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 less than a year. 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 $5.29K. 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 1322nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado
Oct 03CEO 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 ($USD652.28K).
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% $ 5.3k | |
| CFO & Principal Accounting Officer | less than a year | no data | 0.00028% $ 12.7 | |
| Vice President of Operations | 1.8yrs | no data | no data | |
| General Counsel & Secretary | less than a year | no data | 0.0018% $ 79.1 | |
| 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 | 17.8yrs | 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 | less than a year | US$392.30k | 0.12% $ 5.3k | |
| Independent Director | 2.2yrs | US$175.16k | 0.0014% $ 63.3 | |
| Lead Independent Director | 1.3yrs | US$19.10k | 0.013% $ 609.4 | |
| Member of Scientific Advisory Board & Independent Director | 3.3yrs | US$187.66k | 0.0020% $ 89.5 | |
| 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.