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Marine Products Management
Management criteria checks 3/4
Marine Products' CEO is Ben Palmer, appointed in Feb 2001, has a tenure of 24.5 years. total yearly compensation is $1.33M, comprised of 33.9% salary and 66.1% bonuses, including company stock and options. directly owns 1.54% of the company’s shares, worth MX$86.22M. The average tenure of the management team and the board of directors is 3.3 years and 4 years respectively.
Key information
Ben Palmer
Chief executive officer
US$1.3m
Total compensation
CEO salary percentage
33.89%
CEO tenure
24.5yrs
CEO ownership
1.5%
Management average tenure
3.3yrs
Board average tenure
4yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Ben Palmer's remuneration changed compared to Marine Products's earnings?
Date
Total Compensation
Salary
Company Earnings
Jun 30 2025
n/a
n/a
US$14m
Mar 31 2025
n/a
n/a
US$15m
Dec 31 2024
US$1m
US$450k
US$18m
Sep 30 2024
n/a
n/a
US$19m
Jun 30 2024
n/a
n/a
US$26m
Mar 31 2024
n/a
n/a
US$35m
Dec 31 2023
US$1m
US$450k
US$42m
Sep 30 2023
n/a
n/a
US$48m
Jun 30 2023
n/a
n/a
US$49m
Mar 31 2023
n/a
n/a
US$45m
Dec 31 2022
US$1m
US$431k
US$40m
Sep 30 2022
n/a
n/a
US$37m
Jun 30 2022
n/a
n/a
US$32m
Mar 31 2022
n/a
n/a
US$28m
Dec 31 2021
US$905k
US$400k
US$29m
Sep 30 2021
n/a
n/a
US$28m
Jun 30 2021
n/a
n/a
US$27m
Mar 31 2021
n/a
n/a
US$23m
Dec 31 2020
US$817k
US$400k
US$19m
Sep 30 2020
n/a
n/a
US$16m
Jun 30 2020
n/a
n/a
US$17m
Mar 31 2020
n/a
n/a
US$25m
Dec 31 2019
US$856k
US$400k
US$28m
Sep 30 2019
n/a
n/a
US$29m
Jun 30 2019
n/a
n/a
US$29m
Mar 31 2019
n/a
n/a
US$28m
Dec 31 2018
US$849k
US$350k
US$28m
Compensation vs Market: Ben's total compensation ($USD1.33M) is above average for companies of similar size in the MX market ($USD478.04K).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Palmer (65 yo)
24.5yrs
Tenure
US$1,327,875
Compensation
Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Richard Hubbell
Executive Chairman
24.5yrs
US$837.23k
3.67% MX$ 205.8m
Ben Palmer
President
24.5yrs
US$1.33m
1.54% MX$ 86.2m
Michael Schmit
CFO, VP
3.3yrs
US$456.12k
0.17% MX$ 9.6m
James Landers
Vice President of Corporate Finance
no data
no data
no data
Sharon Lennon
Manager of Investor Relations & Corporate Communications
no data
no data
no data
3.3yrs
Average Tenure
65yo
Average Age
Experienced Management: MPX *'s management team is considered experienced (3.3 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Richard Hubbell
Executive Chairman
24.5yrs
US$837.23k
3.67% MX$ 205.8m
Ben Palmer
President
3.3yrs
US$1.33m
1.54% MX$ 86.2m
Jerry Nix
Lead Independent Director
5yrs
US$157.00k
0.045% MX$ 2.5m
Stephen Lewis
Independent Director
less than a year
no data
0.017% MX$ 929.0k
John Wilson
Independent Director
3.3yrs
US$136.00k
0.048% MX$ 2.7m
Amy Kreisler
Director
2.8yrs
US$127.00k
0.26% MX$ 14.4m
Timothy Rollins
Non-Independent Director
8.8yrs
US$127.00k
0.19% MX$ 10.9m
Susan Bell
Independent Director
4.6yrs
US$131.00k
0.053% MX$ 2.9m
Patrick Gunning
Independent Director
4.6yrs
US$150.00k
0.051% MX$ 2.9m
Gary Kolstad
Independent Director
less than a year
no data
no data
4.0yrs
Average Tenure
65yo
Average Age
Experienced Board: MPX *'s board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2025/08/05 18:34
End of Day Share Price
2025/05/08 00:00
Earnings
2025/06/30
Annual Earnings
2024/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Marine Products Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.