Vivakor Management
Management criteria checks 1/4
Vivakor's CEO is James Ballengee, appointed in Oct 2022, has a tenure of 1.58 years. total yearly compensation is $1.08M, comprised of 92.9% salary and 7.1% bonuses, including company stock and options. directly owns 40.94% of the company’s shares, worth $13.05M. The average tenure of the management team and the board of directors is 4.1 years and 1.5 years respectively.
Key information
James Ballengee
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 92.9% |
| CEO tenure | 1.6yrs |
| CEO ownership | 40.9% |
| Management average tenure | 4.1yrs |
| Board average tenure | 1.5yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$1m | US$1m | -US$11m |
| Sep 30 2023 | n/a | n/a | -US$19m |
| Jun 30 2023 | n/a | n/a | -US$18m |
| Mar 31 2023 | n/a | n/a | -US$21m |
| Dec 31 2022 | US$1m | US$178k | -US$19m |
Compensation vs Market: James's total compensation ($USD1.08M) is above average for companies of similar size in the US market ($USD663.07K).
Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.
CEO
James Ballengee (56 yo)
1.6yrs
Tenure
US$1,076,923
Compensation
Mr. James H. Ballengee is Owner of Jamex, LLC. He serves as Chief Executive Officer and Chairman at Vivakor, Inc. since October 28, 2022. He combines experience in midstream oil and gas senior management r...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.6yrs | US$1.08m | 40.94% $ 13.0m | |
| CFO, Secretary & Director | 10.3yrs | US$1.11m | no data | |
| Executive Vice President of Operations & Construction | 1.3yrs | US$250.00k | no data | |
| Chief Scientific Officer | 6.6yrs | no data | no data | |
| President of Acquisitions | no data | no data | no data |
4.1yrs
Average Tenure
40yo
Average Age
Experienced Management: VIVK's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.6yrs | US$1.08m | 40.94% $ 13.0m | |
| CFO, Secretary & Director | 1.3yrs | US$1.11m | no data | |
| Independent Director | 1.3yrs | US$163.39k | no data | |
| Independent Director | 1.3yrs | US$166.85k | no data | |
| Member of Advisory Board | 8.2yrs | no data | no data | |
| Member of Advisory Board | 5.2yrs | no data | no data | |
| Member of Advisory Board | no data | no data | no data |
1.5yrs
Average Tenure
52yo
Average Age
Experienced Board: VIVK's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.