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 2.42 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 $1.47M. The average tenure of the management team and the board of directors is 2.4 years and 8.5 years respectively.
Key information
Jag Reddy
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 23.5% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.4yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Mayville Engineering: Demand Shock Resulting In Significant Cost Reductions
Nov 30Need To Know: The Consensus Just Cut Its Mayville Engineering Company, Inc. (NYSE:MEC) Estimates For 2025
Nov 14
After Surging, Mayville Engineering Company Deserves More Upside
Aug 19Does Mayville Engineering Company (NYSE:MEC) Have A Healthy Balance Sheet?
Aug 06What You Can Learn From Mayville Engineering Company, Inc.'s (NYSE:MEC) P/E
Jul 16Mayville Engineering Company: As Mr. Market Becomes More Bearish, I Become More Bullish
May 06With Mayville Engineering Company, Inc. (NYSE:MEC) It Looks Like You'll Get What You Pay For
Jan 04Mayville Engineering: Slowing Demand Expected In All 5 Primary End Markets
Dec 23Should You Investigate Mayville Engineering Company, Inc. (NYSE:MEC) At US$10.77?
Sep 12Mayville Engineering : Value May Not Be Enough At Present
Sep 12Mayville Engineering: Engineering Growth
Jun 22Is There An Opportunity With Mayville Engineering Company, Inc.'s (NYSE:MEC) 26% Undervaluation?
Jun 22At US$13.32, Is It Time To Put Mayville Engineering Company, Inc. (NYSE:MEC) On Your Watch List?
Jun 07These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively
May 20Mayville Engineering Company (NYSE:MEC) Hasn't Managed To Accelerate Its Returns
May 05Mayville Engineering Company, Inc. (NYSE:MEC) Shares Could Be 45% Below Their Intrinsic Value Estimate
Mar 03Mayville Engineering Company: Still A Solid Prospect For Value Investors
Feb 16Market Participants Recognise Mayville Engineering Company, Inc.'s (NYSE:MEC) Earnings Pushing Shares 76% Higher
Nov 22Mayville Engineering GAAP EPS of $0.32 beats by $0.11, revenue of $136.3M beats by $8.07M
Nov 01Mayville Engineering Company (NYSE:MEC) Has A Somewhat Strained Balance Sheet
Nov 01Mayville Engineering reports Q2 mixed earnings; reiterates FY 2022 guidance
Aug 03Mayville Engineering names new CEO as Bob Kamphuis retires
Jul 20We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt
May 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$12m |
| Jun 30 2024 | n/a | n/a | US$11m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$3m | US$695k | US$8m |
| Sep 30 2023 | n/a | n/a | US$8m |
| Jun 30 2023 | n/a | n/a | US$13m |
| Mar 31 2023 | n/a | n/a | US$17m |
| Dec 31 2022 | US$2m | US$296k | US$19m |
Compensation vs Market: Jag's total compensation ($USD2.96M) is above average for companies of similar size in the US market ($USD2.22M).
Compensation vs Earnings: Jag's compensation has increased by more than 20% in the past year.
CEO
Jag Reddy (52 yo)
2.4yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | US$2.96m | 0.44% $ 1.5m | |
| CFO, Secretary & Treasurer | 10.9yrs | US$1.70m | 0.94% $ 3.2m | |
| Executive Vice President of Strategy | 6.1yrs | US$1.70m | 0.60% $ 2.0m | |
| Senior VP of Corporate Development & General Counsel | 1.9yrs | no data | 0.044% $ 148.0k | |
| Chief Human Resources Officer | 1.8yrs | no data | 0.036% $ 121.8k |
2.4yrs
Average Tenure
52yo
Average Age
Experienced Management: MEC's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | US$2.96m | 0.44% $ 1.5m | |
| Independent Director | 8.9yrs | US$171.01k | 0.32% $ 1.1m | |
| Independent Director | 16.4yrs | US$177.01k | 0.12% $ 400.2k | |
| Independent Director | 2yrs | US$169.01k | 0.047% $ 157.4k | |
| Independent Non-Executive Chair | 8.5yrs | US$221.03k | 0.63% $ 2.1m | |
| Independent Director | 11.1yrs | US$183.01k | 0.15% $ 509.3k | |
| Independent Director | 4yrs | US$179.01k | 0.077% $ 258.3k |
8.5yrs
Average Tenure
65yo
Average Age
Experienced Board: MEC's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 20:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Mayville Engineering Company, Inc. is covered by 5 analysts. 3 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 |
|---|---|
| Andrew Kaplowitz | Citigroup Inc |
| Stephen Volkmann | Jefferies LLC |
| Edward Jackson | Northland Capital Markets |