Shareholders May Be Wary Of Increasing Thryv Holdings, Inc.'s (NASDAQ:THRY) CEO Compensation Package

Key Insights

• Thryv Holdings will host its Annual General Meeting on 13th of June
• Total pay for CEO Joe Walsh includes US$1.06m salary
• Total compensation is similar to the industry average
• Over the past three years, Thryv Holdings' EPS fell by 109% and over the past three years, the total loss to shareholders 32%

Shareholders will probably not be too impressed with the underwhelming results at Thryv Holdings, Inc. (NASDAQ:THRY) recently. At the upcoming AGM on 13th of June, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. The data we present below explains why we think CEO compensation is not consistent with recent performance.

View our latest analysis for Thryv Holdings

How Does Total Compensation For Joe Walsh Compare With Other Companies In The Industry?

At the time of writing, our data shows that Thryv Holdings, Inc. has a market capitalization of US$748m, and reported total annual CEO compensation of US$5.8m for the year to December 2023. That's a notable decrease of 11% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$1.1m.

For comparison, other companies in the American Media industry with market capitalizations ranging between US$400m and US$1.6b had a median total CEO compensation of US$4.7m. From this we gather that Joe Walsh is paid around the median for CEOs in the industry. Furthermore, Joe Walsh directly owns US$43m worth of shares in the company, implying that they are deeply invested in the company's success.

Component	2023	2022	Proportion (2023)
Salary	US$1.1m	US$1.1m	18%
Other	US$4.8m	US$5.5m	82%
Total Compensation	US$5.8m	US$6.6m	100%

Speaking on an industry level, nearly 19% of total compensation represents salary, while the remainder of 81% is other remuneration. Our data reveals that Thryv Holdings allocates salary more or less in line with the wider market. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

Thryv Holdings, Inc.'s Growth

Over the last three years, Thryv Holdings, Inc. has shrunk its earnings per share by 109% per year. It saw its revenue drop 21% over the last year.

Few shareholders would be pleased to read that EPS have declined. And the impression is worse when you consider revenue is down year-on-year. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Thryv Holdings, Inc. Been A Good Investment?

With a total shareholder return of -32% over three years, Thryv Holdings, Inc. shareholders would by and large be disappointed. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

To Conclude...

Not only have shareholders not seen a favorable return on their investment, but the business hasn't performed well either. Few shareholders would be willing to award the CEO with a pay raise. At the upcoming AGM, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. That's why we did some digging and identified 1 warning sign for Thryv Holdings that you should be aware of before investing.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.