Churchill Downs Management
Management criteria checks 3/4
Churchill Downs' CEO is Bill Carstanjen, appointed in Aug 2014, has a tenure of 9.67 years. total yearly compensation is $12.21M, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 2.03% of the company’s shares, worth $185.19M. The average tenure of the management team and the board of directors is 2.8 years and 10.5 years respectively.
Key information
Bill Carstanjen
Chief executive officer
US$12.2m
Total compensation
| CEO salary percentage | 13.3% |
| CEO tenure | 9.7yrs |
| CEO ownership | 2.0% |
| Management average tenure | 2.8yrs |
| Board average tenure | 10.5yrs |
Recent management updates
Recent updates
Churchill Downs Incorporated's (NASDAQ:CHDN) Intrinsic Value Is Potentially 68% Above Its Share Price
Mar 31
What Does Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Indicate?
Feb 14Churchill Downs: Accelerating Growth Might Justify High Valuation
Feb 06Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jan 08Churchill Downs Incorporated's (NASDAQ:CHDN) Earnings Haven't Escaped The Attention Of Investors
Dec 21Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 25% Undervaluation?
Oct 09Is Now The Time To Look At Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
Sep 23Is Churchill Downs (NASDAQ:CHDN) A Risky Investment?
Sep 05A Look At The Intrinsic Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
Jul 03Is It Time To Consider Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
Jun 20Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jun 06Do Churchill Downs' (NASDAQ:CHDN) Earnings Warrant Your Attention?
May 23Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 46% Undervaluation?
Mar 27Is Now An Opportune Moment To Examine Churchill Downs Incorporated (NASDAQ:CHDN)?
Mar 12Here's Why We Think Churchill Downs (NASDAQ:CHDN) Is Well Worth Watching
Jan 21Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 48% Undervaluation?
Dec 21When Should You Buy Churchill Downs Incorporated (NASDAQ:CHDN)?
Dec 06Is Now The Time To Put Churchill Downs (NASDAQ:CHDN) On Your Watchlist?
Oct 20Churchill Downs: Ellis Park Acquisition Should Accelerate Growth
Oct 19Should You Investigate Churchill Downs Incorporated (NASDAQ:CHDN) At US$206?
Aug 23Churchill Downs to divest 49% of United Tote to New York Racing Association
Aug 12Churchill Downs Q2 2022 Earnings Preview
Jul 26Here's Why We Think Churchill Downs (NASDAQ:CHDN) Is Well Worth Watching
Jul 18Is Churchill Downs (NASDAQ:CHDN) Using Too Much Debt?
Jun 18Is Now The Time To Look At Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
May 18I Ran A Stock Scan For Earnings Growth And Churchill Downs (NASDAQ:CHDN) Passed With Ease
Apr 16Churchill Downs Racing Higher
Feb 23What Does Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Indicate?
Jan 17Estimating The Intrinsic Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
Aug 16What Is Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Doing?
Jul 29These 4 Measures Indicate That Churchill Downs (NASDAQ:CHDN) Is Using Debt Extensively
Jun 24Churchill Downs inks HRM agreement with Aristocrat Gaming
May 28Churchill Downs sees wagering higher for Kentucky Derby than 2019 level
May 03Calculating The Fair Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
May 02Increases to Churchill Downs Incorporated's (NASDAQ:CHDN) CEO Compensation Might Cool off for now
Apr 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$12m | US$2m | US$417m |
| Sep 30 2023 | n/a | n/a | US$361m |
| Jun 30 2023 | n/a | n/a | US$357m |
| Mar 31 2023 | n/a | n/a | US$553m |
| Dec 31 2022 | US$12m | US$2m | US$439m |
| Sep 30 2022 | n/a | n/a | US$482m |
| Jun 30 2022 | n/a | n/a | US$486m |
| Mar 31 2022 | n/a | n/a | US$255m |
| Dec 31 2021 | US$14m | US$2m | US$249m |
| Sep 30 2021 | n/a | n/a | US$222m |
| Jun 30 2021 | n/a | n/a | US$204m |
| Mar 31 2021 | n/a | n/a | US$72m |
| Dec 31 2020 | US$10m | US$1m | US$14m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | -US$26m |
| Mar 31 2020 | n/a | n/a | US$106m |
| Dec 31 2019 | US$11m | US$1m | US$140m |
| Sep 30 2019 | n/a | n/a | US$143m |
| Jun 30 2019 | n/a | n/a | US$186m |
| Mar 31 2019 | n/a | n/a | US$180m |
| Dec 31 2018 | US$21m | US$1m | US$183m |
| Sep 30 2018 | n/a | n/a | US$210m |
| Jun 30 2018 | n/a | n/a | US$165m |
| Mar 31 2018 | n/a | n/a | US$134m |
| Dec 31 2017 | US$7m | US$1m | US$122m |
Compensation vs Market: Bill's total compensation ($USD12.21M) is above average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Carstanjen (55 yo)
9.7yrs
Tenure
US$12,211,634
Compensation
Mr. William C. Carstanjen, also known as Bill, is Chief Executive Officer and Director of Churchill Downs Incorporated from August 2014 and July 2015 respectively. He joined the Churchill Downs Incorporate...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.7yrs | US$12.21m | 2.03% $ 178.0m | |
| President & COO | 9.7yrs | US$6.14m | 0.85% $ 74.6m | |
| Executive VP & CFO | 8.5yrs | US$4.38m | 0.19% $ 16.5m | |
| Executive VP | 7.1yrs | US$2.70m | 0.030% $ 2.6m | |
| Executive Vice President of Gaming Operations | 2.2yrs | US$2.46m | 0.015% $ 1.3m | |
| VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP & CTO | 2.2yrs | no data | no data | |
| Director of Investor Relations | less than a year | no data | no data | |
| Senior Vice President of Corporate Development | 2.8yrs | no data | no data | |
| Senior VP of Human Resources | 1.8yrs | no data | no data | |
| Senior VP & President of Churchill Downs Racetrack | 3.3yrs | US$247.56k | no data | |
| Senior VP and President of TwinSpires & Online Gaming | 2.3yrs | no data | no data |
2.8yrs
Average Tenure
53.5yo
Average Age
Experienced Management: CHDN's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.8yrs | US$12.21m | 2.03% $ 178.0m | |
| Independent Director | 6.8yrs | US$284.50k | 0% $ 0 | |
| Director Emeritus | no data | US$822.70k | no data | |
| Director Emeritus | 18.8yrs | no data | no data | |
| Director Emeritus | no data | US$41.59k | no data | |
| Independent Director | 24.3yrs | US$294.50k | 0% $ 0 | |
| Independent Director | 12.3yrs | US$263.75k | 0% $ 0 | |
| Independent Director | 26.3yrs | US$306.00k | 0.00049% $ 43.1k | |
| Independent Director | 4.2yrs | US$293.50k | 0.022% $ 1.9m | |
| Independent Chairman of the Board | 16.3yrs | US$394.00k | 0.062% $ 5.4m | |
| Independent Director | 1.3yrs | US$266.73k | 0% $ 0 | |
| Independent Director | 6yrs | US$301.00k | 0.027% $ 2.4m |
10.5yrs
Average Tenure
67.5yo
Average Age
Experienced Board: CHDN's board of directors are seasoned and experienced ( 10.5 years average tenure).