Affirm Holdings Management

Management criteria checks 4/4

Affirm Holdings' CEO is Max Levchin, appointed in Jan 2012, has a tenure of 12.33 years. total yearly compensation is $409.81K, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 5.5% of the company’s shares, worth MX$9.89B. The average tenure of the management team and the board of directors is 4.3 years and 3.3 years respectively.

Key information

Max Levchin

Chief executive officer

US$409.8k

Total compensation

CEO salary percentage	8.6%
CEO tenure	12.3yrs
CEO ownership	5.5%
Management average tenure	4.3yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Max Levchin's remuneration changed compared to Affirm Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$750m
Sep 30 2023	n/a	n/a	-US$906m
Jun 30 2023	US$410k	US$35k	-US$985m
Mar 31 2023	n/a	n/a	-US$966m
Dec 31 2022	n/a	n/a	-US$815m
Sep 30 2022	n/a	n/a	-US$652m
Jun 30 2022	US$478k	US$29k	-US$707m
Mar 31 2022	n/a	n/a	-US$644m
Dec 31 2021	n/a	n/a	-US$877m
Sep 30 2021	n/a	n/a	-US$744m
Jun 30 2021	US$451m	US$10k	-US$441m
Mar 31 2021	n/a	n/a	-US$283m
Dec 31 2020	n/a	n/a	-US$81m
Sep 30 2020	n/a	n/a	-US$99m
Jun 30 2020	US$10k	US$10k	-US$113m

Compensation vs Market: Max's total compensation ($USD409.81K) is below average for companies of similar size in the MX market ($USD5.86M).

Compensation vs Earnings: Max's compensation has been consistent with company performance over the past year.

CEO

Max Levchin (47 yo)

12.3yrs

Tenure

US$409,807

Compensation

Mr. Max Roth Levchin serves as Advisor at FinRegLab, Inc. He serves as Founder, President, Chairman & CEO at Hard Valuable Fun. He founded Affirm, Inc. in 2013 and serves as its Chief Executive Officer & D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Max Levchin	Founder	12.3yrs	US$409.81k	5.5% $ 9.9b
Libor Michalek	President & Director	1.4yrs	US$5.47m	0.62% $ 1.1b
Michael Linford	Chief Financial Officer	5.8yrs	US$5.47m	0.037% $ 67.4m
Katherine Adkins	Chief Legal Officer & Secretary	2.8yrs	US$3.42m	0.033% $ 59.9m
Zane Keller	Head of Investor Relations	no data	no data	no data
Brooke Major-Reid	Chief Capital Officer	no data	no data	no data
Robert O'Hare	Senior Vice President of Finance	no data	no data	no data
Wayne Pommen	Chief Revenue Officer	no data	no data	no data
Pat Suh	Senior Vice President of Revenue	no data	no data	no data
Geddes Munson	Senior Vice President of Engineering	no data	no data	no data
Siphelele Jiyane	VP & Controller	no data	no data	0.069% $ 124.9m

4.3yrs

Average Tenure

47yo

Average Age

Experienced Management: AFRM *'s management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Max Levchin	Founder	12.3yrs	US$409.81k	5.5% $ 9.9b
Libor Michalek	President & Director	3yrs	US$5.47m	0.62% $ 1.1b
Jacqueline Reses	Independent Director	3.3yrs	US$256.63k	0.0093% $ 16.8m
Keith Rabois	Independent Director	11.3yrs	no data	0.023% $ 40.6m
James White	Lead Independent Director	3.3yrs	US$291.98k	0.0093% $ 16.8m
Jeremy Liew	Independent Director	11.3yrs	US$267.98k	0.11% $ 204.8m
Christa Quarles	Independent Director	6.3yrs	US$278.98k	0.087% $ 157.0m
Manuel Sanchez y Madrid	Independent Director	less than a year	no data	no data
Noel Watson	Independent Director	1.7yrs	US$747.68k	0.0078% $ 14.0m

3.3yrs

Average Tenure

50.5yo

Average Age

Experienced Board: AFRM *'s board of directors are considered experienced (3.3 years average tenure).

Affirm Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Affirm Holdings, Inc. Announces Board Changes

Affirm Holdings, Inc. Appoints Libor Michalek as President

High number of new directors

High number of new directors

Affirm Holdings, Inc., Annual General Meeting, Dec 05, 2022

Recent updates

Affirm Holdings, Inc. to Report Q3, 2024 Results on May 08, 2024

Second quarter 2024 earnings released: US$0.54 loss per share (vs US$1.10 loss in 2Q 2023)

Affirm Holdings, Inc. Provides Revenue Guidance for the Year 2024

Affirm Holdings, Inc. to Report Q2, 2024 Results on Feb 08, 2024

High number of new directors

Affirm Holdings, Inc. Provides Earnings Guidance for the Second Fiscal Quarter and Full Year of 2024

First quarter 2024 earnings released: US$0.56 loss per share (vs US$0.86 loss in 1Q 2023)

Affirm Holdings, Inc. Announces Board Changes

Affirm Holdings, Inc. to Report Q1, 2024 Results on Nov 08, 2023

Full year 2023 earnings released: US$3.34 loss per share (vs US$2.51 loss in FY 2022)

Affirm Holdings, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Affirm Holdings, Inc. to Report Q4, 2023 Results on Aug 24, 2023

Third quarter 2023 earnings released: US$0.35 loss per share (vs US$0.19 loss in 3Q 2022)

Second quarter 2023 earnings released

Now 24% undervalued after recent price drop

Affirm Holdings, Inc. to Report Q2, 2023 Results on Feb 08, 2023

AFRM Investors Have Opportunity to Lead Affirm Holdings, Inc. Securities Fraud Lawsuit

Affirm Holdings, Inc. Appoints Libor Michalek as President

Pomerantz Law Firm Announces the Filing of A Class Action Against Affirm Holdings, Inc. and Certain Officers

High number of new directors

First quarter 2023 earnings released: US$0.86 loss per share (vs US$1.13 loss in 1Q 2022)

Affirm Holdings, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year of 2023

High number of new directors

Affirm Holdings, Inc., Annual General Meeting, Dec 05, 2022

Affirm Holdings, Inc. to Report Q1, 2023 Results on Nov 08, 2022

High number of new directors

Affirm Holdings, Inc.(NasdaqGS:AFRM) dropped from FTSE All-World Index (USD)

Full year 2022 earnings released: US$2.51 loss per share (vs US$2.72 loss in FY 2021)

Affirm Holdings, Inc. Provides Revenue Guidance for the Fiscal First Quarter and Full Year 2023

Affirm Holdings, Inc. to Report Q4, 2022 Results on Aug 25, 2022

Affirm Holdings, Inc. Announces Resignation of Silvija Martincevic as Chief Commercial Officer, Effective June 30, 2022

Affirm Provides Revenue Guidance for the Fiscal Fourth Quarter and Full Year 2022

Third quarter 2022 earnings released: US$0.19 loss per share (vs US$1.06 loss in 3Q 2021)

Affirm Holdings, Inc. to Report Q3, 2022 Results on May 12, 2022

Kessler Topaz Meltzer & Check, LLP Reminds Investors That A Securities Fraud Class Action Lawsuit Filed Against Affirm Holdings, Inc

Pomerantz LLP Announces the Filing of A Class Action Against Affirm Holdings, Inc., and Certain Officers

Law Offices of Howard G. Smith Announces the Filing of Securities Class Action on Behalf of Affirm Holdings, Inc. Investors

Block & Leviton LLP Files Lawsuit Against Affirm Holdings, Inc. for Securities Law Violations

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Affirm Holdings, Inc. Provides Revenue Guidance for the Fiscal Third Quarter and Full Year 2022

Independent Director recently sold Mex$208m worth of stock

First quarter 2022 earnings released: US$1.13 loss per share (vs US$0.24 loss in 1Q 2021)

First quarter 2022 earnings released: US$1.13 loss per share (vs US$0.24 loss in 1Q 2021)

Affirm Launches Adaptive Checkout, Bringing Greater Choice and Flexibility to Merchants and Consumers

Full year 2021 earnings released: US$2.72 loss per share (vs US$2.63 loss in FY 2020)

Affirm Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2022; Provides Earnings Guidance for the Year 2022

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Director Jacqueline Reses has joined 5th company board

Affirm Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021

Affirm Holdings, Inc. (NasdaqGS:AFRM) completed the acquisition of Returnly Technologies, Inc.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age