Workhorse Group Management
Management criteria checks 2/4
Workhorse Group's CEO is Rick Dauch, appointed in Aug 2021, has a tenure of 2.75 years. total yearly compensation is $3.39M, comprised of 28.8% salary and 71.2% bonuses, including company stock and options. directly owns 0.92% of the company’s shares, worth MX$7.90M. The average tenure of the management team and the board of directors is 2.7 years and 2.5 years respectively.
Key information
Rick Dauch
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 28.8% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.9% |
| Management average tenure | 2.7yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$975k | -US$124m |
| Sep 30 2023 | n/a | n/a | -US$117m |
| Jun 30 2023 | n/a | n/a | -US$122m |
| Mar 31 2023 | n/a | n/a | -US$120m |
| Dec 31 2022 | US$8m | US$1m | -US$117m |
| Sep 30 2022 | n/a | n/a | -US$235m |
| Jun 30 2022 | n/a | n/a | -US$280m |
| Mar 31 2022 | n/a | n/a | -US$303m |
| Dec 31 2021 | US$17m | US$442k | -US$401m |
Compensation vs Market: Rick's total compensation ($USD3.39M) is above average for companies of similar size in the MX market ($USD198.15K).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
CEO
Rick Dauch (62 yo)
2.8yrs
Tenure
US$3,388,174
Compensation
Mr. Richard F. Dauch, also known as Rick, has been Independent Director at DHC Acquisition Corp. since March 2021. He serves as Chief Executive Officer and Director of Workhorse Group Inc. since August 2,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$3.39m | 0.92% $ 7.9m | |
| Chief Financial Officer | 2.3yrs | US$906.79k | 0.11% $ 931.1k | |
| Chief Compliance Officer | 2.8yrs | US$970.26k | 0.11% $ 952.8k | |
| Chief Technology Officer | 2.7yrs | US$1.02m | 0.073% $ 626.3k | |
| Chief Information Officer | 1.4yrs | no data | no data | |
| Vice President of Corporate Development & Communications | 2.5yrs | no data | 0.082% $ 703.6k | |
| Chief Human Resources Officer | 2.3yrs | no data | 0.053% $ 455.9k | |
| President of Aerospace | 3.1yrs | US$982.19k | 0.22% $ 1.9m | |
| President of Commercial Vehicles | 3.1yrs | no data | 0.079% $ 676.8k | |
| Vice President of Supply Chain Management | 2.7yrs | no data | 0.041% $ 346.7k | |
| Co-Founder & Consultant | no data | US$390.00k | no data |
2.7yrs
Average Tenure
62yo
Average Age
Experienced Management: WKHS *'s management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$3.39m | 0.92% $ 7.9m | |
| Independent Director | 4yrs | US$175.00k | 0.048% $ 408.4k | |
| Independent Director | 2.3yrs | US$175.00k | 0.026% $ 224.1k | |
| Independent Director | less than a year | US$150.00k | 0.036% $ 304.0k | |
| Independent Chairman | 10.6yrs | US$225.00k | 0.079% $ 673.8k | |
| Independent Director | less than a year | US$150.00k | 0.036% $ 304.0k | |
| Independent Director | 4yrs | US$175.00k | 0.033% $ 279.7k | |
| Independent Director | 2yrs | US$175.00k | 0.023% $ 199.0k |
2.5yrs
Average Tenure
61.5yo
Average Age
Experienced Board: WKHS *'s board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.