Marine Products Management
Management criteria checks 2/4
Marine Products' CEO is Ben Palmer, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $1.46M, comprised of 30.8% salary and 69.2% bonuses, including company stock and options. directly owns 1.37% of the company’s shares, worth MX$93.67M. The average tenure of the management team and the board of directors is 1.9 years and 3.5 years respectively.
Key information
Ben Palmer
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 30.8% |
| CEO tenure | 1.9yrs |
| CEO ownership | 1.4% |
| Management average tenure | 1.9yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2018 | n/a | n/a | US$28m |
| Jun 30 2018 | n/a | n/a | US$25m |
| Mar 31 2018 | n/a | n/a | US$22m |
| Dec 31 2017 | US$1m | US$321k | US$19m |
Compensation vs Market: Ben's total compensation ($USD1.46M) is above average for companies of similar size in the MX market ($USD262.61K).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Palmer (63 yo)
1.9yrs
Tenure
US$1,463,400
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 |
|---|---|---|---|---|
| Executive Chairman | 23.2yrs | US$909.60k | 3.62% $ 248.1m | |
| President | 1.9yrs | US$1.46m | 1.37% $ 93.7m | |
| CFO, VP | 1.9yrs | US$501.00k | 0.12% $ 8.3m | |
| Manager of Investor Relations & Corporate Communications | no data | no data | no data | |
| Vice President of Corporate Finance | no data | no data | no data |
1.9yrs
Average Tenure
63yo
Average Age
Experienced Management: MPX *'s management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.2yrs | US$909.60k | 3.62% $ 248.1m | |
| President | 1.9yrs | US$1.46m | 1.37% $ 93.7m | |
| Lead Independent Director | 3.7yrs | US$157.00k | 0.017% $ 1.1m | |
| Director | 23.3yrs | US$125.00k | 3.58% $ 245.4m | |
| Independent Director | 2yrs | US$136.00k | 0.019% $ 1.3m | |
| Non-Independent Director | 6.8yrs | US$125.00k | 0.44% $ 30.3m | |
| Director | 1.5yrs | US$127.00k | 0.52% $ 35.6m | |
| Non-Independent Director | 7.5yrs | US$127.00k | 0.32% $ 21.6m | |
| Independent Director | 3.3yrs | US$131.00k | 0.024% $ 1.6m | |
| Independent Director | 3.3yrs | US$150.00k | 0.022% $ 1.5m |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: MPX *'s board of directors are considered experienced (3.5 years average tenure).