Mayville Engineering Company, Inc.

NYSE:MEC Stock Report

Market Cap: US$336.9m

Mayville Engineering Company Management

Management criteria checks 2/4

Mayville Engineering Company's CEO is Jag Reddy, appointed in Jul 2022, has a tenure of 2.33 years. total yearly compensation is $2.96M, comprised of 23.5% salary and 76.5% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth $1.48M. The average tenure of the management team and the board of directors is 2.3 years and 8.4 years respectively.

Key information

Jag Reddy

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage23.5%
CEO tenure2.3yrs
CEO ownership0.4%
Management average tenure2.3yrs
Board average tenure8.4yrs

Recent management updates

Recent updates

Need To Know: The Consensus Just Cut Its Mayville Engineering Company, Inc. (NYSE:MEC) Estimates For 2025

Nov 14
Need To Know: The Consensus Just Cut Its Mayville Engineering Company, Inc. (NYSE:MEC) Estimates For 2025

After Surging, Mayville Engineering Company Deserves More Upside

Aug 19

Does Mayville Engineering Company (NYSE:MEC) Have A Healthy Balance Sheet?

Aug 06
Does Mayville Engineering Company (NYSE:MEC) Have A Healthy Balance Sheet?

What You Can Learn From Mayville Engineering Company, Inc.'s (NYSE:MEC) P/E

Jul 16
What You Can Learn From Mayville Engineering Company, Inc.'s (NYSE:MEC) P/E

Mayville Engineering Company: As Mr. Market Becomes More Bearish, I Become More Bullish

May 06

With Mayville Engineering Company, Inc. (NYSE:MEC) It Looks Like You'll Get What You Pay For

Jan 04
With Mayville Engineering Company, Inc. (NYSE:MEC) It Looks Like You'll Get What You Pay For

Mayville Engineering: Slowing Demand Expected In All 5 Primary End Markets

Dec 23

Should You Investigate Mayville Engineering Company, Inc. (NYSE:MEC) At US$10.77?

Sep 12
Should You Investigate Mayville Engineering Company, Inc. (NYSE:MEC) At US$10.77?

Mayville Engineering : Value May Not Be Enough At Present

Sep 12

Mayville Engineering: Engineering Growth

Jun 22

Is There An Opportunity With Mayville Engineering Company, Inc.'s (NYSE:MEC) 26% Undervaluation?

Jun 22
Is There An Opportunity With Mayville Engineering Company, Inc.'s (NYSE:MEC) 26% Undervaluation?

At US$13.32, Is It Time To Put Mayville Engineering Company, Inc. (NYSE:MEC) On Your Watch List?

Jun 07
At US$13.32, Is It Time To Put Mayville Engineering Company, Inc. (NYSE:MEC) On Your Watch List?

These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively

May 20
These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively

Mayville Engineering Company (NYSE:MEC) Hasn't Managed To Accelerate Its Returns

May 05
Mayville Engineering Company (NYSE:MEC) Hasn't Managed To Accelerate Its Returns

Mayville Engineering Company, Inc. (NYSE:MEC) Shares Could Be 45% Below Their Intrinsic Value Estimate

Mar 03
Mayville Engineering Company, Inc. (NYSE:MEC) Shares Could Be 45% Below Their Intrinsic Value Estimate

Mayville Engineering Company: Still A Solid Prospect For Value Investors

Feb 16

Market Participants Recognise Mayville Engineering Company, Inc.'s (NYSE:MEC) Earnings Pushing Shares 76% Higher

Nov 22
Market Participants Recognise Mayville Engineering Company, Inc.'s (NYSE:MEC) Earnings Pushing Shares 76% Higher

Mayville Engineering GAAP EPS of $0.32 beats by $0.11, revenue of $136.3M beats by $8.07M

Nov 01

Mayville Engineering Company (NYSE:MEC) Has A Somewhat Strained Balance Sheet

Nov 01
Mayville Engineering Company (NYSE:MEC) Has A Somewhat Strained Balance Sheet

Mayville Engineering reports Q2 mixed earnings; reiterates FY 2022 guidance

Aug 03

Mayville Engineering names new CEO as Bob Kamphuis retires

Jul 20

We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt

May 19
We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt

CEO Compensation Analysis

How has Jag Reddy's remuneration changed compared to Mayville Engineering Company's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$12m

Jun 30 2024n/an/a

US$11m

Mar 31 2024n/an/a

US$9m

Dec 31 2023US$3mUS$695k

US$8m

Sep 30 2023n/an/a

US$8m

Jun 30 2023n/an/a

US$13m

Mar 31 2023n/an/a

US$17m

Dec 31 2022US$2mUS$296k

US$19m

Compensation vs Market: Jag's total compensation ($USD2.96M) is above average for companies of similar size in the US market ($USD2.16M).

Compensation vs Earnings: Jag's compensation has increased by more than 20% in the past year.


CEO

Jag Reddy (52 yo)

2.3yrs

Tenure

US$2,956,326

Compensation

Mr. Jagadeesh A. Reddy, also known as Jag, is President, Chief Executive Officer and Director of Mayville Engineering Company, Inc. from July 19, 2022. He was Vice President of Strategy & Growth from Septe...


Leadership Team

NamePositionTenureCompensationOwnership
Jagadeesh Reddy
President2.3yrsUS$2.96m0.44%
$ 1.5m
Todd Butz
CFO, Secretary & Treasurer10.8yrsUS$1.70m0.94%
$ 3.2m
Ryan Raber
Executive Vice President of Strategy6yrsUS$1.70m0.60%
$ 2.0m
Sean Leuba
Senior VP of Corporate Development & General Counsel1.8yrsno data0.044%
$ 149.2k
Rachele Lehr
Chief Human Resources Officer1.7yrsno data0.036%
$ 122.7k

2.3yrs

Average Tenure

52yo

Average Age

Experienced Management: MEC's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jagadeesh Reddy
President2.3yrsUS$2.96m0.44%
$ 1.5m
Allen Carlson
Independent Director8.8yrsUS$171.01k0.32%
$ 1.1m
Jay Rothman
Independent Director16.3yrsUS$177.01k0.12%
$ 403.5k
Robert McCormick
Independent Director1.9yrsUS$169.01k0.047%
$ 158.7k
Timothy Christen
Independent Non-Executive Chair8.4yrsUS$221.03k0.63%
$ 2.1m
Steven Fisher
Independent Director11yrsUS$183.01k0.15%
$ 513.4k
Jennifer Kent
Independent Director3.9yrsUS$179.01k0.077%
$ 260.4k

8.4yrs

Average Tenure

65yo

Average Age

Experienced Board: MEC's board of directors are considered experienced (8.4 years average tenure).