Versus Systems Management

Management criteria checks 3/4

Versus Systems' CEO is Matthew Pierce, appointed in Jun 2016, has a tenure of 7.92 years. total yearly compensation is $342.28K, comprised of 65.7% salary and 34.3% bonuses, including company stock and options. directly owns 0.077% of the company’s shares, worth $2.70K. The average tenure of the management team and the board of directors is 7.6 years and 5.4 years respectively.

Key information

Matthew Pierce

Chief executive officer

US$342.3k

Total compensation

CEO salary percentage	65.7%
CEO tenure	7.9yrs
CEO ownership	0.08%
Management average tenure	7.6yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

Versus Systems slides after proposes to raise $2.16M capital via registered direct offering

Jul 14

CEO Compensation Analysis

How has Matthew Pierce's remuneration changed compared to Versus Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$342k	US$225k	-US$11m
Sep 30 2023	n/a	n/a	-US$17m
Jun 30 2023	n/a	n/a	-US$20m
Mar 31 2023	n/a	n/a	-US$21m
Dec 31 2022	US$272k	US$212k	-US$22m
Sep 30 2022	n/a	n/a	-US$9m
Jun 30 2022	n/a	n/a	-US$6m
Mar 31 2022	n/a	n/a	-US$4m
Dec 31 2021	US$424k	US$214k	-US$14m
Sep 30 2021	n/a	n/a	-US$18m
Jun 30 2021	n/a	n/a	-US$19m
Mar 31 2021	n/a	n/a	-US$18m
Dec 31 2020	US$270k	US$198k	-US$7m
Sep 30 2020	n/a	n/a	-US$6m
Jun 30 2020	n/a	n/a	-US$7m
Mar 31 2020	n/a	n/a	-US$5m
Dec 31 2019	US$375k	US$204k	-US$7m
Sep 30 2019	n/a	n/a	-US$3m
Jun 30 2019	n/a	n/a	-US$3m
Mar 31 2019	n/a	n/a	-US$3m
Dec 31 2018	US$200k	US$160k	-US$4m
Sep 30 2018	n/a	n/a	-US$5m
Jun 30 2018	n/a	n/a	-US$4m
Mar 31 2018	n/a	n/a	-US$4m
Dec 31 2017	US$286k	US$174k	-US$3m

Compensation vs Market: Matthew's total compensation ($USD342.28K) is below average for companies of similar size in the US market ($USD663.07K).

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

CEO

Matthew Pierce (45 yo)

7.9yrs

Tenure

US$342,275

Compensation

Mr. Matthew Dalton Pierce has been the Chief Executive Officer and Director of Versus Systems Inc. since June 30, 2016. He is the Founder of Versus Systems Inc. Mr. Pierce served as President of Versus Sys...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Keyvan Peymani	Executive Chairman of the Board	7.9yrs	US$257.95k	0.024% $ 828.7
Matthew Pierce	Founder	7.9yrs	US$342.28k	0.077% $ 2.7k
Craig Finster	President & CFO	7.9yrs	US$355.00k	0.0018% $ 61.7
Jon Peachey	Chief Technology Officer	5.3yrs	US$306.40k	0.0024% $ 83.9
Christian Miranda	Head of Accounts	no data	US$174.08k	no data
John Magee	Vice President of Corporate Development	no data	no data	no data
Laura Webb	Head of Marketing	4.8yrs	no data	no data
John O'Connell	Head of Developer Relations & Advisor	no data	no data	no data
Kelsey Chin	Corporate Secretary	7.6yrs	no data	0.021% $ 729.4
Careen Yapp	Business Development Consultant & Member of Advisory Board	7.8yrs	no data	no data

7.6yrs

Average Tenure

46yo

Average Age

Experienced Management: VS's management team is seasoned and experienced (7.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Keyvan Peymani	Executive Chairman of the Board	7.9yrs	US$257.95k	0.024% $ 828.7
Matthew Pierce	Founder	7.9yrs	US$342.28k	0.077% $ 2.7k
Careen Yapp	Business Development Consultant & Member of Advisory Board	7.8yrs	no data	no data
Michelle Gahagan	Independent Director	7.9yrs	US$119.76k	0.0021% $ 73.0
Aaron Lassila	Member of Advisory Board	4.6yrs	no data	no data
Shannon Pruitt	Independent Director	1.7yrs	US$107.68k	0% $ 0
Avril Millar	Member of Advisory Board	7.2yrs	no data	no data
Juan Barrera	Independent Director	less than a year	no data	no data
Javon Frazier	Member of Advisory Board	5.8yrs	no data	no data
Kurt Spenser	Member of Advisory Board	4.9yrs	no data	no data
Jay Tucker	Member of Advisory Board	4.7yrs	no data	no data
David Spiegel	Member of Advisory Board	3.8yrs	no data	no data

5.4yrs

Average Tenure

54yo

Average Age

Experienced Board: VS's board of directors are considered experienced (5.4 years average tenure).

Versus Systems Management

Management criteria checks 3/4

Key information

Recent management updates

Versus Systems Inc., Annual General Meeting, May 30, 2024

Versus Systems Inc., Annual General Meeting, Dec 29, 2023

Insufficient new directors

Versus Systems Inc., Annual General Meeting, Feb 15, 2023

Versus Systems Inc. Appoints Ms. Shannon Pruitt to Its Board of Directors

Recent updates

Full year 2023 earnings released: US$10.44 loss per share (vs US$210 loss in FY 2022)

Versus Systems Inc., Annual General Meeting, May 30, 2024

Versus Systems Regains Compliance with Nasdaq Minimum Bid Price Requirement

Versus Systems Inc., Annual General Meeting, Dec 29, 2023

Third quarter 2023 earnings released: US$0.15 loss per share (vs US$2.12 loss in 3Q 2022)

New major risk - Share price stability

Insufficient new directors

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$3.18 loss in 2Q 2022)

Versus Systems Receives Additional 180 Calendar Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement

Versus Systems Inc. Launches Sign Up for Real-Money Skill-Based Gaming Beta Test

Versus Systems Launches New Self-Service, Ai-Powered, Rewarded Advertising Platform

First quarter 2023 earnings released: US$0.16 loss per share (vs US$2.03 loss in 1Q 2022)

Full year 2022 earnings released: US$13.11 loss per share (vs US$15.11 loss in FY 2021)

Versus Systems Inc., Annual General Meeting, Feb 15, 2023

Versus Systems Inc. has completed a Composite Units Offering in the amount of $2.1 million.

Versus Systems Regains Compliance with Nasdaq Minimum Bid Price Requirement

Versus Systems Inc. to Launch Click Play Win, an Interactive Advertising Campaign Tool Combining Games and Rewards

Versus Systems Inc. announced that it has received $1.119373 million in funding from Outblaze Limited

Versus Systems Inc. Appoints Ms. Shannon Pruitt to Its Board of Directors

Versus Systems Expands into Corporate Meeting and Events with First Activation for Finastra

Versus Systems Inc. has completed a Follow-on Equity Offering in the amount of $2.155196 million.

Versus Systems slides after proposes to raise $2.16M capital via registered direct offering

Versus Systems Inc. has completed a Composite Units Offering in the amount of $7 million.

Versus Systems Inc. has completed a Composite Units Offering in the amount of $7 million.

Versus Systems Inc. Launches Shopify App to Add Ecommerce and Small Business Rewards

Versus Systems Inc. (NasdaqCM:VS) completed the acquisition of Xcite Interactive, Inc.

Versus Systems Successfully Tests Rewards with Canelo Alvarez, Crush

Versus Systems Inc. (NasdaqCM:VS) entered into a definitive agreement to acquire Xcite Interactive, Inc. for $15.9 million.

Versus Systems to Power Second Screen Engagement in Canelo Alvarez Title Fight on May 8Th

Versus Systems Inc. announced delayed 20-F filing

Versus Systems Inc. Announces Strategic Partnership with Frias Agency

Versus Systems Announces Voluntary Delisting from CSE

Versus Systems Partners With Xcite Interactive to Bring Patented Rewards Platform to Television and Streaming

Versus Systems Inc. has completed a Composite Units Offering in the amount of $9.6 million.

Versus Systems Partners with Sparx Technology for Rewards in Live Television Events

Versus Systems Inc. announced that it has received CAD 2.5 million in funding

Versus Systems Inc. Announces Partnership with BTC Studios S.A

Versus Systems Partners with Predictmedix to Develop Products for Healthcare Applications in the Clinical Trial Market

Versus Systems Inc. announced that it has received CAD 0.690125 million in funding

Versus Systems Inc. Auditor Raises 'Going Concern' Doubt

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age