Summit Midstream Management
Management criteria checks 2/4
Summit Midstream's CEO is J. Deneke, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is $5.08M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 2.68% of the company’s shares, worth $10.64M. The average tenure of the management team and the board of directors is 4.8 years and 4.5 years respectively.
Key information
J. Deneke
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 5.2yrs |
| CEO ownership | 2.7% |
| Management average tenure | 4.8yrs |
| Board average tenure | 4.5yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$132m |
| Jun 30 2024 | n/a | n/a | US$70m |
| Mar 31 2024 | n/a | n/a | US$81m |
| Dec 31 2023 | US$5m | US$650k | -US$63m |
| Sep 30 2023 | n/a | n/a | -US$72m |
| Jun 30 2023 | n/a | n/a | -US$82m |
| Mar 31 2023 | n/a | n/a | -US$159m |
| Dec 31 2022 | US$4m | US$624k | -US$128m |
| Sep 30 2022 | n/a | n/a | -US$121m |
| Jun 30 2022 | n/a | n/a | -US$110m |
| Mar 31 2022 | n/a | n/a | -US$32m |
| Dec 31 2021 | US$4m | US$600k | -US$44m |
| Sep 30 2021 | n/a | n/a | US$129m |
| Jun 30 2021 | n/a | n/a | US$197m |
| Mar 31 2021 | n/a | n/a | US$266m |
| Dec 31 2020 | US$2m | US$600k | US$263m |
| Sep 30 2020 | n/a | n/a | -US$67m |
| Jun 30 2020 | n/a | n/a | -US$141m |
| Mar 31 2020 | n/a | n/a | -US$194m |
| Dec 31 2019 | US$5m | US$162k | -US$213m |
Compensation vs Market: J.'s total compensation ($USD5.08M) is above average for companies of similar size in the US market ($USD2.14M).
Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.
CEO
J. Deneke (50 yo)
5.2yrs
Tenure
US$5,080,645
Compensation
Mr. J. Heath Deneke is Chairman of Summit Midstream Corporation from May 28, 2020. Mr. Deneke is President, CEO & Director of Summit Midstream Corporation from September 16, 2019. Mr. Deneke joined the Sum...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$5.08m | 2.68% $ 10.6m | |
| Executive VP & CFO | 2.8yrs | US$1.66m | 0.38% $ 1.5m | |
| Executive VP | 4.2yrs | US$1.85m | 0.48% $ 1.9m | |
| Senior Vice President of Engineering & Operations | no data | no data | no data | |
| Senior VP & Chief Accounting Officer | 4.8yrs | no data | 0.19% $ 771.6k | |
| Director of Finance | no data | no data | no data | |
| VP & Controller | 8.2yrs | no data | no data |
4.8yrs
Average Tenure
48.5yo
Average Age
Experienced Management: SMC's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$5.08m | 2.68% $ 10.6m | |
| Independent Director | 12.2yrs | US$213.60k | 0.28% $ 1.1m | |
| Independent Lead Director | 4.4yrs | US$220.60k | 0.28% $ 1.1m | |
| Independent Director | 4.5yrs | US$196.60k | 0.28% $ 1.1m | |
| Independent Director | 4.5yrs | US$208.60k | 0.28% $ 1.1m | |
| Independent Director | 5.6yrs | US$211.60k | 0.37% $ 1.5m | |
| Independent Director | 2.8yrs | US$193.60k | 0.18% $ 723.7k |
4.5yrs
Average Tenure
56yo
Average Age
Experienced Board: SMC's board of directors are considered experienced (4.5 years average tenure).