22nd Century Group Management
Management criteria checks 1/4
22nd Century Group's CEO is Larry Firestone, appointed in Dec 2023, has a tenure of 1.08 years. total yearly compensation is $392.30K, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $1.99K. The average tenure of the management team and the board of directors is 0.8 years and 1.8 years respectively.
Key information
Larry Firestone
Chief executive officer
US$392.3k
Total compensation
| CEO salary percentage | 8.3% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | less than a year |
| Board average tenure | 1.8yrs |
Recent management updates
Recent updates
Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher
Apr 02
Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook
Aug 20With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For
Jun 14Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?
Jan 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$50m |
| Jun 30 2024 | n/a | n/a | -US$51m |
| Mar 31 2024 | n/a | n/a | -US$63m |
| Dec 31 2023 | US$392k | US$33k | -US$65m |
Compensation vs Market: Larry's total compensation ($USD392.30K) is below average for companies of similar size in the US market ($USD654.40K).
Compensation vs Earnings: Insufficient data to compare Larry's compensation with company performance.
CEO
Larry Firestone (66 yo)
less than a year
Tenure
US$392,304
Compensation
Mr. Lawrence D. Firestone, also known as Larry, is Chairman of 22nd Century Group, Inc. since December 1, 2023 and serves as its Chief Executive Officer since December 1, 2023. He serves as President of 22...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$392.30k | 0.12% $ 2.0k | |
| CFO & Principal Accounting Officer | less than a year | no data | 0.00029% $ 4.9 | |
| Vice President of Operations | 1.8yrs | no data | no data | |
| General Counsel & Secretary | less than a year | no data | 0.0018% $ 29.7 | |
| Executive VP of Sales and Marketing | less than a year | no data | no data | |
| Investor Relations | no data | no data | no data | |
| Technical Advisor & Regulatory Affairs Consultant | 17.9yrs | no data | no data |
0.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: XXII's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.1yrs | US$392.30k | 0.12% $ 2.0k | |
| Independent Director | 2.3yrs | US$175.16k | 0.0015% $ 24.8 | |
| Lead Independent Director | 1.4yrs | US$19.10k | 0.013% $ 227.8 | |
| Member of Scientific Advisory Board & Independent Director | 3.3yrs | US$187.66k | 0.0020% $ 34.7 | |
| Corporate President & Member of Scientific Advisory Board | no data | US$969.13k | no data | |
| Chairman of Scientific Advisory Board | no data | US$187.66k | 0% $ 0 |
1.8yrs
Average Tenure
65.5yo
Average Age
Experienced Board: XXII's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:31 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
22nd Century Group, Inc. is covered by 7 analysts. 0 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 |
|---|---|
| Aaron Grey | Alliance Global Partners |
| James McIlree | Bradley Woods & Co. Ltd. |
| James McIlree | Chardan Capital Markets, LLC |