Maximus Management

Management criteria checks 4/4

Maximus' CEO is Bruce Caswell, appointed in Oct 2014, has a tenure of 9.58 years. total yearly compensation is $7.35M, comprised of 11.6% salary and 88.4% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $19.73M. The average tenure of the management team and the board of directors is 2.4 years and 6.8 years respectively.

Key information

Bruce Caswell

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage	11.6%
CEO tenure	9.6yrs
CEO ownership	0.4%
Management average tenure	2.4yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

An Intrinsic Calculation For Maximus, Inc. (NYSE:MMS) Suggests It's 29% Undervalued

Mar 30

We Think Maximus (NYSE:MMS) Can Stay On Top Of Its Debt

Feb 25

Maximus, Inc. (NYSE:MMS) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 10

There Are Reasons To Feel Uneasy About Maximus' (NYSE:MMS) Returns On Capital

Jan 03

An Intrinsic Calculation For Maximus, Inc. (NYSE:MMS) Suggests It's 40% Undervalued

Dec 05

Maximus, Inc.'s (NYSE:MMS) CEO Compensation Looks Acceptable To Us And Here's Why

Mar 08

Maximus (NYSE:MMS) Will Pay A Dividend Of $0.28

Feb 09

Maximus (NYSE:MMS) Will Pay A Dividend Of $0.28

Jan 13

MAXIMUS declares $0.28 dividend

Jan 10

Maximus (NYSE:MMS) Will Be Hoping To Turn Its Returns On Capital Around

Dec 20

Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.28

Nov 03

Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.28

Oct 13

Estimating The Fair Value Of Maximus, Inc. (NYSE:MMS)

Oct 11

MAXIMUS declares $0.28 dividend

Oct 10

The Returns On Capital At Maximus (NYSE:MMS) Don't Inspire Confidence

Sep 09

Maximus gets $6.6B contract from CMS for contact center operations

Sep 01

Does Maximus (NYSE:MMS) Have A Healthy Balance Sheet?

Aug 23

Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.28

Aug 04

Maximus' (NYSE:MMS) Dividend Will Be $0.28

Jul 15

MAXIMUS declares $0.28 dividend

Jul 12

Maximus, Inc.'s (NYSE:MMS) Intrinsic Value Is Potentially 54% Above Its Share Price

Jul 01

Wedgewood Partners - Maximus: A Solid Company With Steady Growth Prospects

May 07

Maximus (NYSE:MMS) Is Due To Pay A Dividend Of US$0.28

May 05

CEO Compensation Analysis

How has Bruce Caswell's remuneration changed compared to Maximus's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$186m
Sep 30 2023	US$7m	US$850k	US$162m
Jun 30 2023	n/a	n/a	US$172m
Mar 31 2023	n/a	n/a	US$172m
Dec 31 2022	n/a	n/a	US$190m
Sep 30 2022	US$6m	US$823k	US$204m
Jun 30 2022	n/a	n/a	US$187m
Mar 31 2022	n/a	n/a	US$250m
Dec 31 2021	n/a	n/a	US$280m
Sep 30 2021	US$8m	US$754k	US$291m
Jun 30 2021	n/a	n/a	US$303m
Mar 31 2021	n/a	n/a	US$273m
Dec 31 2020	n/a	n/a	US$220m
Sep 30 2020	US$6m	US$743k	US$215m
Jun 30 2020	n/a	n/a	US$211m
Mar 31 2020	n/a	n/a	US$209m
Dec 31 2019	n/a	n/a	US$244m
Sep 30 2019	US$5m	US$719k	US$241m
Jun 30 2019	n/a	n/a	US$227m
Mar 31 2019	n/a	n/a	US$224m
Dec 31 2018	n/a	n/a	US$218m
Sep 30 2018	US$3m	US$668k	US$221m
Jun 30 2018	n/a	n/a	US$228m
Mar 31 2018	n/a	n/a	US$225m
Dec 31 2017	n/a	n/a	US$222m
Sep 30 2017	US$4m	US$615k	US$209m

Compensation vs Market: Bruce's total compensation ($USD7.35M) is about average for companies of similar size in the US market ($USD8.39M).

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

CEO

Bruce Caswell (56 yo)

9.6yrs

Tenure

US$7,349,940

Compensation

Mr. Bruce L. Caswell has been Chief Executive Officer and Director of MAXIMUS, Inc. since April 1, 2018. Mr. Caswell has been the President at MAXIMUS Inc. since October 1, 2014 and served as its General M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bruce Caswell	President	9.6yrs	US$7.35m	0.40% $ 19.7m
David Mutryn	CFO & Treasurer	2.4yrs	US$2.10m	0.0084% $ 411.6k
Ilene Baylinson	General Manager of Health Services U.S.	no data	US$1.69m	0.016% $ 780.0k
Theresa Golinvaux	Principal Accounting Officer	4.3yrs	no data	0.0046% $ 223.9k
Elisabeth Schmidt	Senior Vice President of Technology & Consulting Services	1.3yrs	no data	no data
Derrick Pledger	Chief Digital & Information Officer (CDIO)	less than a year	no data	no data
Julia Bailey	Senior Vice President of Global Ethics & Compliance	2.3yrs	no data	no data
John Martinez	General Counsel	less than a year	no data	no data
Eileen Rivera	Vice President of Communications & Public Relations	2.3yrs	no data	no data
Jericho Seguin	Senior Vice President of Corporate Development & Strategic Planning	8.3yrs	no data	no data
Michelle Link	Chief Human Resources Officer	4.2yrs	US$1.52m	0.0082% $ 399.8k
David Casey	Senior Vice President of Government Relations & Business Development	no data	no data	no data

2.4yrs

Average Tenure

50yo

Average Age

Experienced Management: MMS's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Caswell	President	6.1yrs	US$7.35m	0.40% $ 19.7m
Raymond Ruddy	Independent Director	19.8yrs	US$360.00k	0.18% $ 8.8m
Richard Montoni	Independent Vice Chairman	18.1yrs	US$335.00k	0.11% $ 5.6m
John Haley	Independent Chairman	4.2yrs	US$468.00k	0.18% $ 8.8m
Michael Warren	Independent Director	5.2yrs	US$300.00k	0.0033% $ 161.2k
Jan Madsen	Independent Director	4.2yrs	US$300.00k	0% $ 0
Anne Altman	Independent Vice Chair of the Board	7.4yrs	US$368.00k	0.039% $ 1.9m
Gayathri Rajan	Independent Director	7.4yrs	US$300.00k	0.026% $ 1.3m

6.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: MMS's board of directors are considered experienced (6.8 years average tenure).

Maximus Management

Management criteria checks 4/4

Key information

Recent management updates

CFO & Treasurer notifies of intention to sell stock

Maximus, Inc. Appoints Derrick Pledger as Chief Digital and Information Officer

Maximus, Inc., Annual General Meeting, Mar 12, 2024

Maximus Announces Executive Appointments

General Manager of Health Services U.S. recently sold US$859k worth of stock

Executive Officer notifies of intention to sell stock

Recent updates

Maximus, Inc. to Report Q2, 2024 Results on May 08, 2024

Maximus Launches Total Experience Management (TXM) Solution to Transform the Customer Experience of Federal Agencies

First quarter dividend of US$0.30 announced

Maximus, Inc. Approves Quarterly Cash Dividend, Payable on May 31, 2024

An Intrinsic Calculation For Maximus, Inc. (NYSE:MMS) Suggests It's 29% Undervalued

We Think Maximus (NYSE:MMS) Can Stay On Top Of Its Debt

CFO & Treasurer notifies of intention to sell stock

Maximus, Inc. (NYSE:MMS) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.30 per share at 1.5% yield

Maximus, Inc. Appoints Derrick Pledger as Chief Digital and Information Officer

Maximus, Inc., Annual General Meeting, Mar 12, 2024

Maximus Announces Executive Appointments

Maximus, Inc. Declares Quarterly Cash Dividend, Payable on February 29, 2024

Maximus, Inc. to Report Q1, 2024 Final Results on Feb 07, 2024

There Are Reasons To Feel Uneasy About Maximus' (NYSE:MMS) Returns On Capital

General Manager of Health Services U.S. recently sold US$859k worth of stock

An Intrinsic Calculation For Maximus, Inc. (NYSE:MMS) Suggests It's 40% Undervalued

Maximus: Market Leader And Non-Cyclical

Maximus, Inc. Declares Increases in Quarterly Cash Dividend, Payable on November 30, 2023

Maximus, Inc. Declares Increases in Quarterly Cash Dividend, Payable on November 30, 2023

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.30 per share at 1.6% yield

Maximus, Inc. to Report Q4, 2023 Results on Nov 15, 2023

Executive Officer notifies of intention to sell stock

President recently sold US$1.6m worth of stock

Maximus: Global Expansion Resulting In Compounding Growth

Returns On Capital Signal Tricky Times Ahead For Maximus (NYSE:MMS)

Maximus, Inc. Announces Executive Changes

Calculating The Fair Value Of Maximus, Inc. (NYSE:MMS)

Consensus EPS estimates fall by 13%

Upcoming dividend of US$0.28 per share at 1.4% yield

Maximus, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Maximus, Inc. to Report Q3, 2023 Results on Aug 02, 2023

Maximus, Inc.(NYSE:MMS) dropped from Russell Small Cap Comp Value Index

Calculating The Intrinsic Value Of Maximus, Inc. (NYSE:MMS)

Chief Human Resources Officer notifies of intention to sell stock

Maximus' (NYSE:MMS) Dividend Will Be $0.28

Maximus, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of US$0.28 per share at 1.4% yield

Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.28

Insufficient new directors

Maximus (NYSE:MMS) Could Be Struggling To Allocate Capital

Maximus, Inc.'s (NYSE:MMS) CEO Compensation Looks Acceptable To Us And Here's Why

General Manager of Health Services U.S. recently sold US$790k worth of stock

Maximus Names Elisabeth Schmidt as Senior Vice President for Technology and Consulting Services

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Maximus (NYSE:MMS) Will Pay A Dividend Of $0.28

Maximus, Inc. Raises Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of US$0.28 per share at 1.5% yield

Maximus, Inc., Annual General Meeting, Mar 14, 2023

Maximus (NYSE:MMS) Will Pay A Dividend Of $0.28

Maximus Declares Quarterly Cash Dividend, Payable on February 28, 2023

MAXIMUS declares $0.28 dividend

General Counsel & Secretary notifies of intention to sell stock

Maximus, Inc. to Report Q1, 2023 Results on Feb 08, 2023

Maximus Appoints Joe Jeter as Senior Vice President of Federal Technology

Maximus (NYSE:MMS) Will Be Hoping To Turn Its Returns On Capital Around

Independent Director recently bought US$401k worth of stock

Consensus forecasts updated

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Maximus, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Maximus, Inc Names Sonny Landry as Principal for Change Management for Company’s Technology and Consulting Services Line of Business

Price target decreased to US$76.00

Upcoming dividend of US$0.28 per share

Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.28

Maximus Names Juliane Swatt as Senior Vice President for Business Development, Market Strategy, and Growth

Maximus, Inc. to Report Q4, 2022 Results on Nov 21, 2022