Steel Connect, Inc.

NasdaqCM:STCN Stock Report

Market Cap: US$78.1m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Steel Connect Management

Management criteria checks 4/4

Steel Connect's CEO is Warren Lichtenstein, appointed in Dec 2018, has a tenure of 6.08 years. directly owns 3.07% of the company’s shares, worth $2.40M. The average tenure of the management team and the board of directors is 5.4 years and 11.8 years respectively.

Key information

Warren Lichtenstein

Chief executive officer

US$221.3k

Total compensation

CEO salary percentagen/a
CEO tenure6.1yrs
CEO ownership3.1%
Management average tenure5.4yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

Analysis Article Sep 12

Steel Connect (NASDAQ:STCN) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 24

Is Steel Connect (NASDAQ:STCN) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jul 21

Is Steel Connect (NASDAQ:STCN) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 13

Steel Connect's (NASDAQ:STCN) Returns On Capital Are Heading Higher

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha Aug 31

Steel Connect: The $2 Billion King Of NOLs

The strategic alternatives process is likely nearing conclusion, with potential tender offer for 100% of Steel Connect. Sale of Steel Connect’s businesses (IWCO Direct and ModusLink) and monetization of the company’s valuable $2 billion in tax assets (NOLs) could unlock $6.00+ per share in value. Combined company, with ~$2.5 billion of NOLs, ~$350-400mm in EBITDA and ~$250-300mm in FCF could be the largest and most valuable public NOL platform in the world.
Seeking Alpha Jun 28

Steel Connect: The Takeover Marches On

The value of Steel Connect's ongoing businesses and substantial NOLs outstanding was detailed in February and March 2021 by Hillandale Advisors. The undefined takeover offer from Steel Partners continues to remain outstanding despite over five months of employing an M&A advisor. Steel Connect's recent DEF14A seems to indicate that the takeover offer continues to be in play while giving some guidance on potential reasons behind the delay.

CEO

Warren Lichtenstein (59 yo)

6.1yrs
Tenure
US$221,323
Compensation

Mr. Warren G. Lichtenstein served as Director at PCS-Mosaic Holdings, LLC until August 2023. He serves as an Executive Chairman at Steel Connect, Inc. (formerly known as ModusLink Global Solutions, Inc.) s...


Leadership Team

NamePositionTenureCompensationOwnership
Warren Lichtenstein
Executive Chairman & Interim CEO6.1yrsUS$221.32k3.07%
$ 2.4m
Ryan O'Herrin
Chief Financial Officer1.4yrsno datano data
Fawaz Khalil
CEO & President of ModusLink Corporation4.6yrsUS$581.47k0.12%
$ 93.0k
Tim Barclay
Chief Operating Officer8.3yrsno datano data
Gary Tankard
Chief Accounting Officer3yrsno datano data
Michael Macmanus
VP, General Counselno datano datano data
Glenn Brower
Vice President of Sales12.8yrsno datano data
Hans Veenendaal
Chief Commercial Officer8.5yrsno datano data
John Ashe
Chief Executive Officer of IWCO Direct Holdings4.7yrsUS$489.48kno data
5.4yrs
Average Tenure
54yo
Average Age

Experienced Management: STCN's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Warren Lichtenstein
Executive Chairman & Interim CEO11.8yrsUS$221.32k3.07%
$ 2.4m
Jeffrey Fenton
Independent Director14.2yrsUS$167.32k1.15%
$ 896.0k
Jack Howard
Director7.1yrsUS$156.32k1.83%
$ 1.4m
Glen Kassan
Vice Chairman11.8yrsUS$156.32k1.07%
$ 834.8k
Jeffrey Wald
Independent Director12.9yrsUS$178.27k1.1%
$ 859.2k
Joseph Martin
Director1.3yrsUS$150.77k0.19%
$ 151.7k
Renata Simril
Independent Director4.3yrsUS$161.32k0.61%
$ 473.6k
11.8yrs
Average Tenure
59yo
Average Age

Experienced Board: STCN's board of directors are seasoned and experienced ( 11.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 10:49
End of Day Share Price 2025/01/02 00:00
Earnings2024/10/31
Annual Earnings2024/07/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Steel Connect, Inc. is covered by 0 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.