Avantax Management

Management criteria checks 2/4

Avantax's CEO is Chris Walters, appointed in Jan 2020, has a tenure of 3.83 years. total yearly compensation is $7.91M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 1.9% of the company’s shares, worth $18.17M. The average tenure of the management team and the board of directors is 0.8 years and 3.7 years respectively.

Key information

Chris Walters

Chief executive officer

US$7.9m

Total compensation

CEO salary percentage	9.9%
CEO tenure	3.8yrs
CEO ownership	1.9%
Management average tenure	less than a year
Board average tenure	3.7yrs

Recent management updates

Recent updates

Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%

Feb 19

Read This Before Selling Blucora, Inc. (NASDAQ:BCOR) Shares

Nov 30

CEO Compensation Analysis

How has Chris Walters's remuneration changed compared to Avantax's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$239k
Jun 30 2023	n/a	n/a	US$2m
Mar 31 2023	n/a	n/a	-US$679k
Dec 31 2022	US$8m	US$780k	US$3m
Sep 30 2022	n/a	n/a	-US$70m
Jun 30 2022	n/a	n/a	-US$98m
Mar 31 2022	n/a	n/a	-US$68m
Dec 31 2021	US$7m	US$780k	-US$44m
Sep 30 2021	n/a	n/a	-US$19m
Jun 30 2021	n/a	n/a	-US$18m
Mar 31 2021	n/a	n/a	US$385k
Dec 31 2020	US$8m	US$711k	-US$368m
Sep 30 2020	n/a	n/a	-US$275m
Jun 30 2020	n/a	n/a	-US$311m
Mar 31 2020	n/a	n/a	-US$330m
Dec 31 2019	US$186k	n/a	US$48m
Sep 30 2019	n/a	n/a	US$12m
Jun 30 2019	n/a	n/a	US$57m
Mar 31 2019	n/a	n/a	US$61m
Dec 31 2018	US$177k	n/a	US$45m
Sep 30 2018	n/a	n/a	US$73m
Jun 30 2018	n/a	n/a	US$74m
Mar 31 2018	n/a	n/a	US$42m
Dec 31 2017	US$163k	n/a	US$27m
Sep 30 2017	n/a	n/a	US$3m
Jun 30 2017	n/a	n/a	US$6m
Mar 31 2017	n/a	n/a	US$8m
Dec 31 2016	US$179k	n/a	-US$2m

Compensation vs Market: Chris's total compensation ($USD7.91M) is above average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Walters (49 yo)

3.8yrs

Tenure

US$7,914,813

Compensation

Mr. Christopher W. Walters, also known as Chris, serves as President, Chief Executive Officer and Executive Director at Avantax, Inc. (formerly known as Blucora, Inc.) since January 30, 2020. Mr. Walters s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Walters	President	3.8yrs	US$7.91m	1.9% $ 18.2m
Marc Mehlman	CFO & Treasurer	3.6yrs	US$2.21m	0.37% $ 3.5m
Todd Mackay	President of Wealth Management	3.6yrs	US$2.26m	0.62% $ 5.9m
Jennifer Hutchins	Co-Chief Investment Officer	less than a year	no data	no data
Ivan Gruhl	VP & Co-Chief Investment Officer	no data	no data	no data
Chris McClellen	Chief Technology Officer	no data	no data	no data
Dee Littrell	Investor Relations	no data	no data	no data
Tabitha Bailey	Chief Legal Officer & Corporate Secretary	less than a year	no data	0.012% $ 114.9k
Melissa Loner	VP & Chief Compliance Officer	less than a year	no data	no data
Blynn Austin	Vice President of Communications	less than a year	no data	no data
Raj Doshi	Chief Growth & Marketing Officer	3.6yrs	no data	no data
Michael Molnar	Senior Vice President of Corporate Development	less than a year	no data	no data

0.8yrs

Average Tenure

47yo

Average Age

Experienced Management: AVTA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Walters	President	9.5yrs	US$7.91m	1.9% $ 18.2m
Mark Ernst	Independent Director	3.7yrs	US$237.42k	0.22% $ 2.1m
J. Leaman	Independent Director	1.7yrs	US$407.30k	0.029% $ 278.1k
Georganne Proctor	Independent Chairman	6.4yrs	US$364.88k	0.037% $ 357.1k
Jana Schreuder	Independent Director	3.7yrs	US$244.59k	0.099% $ 948.5k
E. Hayles	Independent Director	5.3yrs	US$239.29k	0.038% $ 360.2k
Kanayalal Kotecha	Independent Director	1.7yrs	US$370.56k	0.043% $ 408.1k
Karthik Rao	Independent Director	3.3yrs	US$215.85k	0.077% $ 732.4k
Tina Perry	Independent Director	2.8yrs	US$215.66k	0.062% $ 591.2k

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: AVTA's board of directors are considered experienced (3.7 years average tenure).

Avantax Management

Management criteria checks 2/4

Key information

Recent management updates

Avantax Appoints Andrew Erickson as Independent Financial Advisor

President exercised options and sold US$128k worth of stock

Avantax Promotes Jennifer Hutchins to Co-Chief Investment Officer

Avantax, Inc. Appoints Bruce Tuckey and Dave Renko as Regional Recruiting Director

Insider recently sold US$247k worth of stock

Avantax, Inc. Appoints Melissa Loner as Chief Compliance Officer

Recent updates

Avantax Appoints Andrew Erickson as Independent Financial Advisor

Avantax, Inc. Files Form 15

Avantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500

Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.

Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.

Consensus EPS estimates fall by 43%

New major risk - Financial position

Third quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 8.0% to US$28.67

Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million.

New major risk - Financial position

Second quarter 2023 earnings: EPS misses analyst expectations

Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Avantax Reportedly Working with Adviser to Explore Possible Sale

President exercised options and sold US$128k worth of stock

Avantax Promotes Jennifer Hutchins to Co-Chief Investment Officer

Avantax, Inc. Appoints Bruce Tuckey and Dave Renko as Regional Recruiting Director

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Insider recently sold US$247k worth of stock

Avantax, Inc. Provides Earnings Guidance for the Full Year 2023

Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)

Avantax, Inc. Appoints Melissa Loner as Chief Compliance Officer

Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Avantax, Inc. Announces Executive Changes

DS Admiral Bidco, LLC acquired TaxACT Holdings, Inc. from Blucora, Inc. (NasdaqGS:BCOR).

Blucora, Inc. (NasdaqGS:BCOR) announces an Equity Buyback for $450 million worth of its shares.

Independent Director recently bought US$119k worth of stock

Price target increased to US$29.00

High number of new directors

Price target increased to US$28.00

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

DS Admiral Bidco, LLC entered into a Stock Purchase Agreement to acquire TaxACT Holdings, Inc. from Blucora, Inc. (NasdaqGS:BCOR) for approximately $720 million.

Consensus forecasts updated

Blucora, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

Blucora, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Blucora, Inc.(NasdaqGS:BCOR) dropped from Russell 2000 Value Index

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Blucora, Inc. Provides Earnings Guidance for the Full Year of Fiscal Year 2022

High number of new directors

Blucora, Inc. to Report Q1, 2022 Results on May 04, 2022

High number of new directors

President of Wealth Management exercised options to buy US$253k worth of stock.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Blucora, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022

Blucora, Inc. to Report Q4, 2021 Results on Feb 16, 2022

Independent Director recently bought US$825k worth of stock

Third quarter 2021 earnings released: US$0.57 loss per share (vs US$0.55 loss in 3Q 2020)

Price target increased to US$25.33

Independent Director John MacIlwaine has left the company

Independent Director John MacIlwaine has left the company

Ancora Holdings Issues Letter to the Board of Directors of Blucora

Second quarter 2021 earnings released: EPS US$0.65 (vs US$1.04 in 2Q 2020)

Blucora, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2021

Blucora: Investor Day Highlights Improved Medium-Term Outlook

Price target increased to US$23.00

Consensus EPS estimates increase to -US$0.10

Blucora, Inc. Updates Earnings Outlook for the Second Quarter and Full Year 2021

Blucora forecasts Q2 and FY21 EPS above estimates

First quarter 2021 earnings released: EPS US$0.57 (vs US$6.60 loss in 1Q 2020)

Blucora, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2021

Blucora EPS beats by $0.08, misses on revenue

Blucora, Inc., Annual General Meeting, Apr 21, 2021

New 90-day high: US$17.97

Blucora Announces Appointment of Tina Perry to the Board of Directors

Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%