dec 09We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease
Nov 08Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?
Oct 14Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)
Apr 13Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock
Feb 23We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease
Jan 30We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)
Jan 10Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?
Nov 02These 4 Measures Indicate That Formula Systems (1985) (TLV:FORTY) Is Using Debt Reasonably Well
Oct 10Formula Systems (1985) (TLV:FORTY) Is Paying Out A Larger Dividend Than Last Year
Aug 22Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
May 01Is Now The Time To Put Formula Systems (1985) (TLV:FORTY) On Your Watchlist?
Apr 16The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising
Apr 01Formula Systems (1985) Ltd.'s (TLV:FORTY) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Mar 17Does Formula Systems (1985) Ltd. (TLV:FORTY) Have A Place In Your Dividend Portfolio?
Mar 02What Kind Of Investors Own Most Of Formula Systems (1985) Ltd. (TLV:FORTY)?
Feb 14
Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
Jan 29Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock
Dec 30We Like These Underlying Trends At Formula Systems (1985) (TLV:FORTY)
Dec 14Formula Systems (1985) Ltd. (TLV:FORTY) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$64m |
| Sep 30 2023 | n/a | n/a | US$64m |
| Jun 30 2023 | n/a | n/a | US$65m |
| Mar 31 2023 | n/a | n/a | US$82m |
| Dec 31 2022 | US$11m | US$578k | US$81m |
| Sep 30 2022 | n/a | n/a | US$82m |
| Jun 30 2022 | n/a | n/a | US$78m |
| Mar 31 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$10m | US$605k | US$55m |
| Sep 30 2021 | n/a | n/a | US$51m |
| Jun 30 2021 | n/a | n/a | US$50m |
| Mar 31 2021 | n/a | n/a | US$48m |
| Dec 31 2020 | US$2m | US$508k | US$47m |
| Sep 30 2020 | n/a | n/a | US$45m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$512k | US$512k | US$39m |
| Sep 30 2019 | n/a | n/a | US$40m |
| Jun 30 2019 | n/a | n/a | US$37m |
| Mar 31 2019 | n/a | n/a | US$35m |
| Dec 31 2018 | US$517k | US$517k | US$32m |
| Sep 30 2018 | n/a | n/a | US$26m |
| Jun 30 2018 | n/a | n/a | US$24m |
| Mar 31 2018 | n/a | n/a | US$17m |
| Dec 31 2017 | US$508k | US$508k | US$10m |
Compensation vs Market: Guy's total compensation ($USD11.18M) is above average for companies of similar size in the IL market ($USD1.45M).
Compensation vs Earnings: Guy's compensation has been consistent with company performance over the past year.
CEO
Guy Bernstein (55 yo)
16.3yrs
Tenure
US$11,175,000
Compensation
Mr. Guy Bernstein is the Chief Executive Officer of Magic Software Enterprises Ltd. since April 2010 and has been its Director since January 01, 2007. Mr. Bernstein served as a member of our board of direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 16.3yrs | US$11.18m | 11.73% $ 531.8m | |
| Chief Financial Officer | 12.5yrs | US$1.03m | no data | |
| Chief Operational Officer | 7.7yrs | US$306.00k | no data |
12.5yrs
Average Tenure
45yo
Average Age
Experienced Management: FORTY's management team is seasoned and experienced (12.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 13.5yrs | US$41.40k | no data | |
| Director | 11.8yrs | US$41.40k | no data | |
| Director | 1.8yrs | US$9.95k | no data | |
| Director | 1.8yrs | US$9.95k | no data | |
| Independent External Director | 2yrs | US$58.45k | no data | |
| Independent External Director | 2yrs | US$39.65k | no data |
2.0yrs
Average Tenure
50yo
Average Age
Experienced Board: FORTY's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.