Omega Flex Management
Management criteria checks 3/4
Omega Flex's CEO is Dean Rivest, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $878.78K, comprised of 49.3% salary and 50.7% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth $119.13K. The average tenure of the management team and the board of directors is 0.6 years and 15 years respectively.
Key information
Dean Rivest
Chief executive officer
US$878.8k
Total compensation
| CEO salary percentage | 49.3% |
| CEO tenure | less than a year |
| CEO ownership | 0.02% |
| Management average tenure | less than a year |
| Board average tenure | 15yrs |
Recent management updates
Recent updates
Shareholders Are Optimistic That Omega Flex (NASDAQ:OFLX) Will Multiply In Value
Feb 16
Omega Flex: Becoming More Appealing, But Valuation Still Relatively High
Jan 22Capital Investments At Omega Flex (NASDAQ:OFLX) Point To A Promising Future
Nov 09Investors Shouldn't Overlook The Favourable Returns On Capital At Omega Flex (NASDAQ:OFLX)
Apr 14Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Jan 12Omega Flex GAAP EPS of $0.65, revenue of $31.63M
Oct 20Omega Flex declares $0.32 dividend
Sep 30Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Sep 29Does Omega Flex (NASDAQ:OFLX) Deserve A Spot On Your Watchlist?
Jul 31Here's Why I Think Omega Flex (NASDAQ:OFLX) Is An Interesting Stock
Apr 29Here's Why I Think Omega Flex (NASDAQ:OFLX) Is An Interesting Stock
Jan 28Omega Flex's (NASDAQ:OFLX) Dividend Will Be Increased To US$0.30
Sep 20Should You Be Adding Omega Flex (NASDAQ:OFLX) To Your Watchlist Today?
Aug 04Omega Flex's (NASDAQ:OFLX) Dividend Will Be Increased To US$0.30
Jun 12We Discuss Why The CEO Of Omega Flex, Inc. (NASDAQ:OFLX) Is Due For A Pay Rise
Jun 03Here's What You Should Know About Omega Flex, Inc.'s (NASDAQ:OFLX) 0.7% Dividend Yield
Apr 05This Insider Has Just Sold Shares In Omega Flex, Inc. (NASDAQ:OFLX)
Mar 18If You Like EPS Growth Then Check Out Omega Flex (NASDAQ:OFLX) Before It's Too Late
Mar 16Did You Participate In Any Of Omega Flex's (NASDAQ:OFLX) Incredible 410% Return?
Feb 23Declining Stock and Decent Financials: Is The Market Wrong About Omega Flex, Inc. (NASDAQ:OFLX)?
Jan 25Should You Buy Omega Flex, Inc. (NASDAQ:OFLX) For Its Dividend?
Dec 30
Omega Flex declares $0.28 dividend
Dec 11A Quick Analysis On Omega Flex's (NASDAQ:OFLX) CEO Compensation
Dec 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$21m |
| Sep 30 2023 | n/a | n/a | US$22m |
| Jun 30 2023 | n/a | n/a | US$23m |
| Mar 31 2023 | n/a | n/a | US$24m |
| Dec 31 2022 | US$879k | US$433k | US$24m |
| Sep 30 2022 | n/a | n/a | US$25m |
| Jun 30 2022 | n/a | n/a | US$25m |
| Mar 31 2022 | n/a | n/a | US$25m |
| Dec 31 2021 | US$767k | US$293k | US$26m |
| Sep 30 2021 | n/a | n/a | US$26m |
| Jun 30 2021 | n/a | n/a | US$24m |
| Mar 31 2021 | n/a | n/a | US$22m |
| Dec 31 2020 | US$527k | US$232k | US$20m |
Compensation vs Market: Dean's total compensation ($USD878.78K) is below average for companies of similar size in the US market ($USD3.45M).
Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.
CEO
Dean Rivest (52 yo)
less than a year
Tenure
US$878,776
Compensation
Mr. Dean W. Rivest served as President at Omega Flex, Inc. since January 19, 2022 until January 1, 2024 & serves as Chief Executive Officer and Director since January 1, 2024. He served as an Executive Vic...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 28.3yrs | US$2.60m | 8.91% $ 62.7m | |
| CEO & Director | less than a year | US$878.78k | 0.017% $ 119.1k | |
| President & Director | less than a year | US$676.78k | no data | |
| VP of Finance & CFO | 2.7yrs | US$390.53k | no data | |
| VP, General Counsel & Secretary | less than a year | no data | no data | |
| Senior Vice President of Corporate Development & Facilities Management | 18.3yrs | US$645.77k | no data | |
| Financial Controller | no data | no data | no data |
0.6yrs
Average Tenure
55.5yo
Average Age
Experienced Management: OFLX's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 28.3yrs | US$2.60m | 8.91% $ 62.7m | |
| CEO & Director | less than a year | US$878.78k | 0.017% $ 119.1k | |
| President & Director | less than a year | US$676.78k | no data | |
| Independent Vice Chairman | 19.3yrs | US$90.30k | 29.74% $ 209.2m | |
| Independent Director | 5.3yrs | US$81.11k | 0.0050% $ 34.8k | |
| Lead Independent Director | 15yrs | US$85.05k | 0.018% $ 128.9k | |
| Independent Director | 28.3yrs | US$79.80k | 0.018% $ 127.2k |
15.0yrs
Average Tenure
71yo
Average Age
Experienced Board: OFLX's board of directors are seasoned and experienced ( 15 years average tenure).