PyroGenesis Canada Management

Management criteria checks 3/4

PyroGenesis Canada's CEO is Photis Pascali, appointed in Jun 2006, has a tenure of 17.92 years. total yearly compensation is CA$2.48M, comprised of 18.2% salary and 81.8% bonuses, including company stock and options. directly owns 40.71% of the company’s shares, worth $29.64M. The average tenure of the management team and the board of directors is 3.8 years and 4.7 years respectively.

Key information

Photis Pascali

Chief executive officer

CA$2.5m

Total compensation

CEO salary percentage	18.2%
CEO tenure	17.9yrs
CEO ownership	40.7%
Management average tenure	3.8yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Photis Pascali's remuneration changed compared to PyroGenesis Canada's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$29m
Sep 30 2023	n/a	n/a	-CA$30m
Jun 30 2023	n/a	n/a	-CA$27m
Mar 31 2023	n/a	n/a	-CA$34m
Dec 31 2022	CA$2m	CA$450k	-CA$32m
Sep 30 2022	n/a	n/a	-CA$44m
Jun 30 2022	n/a	n/a	-CA$39m
Mar 31 2022	n/a	n/a	-CA$46m
Dec 31 2021	CA$9m	CA$373k	-CA$38m
Sep 30 2021	n/a	n/a	CA$7m
Jun 30 2021	n/a	n/a	CA$22m
Mar 31 2021	n/a	n/a	CA$47m
Dec 31 2020	CA$10m	CA$356k	CA$42m
Sep 30 2020	n/a	n/a	CA$14m
Jun 30 2020	n/a	n/a	-CA$3m
Mar 31 2020	n/a	n/a	-CA$10m
Dec 31 2019	CA$257k	CA$240k	-CA$9m
Sep 30 2019	n/a	n/a	-CA$7m
Jun 30 2019	n/a	n/a	-CA$8m
Mar 31 2019	n/a	n/a	-CA$8m
Dec 31 2018	CA$257k	CA$240k	-CA$8m
Sep 30 2018	n/a	n/a	-CA$10m
Jun 30 2018	n/a	n/a	-CA$8m
Mar 31 2018	n/a	n/a	-CA$7m
Dec 31 2017	CA$1m	CA$240k	-CA$6m

Compensation vs Market: Photis's total compensation ($USD1.80M) is above average for companies of similar size in the US market ($USD667.63K).

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

CEO

Photis Pascali (63 yo)

17.9yrs

Tenure

CA$2,476,744

Compensation

Mr. Photis Peter Pascali, Jr., served as Chairman of the Board at PyroGenesis Canada Inc. until February 8, 2023 and serves as its Director and served as its Interim Chairman of the Board since September 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Photis Pascali	President	17.9yrs	CA$2.48m	40.71% CA$ 29.6m
Andre Mainella	Chief Financial Officer	2.7yrs	CA$192.66k	0.0042% CA$ 3.1k
Pierre Carabin	CTO & Chief Strategist	8.3yrs	CA$225.35k	0.27% CA$ 196.0k
Rodayna Kafal	VP of Investor Relations & Strategic Business Development	3.7yrs	CA$289.87k	no data
Mark Paterson	General Counsel	1.3yrs	no data	no data
Massimo Dattilo	Vice President of Sales	no data	no data	no data
Me Sara-Catherine Tolszczuk	Corporate Secretary	3.8yrs	CA$627.39k	no data
Steve McCormick	Vice President of Corporate Affairs	no data	no data	no data

3.8yrs

Average Tenure

Experienced Management: PYRG.F's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Photis Pascali	President	17.9yrs	CA$2.48m	40.71% CA$ 29.6m
Benio Naccarato	Independent Director	3.2yrs	CA$678.97k	0.00020% CA$ 145.6
Alan Curleigh	Independent Chairman	1.3yrs	CA$62.55k	no data
Robert Radin	Lead Independent Director	12.3yrs	CA$504.97k	0.38% CA$ 274.1k
Andrew Abdalla	Independent Director	6yrs	CA$500.27k	0.073% CA$ 53.0k
Virendra Jha	Independent Director	4.7yrs	CA$499.77k	0.056% CA$ 40.7k
Nannette Ramsey	Independent Director	2.9yrs	CA$676.57k	0.00056% CA$ 407.7

4.7yrs

Average Tenure

63yo

Average Age

Experienced Board: PYRG.F's board of directors are considered experienced (4.7 years average tenure).

PyroGenesis Canada Management

Management criteria checks 3/4

Key information

Recent management updates

PyroGenesis Canada Inc., Annual General Meeting, Jun 27, 2024

PyroGenesis Canada Inc. Announces the Appointment of Paul Rajchgod to the Board of Directors

PyroGenesis Canada Inc. Announces Board Changes

PyroGenesis Canada Inc. Announces Management Changes

High number of new directors

PyroGenesis Canada Inc., Annual General Meeting, Jun 21, 2022

Recent updates

PyroGenesis Canada Inc., Annual General Meeting, Jun 27, 2024

PyroGenesis Canada Inc. Announces the Appointment of Paul Rajchgod to the Board of Directors

PyroGenesis Canada Inc. to Report Fiscal Year 2023 Results on Apr 02, 2024

PyroGenesis Canada Inc. announced that it has received CAD 1.506125 million in funding

PyroGenesis Canada Inc.(OTCPK:PYRG.F) dropped from NASDAQ Composite Index

PyroGenesis Canada Inc. Announces Successful Third-Party Validation of Fumed Silica from Lab-Scale Production

PyroGenesis Canada Inc. Announces Successful Silicon "Pour" Validating All Critical Milestones

New minor risk - Share price stability

PyroGenesis Canada Inc. Provides Update on the PUREVAP™ Quartz Reduction Reactor and Fumed Silica Projects with HPQ Silicon Inc

Second quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.077 loss in 2Q 2022)

PyroGenesis Canada Inc. announced that it has received CAD 3.03 million in funding

PyroGenesis Canada Inc. announced that it expects to receive CAD 5 million in funding

PyroGenesis Canada Receives Notice of Approval Granting 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement

First quarter 2023 earnings released: CA$0.03 loss per share (vs CA$0.024 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.19 loss per share (vs CA$0.23 loss in FY 2021)

PyroGenesis Canada Inc. Announces Board Changes

PyroGenesis Canada Inc. Announces the Approval of NexGen™ Facility by Global Aerospace Client for 3D Metal Powder Production

Third quarter 2022 earnings released: CA$0.024 loss per share (vs CA$0.004 profit in 3Q 2021)

Third quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.004 profit in 3Q 2021)

Pyrogenesis Canada Inc. Announces Successful Conversion of Methane into Hydrogen Production Using Its Plasma-Based Hydrogen Production Process

PyroGenesis Canada Inc. announced that it has received CAD 1.31898 million in funding

PyroGenesis Canada Inc.’ Gen3 PUREVAP™ QRR Pilot Plant Is Installed, Commissioned, Powered Up, and Moves to Operational Testing for HPQ Silicon Inc

PyroGenesis Canada Inc. Announces Completion of In-House Audit of Its Nexgentm Metal Powder Production Facility by Global Aerospace Company

PyroGenesis terminates automatic securities disposition plan

Second quarter 2022 earnings released: CA$0.08 loss per share (vs CA$0.12 loss in 2Q 2021)

PyroGenesis Canada reports Q2 results

PyroGenesis Canada Inc. Provides an Update on its High Quality Plasma-Atomized Metal Powders (For 3D Printing) Business Line

PyroGenesis Canada Inc. Announces Management Changes

First quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.023 profit in 1Q 2021)

High number of new directors

PyroGenesis Canada Inc. to Provide Comprehensive Update on its Aluminum Business Line

PyroGenesis Canada Inc., Annual General Meeting, Jun 21, 2022

Full year 2021 earnings released: CA$0.23 loss per share (vs CA$0.28 profit in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

PyroGenesis Canada Inc. Announces Successful Completion of Its Torch Factory Acceptance Test with Client A

PyroGenesis Canada Inc. Announces CAD 273,000 Plasma Torch Contract with European Research Centre to Reduce GHGs

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CA$0.004 (vs CA$0.10 in 3Q 2020)

Pyrogenesis Canada Inc. Receives New U.S. Patent for the Destruction of Ozone Depleting Substances

CTO & Chief Strategist recently sold US$81k worth of stock

PyroGenesis: Tailwind From The $285 Billion Solid Waste Management Industry

Second quarter 2021 earnings released: CA$0.12 loss per share (vs CA$0.036 profit in 2Q 2020)

PyroGenesis Canada Inc. (TSX:PYR) completed the acquisition of AirScience Technologies Inc. for approximately $4.4 million.

Chairman of the Board recently sold US$352k worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

PyroGenesis claims LOI for three 10-ton Drosrite Systems from client

PyroGenesis Canada Inc. Announces Request for Cost Estimate from Major Iron Ore Producer for Thirty-Six Plasma Torches

PyroGenesis Canada Fires Up Its Business Pipeline

First quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.012 loss in 1Q 2020)

PyroGenesis Canada Inc. Announces Successful Completion of Additive Manufacturing Nexgen Powder Test Runs

Investor sentiment deteriorated over the past week

enesis Canada Inc. (TSX:PYR) signed a binding letter of intent to acquire AirScience Technologies Inc. for $4.8 million.

PyroGenesis inks LOI to acquire AirScience Technologies for $4.8M

Investor sentiment deteriorated over the past week

Independent Director recently sold US$820k worth of stock

Full year 2020 earnings released: EPS CA$0.28 (vs CA$0.067 loss in FY 2019)

Pyrogenesis Receives $194,000 Grant to Develop A Waste Recovery Process by Plasma Gasification That Will Significantly Contribute to Landfill and Climate Change Control Efforts

PyroGenesis Canada Inc. Announces European Patent Office’s Intent to Grant Plasma Atomization (3D Printing) Patent

PyroGenesis Canada Inc. Appoints Mr. Ben Naccarato as Independent Director

PyroGenesis President Pascali Reportedly May Sell Shares

PyroGenesis Canada Inc. Signs Additional $1.1 Million Contract with US Tunneling Company

PyroGenesis Canada Inc. Signs Initial Plasma Torch Contract with Major Iron Ore Producer

Pyrogenesis Receives Confirmation That the First 5,000 Tpy Drosrite System Successfully Passes Factory Acceptance Test

PyroGenesis Canada Inc. has completed a Composite Units Offering in the amount of CAD 10.5012 million.

PyroGenesis Canada Inc. Updates HPQ NANO on the following PUREVAPTM Nano Silicon Reactor Development Program Milestone

PyroGenesis Canada Inc. Announces Receipt of $4.8 million Down Payment Under US Navy Contract