Lancaster Colony Management
Management criteria checks 3/4
Lancaster Colony's CEO is Dave Ciesinski, appointed in Apr 2016, has a tenure of 6.75 years. total yearly compensation is $5.03M, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $11.68M. The average tenure of the management team and the board of directors is 3.3 years and 6.1 years respectively.
Key information
Dave Ciesinski
Chief executive officer
US$5.0m
Total compensation
| CEO salary percentage | 17.7% |
| CEO tenure | 8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.3yrs |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
Returns On Capital At Lancaster Colony (NASDAQ:LANC) Have Stalled
Apr 20
Lancaster Colony Is Fundamentally Sound But A Bit Overpriced
Feb 23Market Participants Recognise Lancaster Colony Corporation's (NASDAQ:LANC) Earnings
Feb 01Be Wary Of Lancaster Colony (NASDAQ:LANC) And Its Returns On Capital
Jan 10An Intrinsic Calculation For Lancaster Colony Corporation (NASDAQ:LANC) Suggests It's 36% Undervalued
Dec 20Lancaster Colony (NASDAQ:LANC) Will Pay A Larger Dividend Than Last Year At $0.90
Nov 12Be Wary Of Lancaster Colony (NASDAQ:LANC) And Its Returns On Capital
Oct 04Some Investors May Be Worried About Lancaster Colony's (NASDAQ:LANC) Returns On Capital
Jun 24Some Investors May Be Worried About Lancaster Colony's (NASDAQ:LANC) Returns On Capital
Mar 19Lancaster Colony (NASDAQ:LANC) Is Increasing Its Dividend To $0.85
Feb 26Here's What's Concerning About Lancaster Colony's (NASDAQ:LANC) Returns On Capital
Dec 08Lancaster Colony (NASDAQ:LANC) Is Increasing Its Dividend To $0.85
Nov 17Lancaster Colony: Upside Is Limited From Here
Oct 18Lancaster Colony Non-GAAP EPS of $1.35 beats by $0.55, revenue of $452.41M beats by $36.88M
Aug 25Returns On Capital Signal Tricky Times Ahead For Lancaster Colony (NASDAQ:LANC)
Aug 24Lancaster Colony declares $0.80 dividend
Aug 17Lancaster Colony: A Colony Of Market Leading Businesses
Aug 01Lancaster Colony Remains Dead Money
Jul 06Are Lancaster Colony Corporation (NASDAQ:LANC) Investors Paying Above The Intrinsic Value?
Jun 06Lancaster Colony (NASDAQ:LANC) Is Reinvesting At Lower Rates Of Return
May 20Continue To Avoid Lancaster Colony
May 03Lancaster Colony Is Still Expensive
Feb 28Lancaster Colony's (NASDAQ:LANC) Upcoming Dividend Will Be Larger Than Last Year's
Feb 27Lancaster Colony (NASDAQ:LANC) Could Be Struggling To Allocate Capital
Feb 12Lancaster Colony: An Excellent Company With A Hefty Price Tag
Nov 22Lancaster Colony Corporation's (NASDAQ:LANC) CEO Will Probably Find It Hard To See A Huge Raise This Year
Nov 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$129m |
| Sep 30 2023 | n/a | n/a | US$117m |
| Jun 30 2023 | US$5m | US$890k | US$111m |
| Mar 31 2023 | n/a | n/a | US$131m |
| Dec 31 2022 | n/a | n/a | US$102m |
| Sep 30 2022 | n/a | n/a | US$96m |
| Jun 30 2022 | US$4m | US$845k | US$89m |
| Mar 31 2022 | n/a | n/a | US$92m |
| Dec 31 2021 | n/a | n/a | US$125m |
| Sep 30 2021 | n/a | n/a | US$136m |
| Jun 30 2021 | US$4m | US$820k | US$142m |
| Mar 31 2021 | n/a | n/a | US$141m |
| Dec 31 2020 | n/a | n/a | US$134m |
| Sep 30 2020 | n/a | n/a | US$133m |
| Jun 30 2020 | US$4m | US$800k | US$137m |
| Mar 31 2020 | n/a | n/a | US$139m |
| Dec 31 2019 | n/a | n/a | US$148m |
| Sep 30 2019 | n/a | n/a | US$152m |
| Jun 30 2019 | US$4m | US$775k | US$150m |
| Mar 31 2019 | n/a | n/a | US$150m |
| Dec 31 2018 | n/a | n/a | US$147m |
| Sep 30 2018 | n/a | n/a | US$145m |
| Jun 30 2018 | US$3m | US$750k | US$135m |
| Mar 31 2018 | n/a | n/a | US$131m |
| Dec 31 2017 | n/a | n/a | US$118m |
| Sep 30 2017 | n/a | n/a | US$111m |
| Jun 30 2017 | US$2m | US$615k | US$115m |
Compensation vs Market: Dave's total compensation ($USD5.03M) is below average for companies of similar size in the US market ($USD8.42M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
CEO
Dave Ciesinski (57 yo)
8yrs
Tenure
US$5,029,587
Compensation
Mr. David A. Ciesinski, also known as Dave, serves as Independent Director at Essential Utilities, Inc. since July 2, 2021. Mr. Ciesinski has been Chief Executive Officer of Lancaster Colony Corporation si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8yrs | US$5.03m | 0.23% $ 11.7m | |
| VP, Assistant Secretary & CFO | 5yrs | US$1.87m | 0.045% $ 2.3m | |
| Executive Director | less than a year | US$315.79k | 24.04% $ 1.2b | |
| President of Retail Division at T. Marzetti Company | 5.5yrs | US$1.29m | 0.019% $ 994.1k | |
| President of Foodservice Division of T. Marzetti Company | 4.6yrs | US$1.31m | 0.012% $ 630.0k | |
| Chief Supply Chain Officer of T. Marzetti Company | less than a year | US$1.16m | 0.0094% $ 485.5k | |
| Vice President of Corporate Finance | 1.3yrs | no data | no data | |
| General Counsel | no data | no data | no data | |
| VP & Corporate Controller | 1.9yrs | no data | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Management: LANC's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.8yrs | US$5.03m | 0.23% $ 11.7m | |
| Executive Director | 39.3yrs | US$315.79k | 24.04% $ 1.2b | |
| Independent Chairman | 15.9yrs | US$234.36k | 0.086% $ 4.4m | |
| Independent Director | 33.3yrs | US$216.86k | 1.26% $ 65.0m | |
| Independent Director | 4.4yrs | US$214.98k | 0.011% $ 572.9k | |
| Independent Director | 5.4yrs | US$206.86k | 0.013% $ 671.1k | |
| Independent Director | less than a year | no data | 0.0025% $ 130.1k | |
| Independent Director | 9.4yrs | US$229.98k | 0.026% $ 1.3m | |
| Independent Director | 1.3yrs | US$18.75k | 0.0025% $ 130.1k | |
| Independent Director | 3.2yrs | US$214.98k | 0.0083% $ 429.4k |
6.1yrs
Average Tenure
63yo
Average Age
Experienced Board: LANC's board of directors are considered experienced (6.1 years average tenure).