ION Geophysical Management

Management criteria checks 3/4

ION Geophysical's CEO is Chris Usher, appointed in Jun 2019, has a tenure of 3.25 years. directly owns 1.11% of the company’s shares, worth $985.11. The average tenure of the management team and the board of directors is 3.3 years and 3.3 years respectively.

Key information

Chris Usher

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.3yrs
CEO ownership	1.1%
Management average tenure	3.3yrs
Board average tenure	3.3yrs

Recent management updates

Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

Jan 11

Recent updates

ION Geophysical Corporation Files For Bankruptcy Protection - Sell

Apr 18

ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing

Jan 28

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments

Dec 20

ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern

Sep 23

ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks

Aug 18

Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%

Aug 14

CEO Compensation Analysis

How has Chris Usher's remuneration changed compared to ION Geophysical's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2021	n/a	n/a	-US$44m
Jun 30 2021	n/a	n/a	-US$60m
Mar 31 2021	n/a	n/a	-US$42m
Dec 31 2020	US$460k	US$452k	-US$37m
Sep 30 2020	n/a	n/a	-US$39m
Jun 30 2020	n/a	n/a	-US$26m
Mar 31 2020	n/a	n/a	-US$29m
Dec 31 2019	US$1m	US$457k	-US$48m
Sep 30 2019	n/a	n/a	-US$53m
Jun 30 2019	n/a	n/a	-US$57m
Mar 31 2019	n/a	n/a	-US$74m
Dec 31 2018	US$2m	US$379k	-US$71m
Sep 30 2018	n/a	n/a	-US$53m
Jun 30 2018	n/a	n/a	-US$41m
Mar 31 2018	n/a	n/a	-US$25m
Dec 31 2017	US$706k	US$354k	-US$30m
Sep 30 2017	n/a	n/a	-US$35m
Jun 30 2017	n/a	n/a	-US$39m
Mar 31 2017	n/a	n/a	-US$53m
Dec 31 2016	US$729k	US$341k	-US$65m
Sep 30 2016	n/a	n/a	-US$64m
Jun 30 2016	n/a	n/a	-US$86m
Mar 31 2016	n/a	n/a	-US$5m
Dec 31 2015	US$703k	US$354k	-US$25m

Compensation vs Market: Insufficient data to establish whether Chris's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Usher (61 yo)

3.3yrs

Tenure

US$460,139

Compensation

Mr. Christopher T. Usher, also known as Chris, serves as Director at International Association of Geophysical Contractors since February 2020. Mr. Usher has been President, Chief Executive Officer and Dire...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Usher	CEO, President & Director	3.3yrs	US$460.14k	1.11% $ 985.1
Michael Morrison	Executive VP & CFO	2.6yrs	US$436.01k	0.40% $ 354.2
Steven Bate	Chief Administrative Officer	less than a year	US$384.68k	no data
Matthew Powers	Executive VP	5yrs	US$242.64k	0.33% $ 290.8
Kenneth Williamson	Executive Vice President of Innovation & Strategic Marketing	15.7yrs	US$343.61k	0.62% $ 552.8
Dale Lambert	Executive Vice President of EPTS	1.6yrs	US$263.72k	0.27% $ 236.7
Rachel White	Vice President of Corporate Communications	no data	no data	no data
Lisa Ruiz	Senior Vice President of Global Human Resources	no data	no data	no data
Sheila Rodermund	Executive Vice President of Operations Optimization	no data	no data	0.16% $ 144.5
Scott Schwausch	VP of Finance & Corporate Controller	10.3yrs	US$206.22k	0.084% $ 74.7

3.3yrs

Average Tenure

58yo

Average Age

Experienced Management: IOGP.Q's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Usher	CEO, President & Director	3.3yrs	US$460.14k	1.11% $ 985.1
Mark Doran	Director	1.3yrs	no data	0.016% $ 14.1
James Lapeyre	Chairman & Lead Independent Director	24.7yrs	US$153.05k	2.23% $ 2.0k
S. Nelson	Independent Director	18.1yrs	US$148.25k	0.090% $ 80.3
John Seitz	Independent Director	19.1yrs	US$135.45k	0.097% $ 86.3
Michael McGovern	Independent Director	3.3yrs	US$138.78k	0.033% $ 29.4
Gary Pittman	Director	1.3yrs	no data	0.016% $ 14.1
Huasheng Zheng	Independent Director	no data	US$112.45k	0.020% $ 17.8
ShaoHua Zhang	Independent Director	1.6yrs	no data	0.016% $ 13.9

3.3yrs

Average Tenure

66yo

Average Age

Experienced Board: IOGP.Q's board of directors are considered experienced (3.3 years average tenure).

ION Geophysical Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

ION Geophysical Corporation Announces Board Changes

Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

Ion Geophysical Announces CFO Changes

Recent updates

ION Geophysical Corporation COM NEW Deleted from OTC Equity

Sercel SA completed the acquisition of Software Business of ION Geophysical Corporation.

TGS ASA (OB:TGS) completed the acquisition of Certain Assets of ION Geophysical Corporation (OTCPK:IOGP.Q).

Second Modified First Amended Reorganization Plan and Disclosure Statement Approved for ION Geophysical Corporation

First Motion for Exclusivity Period Extension Filed by ION Geophysical Corporation

First Amended Reorganization Plan and Supplement Disclosure Statement Filed by ION Geophysical Corporation

Sercel SA won the auction to acquire software business of ION Geophysical Corporation.

TGS ASA (OB:TGS) agreed to acquire Certain assets related to ION’s multi-client and processing businesses from ION Geophysical Corporation (OTCPK:IOGP.Q).

ION Completes the Mid North Sea High Phases 2 and 2B Programs, Providing A Greater Understanding of the Zechstein Play

NYSE to Suspend Trading Immediately in ION Geophysical Corporation and Commence Delisting Proceedings

ION Geophysical Receives Non-Compliance Notice from NYSE Regarding 10-K Filing Delinquency

ION Geophysical Corporation Files For Bankruptcy Protection - Sell

Motion for Asset Sale Filed by ION Geophysical Corporation

Motion for Joint Administration Approved for ION Geophysical Corporation

ION Geophysical Corporation announced delayed annual 10-K filing

ION Receives Continued Listing Standard Notice from the NYSE

ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing

ION Geophysical Corporation Provides Earnings Guidance for the Fourth Quarter 2021

ION Receives Continued Listing Standards Notice from the New York Stock Exchange

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments

Third quarter 2021 earnings released: US$0.016 loss per share (vs US$1.16 loss in 3Q 2020)

ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern

Consensus revenue estimates fall to US$77.8m

ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks

Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%

Second quarter 2021 earnings released: US$0.90 loss per share (vs US$0.37 loss in 2Q 2020)

High number of new directors

ION Geophysical Corporation Provides Revenue Guidance for the Second Quarter of 2021

Consensus forecasts updated

Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: US$0.46 loss per share (vs US$0.16 loss in 1Q 2020)

ION Geophysical Corporation 2021 Q1 - Results - Earnings Call Presentation

Ion Geophysical Corporation Provides Preliminary Revenue Guidance for the First Quarter of 2021

ION Geophysical Corporation has completed a Follow-on Equity Offering in the amount of $10.465004 million.

Independent Director has left the company

Earnings beat expectations, revenue disappoints

Full year 2020 earnings released: US$2.61 loss per share (vs US$3.41 loss in FY 2019)

ION Geophysical Corporation Announces Board Changes

New 90-day high: US$3.44

ION Geophysical Corporation to Report Q4, 2020 Results on Feb 10, 2021

Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

New 90-day high: US$2.79

ION Geophysical Corporation Announces First Proprietary Commercial Deployment of Gemini for Super Major

ION Geophysical +17% on initial Gemini deployment

Ion Geophysical Announces CFO Changes

ION Geophysical Corporation Wins Competitive Tender to Supply Marlin Smartport to 17 of Calmac Ferries' Ports and Ferry Terminals

New 90-day high: US$2.34

Analysts update estimates

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: US$1.16 loss per share

ION Geophysical Corporation to Report Q3, 2020 Results on Nov 04, 2020

New 90-day low: US$1.39

ION Geophysical Corporation Completes Phase 1 of North Sea 3D Multi-Client Program Ahead of Schedule

Price target lowered to US$3.17

ION Geophysical Corporation Commercializes Gemini Extended Frequency Source Technology

New 90-day low - US$1.76

New 90-day low - US$2.13

ION Geophysical Corporation to Report Q2, 2020 Results on Aug 05, 2020

Earnings released

ION Geophysical Corporation(NYSE:IO) dropped from S&P Global BMI Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age