Primoris Services Management
Management criteria checks 3/4
Primoris Services' CEO is Tom McCormick, appointed in Apr 2019, has a tenure of 4.67 years. total yearly compensation is $7.00M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $3.78M. The average tenure of the management team and the board of directors is 5.2 years and 4.7 years respectively.
Key information
Tom McCormick
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 12.7% |
| CEO tenure | 5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.2yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Primoris Services Corporation's (NYSE:PRIM) P/E Still Appears To Be Reasonable
Apr 18
Primoris: AI Power Play
Apr 02At US$42.57, Is It Time To Put Primoris Services Corporation (NYSE:PRIM) On Your Watch List?
Mar 31Primoris Services Corporation (NYSE:PRIM) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 29Here's Why We Think Primoris Services (NYSE:PRIM) Might Deserve Your Attention Today
Jan 29Should You Investigate Primoris Services Corporation (NYSE:PRIM) At US$32.21?
Dec 12Primoris Services (NYSE:PRIM) Takes On Some Risk With Its Use Of Debt
Nov 06Primoris Services: IRA Tailwind Not Priced In
Oct 11Primoris Services Corporation: Growth, Value, And Momentum
Sep 06Is Now An Opportune Moment To Examine Primoris Services Corporation (NYSE:PRIM)?
Aug 01Do Primoris Services' (NYSE:PRIM) Earnings Warrant Your Attention?
Jul 13We Think Primoris Services (NYSE:PRIM) Is Taking Some Risk With Its Debt
Jun 07Primoris Services: Looking Solid For FY23
Jun 02Primoris Services (NYSE:PRIM) Will Pay A Dividend Of $0.06
May 15Is There An Opportunity With Primoris Services Corporation's (NYSE:PRIM) 21% Undervaluation?
Apr 25Is It Too Late To Consider Buying Primoris Services Corporation (NYSE:PRIM)?
Apr 10Primoris Services (NASDAQ:PRIM) Has A Somewhat Strained Balance Sheet
Jan 25Why Primoris Services Corporation (NASDAQ:PRIM) Could Be Worth Watching
Jan 07Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Dec 15Primoris Services (NASDAQ:PRIM) Will Pay A Dividend Of $0.06
Nov 26Primoris Services (NASDAQ:PRIM) Is Due To Pay A Dividend Of $0.06
Nov 12Primoris Services goes ex-dividend tomorrow
Sep 28Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Sep 28Is Now The Time To Look At Buying Primoris Services Corporation (NASDAQ:PRIM)?
Sep 24Primoris secures $120M contract for 60 miles of pipeline in Texas
Sep 07These 4 Measures Indicate That Primoris Services (NASDAQ:PRIM) Is Using Debt Extensively
Sep 01Primoris Services awarded $270M solar project
Aug 23Primoris Services (NASDAQ:PRIM) Has Announced A Dividend Of $0.06
Aug 12Analysts Are Betting On Primoris Services Corporation (NASDAQ:PRIM) With A Big Upgrade This Week
Aug 11Primoris Services Non-GAAP EPS of $0.48 misses by $0.17, revenue of $1.02B beats by $93.85M
Aug 08Primoris secures contract at over $170M
Jul 06Primoris: Building The Business
Jun 29Primoris Services (NASDAQ:PRIM) Has Affirmed Its Dividend Of US$0.06
Jun 27Primoris Services (NASDAQ:PRIM) Has Affirmed Its Dividend Of US$0.06
Jun 05Should You Investigate Primoris Services Corporation (NASDAQ:PRIM) At US$24.77?
May 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$7m | US$891k | US$126m |
| Sep 30 2023 | n/a | n/a | US$130m |
| Jun 30 2023 | n/a | n/a | US$125m |
| Mar 31 2023 | n/a | n/a | US$136m |
| Dec 31 2022 | US$3m | US$833k | US$133m |
| Sep 30 2022 | n/a | n/a | US$121m |
| Jun 30 2022 | n/a | n/a | US$122m |
| Mar 31 2022 | n/a | n/a | US$108m |
| Dec 31 2021 | US$3m | US$737k | US$116m |
| Sep 30 2021 | n/a | n/a | US$118m |
| Jun 30 2021 | n/a | n/a | US$118m |
| Mar 31 2021 | n/a | n/a | US$115m |
| Dec 31 2020 | US$2m | US$653k | US$105m |
| Sep 30 2020 | n/a | n/a | US$100m |
| Jun 30 2020 | n/a | n/a | US$92m |
| Mar 31 2020 | n/a | n/a | US$77m |
| Dec 31 2019 | US$1m | US$594k | US$82m |
| Sep 30 2019 | n/a | n/a | US$88m |
| Jun 30 2019 | n/a | n/a | US$85m |
| Mar 31 2019 | n/a | n/a | US$79m |
| Dec 31 2018 | US$1m | US$560k | US$77m |
| Sep 30 2018 | n/a | n/a | US$68m |
| Jun 30 2018 | n/a | n/a | US$56m |
| Mar 31 2018 | n/a | n/a | US$65m |
| Dec 31 2017 | US$1m | US$539k | US$72m |
Compensation vs Market: Tom's total compensation ($USD7.00M) is about average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Tom McCormick (61 yo)
5yrs
Tenure
US$7,004,628
Compensation
Mr. Thomas E. McCormick, also known as Tom, has been the Chief Executive Officer and President of Primoris Services Corporation since November 4, 2019 and April 1, 2019 respectively and serves as its Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5yrs | US$7.00m | 0.16% $ 3.8m | |
| Executive VP & CFO | 5.4yrs | US$3.00m | 0.087% $ 2.1m | |
| Executive VP | 10.9yrs | US$3.22m | 0.30% $ 7.1m | |
| Chief Accounting Officer & Senior VP of Finance | 5.5yrs | no data | 0.017% $ 403.5k | |
| Chief Information Officer | 1.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 1.3yrs | no data | no data |
5.2yrs
Average Tenure
57.5yo
Average Age
Experienced Management: PRIM's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.7yrs | US$7.00m | 0.16% $ 3.8m | |
| Independent Director | 3.8yrs | US$240.91k | 0.050% $ 1.2m | |
| Independent Director | 5.1yrs | US$245.91k | 0.044% $ 1.0m | |
| Independent Director | 7.4yrs | US$240.91k | 0.41% $ 9.7m | |
| Independent Lead Director | 15.8yrs | US$255.91k | 0.018% $ 437.1k | |
| Independent Director | 3.8yrs | US$240.91k | 0.031% $ 737.5k | |
| Independent Director | 1.9yrs | US$225.91k | 0.016% $ 392.3k | |
| Non-Executive Chairman | 8.9yrs | US$345.91k | 0.054% $ 1.3m | |
| Independent Director | 2.9yrs | US$225.91k | 0.025% $ 585.8k |
4.7yrs
Average Tenure
64yo
Average Age
Experienced Board: PRIM's board of directors are considered experienced (4.7 years average tenure).