MariMed Management
Management criteria checks 4/4
MariMed's CEO is Jon Levine, appointed in Jan 2016, has a tenure of 8.83 years. total yearly compensation is $602.55K, comprised of 61.4% salary and 38.6% bonuses, including company stock and options. directly owns 7.14% of the company’s shares, worth $4.09M. The average tenure of the management team and the board of directors is 3.4 years and 5.4 years respectively.
Key information
Jon Levine
Chief executive officer
US$602.6k
Total compensation
| CEO salary percentage | 61.4% |
| CEO tenure | 8.8yrs |
| CEO ownership | 7.1% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$14m |
| Jun 30 2024 | n/a | n/a | -US$17m |
| Mar 31 2024 | n/a | n/a | -US$17m |
| Dec 31 2023 | US$603k | US$370k | -US$16m |
| Sep 30 2023 | n/a | n/a | -US$1m |
| Jun 30 2023 | n/a | n/a | US$6m |
| Mar 31 2023 | n/a | n/a | US$9m |
| Dec 31 2022 | US$923k | US$325k | US$13m |
| Sep 30 2022 | n/a | n/a | US$2m |
| Jun 30 2022 | n/a | n/a | US$2m |
| Mar 31 2022 | n/a | n/a | US$7m |
| Dec 31 2021 | US$7m | US$238k | US$7m |
| Sep 30 2021 | n/a | n/a | US$18m |
| Jun 30 2021 | n/a | n/a | US$17m |
| Mar 31 2021 | n/a | n/a | US$9m |
| Dec 31 2020 | US$37k | US$37k | US$2m |
| Sep 30 2020 | n/a | n/a | -US$80m |
| Jun 30 2020 | n/a | n/a | -US$89m |
| Mar 31 2020 | n/a | n/a | -US$84m |
| Dec 31 2019 | US$150k | US$150k | -US$81m |
| Sep 30 2019 | n/a | n/a | -US$10m |
| Jun 30 2019 | n/a | n/a | -US$7m |
| Mar 31 2019 | n/a | n/a | -US$12m |
| Dec 31 2018 | US$150k | US$150k | -US$14m |
| Sep 30 2018 | n/a | n/a | -US$7m |
| Jun 30 2018 | n/a | n/a | -US$4m |
| Mar 31 2018 | n/a | n/a | -US$3m |
| Dec 31 2017 | US$114k | n/a | -US$1m |
Compensation vs Market: Jon's total compensation ($USD602.55K) is about average for companies of similar size in the US market ($USD647.72K).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
CEO
Jon Levine (59 yo)
8.8yrs
Tenure
US$602,554
Compensation
Mr. Jon R. Levine served as Interim Chief Financial Officer since October 31, 2023 at MariMed Inc. until August 9, 2024 and he serves as Chief Executive Officer of MariMed Inc. since February 28, 2023. He...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 8.8yrs | US$602.55k | 7.14% $ 4.1m | |
| Chief Operating Officer | 3.3yrs | US$573.08k | 2.81% $ 1.6m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Information Officer | 5.3yrs | no data | no data | |
| Vice President of Investor Relations | 3.2yrs | no data | no data | |
| Chief Communications Officer | 3.4yrs | no data | no data | |
| Vice President of Marketing | no data | no data | no data | |
| Chief Revenue Officer | no data | no data | no data | |
| Chief Strategy Officer | 6yrs | no data | no data |
3.4yrs
Average Tenure
52.5yo
Average Age
Experienced Management: MRMD's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 8.8yrs | US$602.55k | 7.14% $ 4.1m | |
| Independent Chairman | 10.8yrs | US$74.13k | 0.089% $ 50.7k | |
| Independent Director | 5.4yrs | US$97.25k | 0.028% $ 16.3k | |
| Independent Director | 5.2yrs | US$70.38k | 0.028% $ 16.3k | |
| Independent Director | 1.6yrs | US$89.13k | 0.072% $ 41.3k |
5.4yrs
Average Tenure
64yo
Average Age
Experienced Board: MRMD's board of directors are considered experienced (5.4 years average tenure).