Lake Area Corn Processors Management
Management criteria checks 4/4
Lake Area Corn Processors' CEO is Scott Mundt, appointed in Aug 2007, has a tenure of 16.67 years. total yearly compensation is $525.43K, comprised of 51.6% salary and 48.4% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $547.20K. The average tenure of the management team and the board of directors is 16.7 years and 17.3 years respectively.
Key information
Scott Mundt
Chief executive officer
US$525.4k
Total compensation
| CEO salary percentage | 51.6% |
| CEO tenure | 16.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 16.7yrs |
| Board average tenure | 17.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$525k | US$271k | US$42m |
| Sep 30 2023 | n/a | n/a | US$36m |
| Jun 30 2023 | n/a | n/a | US$27m |
| Mar 31 2023 | n/a | n/a | US$29m |
| Dec 31 2022 | US$453k | US$271k | US$27m |
| Sep 30 2022 | n/a | n/a | US$51m |
| Jun 30 2022 | n/a | n/a | US$53m |
| Mar 31 2022 | n/a | n/a | US$52m |
| Dec 31 2021 | US$460k | US$258k | US$57m |
| Sep 30 2021 | n/a | n/a | US$27m |
| Jun 30 2021 | n/a | n/a | US$24m |
| Mar 31 2021 | n/a | n/a | US$18m |
| Dec 31 2020 | US$299k | US$251k | US$1m |
| Sep 30 2020 | n/a | n/a | -US$2m |
| Jun 30 2020 | n/a | n/a | -US$12m |
| Mar 31 2020 | n/a | n/a | -US$16m |
| Dec 31 2019 | US$267k | US$239k | -US$4m |
| Sep 30 2019 | n/a | n/a | -US$2m |
| Jun 30 2019 | n/a | n/a | US$970k |
| Mar 31 2019 | n/a | n/a | US$3m |
| Dec 31 2018 | US$275k | US$233k | US$3m |
| Sep 30 2018 | n/a | n/a | US$5m |
| Jun 30 2018 | n/a | n/a | US$7m |
| Mar 31 2018 | n/a | n/a | US$7m |
| Dec 31 2017 | US$288k | US$225k | US$6m |
Compensation vs Market: Scott's total compensation ($USD525.43K) is below average for companies of similar size in the US market ($USD1.62M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Mundt (61 yo)
16.7yrs
Tenure
US$525,427
Compensation
Mr. Scott A. Mundt has been Chief Executive Officer of Lake Area Corn Processors, LLC since August 1, 2007 and serves as its President. Mr. Mundt has been the Chief Executive Officer of Dakota Ethanol, LLC...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 25.3yrs | US$15.36k | 1.42% $ 2.6m | |
| President & CEO | 16.7yrs | US$525.43k | 0.30% $ 547.2k | |
| Chief Financial Officer | 16.7yrs | US$234.25k | no data | |
| Secretary & Independent Manager | 17.3yrs | US$11.58k | 0.27% $ 486.4k | |
| Treasurer & Independent Manager | no data | US$11.10k | 0.47% $ 851.2k | |
| Commodity Manager | no data | US$209.18k | 0.037% $ 66.9k |
16.7yrs
Average Tenure
58.5yo
Average Age
Experienced Management: LKCR.U's management team is seasoned and experienced (16.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 25.3yrs | US$15.36k | 1.42% $ 2.6m | |
| Secretary & Independent Manager | 18.3yrs | US$11.58k | 0.27% $ 486.4k | |
| Treasurer & Independent Manager | 14.3yrs | US$11.10k | 0.47% $ 851.2k | |
| Independent Manager | 25.3yrs | US$14.36k | 1.14% $ 2.1m | |
| Independent Vice Chairman | 17.3yrs | US$9.19k | 0.59% $ 1.1m | |
| Independent Manager | 10.3yrs | US$11.44k | 0.096% $ 173.3k | |
| Independent Manager | 10.3yrs | US$9.73k | 0.31% $ 559.4k |
17.3yrs
Average Tenure
64yo
Average Age
Experienced Board: LKCR.U's board of directors are seasoned and experienced ( 17.3 years average tenure).