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IAA Management

Management criteria checks 4/4

Key information

John Kett

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage	14.0%
CEO tenure	11.8yrs
CEO ownership	0.1%
Management average tenure	3.5yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Ritchie Bros. holder Luxor Capital files preliminary proxy opposing IAA deal

Jan 18

IAA Non-GAAP EPS of $0.45 misses by $0.05, revenue of $497.5M beats by $20.89M, to be acquired by Ritchie Bros. in stock and cash deal of $7.3B

Nov 07

CEO Compensation Analysis

How has John Kett's remuneration changed compared to IAA's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 01 2023	US$5m	US$735k	US$292m
Oct 02 2022	n/a	n/a	US$288m
Jul 03 2022	n/a	n/a	US$303m
Apr 03 2022	n/a	n/a	US$303m
Jan 02 2022	US$5m	US$735k	US$294m
Sep 26 2021	n/a	n/a	US$285m
Jun 27 2021	n/a	n/a	US$272m
Mar 28 2021	n/a	n/a	US$223m
Dec 27 2020	n/a	n/a	US$195m
Sep 27 2020	n/a	n/a	US$176m
Jun 28 2020	n/a	n/a	US$165m
Mar 29 2020	n/a	n/a	US$183m
Dec 29 2019	US$3m	US$613k	US$193m
Sep 29 2019	n/a	n/a	US$194m
Jun 30 2019	n/a	n/a	US$191m
Mar 31 2019	n/a	n/a	US$190m

Compensation vs Market: John's total compensation ($USD5.26M) is below average for companies of similar size in the US market ($USD8.58M).

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

CEO

John Kett (58 yo)

11.8yrs

Tenure

US$5,255,921

Compensation

Mr. John W. Kett has been President at IAA, Inc. since June 02, 2011 and serves as its Chief Executive Officer since May 2014. Mr. Kett serves as Chief Financial Officer, Principal Accounting Officer and S...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Kett	CEO, President & Director	11.8yrs	US$5.26m	0.11% $ 5.9m
Susan Healy	Executive VP & CFO	1.5yrs	US$1.67m	0.00035% $ 18.7k
Maju Abraham	Chief Information Officer & Senior VP	3.8yrs	US$1.04m	0.0077% $ 411.7k
Sidney Peryar	Chief Legal Officer	21.9yrs	US$1.35m	0.015% $ 792.9k
Timothy O'Day	President of U.S. Operations	3.8yrs	US$1.98m	0.020% $ 1.1m
Christopher Carlson	VP, Corporate Controller & Principal Accounting Officer	3.5yrs	no data	0.0017% $ 92.9k
Jeanene O'Brien	Senior Vice President of Global Marketing & Communications	6.1yrs	no data	no data
Steve Muscarello	Senior VP of Sales & Chief Commercial Officer - U.S.	2.2yrs	no data	no data
Terry Daniels	Senior Vice President of International Operations	2.2yrs	no data	no data
Steve Hankins	Managing Director of IAA UK	no data	no data	no data
Andrew Albrecht	VP & Chief Information Security Officer	2.6yrs	no data	no data
Justin Mahlik	Senior VP & Chief Transformation Officer	2.2yrs	no data	no data

3.5yrs

Average Tenure

51.5yo

Average Age

Experienced Management: IAA's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kett	CEO, President & Director	3.8yrs	US$5.26m	0.11% $ 5.9m
Sue Gove	Independent Director	3.8yrs	US$239.99k	0.0089% $ 475.2k
Peter Kamin	Independent Director	24.2yrs	US$232.49k	0.27% $ 14.4m
John Larson	Independent Chairman	3.8yrs	US$324.99k	0.0079% $ 421.3k
Lynn Jolliffe	Independent Director	3.8yrs	US$242.49k	0.013% $ 671.7k
Olaf Kastner	Independent Director	3.8yrs	US$214.99k	0.0072% $ 385.5k
Brian Bales	Independent Director	3.8yrs	US$232.49k	0.0089% $ 475.2k
Michael Sieger	Independent Director	less than a year	US$175.76k	0.0028% $ 147.9k
William Breslin	Independent Director	3.8yrs	US$214.99k	0.0097% $ 516.3k

3.8yrs

Average Tenure

61yo

Average Age

Experienced Board: IAA's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/20 11:59
End of Day Share Price	2023/03/20 00:00
Earnings	2023/01/01
Annual Earnings	2023/01/01

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

IAA, Inc. is covered by 10 analysts. 6 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
Craig Kennison	Baird
Gary Prestopino	Barrington Research Associates, Inc.
Christopher Bottiglieri	BNP Paribas Exane

This company has been acquired

IAA Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

IAA, Inc. Announces Board Changes

IAA, Inc., Annual General Meeting, Jun 15, 2022

IAA, Inc., Annual General Meeting, Jun 15, 2022

IAA Appoints Michael Sieger to Board of Directors

Recent updates

Full year 2022 earnings: EPS exceeds analyst expectations

Discerene Group Files an Exempt Solicitation Statement to IAA

IAA, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Price target increased by 9.7% to US$47.70

Ritchie Bros. holder Luxor Capital files preliminary proxy opposing IAA deal

IAA Launches Inspection Services Platform with Undercarriage Images

Price target decreased to US$44.00

Insufficient new directors

Price target decreased to US$46.20

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Ritchie Bros. Holdings Inc entered into a definitive agreement to acquire IAA, Inc. (NYSE:IAA) for $6.2 billion.

IAA Non-GAAP EPS of $0.45 misses by $0.05, revenue of $497.5M beats by $20.89M, to be acquired by Ritchie Bros. in stock and cash deal of $7.3B

Now 21% undervalued

IAA, Inc. to Report Q3, 2022 Results on Nov 10, 2022

IAA, Inc. Announces IAA Transport Service Footprint Expanded to Mexico and Nigeria

IAA expands IAA Transport's service footprint to Mexico, Nigeria

Insufficient new directors

IAA, Inc. Updates Revenue Guidance for the Fiscal 2022

IAA Q2 2022 Earnings Preview

IAA, Inc. to Report Q2, 2022 Results on Aug 09, 2022

IAA, Inc. Announces Board Changes

IAA, Inc. Expands and Relocates Its UK Head Office South

IAA, Inc. Announces Mobile App Launch of IAA Transport™

Now 20% undervalued

IAA, Inc. Provides Revenue Guidance for the Fiscal 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

IAA, Inc., Annual General Meeting, Jun 15, 2022

IAA, Inc., Annual General Meeting, Jun 15, 2022

IAA Appoints Michael Sieger to Board of Directors

High number of new and inexperienced directors

IAA, Inc.: Possible Change On The Horizon

Investor sentiment improved over the past week

CEO, President & Director recently bought US$161k worth of stock

IAA, Inc. Announces Final UK’s Competition and Markets Authority Regulatory Approval of SYNETIQ Acquisition

Now 21% undervalued after recent price drop

Independent Director recently bought US$4.7m worth of stock

Independent Director recently bought US$3.6m worth of stock

Insider Weekends: Peter Kamin Purchases Shares Of IAA

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued after recent price drop

IAA, Inc. Provides Revenue Guidance for the Fiscal 2022

Price target decreased to US$65.17

Investor sentiment deteriorated over the past week

IAA, Inc. to Report Q4, 2021 Results on Feb 11, 2022

IAA, Inc. to Report Q4, 2021 Results on Feb 11, 2022

High number of new and inexperienced directors

IAA, Inc. Announces the Launch of IAA Transport

IAA, Inc. Relocates and Expands IAA Lexington (SC) Branch

IAA, Inc. (NYSE:IAA) announces an Equity Buyback for $400 million worth of its shares.

Second quarter 2021 earnings released: EPS US$0.61 (vs US$0.25 in 2Q 2020)

IAA, Inc.(NYSE:IAA) dropped from Russell 3000E Value Index

IAA, Inc. (NYSE:IAA) acquired assets from Marisat, Inc.

IAA, Dealertrack expand pact for electronic registration and title to Ohio

IAA, Inc. Provides Earnings Guidance for the Year 2021

IAA EPS beats by $0.10, beats on revenue

IAA, Inc. Not to Provide Guidance for 2021

IAA Launches AuctionNow™ in the UK

IAA, Inc.(NYSE:IAA) dropped from Russell 1000 Growth-Defensive Index

IAA, Inc. to Report Q4, 2020 Results on Feb 16, 2021

IAA expands capacity in two key markets

IAA (IAA) Investor Presentation - Slideshow

Analysts increase EPS estimates to US$1.42

New 90-day high: US$60.54

Price target raised to US$64.67

Third quarter 2020 earnings released: EPS US$0.39

Revenue and earnings beat expectations

IAA +3% post Q3 earnings beat and improved margins