How has Paul Voigt's remuneration changed compared to INNOVATE's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$31m
Jun 30 2024	n/a	n/a	-US$23m
Mar 31 2024	n/a	n/a	-US$40m
Dec 31 2023	US$481k	US$210k	-US$38m
Sep 30 2023	n/a	n/a	-US$35m
Jun 30 2023	n/a	n/a	-US$34m
Mar 31 2023	n/a	n/a	-US$37m
Dec 31 2022	n/a	n/a	-US$41m
Sep 30 2022	n/a	n/a	-US$39m
Jun 30 2022	n/a	n/a	-US$45m
Mar 31 2022	n/a	n/a	-US$53m
Dec 31 2021	n/a	n/a	-US$80m
Sep 30 2021	n/a	n/a	-US$88m
Jun 30 2021	n/a	n/a	-US$101m
Mar 31 2021	n/a	n/a	-US$74m
Dec 31 2020	n/a	n/a	-US$46m
Sep 30 2020	n/a	n/a	-US$64m
Jun 30 2020	n/a	n/a	-US$46m
Mar 31 2020	n/a	n/a	-US$35m
Dec 31 2019	n/a	n/a	-US$18m
Sep 30 2019	n/a	n/a	-US$1m
Jun 30 2019	n/a	n/a	US$143m
Mar 31 2019	n/a	n/a	US$176m
Dec 31 2018	US$2m	US$114k	US$139m
Sep 30 2018	n/a	n/a	US$145m
Jun 30 2018	n/a	n/a	US$1m
Mar 31 2018	n/a	n/a	-US$67m
Dec 31 2017	US$3m	US$300k	-US$50m

Compensation vs Market: Paul's total compensation ($USD481.49K) is about average for companies of similar size in the US market ($USD654.40K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Voigt (65 yo)

1.4yrs

Tenure

US$481,486

Compensation

Mr. Paul Kenneth Voigt served as Senior Managing Director of Investments at HC2 Holdings, Inc. from October 2014 to May 9, 2018. He is Interim Chief Executive Officer at INNOVATE Corp. since July 26, 2023....

Board Members

Name	Position	Tenure	Compensation	Ownership
Avram Glazer	Independent Chairman of the Board	4.6yrs	US$175.13k	50.99% $ 35.5m
Warren Gfeller	Independent Director	8.5yrs	US$168.38k	0.39% $ 269.5k
Brian Goldstein	Independent Director	2.5yrs	US$251.75k	0.25% $ 171.2k
Amy Wilkinson	Independent Director	2.3yrs	US$157.88k	0.23% $ 160.3k

3.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: VATE's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 19:22
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	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

INNOVATE Corp. 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
Sarkis Sherbetchyan	B. Riley Securities, Inc.
Barry Sine	Drexel Hamilton

INNOVATE Management

Management criteria checks 3/4

Key information

Recent management updates

Interim Chief Executive Officer recently bought US$100k worth of stock

Interim Chief Executive Officer recently bought US$166k worth of stock

Independent Chairman of the Board exercised options to buy US$27m worth of stock.

INNOVATE Corp., Annual General Meeting, Jun 13, 2024

INNOVATE Corp. to Cease Suzi Herbst as Chief Operating Officer on or Around October 20, 2023

Innovate Corp. Announces Chief Executive Officer Changes

Recent updates

Interim Chief Executive Officer recently bought US$100k worth of stock

Third quarter 2024 earnings released: US$1.18 loss per share (vs US$0.93 loss in 3Q 2023)

INNOVATE Corp. to Report Q3, 2024 Results on Nov 06, 2024

Interim Chief Executive Officer recently bought US$166k worth of stock

INNOVATE Regains Compliance with NYSE Minimum Price Requirement

Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.14 loss in 2Q 2023)

INNOVATE Corp. to Report Q2, 2024 Results on Aug 07, 2024

New major risk - Shareholder dilution

Independent Chairman of the Board exercised options to buy US$27m worth of stock.

New major risk - Share price stability

First quarter 2024 earnings released: US$0.23 loss per share (vs US$0.13 loss in 1Q 2023)

INNOVATE Corp., Annual General Meeting, Jun 13, 2024

Now 30% overvalued

INNOVATE Corp. to Report Q1, 2024 Results on May 07, 2024

Now 20% overvalued

Now 21% undervalued after recent price drop

Full year 2023 earnings released: US$0.45 loss per share (vs US$0.53 loss in FY 2022)

INNOVATE Corp. has filed a Follow-on Equity Offering in the amount of $19 million.

INNOVATE Receives Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standard Set in Section 802.01C of the NYSE’s Listed Company Manual

INNOVATE Corp. has filed a Follow-on Equity Offering.

INNOVATE Corp. to Report Q4, 2023 Results on Mar 04, 2024

Third quarter 2023 earnings released: US$0.093 loss per share (vs US$0.085 loss in 3Q 2022)

INNOVATE Corp. to Report Q3, 2023 Results on Nov 09, 2023

New minor risk - Market cap size

INNOVATE Corp. to Cease Suzi Herbst as Chief Operating Officer on or Around October 20, 2023

Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.17 loss in 2Q 2022)

Innovate Corp. Announces Chief Executive Officer Changes

INNOVATE Corp. Announces the Demise of Wayne Barr, President and Director

INNOVATE Corp. to Report Q2, 2023 Results on Aug 08, 2023

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation

New major risk - Share price stability

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.18 loss in 1Q 2022)

Full year 2022 earnings released: US$0.53 loss per share (vs US$1.04 loss in FY 2021)

INNOVATE Corp. to Report Q4, 2022 Results on Mar 08, 2023

Best New Idea For 2023: Innovate

Third quarter 2022 earnings released: US$0.085 loss per share (vs US$0.17 loss in 3Q 2021)

INNOVATE Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from NYSE

Innovate GAAP EPS of -$0.09, revenue of $423M

INNOVATE Corp. to Report Q3, 2022 Results on Nov 02, 2022

INNOVATE Corp. Announces Resignation of Joseph Ferraro as Chief Legal Officer

Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.29 loss in 2Q 2021)

Innovate GAAP EPS of -$0.18, revenue of $392.2M

INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors

INNOVATE Corp. to Report Q2, 2022 Results on Aug 03, 2022

INNOVATE Notifies NYSE That the Company Was No Longer in Compliance with Section 303A.07(a) of the NYSE Listed Company Manual

INNOVATE Corp.(NYSE:VATE) dropped from Russell 2000 Dynamic Index

Independent Director recently sold US$67k worth of stock

INNOVATE Corp. Announces Board of Directors Resignations

Independent Chairman of the Board recently bought US$1.1m worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

INNOVATE Corp. to Report Q4, 2021 Results on Mar 09, 2022

INNOVATE Corp. Promotes Suzi Raftery Herbst to Chief Operating Officer of the Company

Third quarter 2021 earnings released: US$0.17 loss per share (vs US$0.38 loss in 3Q 2020)

Breaking Down Innovate's Potential

Second quarter 2021 earnings released: US$0.29 loss per share (vs US$0.098 profit in 2Q 2020)

HC2 Holdings, Inc.(NYSE:HCHC) dropped from Russell Microcap Growth Index

HC2 Holdings: A Granular Assessment

First quarter 2021 earnings released: US$0.51 loss per share (vs US$0.51 loss in 1Q 2020)

HC2 Holdings reports Q1 results

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Chief Financial Officer recently sold US$59k worth of stock

HC2 Holdings, Inc. to Report Q4, 2020 Results on Mar 10, 2021

HC2 Holdings Simplification Process Could Lead To Rerate

New 90-day high: US$4.13

Weigel Broadcasting Co. Inc. completed the acquisition of KAZD-TV, KYAZ-TV, KMOH-TV and a Low-Power Station in Phoenix from HC2 Holdings, Inc. (NYSE:HCHC).

Mercuria Investments US, Inc. entered into a definitive agreement to acquire Beyond6, Inc. from HC2 Holdings, Inc. (NYSE:HCHC) and others for approximately $170 million.