Forge Resources Management
Management criteria checks 3/4
Forge Resources' CEO is Cole McClay, appointed in Feb 2021, has a tenure of 3.75 years. total yearly compensation is CA$84.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $101.66K. The average tenure of the management team and the board of directors is 1.8 years and 4.3 years respectively.
Key information
Cole McClay
Chief executive officer
CA$84.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.8yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| May 31 2024 | n/a | n/a | -CA$3m |
| Feb 29 2024 | n/a | n/a | -CA$2m |
| Nov 30 2023 | n/a | n/a | -CA$9m |
| Aug 31 2023 | CA$84k | CA$84k | -CA$8m |
| May 31 2023 | n/a | n/a | -CA$9m |
| Feb 28 2023 | n/a | n/a | -CA$9m |
| Nov 30 2022 | n/a | n/a | -CA$2m |
| Aug 31 2022 | CA$84k | CA$84k | -CA$2m |
| May 31 2022 | n/a | n/a | -CA$2m |
| Feb 28 2022 | n/a | n/a | -CA$2m |
| Nov 30 2021 | n/a | n/a | -CA$3m |
| Aug 31 2021 | CA$42k | CA$42k | -CA$2m |
Compensation vs Market: Cole's total compensation ($USD59.99K) is below average for companies of similar size in the US market ($USD642.87K).
Compensation vs Earnings: Cole's compensation has been consistent with company performance over the past year.
CEO
Cole McClay
3.8yrs
Tenure
CA$84,000
Compensation
Mr. Cole Anthony McClay has been an Independent Director at Tarachi Gold Corp. since March 18, 2021. He has senior management experience including in the development of corporate strategy, operations and m...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.8yrs | CA$84.00k | 0.32% $ 101.7k | |
| President | 1.7yrs | CA$36.00k | no data | |
| Chief Financial Officer | 1.8yrs | CA$48.50k | 0.12% $ 39.0k | |
| Senior Project Geologist & Director | no data | no data | 0.036% $ 11.4k |
1.8yrs
Average Tenure
Experienced Management: FRGG.F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.8yrs | CA$84.00k | 0.32% $ 101.7k | |
| Senior Project Geologist & Director | 4.3yrs | no data | 0.036% $ 11.4k | |
| Independent Director | 4.3yrs | no data | 0.59% $ 186.6k | |
| Independent Director | 4.3yrs | no data | no data | |
| Chairman of the Board | less than a year | no data | no data |
4.3yrs
Average Tenure
Experienced Board: FRGG.F's board of directors are considered experienced (4.3 years average tenure).