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Lannett Company Management
Management criteria checks 3/4
Lannett Company's CEO is Tim Crew, appointed in Jan 2018, he has a tenure of 5.42 years. His total yearly compensation is $3.53M , comprised of 21.9% salary and 78.1% bonuses, including company stock and options. He directly owns 1.4% of the company’s shares, worth $4.48K. The average tenure of the management team and the board of directors is 5.4 years and 5.2 years respectively.
Key information
Tim Crew
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 21.9% |
| CEO tenure | 5.4yrs |
| CEO ownership | 1.4% |
| Management average tenure | 5.4yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
Lannett announces 1-for-4 reverse stock split
Jan 25Lannett gains on patent deal for biosimilar insulin device
Nov 07Lannett gets FDA approval to manufacture Numbrino® at Seymour plant
Oct 21Lannett Company, Inc. (NYSE:LCI) Analysts Just Slashed This Year's Estimates
Sep 01
Lannett GAAP EPS of -$2.30, revenue of $74.19M
Aug 24Lannett: A Self-Inflicted Crisis
Feb 22Analysts Just Made A Major Revision To Their Lannett Company, Inc. (NYSE:LCI) Revenue Forecasts
Feb 05A Look At The Fair Value Of Lannett Company, Inc. (NYSE:LCI)
Nov 05Is Lannett Company (NYSE:LCI) A Risky Investment?
Jun 20Lannett down 5.5%, SVC gains 5.7% as S&P 500 makes room for Organon
May 27Is Lannett Company (NYSE:LCI) A Risky Investment?
Mar 18Independent Director David Drabik Just Sold A Bunch Of Shares In Lannett Company, Inc. (NYSE:LCI)
Feb 11
Lannett shares slide on 2021 forecast cut, QF2 topline fall
Feb 04What Type Of Returns Would Lannett Company's(NYSE:LCI) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Jan 15Is Lannett Company (NYSE:LCI) Using Too Much Debt?
Dec 11Lannett pays off remaining $42M in outstanding loans
Nov 30Lannett launches authorized generic of Tirosint
Nov 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | -US$259m |
| Dec 31 2022 | n/a | n/a | -US$193m |
| Sep 30 2022 | n/a | n/a | -US$237m |
| Jun 30 2022 | US$4m | US$773k | -US$232m |
| Mar 31 2022 | n/a | n/a | -US$316m |
| Dec 31 2021 | n/a | n/a | -US$288m |
| Sep 30 2021 | n/a | n/a | -US$379m |
| Jun 30 2021 | US$4m | US$760k | -US$363m |
| Mar 31 2021 | n/a | n/a | -US$195m |
| Dec 31 2020 | n/a | n/a | -US$205m |
| Sep 30 2020 | n/a | n/a | -US$28m |
| Jun 30 2020 | US$5m | US$748k | -US$33m |
| Mar 31 2020 | n/a | n/a | -US$31m |
| Dec 31 2019 | n/a | n/a | -US$4m |
| Sep 30 2019 | n/a | n/a | US$3m |
| Jun 30 2019 | US$2m | US$735k | -US$272m |
| Mar 31 2019 | n/a | n/a | -US$276m |
| Dec 31 2018 | n/a | n/a | -US$274m |
| Sep 30 2018 | n/a | n/a | -US$272m |
| Jun 30 2018 | US$2m | US$351k | US$29m |
Compensation vs Market: Tim's total compensation ($USD3.53M) is above average for companies of similar size in the US market ($USD747.42K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim Crew (62 yo)
5.4yrs
Tenure
US$3,532,372
Compensation
Mr. Timothy C. Crew, also known as Tim, has been Chief Executive Officer and Director of Lannett Company, Inc. since January 2, 2018 and January 17, 2018 respectively. Mr. Crew has more than 25 years of ex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.4yrs | US$3.53m | 1.4% $ 4.5k | |
| VP and Chief Quality | 5.2yrs | US$1.00m | 0.28% $ 880.8 | |
| General Counsel & Chief Legal Officer | 5.9yrs | US$1.22m | 0.36% $ 1.2k | |
| Senior VP & Chief Commercial Operations Officer | 5.1yrs | US$1.29m | 0.33% $ 1.1k | |
| Chief Compliance Officer & VP of Regulatory Affairs | 6.9yrs | no data | no data |
5.4yrs
Average Tenure
61.5yo
Average Age
Experienced Management: LCIN.Q's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.4yrs | US$3.53m | 1.4% $ 4.5k | |
| Non-Executive Independent Chairman | 5.9yrs | US$320.00k | 1.36% $ 4.4k | |
| Independent Director | 12.4yrs | US$314.00k | 0.25% $ 803.0 | |
| Chairman Emeritus | less than a year | US$290.00k | 6.65% $ 21.2k | |
| Independent Director | 4.9yrs | US$290.00k | 0.40% $ 1.3k | |
| Independent Director | 3.9yrs | US$290.00k | 0.22% $ 691.3 |
5.2yrs
Average Tenure
62.5yo
Average Age
Experienced Board: LCIN.Q's board of directors are considered experienced (5.2 years average tenure).