Forza X1 Management
Management criteria checks 2/4
Forza X1's CEO is Joseph Visconti, appointed in Mar 2024, has a tenure of less than a year. total yearly compensation is $155.02K, comprised of 48.4% salary and 51.6% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $21.17K. The average tenure of the management team and the board of directors is 1.7 years and 2.8 years respectively.
Key information
Joseph Visconti
Chief executive officer
US$155.0k
Total compensation
| CEO salary percentage | 48.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.6% |
| Management average tenure | 1.7yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$6m |
| Mar 31 2024 | n/a | n/a | -US$5m |
| Dec 31 2023 | US$155k | US$75k | -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$4m |
Compensation vs Market: Joseph's total compensation ($USD155.02K) is below average for companies of similar size in the US market ($USD655.02K).
Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.
CEO
Joseph Visconti (60 yo)
less than a year
Tenure
US$155,016
Compensation
Mr. Joseph C. Visconti had been President of Twin Vee Powercats Co. since 2015 until July 12, 2024. He serves as Chief Executive Officer and Chairman of the Board at Twin Vee Powercats Co. since 2015 and h...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | less than a year | US$155.02k | 0.62% $ 21.2k | |
| Interim Chief Financial & Administrative Officer | less than a year | no data | 0.32% $ 10.7k | |
| Chief Technology Officer | 2.8yrs | no data | no data | |
| Chief Electrical Engineer | 2.8yrs | no data | no data |
1.7yrs
Average Tenure
Experienced Management: FRZA's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3yrs | US$155.02k | 0.62% $ 21.2k | |
| Independent Director | 2.8yrs | US$48.00k | 0.059% $ 2.0k | |
| Independent Director | 2.3yrs | US$25.50k | 0.029% $ 990.1 | |
| Independent Director | 2.8yrs | US$30.00k | 0% $ 0 |
2.8yrs
Average Tenure
61yo
Average Age
Experienced Board: FRZA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.