Cyanotech Management

Management criteria checks 3/4

Cyanotech's CEO is Matt Custer, appointed in May 2021, has a tenure of 1.92 years. total yearly compensation is $290.56K, comprised of 67.1% salary and 32.9% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth $1.55K. The average tenure of the management team and the board of directors is 3.8 years and 8 years respectively.

Key information

Matt Custer

Chief executive officer

US$290.6k

Total compensation

CEO salary percentage	67.1%
CEO tenure	3yrs
CEO ownership	0.05%
Management average tenure	3.8yrs
Board average tenure	8yrs

Recent management updates

Recent updates

Cyanotech Corporation (NASDAQ:CYAN) Not Doing Enough For Some Investors As Its Shares Slump 39%

Feb 15

Is Cyanotech (NASDAQ:CYAN) Using Debt Sensibly?

Feb 09

Is Cyanotech (NASDAQ:CYAN) Weighed On By Its Debt Load?

Oct 05

There's Been No Shortage Of Growth Recently For Cyanotech's (NASDAQ:CYAN) Returns On Capital

Sep 30

These 4 Measures Indicate That Cyanotech (NASDAQ:CYAN) Is Using Debt Reasonably Well

Feb 08

Returns On Capital Tell Us A Lot About Cyanotech (NASDAQ:CYAN)

Jan 04

Cyanotech Corporation's (NASDAQ:CYAN) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Nov 30

Cyanotech reports Q2 results

Nov 12

CEO Compensation Analysis

How has Matt Custer's remuneration changed compared to Cyanotech's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$5m
Sep 30 2023	n/a	n/a	-US$4m
Jun 30 2023	n/a	n/a	-US$4m
Mar 31 2023	US$291k	US$195k	-US$3m
Dec 31 2022	n/a	n/a	-US$2m
Sep 30 2022	n/a	n/a	-US$749k
Jun 30 2022	n/a	n/a	US$1m
Mar 31 2022	US$261k	US$180k	US$2m
Dec 31 2021	n/a	n/a	US$2m
Sep 30 2021	n/a	n/a	US$2m
Jun 30 2021	n/a	n/a	US$1m
Mar 31 2021	US$205k	US$168k	US$920k
Dec 31 2020	n/a	n/a	US$1m
Sep 30 2020	n/a	n/a	US$585k
Jun 30 2020	n/a	n/a	US$658k
Mar 31 2020	US$150k	US$142k	US$387k

Compensation vs Market: Matt's total compensation ($USD290.56K) is below average for companies of similar size in the US market ($USD667.63K).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.

CEO

Matt Custer (40 yo)

3yrs

Tenure

US$290,563

Compensation

Mr. Matthew Keith Custer, also known as Matt, has been President of Cyanotech Corporation since May 20, 2021 and has been its CEO and Director since June 16, 2022. He served as Cyanotech’s Vice President a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Custer	President	3yrs	US$290.56k	0.048% $ 1.5k
Gerald Cysewski	Co-Founder	41.3yrs	US$86.22k	2.05% $ 65.9k
Felicia Ladin	CFO & VP of Finance & Administration and Treasurer	3.7yrs	US$160.88k	0.052% $ 1.7k
Glenn Jensen	Vice President of Operations	4.8yrs	US$177.82k	0.58% $ 18.5k
Charles Hartmann	Vice President of Sales & Marketing	3.8yrs	no data	0.049% $ 1.6k
Amy Nordin	VP of Human Resources & Corporate Secretary	4.8yrs	no data	0.071% $ 2.3k
Collette Kakuk	Chief Strategic & Commercial Officer	less than a year	no data	0.034% $ 1.1k

3.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CYAN's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Custer	President	1.9yrs	US$290.56k	0.048% $ 1.5k
David Mulder	Independent Director	8yrs	US$64.00k	1.64% $ 52.7k
Michael Davis	Independent Chairman of the Board	21.2yrs	US$67.50k	19.53% $ 627.6k
Angela McElwee	Independent Director	2.5yrs	US$64.00k	0.77% $ 24.8k
David Vied	Independent Director	9.3yrs	US$64.00k	1.95% $ 62.7k

8.0yrs

Average Tenure

61yo

Average Age

Experienced Board: CYAN's board of directors are considered experienced (8 years average tenure).

Cyanotech Management

Management criteria checks 3/4

Key information

Recent management updates

Cyanotech Corporation Appoints Collette Kakuk as Chief Strategic and Commercial Officer

Cyanotech Corporation, Annual General Meeting, Aug 24, 2023

Cyanotech Corporation, Annual General Meeting, Aug 25, 2022

Cyanotech Corporation Announces Management Changes

Insufficient new directors

Independent Chairman of the Board recently bought US$126k worth of stock

Recent updates

The Nasdaq Stock Market to Delist the Common Stock of Cyanotech

Cyanotech Corporation(NasdaqCM:CYAN) dropped from NASDAQ Composite Index

Cyanotech Corporation(NasdaqCM:CYAN) dropped from NASDAQ Composite Index

New minor risk - Share price stability

Cyanotech Corporation (NASDAQ:CYAN) Not Doing Enough For Some Investors As Its Shares Slump 39%

Cyanotech Receives Notification Letter from The Nasdaq Stock Market LLC Regarding Not Regains Compliance with the Bid Price Rule and Not Eligible for Second 180-Day Period

New major risk - Financial position

Is Cyanotech (NASDAQ:CYAN) Using Debt Sensibly?

Third quarter 2024 earnings released: US$0.16 loss per share (vs US$0.095 loss in 3Q 2023)

Second quarter 2024 earnings released: US$0.13 loss per share (vs US$0.15 loss in 2Q 2023)

Is Cyanotech (NASDAQ:CYAN) Weighed On By Its Debt Load?

First quarter 2024 earnings released: US$0.22 loss per share (vs US$0.076 loss in 1Q 2023)

Cyanotech Receives Notification Letter from Nasdaq Regarding Non-Compliance with Minimum Bid Price Requirement for its Common Stock

Cyanotech Corporation Appoints Collette Kakuk as Chief Strategic and Commercial Officer

Cyanotech Corporation, Annual General Meeting, Aug 24, 2023

New minor risk - Share price stability

Full year 2023 earnings released: US$0.55 loss per share (vs US$0.35 profit in FY 2022)

Cyanotech Receives a Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC Regarding Bid Price Rule

Third quarter 2023 earnings released: US$0.095 loss per share (vs US$0.062 profit in 3Q 2022)

Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.16 profit in 2Q 2022)

Investor sentiment improved over the past week

There's Been No Shortage Of Growth Recently For Cyanotech's (NASDAQ:CYAN) Returns On Capital

Investor sentiment deteriorated over the past week

Here's Why Cyanotech (NASDAQ:CYAN) Can Manage Its Debt Responsibly

First quarter 2023 earnings released: US$0.076 loss per share (vs US$0.085 profit in 1Q 2022)

Cyanotech GAAP EPS of -$0.08, revenue of $6.72M

Cyanotech Corporation, Annual General Meeting, Aug 25, 2022

Cyanotech Corporation Announces Management Changes

Full year 2022 earnings released: EPS: US$0.35 (vs US$0.15 in FY 2021)

Cyanotech (NASDAQ:CYAN) Might Have The Makings Of A Multi-Bagger

Is Cyanotech (NASDAQ:CYAN) A Risky Investment?

Insufficient new directors

The ESG Future Of Food Protein Production: Cyanotech

Cyanotech (NASDAQ:CYAN) Is Doing The Right Things To Multiply Its Share Price

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

We Think Cyanotech (NASDAQ:CYAN) Can Stay On Top Of Its Debt

Independent Chairman of the Board recently bought US$126k worth of stock

Cyanotech (NASDAQ:CYAN) Is Experiencing Growth In Returns On Capital

Second quarter 2022 earnings released: EPS US$0.16 (vs US$0.026 in 2Q 2021)

First quarter 2022 earnings released: EPS US$0.085 (vs US$0.023 in 1Q 2021)

Full year 2021 earnings released: EPS US$0.15 (vs US$0.065 in FY 2020)

Cyanotech (NASDAQ:CYAN) Is Carrying A Fair Bit Of Debt

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: US$4.12

Cyanotech's (NASDAQ:CYAN) Promising Earnings May Rest On Soft Foundations

Third quarter 2021 earnings released: EPS US$0.14 (vs US$0.029 in 3Q 2020)

New 90-day high: US$3.92

These 4 Measures Indicate That Cyanotech (NASDAQ:CYAN) Is Using Debt Reasonably Well

New 90-day high: US$3.40

New 90-day high: US$3.22

Returns On Capital Tell Us A Lot About Cyanotech (NASDAQ:CYAN)

New 90-day high: US$3.17

Cyanotech Corporation's (NASDAQ:CYAN) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Independent Director recently sold US$108k worth of stock

Second quarter 2021 earnings released: EPS US$0.026

Cyanotech reports Q2 results

Market bids up stock over the past week

Market bids up stock over the past week

Cyanotech Corporation Launches Bioastin

New 90-day high - US$2.85

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members