Forum Energy Technologies Management
Management criteria checks 2/4
Forum Energy Technologies' CEO is Neal Lux, appointed in Feb 2022, has a tenure of 2.83 years. total yearly compensation is $4.46M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth $2.32M. The average tenure of the management team and the board of directors is 3.6 years and 13.2 years respectively.
Key information
Neal Lux
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 14.9% |
| CEO tenure | 2.8yrs |
| CEO ownership | 1.3% |
| Management average tenure | 3.6yrs |
| Board average tenure | 13.2yrs |
Recent management updates
Recent updates
Here's Why Forum Energy Technologies (NYSE:FET) Has A Meaningful Debt Burden
Jul 17
Forum Energy Technologies: Valuation Concerns Before The Potential Recovery
May 15Forum Energy Technologies: Recent Acquisition Can Change Its Trajectory Despite The Challenges
Dec 05Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt
Nov 07Forum Energy Strives To Bounce Back From The Current Headwinds (Rating Downgrade)
Sep 21These 4 Measures Indicate That Forum Energy Technologies (NYSE:FET) Is Using Debt Extensively
Jun 24Forum Energy Shares Encouraging Scenarios
Jun 06Forum Energy Technologies' (NYSE:FET) Solid Profits Have Weak Fundamentals
Mar 02Forum Energy Non-GAAP EPS of -$0.45, revenue of $191M; issues FY23 EBITDA guidance
Feb 21Forum Energy Technologies to convert notes due 2025 into shares
Dec 29Forum Energy GAAP EPS of $1.82, revenue of $181.8M
Nov 08Does Forum Energy Technologies (NYSE:FET) Have A Healthy Balance Sheet?
Oct 27Forum Energy: Consumables Demand, Booking Growth Can Accelerate Returns
Sep 14Forum Energy reports Q2 earnings; raises FY22 guidance and issues Q3 outlook
Aug 05Forum Energy Technologies: Completions Segment Demand And International Contracts Hold It Steady
Jul 08Forum Energy Technologies: Operating Leverage
Apr 08Forum Energy Technologies: Steady Order Book Builds The Pillar
Jan 18Forum Energy Technologies Is Already On The Move
Jul 05Forum Energy EPS misses by $3.00, misses on revenue
May 06Forum Energy EPS misses by $0.01, misses on revenue
Nov 05Forum Energy announces reverse stock-split
Oct 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$49m |
| Jun 30 2024 | n/a | n/a | -US$26m |
| Mar 31 2024 | n/a | n/a | -US$26m |
| Dec 31 2023 | US$4m | US$663k | -US$19m |
| Sep 30 2023 | n/a | n/a | -US$15m |
| Jun 30 2023 | n/a | n/a | -US$6m |
| Mar 31 2023 | n/a | n/a | US$9m |
| Dec 31 2022 | US$4m | US$564k | US$4m |
| Sep 30 2022 | n/a | n/a | -US$3m |
| Jun 30 2022 | n/a | n/a | -US$31m |
| Mar 31 2022 | n/a | n/a | -US$62m |
| Dec 31 2021 | US$1m | US$371k | -US$83m |
Compensation vs Market: Neal's total compensation ($USD4.46M) is above average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Neal's compensation has increased whilst the company is unprofitable.
CEO
Neal Lux (49 yo)
2.8yrs
Tenure
US$4,455,101
Compensation
Mr. Neal A. Lux serves as Chief Executive Officer, President and Director at Forum Energy Technologies, Inc since February 18, 2022. Mr. Lux had been Executive Vice President and Chief Operating Officer of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$4.46m | 1.26% $ 2.3m | |
| Executive VP & CFO | 4.4yrs | US$2.38m | 0.51% $ 934.5k | |
| Executive VP | 6.8yrs | US$1.55m | 0.36% $ 660.2k | |
| Senior VP & Chief Accounting Officer | 2.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 9.8yrs | US$1.07m | 0.27% $ 503.3k | |
| Senior Vice President of Operations | less than a year | no data | 0.049% $ 90.6k | |
| Senior Vice President of Operations | less than a year | no data | 0.018% $ 32.5k | |
| VP of Finance & Treasurer | 5.3yrs | no data | no data |
3.6yrs
Average Tenure
50yo
Average Age
Experienced Management: FET's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$4.46m | 1.26% $ 2.3m | |
| Lead Independent Director | 14.3yrs | US$247.50k | 0.089% $ 163.9k | |
| Independent Director | 12.9yrs | US$235.00k | 0.13% $ 241.7k | |
| Chairman of the Board | 18yrs | no data | 2.28% $ 4.2m | |
| Independent Director | 3.1yrs | US$237.50k | 0.053% $ 98.0k | |
| Independent Director | 13.4yrs | US$240.00k | 0.46% $ 851.2k | |
| Independent Director | 13.8yrs | US$245.00k | 0.087% $ 160.1k | |
| Independent Director | less than a year | US$168.76k | no data |
13.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: FET's board of directors are seasoned and experienced ( 13.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:35 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Forum Energy Technologies, Inc. is covered by 33 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| J. David Anderson | Barclays |
| Chase Mulvehill | BofA Global Research |