Empire Petroleum Corporation

NYSEAM:EP Stock Report

Market Cap: US$154.1m

Empire Petroleum Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Mike Morrisett

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage18.5%
CEO tenure9.3yrs
CEO ownership2.1%
Management average tenureno data
Board average tenure2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Morrisett's remuneration changed compared to Empire Petroleum's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$12m

Sep 30 2023n/an/a

-US$10m

Jun 30 2023n/an/a

-US$7m

Mar 31 2023n/an/a

US$1m

Dec 31 2022US$1mUS$260k

US$7m

Sep 30 2022n/an/a

US$754k

Jun 30 2022n/an/a

-US$3m

Mar 31 2022n/an/a

-US$14m

Dec 31 2021US$405kUS$250k

-US$19m

Sep 30 2021n/an/a

-US$24m

Jun 30 2021n/an/a

-US$22m

Mar 31 2021n/an/a

-US$19m

Dec 31 2020US$1mUS$227k

-US$17m

Sep 30 2020n/an/a

-US$6m

Jun 30 2020n/an/a

-US$5m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$1mUS$216k

-US$7m

Sep 30 2019n/an/a

-US$4m

Jun 30 2019n/an/a

-US$3m

Mar 31 2019n/an/a

-US$1m

Dec 31 2018US$156kn/a

-US$1m

Sep 30 2018n/an/a

-US$1m

Jun 30 2018n/an/a

-US$1m

Mar 31 2018n/an/a

-US$972k

Dec 31 2017US$55kUS$55k

-US$830k

Compensation vs Market: Mike's total compensation ($USD1.40M) is about average for companies of similar size in the US market ($USD1.64M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

CEO

Mike Morrisett (59 yo)

9.3yrs

Tenure

US$1,403,655

Compensation

Mr. Michael R. Morrisett, also known as Mike, has been the President and Director of Empire Petroleum Corporation since January 19, 2015 and Treasurer since September 13, 2018 and served as its Chief Accou...

Board Members

NamePositionTenureCompensationOwnership
Michael Morrisett
CEO, COO9.3yrsUS$1.40m2.08%
$ 3.2m
Phil Mulacek
Independent Chairman of the Board2.6yrsUS$695.75k20.14%
$ 31.0m
Mason Matschke
Independent Director3.1yrsUS$719.88k2.93%
$ 4.5m
Benjamin Marchive
Independent Director2.6yrsUS$659.75k0.19%
$ 294.8k
J. Vann
Independent Director1.1yrsno data0.071%
$ 109.0k
Andrew Lewis
Independent Director2.1yrsUS$356.28k0.13%
$ 199.8k

2.6yrs

Average Tenure

59yo

Average Age

Experienced Board: EP's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

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