Bogota Financial Management
Management criteria checks 2/4
Bogota Financial's CEO is Kevin Pace, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is $440.85K, comprised of 64.9% salary and 35.1% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $359.28K. The average tenure of the management team and the board of directors is 3.3 years and 2.6 years respectively.
Key information
Kevin Pace
Chief executive officer
US$440.8k
Total compensation
| CEO salary percentage | 64.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | 3.3yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
Bogota Financial gets approval to buy back up to ~556.6K shares
Oct 04Is Now The Time To Put Bogota Financial (NASDAQ:BSBK) On Your Watchlist?
May 18
Bogota Financial reports Q1 results
May 04How Much Are Bogota Financial Corp. (NASDAQ:BSBK) Insiders Spending On Buying Shares?
Feb 19
Would Shareholders Who Purchased Bogota Financial's (NASDAQ:BSBK) Stock Year Be Happy With The Share price Today?
Jan 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$791k |
| Dec 31 2023 | US$441k | US$286k | US$643k |
| Sep 30 2023 | n/a | n/a | US$4m |
| Jun 30 2023 | n/a | n/a | US$6m |
| Mar 31 2023 | n/a | n/a | US$6m |
| Dec 31 2022 | US$406k | US$251k | US$7m |
| Sep 30 2022 | n/a | n/a | US$7m |
| Jun 30 2022 | n/a | n/a | US$6m |
| Mar 31 2022 | n/a | n/a | US$6m |
| Dec 31 2021 | US$1m | US$211k | US$8m |
| Sep 30 2021 | n/a | n/a | US$7m |
| Jun 30 2021 | n/a | n/a | US$6m |
| Mar 31 2021 | n/a | n/a | US$6m |
| Dec 31 2020 | US$322k | US$211k | US$2m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | US$2m |
| Mar 31 2020 | n/a | n/a | US$729k |
| Dec 31 2019 | US$243k | US$166k | US$2m |
| Sep 30 2019 | n/a | n/a | US$2m |
| Jun 30 2019 | n/a | n/a | US$3m |
| Mar 31 2019 | n/a | n/a | US$3m |
| Dec 31 2018 | US$190k | US$140k | US$4m |
Compensation vs Market: Kevin's total compensation ($USD440.85K) is below average for companies of similar size in the US market ($USD663.07K).
Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.
CEO
Kevin Pace (44 yo)
less than a year
Tenure
US$440,849
Compensation
Mr. Kevin Pace serves as CEO, President and Director at Bogota Financial, MHC since November 30, 2023. He serves as President and Chief Executive Officer since November 30, 2023 at Bogota Savings Bank. Mr....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$440.85k | 0.42% $ 356.0k | |
| Executive VP & CFO | 13.3yrs | US$372.65k | 0.37% $ 311.8k | |
| Executive VP & Chief Lending Officer | 3.3yrs | US$286.69k | 0.074% $ 62.6k | |
| Senior Vice President of Loan Sales | 3.3yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
3.3yrs
Average Tenure
62yo
Average Age
Experienced Management: BSBK's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$440.85k | 0.42% $ 356.0k | |
| Independent Director | 12.3yrs | US$107.54k | 1.34% $ 1.1m | |
| Independent Director | 2yrs | US$78.85k | 0.067% $ 56.2k | |
| Advisory Director | less than a year | US$2.06m | 0.78% $ 653.0k | |
| Independent Chairman of the Board | 18.3yrs | US$120.11k | 0.30% $ 254.8k | |
| Independent Director | 3.3yrs | US$78.85k | 0.018% $ 15.1k |
2.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: BSBK's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.