MP Materials Management

Management criteria checks 2/4

MP Materials' CEO is James Litinsky, appointed in Nov 2020, has a tenure of 3.5 years. total yearly compensation is $4.22M, comprised of 17.8% salary and 82.2% bonuses, including company stock and options. directly owns 10.4% of the company’s shares, worth MX$4.71B. The average tenure of the management team and the board of directors is 3.5 years and 3.5 years respectively.

Key information

James Litinsky

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage	17.8%
CEO tenure	3.5yrs
CEO ownership	10.4%
Management average tenure	3.5yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has James Litinsky's remuneration changed compared to MP Materials's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$750k	US$24m
Sep 30 2023	n/a	n/a	US$108m
Jun 30 2023	n/a	n/a	US$175m
Mar 31 2023	n/a	n/a	US$241m
Dec 31 2022	US$2m	US$600k	US$289m
Sep 30 2022	n/a	n/a	US$271m
Jun 30 2022	n/a	n/a	US$251m
Mar 31 2022	n/a	n/a	US$204m
Dec 31 2021	US$35m	n/a	US$135m

Compensation vs Market: James's total compensation ($USD4.22M) is above average for companies of similar size in the MX market ($USD1.51M).

Compensation vs Earnings: James's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

James Litinsky (44 yo)

3.5yrs

Tenure

US$4,223,127

Compensation

Mr. James Henry Litinsky is the Founder, Chief Executive Officer and Chief Investment Officer at JHL Capital Group LLC. Mr. Litinsky founded JHL Capital Group LLC in 2006. He founded MP Materials Corp. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Litinsky	Chairman	3.5yrs	US$4.22m	10.4% $ 4.7b
Ryan Corbett	Chief Financial Officer	5.3yrs	US$3.14m	0.15% $ 68.8m
Michael Rosenthal	Chief Operating Officer	3.5yrs	US$3.38m	0.79% $ 358.1m
Elliot Hoops	General Counsel & Corporate Secretary	3yrs	US$2.47m	0.018% $ 8.2m
Martin Sheehan	Senior VP of Investor Relations	no data	no data	no data

3.5yrs

Average Tenure

44yo

Average Age

Experienced Management: MP *'s management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Litinsky	Chairman	3.5yrs	US$4.22m	10.4% $ 4.7b
Arnold Donald	Independent Director	1.2yrs	US$280.75k	0% $ 0
Randall Weisenburger	Lead Independent Director	3.5yrs	US$312.50k	0.082% $ 37.4m
Maryanne Lavan	Independent Director	3.5yrs	US$247.50k	0% $ 0
Connie Duckworth	Independent Director	3.5yrs	US$255.00k	0.0085% $ 3.9m
Richard Myers	Independent Director	3.5yrs	US$240.00k	0% $ 0
Andrew McKnight	Independent Director	3.5yrs	US$245.00k	0.22% $ 98.2m

3.5yrs

Average Tenure

65yo

Average Age

Experienced Board: MP *'s board of directors are considered experienced (3.5 years average tenure).

MP Materials Management

Management criteria checks 2/4

Key information

Recent management updates

MP Materials Corp., Annual General Meeting, Jun 11, 2024

Insufficient new directors

Insufficient new directors

Insufficient new directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

MP Materials Corp., Annual General Meeting, Jun 11, 2024

MP Materials Corp. to Report Q1, 2024 Results on May 02, 2024

MP Materials Corp. (NYSE:MP) announces an Equity Buyback for $300 million worth of its shares.

Insufficient new directors

Full year 2023 earnings released: EPS: US$0.14 (vs US$1.64 in FY 2022)

Insufficient new directors

MP Materials Corp. to Report Q4, 2023 Results on Feb 22, 2024

Insufficient new directors

MP Materials Corp. to Report Q3, 2023 Results on Nov 02, 2023

High number of new and inexperienced directors

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.042 (vs US$0.41 in 2Q 2022)

High number of new and inexperienced directors

MP Materials Corp. to Report Q2, 2023 Results on Aug 03, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

Chief Operating Officer recently bought Mex$5.7m worth of stock

High number of new and inexperienced directors

MP Materials Corp. Announces Resignation of Daniel Gold as Member of the Board of Directors

High number of new and inexperienced directors

Full year 2022 earnings released: EPS: US$1.64 (vs US$0.78 in FY 2021)

High number of new and inexperienced directors

MP Materials Corp. to Report Q4, 2022 Results on Feb 23, 2023

High number of new and inexperienced directors

Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.24 in 3Q 2021)

High number of new and inexperienced directors

MP Materials Corp. to Report Q3, 2022 Results on Nov 03, 2022

Second quarter 2022 earnings released: EPS: US$0.41 (vs US$0.16 in 2Q 2021)

High number of new and inexperienced directors

MP Materials Corp. to Report Q2, 2022 Results on Aug 04, 2022

High number of new and inexperienced directors

MP Materials Corp.(NYSE:MP) dropped from Russell 2000 Growth Index

Lead Independent Director recently bought Mex$21m worth of stock

High number of new and inexperienced directors

Chief Financial Officer recently sold Mex$4.2m worth of stock

High number of new and inexperienced directors

Independent Director recently bought Mex$12m worth of stock

First quarter 2022 earnings released: EPS: US$0.48 (vs US$0.095 in 1Q 2021)

MP Materials Corp., Annual General Meeting, Jun 14, 2022

Investor sentiment deteriorated over the past week

High number of new and inexperienced directors

MP Materials Corp. to Report Q1, 2022 Results on May 05, 2022

Investor sentiment improved over the past week

The Law Offices of Vincent Wong Announces that A Class Action Lawsuit Has Commenced on Behalf of Investors

General Counsel & Corporate Secretary recently bought Mex$3.7m worth of stock

Lead Independent Director recently bought Mex$24m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Pomerantz LLP Announces Class Action Lawsuit Files Against MP Materials Corp

High number of new and inexperienced directors

MP Materials Corp. to Report Q4, 2021 Results on Feb 24, 2022

Investor sentiment deteriorated over the past week

Lead Independent Director recently bought Mex$74m worth of stock

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.24

Chairman recently sold Mex$602m worth of stock

MP Materials Corp. has completed a Follow-on Equity Offering in the amount of $148.75 million.

Independent Director recently sold Mex$115m worth of stock

Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.92 loss in 2Q 2020)

Non-Employee Advisor Sheila Bangalore has left the company

First quarter 2021 earnings released: EPS US$0.095

Full year 2020 earnings released: US$0.27 loss per share

MP Materials Corp. to Report Q4, 2020 Results on Mar 18, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age