Friedman Industries Management
Management criteria checks 2/4
Friedman Industries' CEO is Mike Taylor, appointed in Feb 2019, has a tenure of 5.75 years. total yearly compensation is $1.61M, comprised of 24.2% salary and 75.8% bonuses, including company stock and options. directly owns 2.33% of the company’s shares, worth $2.20M. The average tenure of the management team and the board of directors is 5.8 years and 7.9 years respectively.
Key information
Mike Taylor
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 24.2% |
| CEO tenure | 5.8yrs |
| CEO ownership | 2.3% |
| Management average tenure | 5.8yrs |
| Board average tenure | 7.9yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$8m |
| Jun 30 2024 | n/a | n/a | US$12m |
| Mar 31 2024 | US$2m | US$390k | US$17m |
| Dec 31 2023 | n/a | n/a | US$18m |
| Sep 30 2023 | n/a | n/a | US$19m |
| Jun 30 2023 | n/a | n/a | US$18m |
| Mar 31 2023 | US$1m | US$280k | US$21m |
| Dec 31 2022 | n/a | n/a | US$8m |
| Sep 30 2022 | n/a | n/a | US$4m |
| Jun 30 2022 | n/a | n/a | US$14m |
| Mar 31 2022 | US$1m | US$280k | US$14m |
| Dec 31 2021 | n/a | n/a | US$30m |
| Sep 30 2021 | n/a | n/a | US$35m |
| Jun 30 2021 | n/a | n/a | US$23m |
| Mar 31 2021 | US$380k | US$280k | US$11m |
| Dec 31 2020 | n/a | n/a | -US$2m |
| Sep 30 2020 | n/a | n/a | -US$5m |
| Jun 30 2020 | n/a | n/a | -US$6m |
| Mar 31 2020 | US$511k | US$280k | -US$5m |
| Dec 31 2019 | n/a | n/a | -US$3m |
| Sep 30 2019 | n/a | n/a | -US$2m |
| Jun 30 2019 | n/a | n/a | US$2m |
| Mar 31 2019 | US$272k | US$32k | US$5m |
| Dec 31 2018 | n/a | n/a | US$9m |
| Sep 30 2018 | n/a | n/a | US$9m |
| Jun 30 2018 | n/a | n/a | US$7m |
| Mar 31 2018 | US$31k | n/a | US$4m |
Compensation vs Market: Mike's total compensation ($USD1.61M) is above average for companies of similar size in the US market ($USD652.28K).
Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Mike Taylor (65 yo)
5.8yrs
Tenure
US$1,614,524
Compensation
Mr. Michael J. Taylor, also known as Mike, has been Chairman of the Board at Friedman Industries, Incorporated since June 2, 2017 and as its Director since December 02, 2016. Mr. Taylor serves as President...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 5.8yrs | US$1.61m | 2.33% $ 2.2m | |
| CFO, Secretary & Treasurer | 11.3yrs | US$693.58k | 0.32% $ 306.6k | |
| Vice President of Flat Roll Operations & Operations | 1.8yrs | no data | no data | |
| Vice President of Sales and Purchasing | 8.8yrs | no data | no data | |
| Director of Human Resources | less than a year | no data | no data |
5.8yrs
Average Tenure
Experienced Management: FRD's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 7.9yrs | US$1.61m | 2.33% $ 2.2m | |
| Independent Director | 24.8yrs | US$46.00k | 0.45% $ 428.1k | |
| Independent Director | 17.9yrs | US$46.00k | 0.38% $ 359.4k | |
| Independent Director | 2.4yrs | US$56.50k | 0.097% $ 91.4k | |
| Independent Director | 16.7yrs | US$55.00k | 0.44% $ 417.1k | |
| Independent Director | 2.4yrs | US$46.00k | 0.097% $ 91.4k | |
| Independent Director | 5.2yrs | US$55.00k | 0.38% $ 359.4k |
7.9yrs
Average Tenure
65yo
Average Age
Experienced Board: FRD's board of directors are considered experienced (7.9 years average tenure).