Steel Connect Management

Management criteria checks 4/4

Steel Connect's CEO is Warren Lichtenstein, appointed in Dec 2018, has a tenure of 5.92 years. directly owns 3.07% of the company’s shares, worth $1.91M. The average tenure of the management team and the board of directors is 5.2 years and 11.7 years respectively.

Key information

Warren Lichtenstein

Chief executive officer

US$224.7k

Total compensation

CEO salary percentage	n/a
CEO tenure	5.9yrs
CEO ownership	3.1%
Management average tenure	5.2yrs
Board average tenure	11.7yrs

Recent management updates

Recent updates

CEO

Warren Lichtenstein (59 yo)

5.9yrs

Tenure

US$224,671

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

Name	Position	Tenure	Compensation	Ownership
Warren Lichtenstein	Executive Chairman & Interim CEO	5.9yrs	US$224.67k	3.07% $ 1.9m
Fawaz Khalil	CEO & President of ModusLink Corporation	4.4yrs	US$597.18k	0.12% $ 74.1k
Ryan O'Herrin	Chief Financial Officer	1.3yrs	no data	no data
Tim Barclay	Chief Operating Officer	8.2yrs	no data	no data
Gary Tankard	Chief Accounting Officer	2.8yrs	no data	no data
Michael Macmanus	VP, General Counsel	no data	no data	no data
Glenn Brower	Vice President of Sales	12.6yrs	no data	no data
Hans Veenendaal	Chief Commercial Officer	8.3yrs	no data	no data
John Ashe	Chief Executive Officer of IWCO Direct Holdings	4.5yrs	US$489.48k	no data

5.2yrs

Average Tenure

54yo

Average Age

Experienced Management: STCN's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Warren Lichtenstein	Executive Chairman & Interim CEO	11.7yrs	US$224.67k	3.07% $ 1.9m
Jeffrey Fenton	Independent Director	14yrs	US$170.67k	1.15% $ 714.2k
Jack Howard	Director	6.9yrs	US$158.67k	1.83% $ 1.1m
Glen Kassan	Vice Chairman	11.7yrs	US$159.67k	1.07% $ 665.5k
Jeffrey Wald	Independent Director	12.8yrs	US$172.67k	1.1% $ 684.9k
Joseph Martin	Director	1.2yrs	no data	0.19% $ 120.9k
Renata Simril	Independent Director	4.1yrs	US$162.17k	0.61% $ 377.5k

11.7yrs

Average Tenure

59yo

Average Age

Experienced Board: STCN's board of directors are seasoned and experienced ( 11.7 years average tenure).

Steel Connect Management

Management criteria checks 4/4

Key information

Recent management updates

Steel Connect, Inc., Annual General Meeting, Jul 29, 2024

Less than half of directors are independent

Less than half of directors are independent

Steel Connect, Inc., Annual General Meeting, Sep 11, 2023

Insufficient new directors

Steel Connect, Inc., Annual General Meeting, Sep 30, 2022

Recent updates

Steel Connect, Inc. announced delayed annual 10-K filing

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

Steel Connect, Inc., Annual General Meeting, Jul 29, 2024

Third quarter 2024 earnings released: EPS: US$11.43 (vs US$0.39 in 3Q 2023)

Investor sentiment improves as stock rises 17%

Second quarter 2024 earnings released: EPS: US$0.77 (vs US$0.17 loss in 2Q 2023)

Investor sentiment improves as stock rises 18%

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

Less than half of directors are independent

Steel Connect, Inc. announced delayed annual 10-K filing

Less than half of directors are independent

Investor sentiment improves as stock rises 24%

Steel Connect, Inc., Annual General Meeting, Sep 11, 2023

L3Harris Technologies, Inc. (NYSE:LHX) completed the acquisition Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) from a group of shareholders.

L3Harris Technologies, Inc. (NYSE:LHX) completed the acquisition Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) from a group of shareholders.

Investor sentiment improves as stock rises 15%

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

New major risk - Market cap size

Steel Connect Receives Notice from Nasdaq Regarding Non-Compliance with Nasdaq’s Minimum Bid Price Requirement

Third quarter 2023 earnings released: EPS: US$0.042 (vs US$0.17 loss in 3Q 2022)

Second quarter 2023 earnings released: US$0.018 loss per share (vs US$0.034 loss in 2Q 2022)

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

Insufficient new directors

Steel Partners Holdings L.P. (NYSE:SPLP) cancelled the acquisition of remaining 62.4% stake in Steel Connect, Inc. (NasdaqGS:STCN) from Jack L. Howard, Warren G. Lichtenstein and others.

Steel Connect, Inc. announced delayed annual 10-K filing

Steel Connect, Inc. Announces Propose Settlement of the Reith V. Lichtenstein, Et Al., C.A. No. 2018-0277-Mtz (Del. Ch. 2018) Class and Derivative Action

Steel Connect, Inc. Announces Settlement of the Reith v. Lichtenstein, et al., C.A. No. 2018-0277-MTZ (Del. Ch. 2018) Class and Derivative Action

Steel Connect, Inc., Annual General Meeting, Sep 30, 2022

Steel Connect, Inc. Receives Notice from the Listing Qualifications Department of the Nasdaq Stock Market

Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.16 loss in 3Q 2021)

Steel Connect, Inc. Provides Revenue Guidance for the Second Quarter and Full Year of 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Steel Connect: The $2 Billion King Of NOLs

Steel Connect: The Takeover Marches On

Steel Connect, Inc. Announces Goodwill Impairment Charge for the Quarter Ended April 30, 2021

Steel Partners Holdings L.P. (NYSE:SPLP) made a non-binding expression of interest to acquire remaining 62.4% stake in Steel Connect, Inc. (NasdaqGS:STCN).

Steel Connect, Inc. Announces Board Changes

Steel Connect, Inc Appoints Renata Simril to Board of Directors

CMGI, Inc. (Nasdaq: CMGI) sold Activate.net Corporation to Loudeye Technologies, Inc. (Nasdaq: LOUD) for $4 million.

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age