This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Magseis Fairfield Management

Management criteria checks 1/4

Key information

Carel Hooijkaas

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	40.0%
CEO tenure	3.3yrs
CEO ownership	0.1%
Management average tenure	2.8yrs
Board average tenure	less than a year

Recent management updates

Recent updates

Magseis Fairfield (OB:MSEIS) Is Making Moderate Use Of Debt

Mar 07

CEO Compensation Analysis

How has Carel Hooijkaas's remuneration changed compared to Magseis Fairfield's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	-US$40m
Jun 30 2022	n/a	n/a	-US$31m
Mar 31 2022	n/a	n/a	-US$29m
Dec 31 2021	US$2m	US$640k	-US$32m
Sep 30 2021	n/a	n/a	-US$25m
Jun 30 2021	n/a	n/a	-US$23m
Mar 31 2021	n/a	n/a	-US$24m
Dec 31 2020	US$1m	US$584k	-US$20m
Sep 30 2020	n/a	n/a	-US$58m
Jun 30 2020	n/a	n/a	-US$165m
Mar 31 2020	n/a	n/a	-US$152m
Dec 31 2019	US$998k	US$156k	-US$152m

Compensation vs Market: Carel's total compensation ($USD1.60M) is above average for companies of similar size in the Norwegian market ($USD511.13K).

Compensation vs Earnings: Carel's compensation has increased whilst the company is unprofitable.

CEO

Carel Hooijkaas

3.3yrs

Tenure

US$1,599,000

Compensation

Mr. Carel Hooijkaas serves as Director at International Association of Geophysical Contractors since 2020. Mr. Hooijkaas serves as Chief Executive Officer of Magseis Fairfield ASA (formerly known as Magsei...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carel Hooijkaas	Chief Executive Officer	3.3yrs	US$1.60m	0.15% $ 3.2m
Ivar Gimse	Co-Founder & Executive VP of Business Development	6.1yrs	US$385.00k	0.0055% $ 120.3k
Stig Hognestad	Chief Financial Officer	1.2yrs	US$257.00k	0.0092% $ 200.5k
Thomas Scoulios	Chief Operating Officer	no data	US$600.00k	0.079% $ 1.7m
Mark Zajac	Chief Technology Officer	2.6yrs	US$501.00k	no data
Laila Myksvoll	Group General Counsel & Corporate Secretary	no data	US$427.00k	0.033% $ 721.7k
Simon Hayter	Chief Sales Officer	no data	US$525.00k	0.059% $ 1.3m
Sharon Barclay	Chief Human Resources officer	2.9yrs	US$421.00k	0.037% $ 817.2k
Andre Bjorvik	Senior Vice President of Corporate Communication	no data	US$209.00k	no data
Fons Kroode	Chief Geophysicist	less than a year	no data	no data

2.8yrs

Average Tenure

Experienced Management: MSEIS's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tone Holm-Trudeng	Director	less than a year	no data	no data
Yves Chiffoleau	Director	less than a year	no data	no data
Sven Larsen	Director	less than a year	no data	no data
Kristian Johansen	Chairman	less than a year	no data	no data
Katrine Salveson	Director	less than a year	no data	no data
Tana Pool	Director	less than a year	no data	no data

0.2yrs

Average Tenure

Experienced Board: MSEIS's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.

This company listing is no longer active

Magseis Fairfield Management

Management criteria checks 1/4

Key information

Recent management updates

No independent directors

Magseis Fairfield ASA Announces Management Changes

Less than half of directors are independent

Less than half of directors are independent

Chief Financial Officer recently sold kr76k worth of stock

Independent Chairman of the Board recently bought kr1.0m worth of stock

Recent updates

Oslo Børs Decides to Delist the Shares in Magseis Fairfield Asa

TGS ASA (OB:TGS) completed the acquisition of 21.97% stake in Magseis Fairfield ASA (OB:MSEIS) for NOK8.08 per share.

Magseis Fairfield ASA to Report Q4, 2022 Results on Feb 09, 2023

Magseis Fairfield ASA to Report First Half, 2023 Results on Jul 20, 2023

No independent directors

Magseis Fairfield ASA Announces Management Changes

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TGS ASA (OB:TGS) completed the acquisition of Magseis Fairfield ASA (OB : MSEIS) from Fairfield Ms LLC, members of the Magseis Board and management and others.

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TGS ASA (OB:TGS) made a voluntary exchange offer to acquire Magseis Fairfield ASA (OB : MSEIS) from Fairfield MS, LLC, members of the Magseis Board and management and others for NOK 2.3 billion.

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Forecast breakeven date moved forward to 2022

Less than half of directors are independent

Less than half of directors are independent

Magseis Fairfield (OB:MSEIS) Is Making Moderate Use Of Debt

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Chief Financial Officer recently sold kr76k worth of stock

Third quarter 2021 earnings released: EPS US$0.001 (vs US$0.013 in 3Q 2020)

Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.012 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.06 loss per share (vs US$0.06 loss in 1Q 2020)

Co-Founder & Executive Director Jan Gateman has left the company

Independent Chairman of the Board recently bought kr1.0m worth of stock

Full year 2020 earnings released: US$0.078 loss per share (vs US$0.82 loss in FY 2019)

Full year 2020 earnings released: US$0.08 loss per share (vs US$0.82 loss in FY 2019)

Revenue and earnings miss expectations

Magseis Fairfield ASA Wins Obn Deep-Water Survey in Angola

New 90-day high: kr4.20

New 90-day high: kr3.90

Magseis Fairfield Receives Multiyear Ocean Bottom Nodes Services and Seismic Shooting Services on the Norwegian Continental Shelf

Magseis Fairfield Wins Deepwater OBN Monitor Survey in US Gulf of Mexico from First Quarter of 2021

New 90-day high: kr3.05

New 90-day high: kr2.03

Third quarter 2020 earnings released: EPS US$0.01

Revenue and earnings beat expectations

New 90-day high: kr1.86

Magseis Fairfield Announces Executive Changes

New 90-day low - kr1.42

Earnings released

Magseis Fairfield ASA has completed a Follow-on Equity Offering in the amount of NOK 277.44 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure