Forza X1 Management
Management criteria checks 0/4
Forza X1's CEO is Joseph Visconti, appointed in Mar 2024, has a tenure of less than a year. total yearly compensation is $1.77M, comprised of 1.5% salary and 98.5% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $27.25K. The average tenure of the management team and the board of directors is 0.2 years and 2.4 years respectively.
Key information
Joseph Visconti
Chief executive officer
US$1.8m
Total compensation
| CEO salary percentage | 1.5% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | less than a year |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$6m |
| Sep 30 2023 | n/a | n/a | -US$6m |
| Jun 30 2023 | n/a | n/a | -US$6m |
| Mar 31 2023 | n/a | n/a | -US$5m |
| Dec 31 2022 | US$2m | US$27k | -US$4m |
Compensation vs Market: Joseph's total compensation ($USD1.77M) is above average for companies of similar size in the US market ($USD663.90K).
Compensation vs Earnings: Insufficient data to compare Joseph's compensation with company performance.
CEO
Joseph Visconti (59 yo)
less than a year
Tenure
US$1,769,872
Compensation
Mr. Joseph C. Visconti is the Executive Chairman and Chief of Product Development of Forza X1, Inc. since July 22, 2022 and serves as its Interim Chief Executive Officer since March 12, 2024. He served as...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | less than a year | US$1.77m | 0.42% $ 27.3k | |
| President & Director of Engineering | less than a year | no data | no data | |
| Interim Chief Financial & Administrative Officer | less than a year | no data | no data | |
| Chief Technology Officer | 2.3yrs | no data | no data | |
| Chief Electrical Engineer | 2.3yrs | no data | no data |
0.2yrs
Average Tenure
Experienced Management: FRZA's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 2.6yrs | US$1.77m | 0.42% $ 27.3k | |
| Independent Director | 2.4yrs | US$42.49k | 0.059% $ 3.8k | |
| Independent Director | 1.8yrs | US$25.50k | 0.029% $ 1.9k | |
| Independent Director | 2.4yrs | US$30.00k | 0% $ 0 |
2.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FRZA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.