Carlsmed Management
Management criteria checks 3/4
Carlsmed's CEO is Mike Cordonnier, appointed in Jun 2018, has a tenure of 7.33 years. total yearly compensation is $520.03K, comprised of 69.6% salary and 30.4% bonuses, including company stock and options. directly owns 4.66% of the company’s shares, worth $16.07M. The average tenure of the management team and the board of directors is 2.2 years and 4.8 years respectively.
Key information
Mike Cordonnier
Chief executive officer
US$520.0k
Total compensation
| CEO salary percentage | 69.60% |
| CEO tenure | 7.3yrs |
| CEO ownership | 4.7% |
| Management average tenure | 2.2yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | -US$26m |
| Mar 31 2025 | n/a | n/a | -US$26m |
| Dec 31 2024 | US$520k | US$362k | -US$25m |
Compensation vs Market: Mike's total compensation ($USD520.03K) is below average for companies of similar size in the US market ($USD2.32M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
CEO
Mike Cordonnier (49 yo)
Mr. Michael John Cordonnier, also known as Mike, is Co-Founder, Chief Executive Officer, President and Chairman at Carlsmed, Inc. since June 2018 and served as its Treasurer from November 2022 to August 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 7.3yrs | US$520.03k | 4.66% $ 16.1m | |
| CFO & Treasurer | 2.2yrs | US$488.39k | 0.54% $ 1.9m | |
| Chief Commercial Officer | less than a year | US$599.62k | no data | |
| Co-Founder | 7.3yrs | no data | 3.53% $ 12.2m | |
| Chief Technology Officer | no data | no data | no data | |
| Chief Legal Officer & Secretary | less than a year | no data | no data | |
| Senior Vice President of People & Culture | no data | no data | no data | |
| Chief Clinical & Market Access Officer | no data | no data | no data | |
| Senior Vice President of Operational Excellence | no data | no data | no data |
Experienced Management: CARL's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 7.3yrs | US$520.03k | 4.66% $ 16.1m | |
| Co-Founder | 7.3yrs | no data | 3.53% $ 12.2m | |
| Independent Director | 4.8yrs | no data | 1.76% $ 6.1m | |
| Independent Director | 4.8yrs | no data | 0.33% $ 1.2m | |
| Independent Director | 1.1yrs | US$296.09k | no data | |
| Independent Director | 4.8yrs | US$99.55k | 0.16% $ 547.8k | |
| Independent Director | 3.5yrs | no data | no data |
Experienced Board: CARL'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 | 2025/10/06 09:09 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| 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
Carlsmed, Inc. is covered by 6 analysts. 5 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 |
|---|---|
| Travis Steed | BofA Global Research |
| Travis Steed | BofA Global Research |
| Michael Gorman | BTIG |