Marine Products Management
Management criteria checks 3/4
Marine Products' CEO is Ben Palmer, appointed in May 2022, has a tenure of 2.25 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$93.66M. The average tenure of the management team and the board of directors is 2.3 years and 3.8 years respectively.
Key information
Ben Palmer
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 30.8% |
| CEO tenure | 2.3yrs |
| CEO ownership | 1.4% |
| Management average tenure | 2.3yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| 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 ($USD471.99K).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Palmer (64 yo)
2.3yrs
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 | 23.5yrs | US$909.60k | 3.62% MX$ 248.1m | |
| President | 2.3yrs | US$1.46m | 1.37% MX$ 93.7m | |
| CFO, VP | 2.3yrs | US$501.00k | 0.12% MX$ 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 |
2.3yrs
Average Tenure
64yo
Average Age
Experienced Management: MPX *'s management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.5yrs | US$909.60k | 3.62% MX$ 248.1m | |
| President | 2.3yrs | US$1.46m | 1.37% MX$ 93.7m | |
| Lead Independent Director | 4yrs | US$157.00k | 0.029% MX$ 2.0m | |
| Director | 23.6yrs | US$125.00k | 3.7% MX$ 253.6m | |
| Independent Director | 2.3yrs | US$136.00k | 0.032% MX$ 2.2m | |
| Non-Independent Director | 7.1yrs | US$125.00k | 0.36% MX$ 25.0m | |
| Director | 1.8yrs | US$127.00k | 0.27% MX$ 18.4m | |
| Non-Independent Director | 7.8yrs | US$127.00k | 0.25% MX$ 16.9m | |
| Independent Director | 3.6yrs | US$131.00k | 0.036% MX$ 2.5m | |
| Independent Director | 3.6yrs | US$150.00k | 0.035% MX$ 2.4m |
3.8yrs
Average Tenure
65yo
Average Age
Experienced Board: MPX *'s board of directors are considered experienced (3.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/05 08:53 |
| End of Day Share Price | 2024/05/08 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Wold | B. Riley Securities, Inc. |
| null null | Burkenroad Reports |
| Brandon Rollé | D.A. Davidson & Co. |