USD Partners Management
Management criteria checks 3/4
USD Partners' CEO is Dan Borgen, appointed in Jun 2014, has a tenure of 9.83 years. total yearly compensation is $1.24M, comprised of 53.7% salary and 46.3% bonuses, including company stock and options. directly owns 1.5% of the company’s shares, worth $67.16K. The average tenure of the management team and the board of directors is 6.4 years and 9.3 years respectively.
Key information
Dan Borgen
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 53.7% |
| CEO tenure | 9.8yrs |
| CEO ownership | 1.5% |
| Management average tenure | 6.4yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
USD Partners declares $0.1235 dividend
Jan 27USD Partners: Distributions Could Be Suspended In The Coming Months
Nov 14USD Partners declares $0.1235 dividend
Oct 25USD Partners: 10.4% Dividend Yield, Weak Results, 6.6x P/E
Sep 08USD Partners goes ex dividend tomorrow
Aug 01USD Partners: IDRs Gone Forever, Short-Term Pain But Long-Term Gain
May 16USD Partners: Grab 3 More Distribution Hikes For 2022 For A No-Stress Near 9% Yield
Mar 06USD Partners: 7% Dividend With Upside Potential
Nov 01USD Partners: Full Price Recovery Coming, Catalyst In Sight
Aug 16USD Partners reports Q1 results
May 05USD Partners: Small And Overlooked With A Very High Yield
Dec 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$594k |
| Jun 30 2023 | n/a | n/a | -US$66m |
| Mar 31 2023 | n/a | n/a | -US$65m |
| Dec 31 2022 | US$1m | US$666k | -US$60m |
| Sep 30 2022 | n/a | n/a | -US$54m |
| Jun 30 2022 | n/a | n/a | US$20m |
| Mar 31 2022 | n/a | n/a | US$23m |
| Dec 31 2021 | US$1m | US$518k | US$21m |
| Sep 30 2021 | n/a | n/a | US$25m |
| Jun 30 2021 | n/a | n/a | US$26m |
| Mar 31 2021 | n/a | n/a | US$21m |
| Dec 31 2020 | US$2m | US$518k | -US$19m |
| Sep 30 2020 | n/a | n/a | -US$25m |
| Jun 30 2020 | n/a | n/a | -US$29m |
| Mar 31 2020 | n/a | n/a | -US$29m |
| Dec 31 2019 | US$2m | US$444k | US$5m |
| Sep 30 2019 | n/a | n/a | US$5m |
| Jun 30 2019 | n/a | n/a | US$9m |
| Mar 31 2019 | n/a | n/a | US$15m |
| Dec 31 2018 | US$2m | US$381k | US$20m |
| Sep 30 2018 | n/a | n/a | US$21m |
| Jun 30 2018 | n/a | n/a | US$20m |
| Mar 31 2018 | n/a | n/a | US$22m |
| Dec 31 2017 | US$2m | US$353k | US$21m |
Compensation vs Market: Dan's total compensation ($USD1.24M) is above average for companies of similar size in the US market ($USD668.06K).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Borgen (62 yo)
9.8yrs
Tenure
US$1,240,566
Compensation
Mr. Daniel K. Borgen, also known as Dan, serves as the Chairman of USD Partners GP LLC- General Partner of USD Partners LP. Mr. Borgen has been the Chief Executive Officer and President of USD Partners GP...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.8yrs | US$1.24m | 1.5% $ 67.2k | |
| Executive VP & COO of USD Partners GP LLC | 7.3yrs | US$601.15k | 0.45% $ 20.3k | |
| Senior VP & Chief Financial Officer | less than a year | no data | no data | |
| Senior VP & Chief Accounting Officer & Controller | less than a year | no data | no data | |
| Senior Director of Financial Reporting & Investor Relations | 5.6yrs | no data | no data | |
| General Counsel of USD Partners GP LLC | 9.1yrs | US$579.37k | 0.24% $ 10.7k |
6.4yrs
Average Tenure
50yo
Average Age
Experienced Management: USDP's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.5yrs | US$1.24m | 1.5% $ 67.2k | |
| Director of USD Partners GP LLC | 9.5yrs | no data | 0.15% $ 6.6k | |
| Director | less than a year | US$589.55k | 0.38% $ 17.2k | |
| Independent Director of USD Partners GP LLC | 9.5yrs | US$143.51k | no data | |
| Director of USD Partners GP LLC | 7.6yrs | no data | no data | |
| Independent Director of USD Partners GP LLC | 9.3yrs | US$143.51k | 0.16% $ 7.2k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director of USD Partners GP LLC | 8.5yrs | US$143.51k | 0.42% $ 18.9k | |
| Director of USD Partners GP LLC | 4yrs | no data | no data | |
| Director of USD Partners GP LLC | 9.8yrs | no data | 0.45% $ 20.1k | |
| Advisor to the CEO & Director of USD Partners GP LLC | 9.5yrs | no data | 0.23% $ 10.5k |
9.3yrs
Average Tenure
56yo
Average Age
Experienced Board: USDP's board of directors are considered experienced (9.3 years average tenure).