Sotherly Hotels Management
Management criteria checks 3/4
Sotherly Hotels' CEO is Dave Folsom, appointed in Jan 2011, has a tenure of 13.25 years. total yearly compensation is $815.07K, comprised of 66% salary and 34% bonuses, including company stock and options. directly owns 3.21% of the company’s shares, worth $823.77K. The average tenure of the management team and the board of directors is 4.3 years and 12.9 years respectively.
Key information
Dave Folsom
Chief executive officer
US$815.1k
Total compensation
| CEO salary percentage | 66.0% |
| CEO tenure | 13.3yrs |
| CEO ownership | 3.2% |
| Management average tenure | 4.3yrs |
| Board average tenure | 12.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$815k | US$538k | -US$4m |
| Sep 30 2023 | n/a | n/a | US$2m |
| Jun 30 2023 | n/a | n/a | US$6m |
| Mar 31 2023 | n/a | n/a | US$27m |
| Dec 31 2022 | US$732k | US$503k | US$25m |
| Sep 30 2022 | n/a | n/a | US$5m |
| Jun 30 2022 | n/a | n/a | US$146k |
| Mar 31 2022 | n/a | n/a | -US$27m |
| Dec 31 2021 | US$733k | US$480k | -US$33m |
| Sep 30 2021 | n/a | n/a | -US$30m |
| Jun 30 2021 | n/a | n/a | -US$38m |
| Mar 31 2021 | n/a | n/a | -US$53m |
| Dec 31 2020 | US$944k | US$439k | -US$58m |
| Sep 30 2020 | n/a | n/a | -US$47m |
| Jun 30 2020 | n/a | n/a | -US$35m |
| Mar 31 2020 | n/a | n/a | -US$19m |
| Dec 31 2019 | US$607k | US$409k | -US$6m |
| Sep 30 2019 | n/a | n/a | -US$6m |
| Jun 30 2019 | n/a | n/a | -US$9m |
| Mar 31 2019 | n/a | n/a | -US$7m |
| Dec 31 2018 | US$583k | US$399k | -US$6m |
| Sep 30 2018 | n/a | n/a | -US$6m |
| Jun 30 2018 | n/a | n/a | -US$4m |
| Mar 31 2018 | n/a | n/a | -US$5m |
| Dec 31 2017 | US$569k | US$391k | -US$3m |
Compensation vs Market: Dave's total compensation ($USD815.07K) is about average for companies of similar size in the US market ($USD668.06K).
Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.
CEO
Dave Folsom (58 yo)
13.3yrs
Tenure
US$815,069
Compensation
Mr. David R. Folsom, also known as Dave, has been the President of Sotherly Hotels Inc., the General Partner of Sotherly Hotels LP since January 1, 2011 and served as its Chief Operating Officer January 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.3yrs | US$815.07k | 3.21% $ 823.8k | |
| VP, Secretary & CFO | 11.3yrs | US$609.86k | 1.43% $ 365.5k | |
| Executive VP & COO | 4.3yrs | no data | 0.91% $ 232.9k | |
| Accounting Manager | no data | no data | no data | |
| Vice President of Operations & Investor Relations | 4.2yrs | no data | no data | |
| Corporate Counsel & Compliance Officer | 4.2yrs | no data | no data | |
| General Counsel | 4.3yrs | no data | no data | |
| Corporate Controller | 10.3yrs | no data | no data |
4.3yrs
Average Tenure
58yo
Average Age
Experienced Management: SOHO.N's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.9yrs | US$815.07k | 3.21% $ 823.8k | |
| Independent Director | 19.3yrs | US$29.05k | 0.55% $ 140.9k | |
| Independent Director | 9yrs | US$27.55k | 0.27% $ 70.4k | |
| Lead Independent Director | 19.3yrs | US$39.02k | 0.46% $ 117.1k | |
| Chairman | 19.7yrs | US$884.51k | 9.68% $ 2.5m | |
| Independent Director | 7yrs | US$38.98k | 0.37% $ 96.1k | |
| Independent Director | 5yrs | US$32.42k | 0.23% $ 59.4k |
12.9yrs
Average Tenure
61yo
Average Age
Experienced Board: SOHO.N's board of directors are seasoned and experienced ( 12.9 years average tenure).