This company has been acquired
Sprague Resources Management
Management criteria checks 2/4
Key information
Dave Glendon
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 25.8% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.5% |
| Management average tenure | 7.5yrs |
| Board average tenure | 1.4yrs |
Recent management updates
Recent updates
Sprague Resources declares $0.4338 dividend
Oct 17Sprague Resources declares $0.4338 dividend
Jul 25Sprague Resources: The Worst Is Still Coming
May 12Sprague Resources: Liquidity Crisis Amplifying With A Terrible First Quarter Inbound, Time To Sell
Mar 07Sprague Resources: Impending Liquidity Crisis, Distributions Could Be Suspended
Jan 02Sprague Resources: 12.1% Yield But Risks Abound
Nov 30Sprague Resources: Distribution Cut Less Than Expected
Oct 26Double-Digit Dividends: 12.46%-Yielding Sprague Resources Looks Expensive
Oct 20Sprague Resources: Distributions Cut As Warned, Brace For A Near Wipeout
Aug 06Sprague Resources: Distribution Still Risky Despite Good Fortunes
Dec 09Sprague Resources EPS beats by $0.72, beats on revenue
Nov 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2022 | n/a | n/a | -US$99m |
| Mar 31 2022 | n/a | n/a | -US$100m |
| Dec 31 2021 | US$1m | US$380k | -US$69m |
| Sep 30 2021 | n/a | n/a | -US$112m |
| Jun 30 2021 | n/a | n/a | US$11m |
| Mar 31 2021 | n/a | n/a | US$30m |
| Dec 31 2020 | US$1m | US$381k | US$26m |
| Sep 30 2020 | n/a | n/a | US$35m |
| Jun 30 2020 | n/a | n/a | US$18m |
| Mar 31 2020 | n/a | n/a | US$38m |
| Dec 31 2019 | US$898k | US$371k | US$25m |
| Sep 30 2019 | n/a | n/a | US$50m |
| Jun 30 2019 | n/a | n/a | US$39m |
| Mar 31 2019 | n/a | n/a | US$31m |
| Dec 31 2018 | US$860k | US$370k | US$72m |
| Sep 30 2018 | n/a | n/a | US$23m |
| Jun 30 2018 | n/a | n/a | US$28m |
| Mar 31 2018 | n/a | n/a | US$35m |
| Dec 31 2017 | US$1m | US$364k | US$26m |
| Sep 30 2017 | n/a | n/a | US$38m |
| Jun 30 2017 | n/a | n/a | US$44m |
| Mar 31 2017 | n/a | n/a | US$43m |
| Dec 31 2016 | US$1m | US$356k | US$8m |
| Sep 30 2016 | n/a | n/a | US$38m |
| Jun 30 2016 | n/a | n/a | US$56m |
| Mar 31 2016 | n/a | n/a | US$64m |
| Dec 31 2015 | US$2m | US$350k | US$78m |
Compensation vs Market: Dave's total compensation ($USD1.48M) is below average for companies of similar size in the US market ($USD2.69M).
Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.
CEO
Dave Glendon (56 yo)
11.3yrs
Tenure
US$1,475,431
Compensation
Mr. David C. Glendon, also known as Dave, has been the Chief Executive Officer, Chief Operating Officer since January 01, 2019 and President of Sprague Resources GP LLC, General Partner of Sprague Resource...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$1.48m | 0.47% $ 2.5m | |
| CFO & Principal Accounting Officer of Sprague Resources GP LLC | 3.8yrs | US$587.23k | 0.11% $ 601.0k | |
| Chief Information Officer & VP of Sprague Resources GP LLC | 1.3yrs | US$473.58k | no data | |
| VP & Chief Risk Officer of Sprague Resources GP LLC | 11.3yrs | US$602.82k | 0.15% $ 778.2k | |
| Vice President of Natural Gas - Sprague Resources GP LLC | 11.3yrs | US$621.52k | no data | |
| Vice President of Operation - Sprague Resources GP LLC | 2.3yrs | no data | no data | |
| VP, General Counsel | 11.3yrs | no data | 0.036% $ 187.6k | |
| Vice President of Corporate Development & IT - Sprague Resources GP LLC | 3.7yrs | US$1.09m | 0.16% $ 846.9k | |
| Managing Director of Human Resources of Sprague Resources GP LLC | no data | no data | no data |
7.5yrs
Average Tenure
58yo
Average Age
Experienced Management: SRLP's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$1.48m | 0.47% $ 2.5m | |
| Independent Director of Sprague Resources GP LLC | 9yrs | US$137.50k | 0.10% $ 532.3k | |
| Director of Sprague Resources GP LLC | 1.4yrs | no data | 0.19% $ 982.7k | |
| Independent Director of Sprague Resources GP LLC | 1.3yrs | US$117.50k | 0.011% $ 55.3k | |
| Independent Director of Sprague Resources GP LLC | 8yrs | US$137.50k | 0.068% $ 354.4k | |
| Director of Sprague Resources GP LLC | 1.4yrs | no data | no data | |
| Chairman of Sprague Resources GP LLC | 1.4yrs | no data | no data | |
| Director of Sprague Resources GP LLC | 1.4yrs | no data | no data | |
| Director | 1.1yrs | no data | no data |
1.4yrs
Average Tenure
62yo
Average Age
Experienced Board: SRLP's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.