Midwest Holding Inc.

NasdaqCM:MDWT Stock Report

Market Cap: US$101.1m

Midwest Holding Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Georgette Nicholas

Chief executive officer

US$856.5k

Total compensation

CEO salary percentage37.5%
CEO tenure2.1yrs
CEO ownershipn/a
Management average tenure2.1yrs
Board average tenure2.5yrs

Recent management updates

Recent updates

Midwest Holding Inc.'s (NASDAQ:MDWT) Has Found A Path To Profitability

Feb 11
Midwest Holding Inc.'s (NASDAQ:MDWT) Has Found A Path To Profitability

Is Midwest Holding Inc.'s (NASDAQ:MDWT) Shareholder Ownership Skewed Towards Insiders?

Dec 21
Is Midwest Holding Inc.'s (NASDAQ:MDWT) Shareholder Ownership Skewed Towards Insiders?

CEO Compensation Analysis

How has Georgette Nicholas's remuneration changed compared to Midwest Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$9m

Jun 30 2023n/an/a

-US$2m

Mar 31 2023n/an/a

US$11m

Dec 31 2022US$857kUS$321k

US$7m

Sep 30 2022n/an/a

US$10m

Jun 30 2022n/an/a

-US$591k

Mar 31 2022n/an/a

-US$15m

Dec 31 2021US$619kUS$94k

-US$17m

Compensation vs Market: Georgette's total compensation ($USD856.53K) is about average for companies of similar size in the US market ($USD724.10K).

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


CEO

Georgette Nicholas (58 yo)

2.1yrs

Tenure

US$856,533

Compensation

Ms. Georgette Cecelia Nicholas served as President and Chief Financial Officer at Midwest Holding Inc. since September 08, 2021 until November 2021 and now serves as its Chief Executive Officer since Novem...


Leadership Team

NamePositionTenureCompensationOwnership
Georgette Nicholas
CEO & Director2.1yrsUS$856.53kno data
Michael Minnich
President2.1yrsUS$560.25k11.35%
$ 11.5m
Thomas Bumbolow
Managing Director of Business Developmentno dataUS$757.15kno data
Eoin Elliffe
Chief Risk Officer1.4yrsUS$550.54kno data
Elliot Sperber
Deputy Chief Investment Officer of 1505 Capital LLCno dataUS$798.60k0%
$ 0
Daniel Maloney
Principal Accounting Officer1.4yrsno datano data
Joel Mathis
Senior Vice President of Investor Relations8yrsno datano data
Jeffrey Norris
Vice President of Human Resourcesno datano datano data
Richard Vecchiolla
Head of Structuring -1505 Capital3.9yrsUS$623.00kno data
Todd Boeve
VP & Secretaryno dataUS$149.35kno data

2.1yrs

Average Tenure

53yo

Average Age

Experienced Management: MDWT's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Georgette Nicholas
CEO & Director2.1yrsUS$856.53kno data
Michael Minnich
President4.7yrsUS$560.25k11.35%
$ 11.5m
John Hompe
Independent Non-Executive Chairman8yrsUS$132.50k0.093%
$ 94.5k
Diane Davis
Independent Director2.5yrsUS$69.50k0.091%
$ 91.8k
Yadin Rozov
Independent Director1.5yrsUS$70.50k0.61%
$ 611.6k
Kevin Sheehan
Independent Director1.5yrsUS$62.00k0.10%
$ 101.4k
Firman Leung
Independent Director7yrsUS$74.50k0.091%
$ 91.8k
Nancy Callahan
Independent Director2.5yrsUS$67.00k0.091%
$ 91.8k

2.5yrs

Average Tenure

58yo

Average Age

Experienced Board: MDWT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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