Hurco Companies Management

Management criteria checks 2/4

Hurco Companies' CEO is Greg Volovic, appointed in Mar 2013, has a tenure of 11.75 years. total yearly compensation is $2.32M, comprised of 25.3% salary and 74.7% bonuses, including company stock and options. directly owns 1.46% of the company’s shares, worth $1.76M. The average tenure of the management team and the board of directors is 8.3 years and 9.8 years respectively.

Key information

Greg Volovic

Chief executive officer

US$2.3m

Total compensation

CEO salary percentage	25.3%
CEO tenure	11.8yrs
CEO ownership	1.5%
Management average tenure	8.3yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

Hurco Companies, Inc. (NASDAQ:HURC) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Oct 10

With Global Manufacturing Growth Uncertain Hurco Gets A Hold Rating

Sep 07

Hurco's Results Reflect An Underlying Industrial Market That Is Still Under Real Pressure

Jun 07

Hurco Still Unfollowed And Unloved, But Delivering On Improving End-Market Conditions

Feb 01

Hurco Companies (NASDAQ:HURC) Is Paying Out A Larger Dividend Than Last Year

Jun 14

Hurco Companies' (NASDAQ:HURC) Performance Is Even Better Than Its Earnings Suggest

Jun 11

Hurco Seeing Real Evidence Of The Turn

Jun 08

Do Investors Have Good Reason To Be Wary Of Hurco Companies, Inc.'s (NASDAQ:HURC) 1.6% Dividend Yield?

Apr 16

Don't Race Out To Buy Hurco Companies, Inc. (NASDAQ:HURC) Just Because It's Going Ex-Dividend

Mar 21

Here's Why It's Unlikely That Hurco Companies, Inc.'s (NASDAQ:HURC) CEO Will See A Pay Rise This Year

Mar 05

Investors Who Bought Hurco Companies (NASDAQ:HURC) Shares Five Years Ago Are Now Up 23%

Feb 17

Have Insiders Been Selling Hurco Companies, Inc. (NASDAQ:HURC) Shares?

Jan 27

Hurco reports Q4 results

Jan 08

Dividend Investors: Don't Be Too Quick To Buy Hurco Companies, Inc. (NASDAQ:HURC) For Its Upcoming Dividend

Jan 01

What You Need To Know About Hurco Companies, Inc.'s (NASDAQ:HURC) Investor Composition

Dec 10

Hurco declares $0.13 dividend

Nov 13

CEO Compensation Analysis

How has Greg Volovic's remuneration changed compared to Hurco Companies's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	n/a	n/a	-US$13m
Apr 30 2024	n/a	n/a	-US$3m
Jan 31 2024	n/a	n/a	US$1m
Oct 31 2023	US$2m	US$587k	US$4m
Jul 31 2023	n/a	n/a	US$3m
Apr 30 2023	n/a	n/a	US$4m
Jan 31 2023	n/a	n/a	US$6m
Oct 31 2022	US$2m	US$548k	US$8m
Jul 31 2022	n/a	n/a	US$9m
Apr 30 2022	n/a	n/a	US$9m
Jan 31 2022	n/a	n/a	US$10m
Oct 31 2021	US$2m	US$436k	US$7m
Jul 31 2021	n/a	n/a	US$1m
Apr 30 2021	n/a	n/a	US$2m
Jan 31 2021	n/a	n/a	-US$5m
Oct 31 2020	US$1m	US$417k	-US$6m
Jul 31 2020	n/a	n/a	-US$549k
Apr 30 2020	n/a	n/a	US$773k
Jan 31 2020	n/a	n/a	US$10m
Oct 31 2019	US$2m	US$402k	US$17m
Jul 31 2019	n/a	n/a	US$24m
Apr 30 2019	n/a	n/a	US$27m
Jan 31 2019	n/a	n/a	US$25m
Oct 31 2018	US$2m	US$387k	US$21m

Compensation vs Market: Greg's total compensation ($USD2.32M) is above average for companies of similar size in the US market ($USD651.40K).

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

CEO

Greg Volovic (59 yo)

11.8yrs

Tenure

US$2,318,419

Compensation

Mr. Gregory S. Volovic, also known as Greg, serves as Chief Executive Officer at Hurco Companies Inc. since March 12, 2021. Mr. Volovic serves as President of Hurco Companies Inc. since March 14, 2013 and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Doar	Executive Chairman	24.9yrs	US$1.69m	2.98% $ 3.6m
Gregory Volovic	President	11.8yrs	US$2.32m	1.46% $ 1.8m
Sonja McClelland	Executive VP	10.8yrs	US$1.37m	1.26% $ 1.5m
Haiquynh Jamison	Corporate Controller & Principal Accounting Officer	3.8yrs	US$372.39k	0.081% $ 97.4k
Jonathon Wright	General Counsel & Corporate Secretary	8.3yrs	US$445.00k	0.084% $ 102.0k

8.3yrs

Average Tenure

52yo

Average Age

Experienced Management: HURC's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Doar	Executive Chairman	24.9yrs	US$1.69m	2.98% $ 3.6m
Gregory Volovic	President	5.8yrs	US$2.32m	1.46% $ 1.8m
Jay Longbottom	Independent Director	9.8yrs	US$124.99k	0.32% $ 382.8k
Janaki Sivanesan	Independent Director	16.8yrs	US$134.99k	0.49% $ 594.5k
Cynthia Dubin	Independent Director	5.8yrs	US$129.99k	0.23% $ 274.5k
Richard Porter	Independent Director	12.8yrs	US$144.99k	0.22% $ 269.7k
Thomas Aaro	Independent Director	9.8yrs	US$124.99k	0.32% $ 382.8k
Timothy Gardner	Independent Director	7.8yrs	US$132.49k	0.28% $ 333.9k

9.8yrs

Average Tenure

67yo

Average Age

Experienced Board: HURC's board of directors are considered experienced (9.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 02:57
End of Day Share Price	2024/12/24 00:00
Earnings	2024/07/31
Annual Earnings	2023/10/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Hurco Companies, Inc. is covered by 2 analysts. 0 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
Leszek Sulewski	Sidoti & Company, LLC
Gregory Garner	Singular Research

Hurco Companies Management

Management criteria checks 2/4

Key information

Recent management updates

Hurco Companies, Inc., Annual General Meeting, Mar 14, 2024

President recently bought US$50k worth of stock

Hurco Companies, Inc., Annual General Meeting, Mar 09, 2023

Executive Chairman exercised options to buy US$210k worth of stock.

Insufficient new directors

Insufficient new directors

Recent updates

Hurco Companies, Inc.'S AI Innovations Set to Revolutionize the Industry, Ushering in a New Era of Speed and Precision

Hurco Companies, Inc. (NASDAQ:HURC) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Third quarter 2024 earnings released: US$1.47 loss per share (vs US$0.04 profit in 3Q 2023)

With Global Manufacturing Growth Uncertain Hurco Gets A Hold Rating

Second quarter 2024 earnings released: US$0.60 loss per share (vs US$0.057 profit in 2Q 2023)

Hurco's Results Reflect An Underlying Industrial Market That Is Still Under Real Pressure

Hurco Hammered As Short-Cycle Manufacturing Trends Remain Weak

Upcoming dividend of US$0.16 per share

Hurco Companies (NASDAQ:HURC) Will Pay A Dividend Of $0.16

First quarter dividend of US$0.16 announced

Hurco Companies, Inc. Announces Quarterly Cash Dividend, Payable on April 12, 2024

First quarter 2024 earnings released: US$0.25 loss per share (vs US$0.20 profit in 1Q 2023)

Earnings Not Telling The Story For Hurco Companies, Inc. (NASDAQ:HURC)

Investor sentiment deteriorates as stock falls 18%

Hurco Companies, Inc., Annual General Meeting, Mar 14, 2024

Full year 2023 earnings released: EPS: US$0.67 (vs US$1.24 in FY 2022)

Hurco Companies, Inc. to Report Q4, 2023 Results on Jan 05, 2024

Hurco Companies, Inc. to Report Q4, 2023 Results on Jan 05, 2024

Upcoming dividend of US$0.16 per share at 2.9% yield

Hurco Companies, Inc. Approves Cash Dividend, Payable on January 16, 2024

Upcoming dividend of US$0.16 per share at 2.9% yield

President recently bought US$50k worth of stock

Hurco Companies, Inc. Approves Cash Dividend, Payable on October 16, 2023

Third quarter 2023 earnings released: EPS: US$0.04 (vs US$0.19 in 3Q 2022)

Upcoming dividend of US$0.16 per share at 2.9% yield

Hurco Companies, Inc. Approves Cash Dividend, Payable on July 10, 2023

Second quarter 2023 earnings released: EPS: US$0.058 (vs US$0.30 in 2Q 2022)

Upcoming dividend of US$0.16 per share at 2.4% yield

First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.53 in 1Q 2022)

Hurco Companies, Inc., Annual General Meeting, Mar 09, 2023

Hurco Companies, Inc. (NasdaqGS:HURC) announces an Equity Buyback for $25 million worth of its shares.

Full year 2022 earnings released: EPS: US$1.25 (vs US$1.01 in FY 2021)

Upcoming dividend of US$0.15 per share

Executive Chairman exercised options to buy US$210k worth of stock.

Insufficient new directors

Hurco Companies, Inc. Announces Quarterly Cash Dividend, to Be Paid January 17, 2023

Upcoming dividend of US$0.15 per share

Hurco Companies, Inc. Announces Quarterly Cash Dividend, Payable on October 17, 2022

Hurco declares $0.15 dividend

Third quarter 2022 earnings released: EPS: US$0.19 (vs US$0.23 in 3Q 2021)

Hurco GAAP EPS of $0.18, revenue of $57.64M

Hurco Already Hit Hard In Anticipation Of Weaker Capex Spending

Upcoming dividend of US$0.15 per share

Hurco Companies: Buying On A Confirmed Swing

Hurco Companies, Inc. Announces Quarterly Cash Dividend, Payable on July 11, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Insufficient new directors

Upcoming dividend of US$0.15 per share

Hurco Leveraging Improving Demand, But Orders Need To Be Watched

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Hurco Still Unfollowed And Unloved, But Delivering On Improving End-Market Conditions

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.14 per share

Executive VP exercised options to buy US$160k worth of stock.

Executive Chairman exercised options to buy US$545k worth of stock.

Upcoming dividend of US$0.14 per share

Third quarter 2021 earnings released: EPS US$0.24 (vs US$0.32 in 3Q 2020)

Hurco Companies, Inc.(NasdaqGS:HURC) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.14 per share

Hurco Companies (NASDAQ:HURC) Is Paying Out A Larger Dividend Than Last Year

Hurco Companies' (NASDAQ:HURC) Performance Is Even Better Than Its Earnings Suggest

Hurco Seeing Real Evidence Of The Turn

Second quarter 2021 earnings released: EPS US$0.37 (vs US$0.58 loss in 2Q 2020)

Do Investors Have Good Reason To Be Wary Of Hurco Companies, Inc.'s (NASDAQ:HURC) 1.6% Dividend Yield?

Don't Race Out To Buy Hurco Companies, Inc. (NASDAQ:HURC) Just Because It's Going Ex-Dividend

Upcoming Dividend of US$0.14 Per Share

Presiding Independent Director has left the company

Hurco Companies, Inc. Announces Management Changes