CorEnergy Infrastructure Trust Management
Management criteria checks 2/4
CorEnergy Infrastructure Trust's CEO is Dave Schulte, appointed in Jan 2005, has a tenure of 19.33 years. total yearly compensation is $1.24M, comprised of 36.3% salary and 63.7% bonuses, including company stock and options. directly owns 5.75% of the company’s shares, worth $14.98K. The average tenure of the management team and the board of directors is 3.3 years and 8.9 years respectively.
Key information
Dave Schulte
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 36.3% |
| CEO tenure | 19.3yrs |
| CEO ownership | 5.7% |
| Management average tenure | 3.3yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$1m | US$450k | -US$283m |
| Sep 30 2023 | n/a | n/a | -US$24m |
| Jun 30 2023 | n/a | n/a | -US$35m |
| Mar 31 2023 | n/a | n/a | -US$30m |
| Dec 31 2022 | US$1m | US$500k | -US$22m |
| Sep 30 2022 | n/a | n/a | -US$17m |
| Jun 30 2022 | n/a | n/a | US$2m |
| Mar 31 2022 | n/a | n/a | US$979k |
| Dec 31 2021 | US$250k | US$250k | -US$15m |
Compensation vs Market: Dave's total compensation ($USD1.24M) is above average for companies of similar size in the US market ($USD661.60K).
Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.
CEO
Dave Schulte (62 yo)
19.3yrs
Tenure
US$1,238,200
Compensation
Mr. David John Schulte, also known as Dave, JD, CFA, has been an Independent Director of Western Midstream Holdings, LLC (formerly Western Gas Equity Holdings, LLC), the General Partner of Western Midstrea...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.3yrs | US$1.24m | 5.75% $ 15.0k | |
| CFO & President | 3.3yrs | US$761.96k | 0.094% $ 245.9 | |
| COO & Director | 3.3yrs | US$611.70k | 0.064% $ 167.7 | |
| Chief Accounting Officer | 2.5yrs | no data | 0.035% $ 90.7 | |
| Executive VP | 2yrs | no data | no data | |
| Senior Vice President | 10.1yrs | no data | no data | |
| Assistant Secretary | no data | no data | no data | |
| Assistant Corporate Secretary and Paralegal | no data | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
3.3yrs
Average Tenure
59.5yo
Average Age
Experienced Management: CORL.Q's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 12.4yrs | US$1.24m | 5.75% $ 15.0k | |
| COO & Director | 3.3yrs | US$611.70k | 0.064% $ 167.7 | |
| Independent Director | 19.3yrs | US$112.00k | 0.22% $ 572.9 | |
| Lead Independent Director | 7yrs | US$112.00k | 0.15% $ 388.4 | |
| Independent Director | 10.8yrs | US$112.00k | 0.17% $ 447.9 | |
| Independent Director | 2yrs | US$100.00k | 0.091% $ 236.7 |
8.9yrs
Average Tenure
62.5yo
Average Age
Experienced Board: CORL.Q's board of directors are considered experienced (8.9 years average tenure).