This company has been acquired
iCoreConnect Management
Management criteria checks 1/4
iCoreConnect's CEO is Robert McDermott, appointed in Jul 2013, has a tenure of 10.08 years. total yearly compensation is $1.53M, comprised of 17.6% salary and 82.4% bonuses, including company stock and options. directly owns 11.42% of the company’s shares, worth $5.28M. The average tenure of the management team and the board of directors is 5.9 years and 0.6 years respectively.
Key information
Robert McDermott
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 17.6% |
| CEO tenure | 10.1yrs |
| CEO ownership | 11.4% |
| Management average tenure | 5.9yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | -US$9m |
| Mar 31 2023 | n/a | n/a | -US$8m |
| Dec 31 2022 | US$2m | US$270k | -US$8m |
| Sep 30 2022 | n/a | n/a | -US$6m |
| Jun 30 2022 | n/a | n/a | -US$6m |
| Mar 31 2022 | n/a | n/a | -US$7m |
| Dec 31 2021 | US$756k | US$289k | -US$6m |
| Sep 30 2021 | n/a | n/a | -US$5m |
| Jun 30 2021 | n/a | n/a | -US$4m |
| Mar 31 2021 | n/a | n/a | -US$4m |
| Dec 31 2020 | US$422k | US$269k | -US$3m |
| Sep 30 2020 | n/a | n/a | -US$3m |
| Jun 30 2020 | n/a | n/a | -US$3m |
| Mar 31 2020 | n/a | n/a | -US$3m |
| Dec 31 2019 | US$855k | US$257k | -US$3m |
| Sep 30 2019 | n/a | n/a | -US$3m |
| Jun 30 2019 | n/a | n/a | -US$3m |
| Mar 31 2019 | n/a | n/a | -US$4m |
| Dec 31 2018 | US$1m | US$238k | -US$5m |
| Sep 30 2018 | n/a | n/a | -US$6m |
| Jun 30 2018 | n/a | n/a | -US$6m |
| Mar 31 2018 | n/a | n/a | -US$5m |
| Dec 31 2017 | US$567k | US$113k | -US$4m |
Compensation vs Market: Robert's total compensation ($USD1.53M) is above average for companies of similar size in the US market ($USD755.35K).
Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.
CEO
Robert McDermott (56 yo)
10.1yrs
Tenure
US$1,534,406
Compensation
Mr. Robert P. McDermott has been Chief Executive Officer and President of iCoreConnect Inc. since July 03, 2013. Mr. McDermott serves as Director of iCoreConnect Inc. since July 2013 and has been its Chair...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.1yrs | US$1.53m | 11.42% $ 5.3m | |
| Chief Financial & Accounting Officer | 1.9yrs | US$356.83k | 0.21% $ 96.3k | |
| Chief Operations Officer | 1.7yrs | US$282.23k | 5.34% $ 2.5m | |
| Chief Technology Officer | no data | US$289.96k | 0.55% $ 256.3k | |
| Chief Information Officer | 5.9yrs | US$289.96k | 0.78% $ 361.2k | |
| Vice President of Sales | 10.5yrs | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Chief Innovation Officer | no data | no data | no data | |
| Secretary | no data | no data | no data |
5.9yrs
Average Tenure
54yo
Average Age
Experienced Management: ICCT's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.1yrs | US$1.53m | 11.42% $ 5.3m | |
| Director | less than a year | no data | 0.050% $ 23.0k | |
| Independent Director | less than a year | no data | 0.23% $ 105.4k | |
| Director | less than a year | no data | 0.15% $ 69.6k | |
| Director | less than a year | no data | no data |
0.6yrs
Average Tenure
57yo
Average Age
Experienced Board: ICCT's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.