Singing Machine Company Management
Management criteria checks 1/4
Singing Machine Company's CEO is Gary Atkinson, appointed in Nov 2009, has a tenure of 14.5 years. total yearly compensation is $224.60K, comprised of 73.6% salary and 26.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $6.64K. The average tenure of the management team and the board of directors is 1.6 years and 1.9 years respectively.
Key information
Gary Atkinson
Chief executive officer
US$224.6k
Total compensation
| CEO salary percentage | 73.6% |
| CEO tenure | 14.5yrs |
| CEO ownership | 0.1% |
| Management average tenure | 1.6yrs |
| Board average tenure | 1.9yrs |
Recent management updates
Recent updates
Market Might Still Lack Some Conviction On The Singing Machine Company, Inc. (NASDAQ:MICS) Even After 46% Share Price Boost
Feb 28
The Singing Machine Company, Inc.'s (NASDAQ:MICS) Share Price Could Signal Some Risk
Nov 14Singing Machine to secure up to $15M financing from Fifth Third Bank
Oct 18Singing Machine announces new fall partnership with Sam’s Club for Fall 2022
Sep 20Singing Machine GAAP EPS of -$0.01, revenue of $11.69M
Aug 22Singing Machine GAAP EPS of $0.14, revenue of $47.51M
Jul 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$225k | US$165k | -US$9m |
| Sep 30 2023 | n/a | n/a | -US$7m |
| Jun 30 2023 | n/a | n/a | -US$7m |
| Mar 31 2023 | n/a | n/a | -US$5m |
| Dec 31 2022 | n/a | n/a | -US$3m |
| Sep 30 2022 | n/a | n/a | -US$63k |
| Jun 30 2022 | n/a | n/a | US$333k |
| Mar 31 2022 | US$161k | US$156k | US$230k |
| Dec 31 2021 | n/a | n/a | US$804k |
| Sep 30 2021 | n/a | n/a | US$545k |
| Jun 30 2021 | n/a | n/a | US$2m |
| Mar 31 2021 | US$255k | US$150k | US$2m |
| Dec 31 2020 | n/a | n/a | US$2m |
| Sep 30 2020 | n/a | n/a | -US$411k |
| Jun 30 2020 | n/a | n/a | -US$2m |
| Mar 31 2020 | US$150k | US$150k | -US$3m |
| Dec 31 2019 | n/a | n/a | -US$2m |
| Sep 30 2019 | n/a | n/a | US$203k |
| Jun 30 2019 | n/a | n/a | US$796k |
| Mar 31 2019 | US$150k | US$150k | US$632k |
| Dec 31 2018 | n/a | n/a | US$214k |
| Sep 30 2018 | n/a | n/a | US$78k |
| Jun 30 2018 | n/a | n/a | -US$355k |
| Mar 31 2018 | US$224k | US$127k | US$152k |
Compensation vs Market: Gary's total compensation ($USD224.60K) is below average for companies of similar size in the US market ($USD667.63K).
Compensation vs Earnings: Gary's compensation has increased whilst the company is unprofitable.
CEO
Gary Atkinson (42 yo)
14.5yrs
Tenure
US$224,600
Compensation
Mr. Gary Atkinson serves as Director at The Singing Machine Company, Inc. since August 11, 2021 and served as its Chairman since July 2022. He has been the Chief Executive Officer of The Singing Machine Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 14.5yrs | US$224.60k | 0.11% $ 6.6k | |
| Chief Revenue Officer & Director | 2.1yrs | US$276.98k | 0.18% $ 11.2k | |
| Executive Chairman | 1.1yrs | no data | no data | |
| CFO & Corporate Controller | less than a year | no data | no data | |
| Investor Relations Contact | no data | no data | no data |
1.6yrs
Average Tenure
49yo
Average Age
Experienced Management: MICS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.8yrs | US$224.60k | 0.11% $ 6.6k | |
| Chief Revenue Officer & Director | 1.8yrs | US$276.98k | 0.18% $ 11.2k | |
| Executive Chairman | 1.1yrs | no data | no data | |
| Independent Director | 20.2yrs | US$19.50k | 0.23% $ 14.1k | |
| Independent Director | 7yrs | US$19.50k | 0.027% $ 1.6k | |
| Independent Director | 1.8yrs | US$19.00k | 0% $ 0 | |
| Director | 1.8yrs | US$17.00k | 0% $ 0 | |
| Independent Director | 2.4yrs | US$17.50k | 0.0096% $ 585.9 | |
| Independent Director | 1.1yrs | US$16.00k | no data | |
| Independent Director | 2yrs | US$19.50k | 17.62% $ 1.1m |
1.9yrs
Average Tenure
53.5yo
Average Age
Experienced Board: MICS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.