AvidXchange Holdings Management
Management criteria checks 2/4
AvidXchange Holdings' CEO is Mike Praeger, appointed in Apr 2000, has a tenure of 24.58 years. total yearly compensation is $7.29M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 6.92% of the company’s shares, worth $158.91M. The average tenure of the management team and the board of directors is 5.1 years and 3.1 years respectively.
Key information
Mike Praeger
Chief executive officer
US$7.3m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 24.6yrs |
| CEO ownership | 6.9% |
| Management average tenure | 5.1yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S Is Still On The Mark Following 26% Share Price Bounce
Nov 07
What You Can Learn From AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S After Its 26% Share Price Crash
Aug 01AvidXchange Holdings: Positive Outlook
May 31AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Earnings Haven't Escaped The Attention Of Investors
Apr 27AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst
Mar 04Why Investors Shouldn't Be Surprised By AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S
Jan 08Growth Investors: Industry Analysts Just Upgraded Their AvidXchange Holdings, Inc. (NASDAQ:AVDX) Revenue Forecasts By 10%
Aug 08AvidXchange Holdings, Inc. (NASDAQ:AVDX) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Aug 06KeyCorp cuts AvidXchange PT to $10, maintains Overweight rating
Jul 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$999k |
| Jun 30 2024 | n/a | n/a | -US$13m |
| Mar 31 2024 | n/a | n/a | -US$32m |
| Dec 31 2023 | US$7m | US$500k | -US$47m |
| Sep 30 2023 | n/a | n/a | -US$68m |
| Jun 30 2023 | n/a | n/a | -US$85m |
| Mar 31 2023 | n/a | n/a | -US$92m |
| Dec 31 2022 | US$7m | US$498k | -US$101m |
| Sep 30 2022 | n/a | n/a | -US$159m |
| Jun 30 2022 | n/a | n/a | -US$174m |
| Mar 31 2022 | n/a | n/a | -US$175m |
| Dec 31 2021 | US$8m | US$474k | -US$224m |
| Sep 30 2021 | n/a | n/a | -US$224m |
| Jun 30 2021 | n/a | n/a | -US$207m |
| Mar 31 2021 | n/a | n/a | -US$209m |
| Dec 31 2020 | US$2m | US$404k | -US$166m |
Compensation vs Market: Mike's total compensation ($USD7.29M) is above average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Praeger (59 yo)
24.6yrs
Tenure
US$7,286,265
Compensation
Mr. Michael Praeger, also known as Mike, co-founded AvidXchange Holdings, Inc. (formerly known as AvidXchange, Inc.). in 2000 and serves as its Chairman, Chief Executive Officer since April 2000 and was it...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 24.6yrs | US$7.29m | 6.92% $ 158.9m | |
| President | 1.8yrs | US$5.18m | 0.14% $ 3.2m | |
| Senior VP & CFO | 7.8yrs | US$3.62m | 0.0094% $ 216.2k | |
| Chief Information Officer & Senior VP | 5.1yrs | US$2.78m | 0.065% $ 1.5m | |
| Senior VP | 7yrs | US$2.59m | 0.064% $ 1.5m | |
| Co-Founder & Senior Technology Advisor | 24.8yrs | no data | no data | |
| Chief Operating Officer | 1.3yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Vice President of Compliance | no data | no data | no data | |
| Vice President of Brand Marketing & Communications | no data | no data | no data | |
| Chief People Officer & Senior VP | 4.7yrs | no data | 0.059% $ 1.4m | |
| Senior Vice President of Business Insights | 2.7yrs | no data | no data |
5.1yrs
Average Tenure
54.5yo
Average Age
Experienced Management: AVDX's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 24.6yrs | US$7.29m | 6.92% $ 158.9m | |
| Independent Director | 3.1yrs | US$207.60k | 0.022% $ 515.2k | |
| Independent Director | 22.3yrs | US$221.60k | 1.38% $ 31.7m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 3.1yrs | US$213.60k | 0.021% $ 487.2k | |
| Lead Independent Director | 1.9yrs | US$289.02k | 0.012% $ 281.5k | |
| Independent Director | 1.9yrs | US$294.27k | 0.012% $ 281.5k | |
| Independent Director | less than a year | no data | 0.0021% $ 47.8k | |
| Independent Director | 3.1yrs | US$219.60k | no data |
3.1yrs
Average Tenure
59yo
Average Age
Experienced Board: AVDX's board of directors are considered experienced (3.1 years average tenure).