Marine Products Management
Management criteria checks 3/4
Marine Products' CEO is Ben Palmer, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $1.46M, comprised of 30.8% salary and 69.2% bonuses, including company stock and options. directly owns 1.37% of the company’s shares, worth $5.14M. The average tenure of the management team and the board of directors is 1.9 years and 3.5 years respectively.
Key information
Ben Palmer
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 30.8% |
| CEO tenure | 1.9yrs |
| CEO ownership | 1.4% |
| Management average tenure | 1.9yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
There Are Reasons To Feel Uneasy About Marine Products' (NYSE:MPX) Returns On Capital
Feb 13
Marine Products: Quiet Compounder And Potential M&A Target
Jan 08Improved Earnings Required Before Marine Products Corporation (NYSE:MPX) Stock's 25% Jump Looks Justified
Dec 27Marine Products: Expecting A Storm Ahead
Dec 16Marine Products: Good Long-Term Prospects, But Risks Outweigh Rewards In The Near Term
Oct 10Marine Products: Strong Financial Metrics, Moderate Revenue Growth
Sep 07Is It Time To Consider Buying Marine Products Corporation (NYSE:MPX)?
Sep 01Shareholders Are Optimistic That Marine Products (NYSE:MPX) Will Multiply In Value
Aug 14Marine Products Corporation: Still Strong Trends And Upside Potential
Jun 22Is Now The Time To Put Marine Products (NYSE:MPX) On Your Watchlist?
Jun 09Marine Products (NYSE:MPX) Is Reinvesting To Multiply In Value
May 02Marine Products declares $0.14 dividend
Jan 25Marine Products Corporation: A Microcap Gem
Dec 20Marine Products Is A Cash Cow
Nov 07Marine Products raises dividend by ~17% to $0.14
Oct 26Calculating The Fair Value Of Marine Products Corporation (NYSE:MPX)
Sep 15Marine Products Stock: Shares Still Offer Upside, But They Aren't The Best Out There
Aug 16Marine Products (NYSE:MPX) Has Affirmed Its Dividend Of $0.12
Jul 30Marine Products GAAP EPS of $0.29, revenue of $95.8M
Jul 27Shareholders Are Optimistic That Marine Products (NYSE:MPX) Will Multiply In Value
Jul 20A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)
Jun 13A Look Into Marine Products' (NYSE:MPX) Impressive Returns On Capital
Apr 18Marine Products Stock: Still A Solid Prospect, But Not A Great Prospect
Apr 033 Reasons That The Tide Is Turning For Marine Products
Dec 04Marine Products (NYSE:MPX) Will Pay A Dividend Of US$0.12
Oct 30Marine Products Stock: Boating To Profits
Sep 20Marine Products (NYSE:MPX) Will Pay A Larger Dividend Than Last Year At US$0.12
Jul 31Calculating The Fair Value Of Marine Products Corporation (NYSE:MPX)
Jun 21Marine Products raises dividend by 20% to $0.12 per share
Apr 28This Is Why Marine Products Corporation's (NYSE:MPX) CEO Compensation Looks Appropriate
Apr 21Marine Products (NYSE:MPX) Hasn't Managed To Accelerate Its Returns
Mar 30Is Marine Products Corporation (NYSE:MPX) A Smart Pick For Income Investors?
Mar 09A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)
Feb 19
Marine Products Corporation (NYSE:MPX) Looks Interesting, And It's About To Pay A Dividend
Feb 04Marine Products Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jan 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$1m | US$450k | US$42m |
| Sep 30 2023 | n/a | n/a | US$48m |
| Jun 30 2023 | n/a | n/a | US$49m |
| Mar 31 2023 | n/a | n/a | US$45m |
| Dec 31 2022 | US$1m | US$431k | US$40m |
| Sep 30 2022 | n/a | n/a | US$37m |
| Jun 30 2022 | n/a | n/a | US$32m |
| Mar 31 2022 | n/a | n/a | US$28m |
| Dec 31 2021 | US$905k | US$400k | US$29m |
| Sep 30 2021 | n/a | n/a | US$28m |
| Jun 30 2021 | n/a | n/a | US$27m |
| Mar 31 2021 | n/a | n/a | US$23m |
| Dec 31 2020 | US$817k | US$400k | US$19m |
| Sep 30 2020 | n/a | n/a | US$16m |
| Jun 30 2020 | n/a | n/a | US$17m |
| Mar 31 2020 | n/a | n/a | US$25m |
| Dec 31 2019 | US$856k | US$400k | US$28m |
| Sep 30 2019 | n/a | n/a | US$29m |
| Jun 30 2019 | n/a | n/a | US$29m |
| Mar 31 2019 | n/a | n/a | US$28m |
| Dec 31 2018 | US$849k | US$350k | US$28m |
| Sep 30 2018 | n/a | n/a | US$28m |
| Jun 30 2018 | n/a | n/a | US$25m |
| Mar 31 2018 | n/a | n/a | US$22m |
| Dec 31 2017 | US$1m | US$321k | US$19m |
Compensation vs Market: Ben's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Palmer (63 yo)
1.9yrs
Tenure
US$1,463,400
Compensation
Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.2yrs | US$909.60k | 3.62% $ 13.6m | |
| President | 1.9yrs | US$1.46m | 1.37% $ 5.1m | |
| CFO, VP | 1.9yrs | US$501.00k | 0.12% $ 454.2k | |
| Manager of Investor Relations & Corporate Communications | no data | no data | no data | |
| Vice President of Corporate Finance | no data | no data | no data |
1.9yrs
Average Tenure
63yo
Average Age
Experienced Management: MPX's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.2yrs | US$909.60k | 3.62% $ 13.6m | |
| President | 1.9yrs | US$1.46m | 1.37% $ 5.1m | |
| Lead Independent Director | 3.7yrs | US$157.00k | 0.017% $ 62.5k | |
| Director | 23.3yrs | US$125.00k | 3.58% $ 13.5m | |
| Independent Director | 2yrs | US$136.00k | 0.019% $ 73.3k | |
| Non-Independent Director | 6.8yrs | US$125.00k | 0.44% $ 1.7m | |
| Director | 1.5yrs | US$127.00k | 0.52% $ 2.0m | |
| Non-Independent Director | 7.5yrs | US$127.00k | 0.32% $ 1.2m | |
| Independent Director | 3.3yrs | US$131.00k | 0.024% $ 89.6k | |
| Independent Director | 3.3yrs | US$150.00k | 0.022% $ 84.2k |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: MPX's board of directors are considered experienced (3.5 years average tenure).