This company has been acquired
Sovos Brands Management
Management criteria checks 4/4
Sovos Brands' CEO is Todd Lachman, appointed in Jan 2017, has a tenure of 7.17 years. total yearly compensation is $5.77M, comprised of 13.9% salary and 86.1% bonuses, including company stock and options. directly owns 1.69% of the company’s shares, worth $39.61M. The average tenure of the management team and the board of directors is 2.3 years and 4.8 years respectively.
Key information
Todd Lachman
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 13.9% |
| CEO tenure | 7.2yrs |
| CEO ownership | 1.7% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
What Sovos Brands, Inc.'s (NASDAQ:SOVO) 27% Share Price Gain Is Not Telling You
Sep 01
Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 36% Below Their Intrinsic Value Estimate
Jun 26Returns At Sovos Brands (NASDAQ:SOVO) Are On The Way Up
May 08Calculating The Fair Value Of Sovos Brands, Inc. (NASDAQ:SOVO)
Feb 08Sovos Brands, Inc.'s (NASDAQ:SOVO) Intrinsic Value Is Potentially 77% Above Its Share Price
Oct 25Sovos Brands: Strong Growth Continues
Oct 04Sovos Brands 8.5M share secondary priced at $14.00
Aug 11Sovos Brands Non-GAAP EPS of $0.13 beats by $0.04, revenue of $197.4M beats by $16.44M
Aug 03Sovos Brands - Premium Packaged Foods To Fight Inflation
May 06Sovos Brands Will Continue To Execute For Shareholders
Apr 05We Think You Can Look Beyond Sovos Brands' (NASDAQ:SOVO) Lackluster Earnings
Mar 22Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 37% Below Their Intrinsic Value Estimate
Dec 23Sovos Brands Stock: An Attractive Prospect For Growth Investors
Dec 16Sovos Brands: Interesting Consumer Foods Play
Oct 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 30 2023 | n/a | n/a | US$30m |
| Sep 30 2023 | n/a | n/a | -US$14m |
| Jul 01 2023 | n/a | n/a | -US$14m |
| Apr 01 2023 | n/a | n/a | -US$50m |
| Dec 31 2022 | US$6m | US$800k | -US$53m |
| Sep 24 2022 | n/a | n/a | -US$29m |
| Jun 25 2022 | n/a | n/a | -US$35m |
| Mar 26 2022 | n/a | n/a | -US$6m |
| Dec 25 2021 | US$14m | US$725k | US$2m |
| Sep 25 2021 | n/a | n/a | US$5m |
| Jun 26 2021 | n/a | n/a | US$12m |
| Mar 27 2021 | n/a | n/a | US$18m |
| Dec 26 2020 | US$3m | US$700k | US$11m |
Compensation vs Market: Todd's total compensation ($USD5.77M) is about average for companies of similar size in the US market ($USD4.95M).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
CEO
Todd Lachman (60 yo)
7.2yrs
Tenure
US$5,767,902
Compensation
Mr. Todd R. Lachman is Founder of Sovos Brands, Inc. and served as its President Also serves as it's Chief Executive Officer and Director since January 2017. He served as a Senior Advisor of Advent Interna...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.2yrs | US$5.77m | 1.69% $ 39.6m | |
| President | less than a year | US$4.62m | 0.048% $ 1.1m | |
| Chief Operating Officer | 2.2yrs | US$2.55m | 0.25% $ 5.8m | |
| Chief Financial Officer | 4.3yrs | US$2.96m | 0.12% $ 2.7m | |
| Chief Administrative Officer | 2.7yrs | no data | 0.14% $ 3.2m | |
| Vice President of Investor Relations | 1.9yrs | no data | no data | |
| Chief Legal Officer | 4.1yrs | no data | 0.083% $ 1.9m | |
| Chief Sales Officer | 1.1yrs | no data | 0.20% $ 4.6m | |
| Chief Human Resources Officer | 2.7yrs | no data | 0.018% $ 428.6k | |
| Senior Vice President of Logistics & Customer Service | 2.3yrs | no data | no data | |
| Senior Vice President of Mergers | 1.8yrs | no data | no data | |
| Senior Vice President of IT | 2.2yrs | no data | no data |
2.3yrs
Average Tenure
48yo
Average Age
Experienced Management: SOVO's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.2yrs | US$5.77m | 1.69% $ 39.6m | |
| Independent Chairman of the Board | 7.2yrs | US$225.00k | 1.34% $ 31.5m | |
| Independent Director | 7.2yrs | no data | no data | |
| Independent Director | 2.5yrs | US$225.00k | 0.021% $ 497.4k | |
| Independent Director | 7.2yrs | no data | no data | |
| Independent Director | 2.5yrs | US$200.00k | 0.021% $ 497.4k | |
| Independent Director | 1.7yrs | US$146.47k | 0.013% $ 311.1k | |
| Independent Director | 2.5yrs | no data | no data |
4.8yrs
Average Tenure
52yo
Average Age
Experienced Board: SOVO's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/11 16:58 |
| End of Day Share Price | 2024/03/11 00:00 |
| Earnings | 2023/12/30 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sovos Brands, Inc. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Lazar | Barclays |
| Peter Galbo | BofA Global Research |
| Robert Moskow | Credit Suisse |