Deveron Management

Management criteria checks 3/4

Deveron's CEO is Dave MacMillan, appointed in Jul 2016, has a tenure of 7.83 years. total yearly compensation is CA$395.20K, comprised of 63.3% salary and 36.7% bonuses, including company stock and options. directly owns 0.88% of the company’s shares, worth $104.70K. The average tenure of the management team and the board of directors is 2.5 years and 6.4 years respectively.

Key information

Dave MacMillan

Chief executive officer

CA$395.2k

Total compensation

CEO salary percentage	63.3%
CEO tenure	7.8yrs
CEO ownership	0.9%
Management average tenure	2.5yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave MacMillan's remuneration changed compared to Deveron's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$32m
Sep 30 2023	n/a	n/a	-CA$28m
Jun 30 2023	n/a	n/a	-CA$27m
Mar 31 2023	n/a	n/a	-CA$11m
Dec 31 2022	CA$395k	CA$250k	-CA$9m
Sep 30 2022	n/a	n/a	-CA$14m
Jun 30 2022	n/a	n/a	-CA$11m
Mar 31 2022	n/a	n/a	-CA$8m
Dec 31 2021	CA$310k	CA$220k	-CA$5m
Sep 30 2021	n/a	n/a	-CA$5m
Jun 30 2021	n/a	n/a	-CA$3m
Mar 31 2021	n/a	n/a	-CA$2m
Dec 31 2020	CA$300k	CA$210k	-CA$2m
Sep 30 2020	n/a	n/a	-CA$2m
Jun 30 2020	n/a	n/a	-CA$1m
Mar 31 2020	n/a	n/a	-CA$2m
Dec 31 2019	CA$200k	CA$180k	-CA$2m
Sep 30 2019	n/a	n/a	-CA$2m
Jun 30 2019	n/a	n/a	-CA$1m
Mar 31 2019	n/a	n/a	-CA$2m
Dec 31 2018	CA$163k	CA$163k	-CA$2m
Sep 30 2018	n/a	n/a	-CA$2m
Jun 30 2018	n/a	n/a	-CA$2m
Mar 31 2018	n/a	n/a	-CA$2m
Dec 31 2017	CA$130k	CA$110k	-CA$2m

Compensation vs Market: Dave's total compensation ($USD287.24K) is below average for companies of similar size in the US market ($USD674.46K).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.

CEO

Dave MacMillan (39 yo)

7.8yrs

Tenure

CA$395,200

Compensation

Mr. David A. MacMillan, also known as Dave, CFA, serves as Chief Executive Officer and President at Deveron Corp. (formerly known as Deveron UAS Corp.) since July 14, 2016 and serves as its Secretary. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David MacMillan	CEO, President	7.8yrs	CA$395.20k	0.88% CA$ 104.7k
Akshay Shirodker	Chief Financial Officer	less than a year	no data	no data
Paul Lotay	Senior Accounting Manager	2.5yrs	no data	no data
Scott Jackman	VP of Sales	no data	no data	no data
Philip Linton	Vice President of Corporate Development	no data	no data	no data
Craig Hogan	Vice President of Finance	no data	no data	no data

2.5yrs

Average Tenure

Experienced Management: DVRN.F's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David MacMillan	CEO, President	13.1yrs	CA$395.20k	0.88% CA$ 104.7k
David Masotti	Member of Advisory Board	6.5yrs	no data	no data
William Linton	Independent Non Executive Chairman	4.1yrs	no data	4.36% CA$ 521.9k
Christopher Irwin	Independent Director	13.1yrs	CA$12.50k	0.048% CA$ 5.7k
Roger Dent	Independent Director	7.8yrs	CA$14.38k	0.69% CA$ 82.7k
David Sippell	Member of Advisory Board	6.4yrs	no data	no data
Arthur Froehlich	Member of Advisory Board	6.4yrs	no data	no data
Jay Deen	Member of Advisory Board	4.7yrs	no data	no data
Ian Grant	Member of Advisory Board	6.5yrs	no data	no data
Tim Close	Director	1.5yrs	no data	1.54% CA$ 184.6k
Joelle Faulkner	Independent Director	2.9yrs	no data	0.0026% CA$ 305.1
Greg Patterson	Director	2yrs	CA$165.00k	8.73% CA$ 1.0m

6.4yrs

Average Tenure

49yo

Average Age

Experienced Board: DVRN.F's board of directors are considered experienced (6.4 years average tenure).

Deveron Management

Management criteria checks 3/4

Key information

Recent management updates

Deveron Corp. Announces CFO Changes

Deveron Corp. Announces CFO Changes

Deveron Corp., Annual General Meeting, Jun 27, 2023

Deveron Corp. Announces Retirement of Jim Pirie from Board of Directors, Effective January 1, 2023

Deveron Corp. Appoints Tim Close as New Board Member

Deveron Corp., Annual General Meeting, Jun 28, 2022

Recent updates

Deveron Corp. announced that it has received CAD 0.575 million in funding

Deveron Corp. to Report Q2, 2024 Results on Feb 21, 2024

Deveron Passes 2-Stage Pilot and Onboards New Pfas Enterprise Customer

Deveron Corp. to Report Q1, 2024 Results on Nov 21, 2023

Deveron Corp. to Report Q4, 2023 Results on Oct 26, 2023

Deveron Corp. announced that it expects to receive CAD 2 million in funding

Deveron Corp. Announces CFO Changes

Deveron Corp. Announces CFO Changes

Deveron Corp. Provides Revenue Guidance for the Fourth Quarter Ending June 30, 2023

Deveron Corp. to Report Q1, 2023 Results on May 30, 2023

Deveron Corp., Annual General Meeting, Jun 27, 2023

Deveron Corp. Announces Retirement of Jim Pirie from Board of Directors, Effective January 1, 2023

Deveron Corp. Appoints Tim Close as New Board Member

Deveron Corp. to Report Q3, 2022 Results on Nov 21, 2022

Deveron Corp. (TSXV:FARM) completed the acquisition of Assets of Frontier Labs Inc.

Deveron Corp. announced that it has received CAD 2.7 million in funding from Coeli Wealth Management AB

Deveron Corp. announced that it has received CAD 2.7 million in funding from Coeli Wealth Management AB

Deveron Corp. (TSXV:FARM) has completed a Letter of Intent to acquire Assets of Frontier Labs Inc on September 20, 2022.

Deveron Corp. announced that it expects to receive $1.5 million in funding from Coeli Wealth Management AB

Deveron Corp. to Report Q2, 2022 Results on Aug 22, 2022

Deveron Corp. (TSXV : FARM) completed the acquisition of Assets of Agri-Labs, Inc. for $1.2 million.

Deveron Corp. (TSXV:FARM) acquired 67% stake in A&L Canada Laboratories Inc. from certain vendor shareholders including Greg Patterson, CEO of A&L.

Deveron Corp. (TSXV:FARM) acquired 67% stake in A&L Canada Laboratories Inc. from certain vendor shareholders including Greg Patterson, CEO of A&L.

Deveron Corp. announced that it has received CAD 10 million in funding

Deveron Corp. announced that it expects to receive CAD 10 million in funding

Deveron Corp. (TSXV:FARM) entered into a definitive agreement to acquire a 67% stake in A&L Canada Laboratories Inc. from certain vendor shareholders including Greg Patterson, CEO of A&L, for CAD 50.3 million.

Deveron Corp., Annual General Meeting, Jun 28, 2022

Deveron Corp. has completed a Composite Units Offering in the amount of CAD 10 million.

Deveron Corp. Launches of Its Agricultural Carbon Services Platform

Deveron Corp. (TSXV:FARM) entered into an agreement to acquire Assets of Agronomic Solutions, LLC. from Agronomic Solutions, LLC for $1.1 million.

Deveron Corp. (TSXV:FARM) completed the acquisition of assets of Stealth Ag Inc.

Deveron Corp. announced that it has received CAD 8.207583 million in funding

Deveron Corp. announced that it expects to receive CAD 3.5 million in funding

Deveron Corp. (TSXV:FARM) completed the acquisition of Assets of Tana Ag Solutions Group LLC.

Deveron Corp. (TSXV:FARM) entered into a definitive agreement to acquire assets of Stealth Ag Inc. for $2 million.

Deveron Corp. (TSXV:FARM) agreed to acquire Assets of Tana Ag Solutions Group LLC for for $1.1 million.

Deveron Provides Corporate Update & Announces Signing of Multiple Multi-Year Service Agreements

Deveron Corp. (TSXV:FARM) completed the acquisition of all assets of Farm Dog, Inc.

Deveron Corp. (TSXV:FARM) agreed to acquire all assets of Farm Dog, Inc. for $1 million.

Deveron Brings Fixed Wing Imagery Offering to Ontario

Deveron Corp. announced that it has received CAD 5.785228 million in funding

Deveron Corp. announced that it expects to receive CAD 2 million in funding

Deveron Corp. to Delist from CSE

Deveron UAS Corp. (CNSX:DVR) acquired all of the operating assets of Better Harvest Inc. for $0.27 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age