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CMC Materials Management

Management criteria checks 4/4

Key information

David Li

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	13.0%
CEO tenure	7.5yrs
CEO ownership	0.2%
Management average tenure	3.7yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Li's remuneration changed compared to CMC Materials's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2022	n/a	n/a	US$112m
Dec 31 2021	n/a	n/a	-US$73m
Sep 30 2021	US$6m	US$726k	-US$69m
Jun 30 2021	n/a	n/a	-US$48m
Mar 31 2021	n/a	n/a	-US$47m
Dec 31 2020	n/a	n/a	US$136m
Sep 30 2020	US$5m	US$700k	US$143m
Jun 30 2020	n/a	n/a	US$86m
Mar 31 2020	n/a	n/a	US$70m
Dec 31 2019	n/a	n/a	US$64m
Sep 30 2019	US$5m	US$688k	US$39m
Jun 30 2019	n/a	n/a	US$108m
Mar 31 2019	n/a	n/a	US$124m
Dec 31 2018	n/a	n/a	US$126m
Sep 30 2018	US$5m	US$645k	US$110m
Jun 30 2018	n/a	n/a	US$88m
Mar 31 2018	n/a	n/a	US$73m
Dec 31 2017	n/a	n/a	US$61m
Sep 30 2017	US$5m	US$623k	US$87m
Jun 30 2017	n/a	n/a	US$81m
Mar 31 2017	n/a	n/a	US$80m
Dec 31 2016	n/a	n/a	US$70m
Sep 30 2016	US$3m	US$588k	US$59m
Jun 30 2016	n/a	n/a	US$51m
Mar 31 2016	n/a	n/a	US$43m
Dec 31 2015	n/a	n/a	US$47m
Sep 30 2015	US$3m	US$497k	US$56m

Compensation vs Market: David's total compensation ($USD5.60M) is below average for companies of similar size in the US market ($USD8.47M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Li (49 yo)

7.5yrs

Tenure

US$5,595,460

Compensation

Mr. David H. Li has been the Chief Executive Officer and President of CMC Materials, Inc. (formerly known as Cabot Microelectronics Corporation) since January 01, 2015. Mr. Li served as the Vice President...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Li	President	7.5yrs	US$5.60m	0.20% $ 9.8m
H. Bernstein	VP, Secretary & General Counsel	21.9yrs	US$1.46m	0.12% $ 5.9m
Daniel Woodland	VP & President of Electronic Materials	4.8yrs	US$1.75m	0.018% $ 907.9k
Jeffrey Dysard	VP & President of Performance Materials	3.5yrs	US$1.56m	0.026% $ 1.3m
Jeanette Press	CFO, Controller & Principal Accounting Officer	2.1yrs	no data	0.0086% $ 424.9k
Patrick Flaherty	Head of Investor Relations	1.5yrs	no data	no data
Colleen Mumford	Vice President of Quality	2.8yrs	no data	0.0053% $ 264.4k
Eleanor Thorp	Vice President of Human Resources	3.8yrs	no data	0.014% $ 694.2k
Yumiko Damashek	Vice President	no data	no data	no data

3.7yrs

Average Tenure

49yo

Average Age

Experienced Management: CCMP's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Li	President	7.5yrs	US$5.60m	0.20% $ 9.8m
Richard Hill	Independent Director	10.1yrs	US$300.85k	0.026% $ 1.3m
William Noglows	Independent Chairman of the Board	18.7yrs	US$325.85k	0.23% $ 11.3m
Barbara Klein	Independent Director	14.3yrs	US$300.85k	0.084% $ 4.2m
Geoffrey Wild	Independent Director	6.8yrs	US$275.85k	0.039% $ 1.9m
Paul Reilly	Independent Director	5.3yrs	US$288.35k	0.020% $ 985.4k
Anne Roby	Independent Director	1.1yrs	US$238.90k	0.000030% $ 1.5k
Susan Whitney	Independent Director	7.3yrs	US$288.35k	0.027% $ 1.3m

7.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CCMP's board of directors are considered experienced (7.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/07/06 15:55
End of Day Share Price	2022/07/05 00:00
Earnings	2022/03/31
Annual Earnings	2021/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CMC Materials, Inc. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher Kapsch	BB&T Capital Markets
Paretosh Misra	Berenberg
Dmitry Silversteyn	Buckingham Research Group Inc.

This company has been acquired

CMC Materials Management

Management criteria checks 4/4

Key information

Recent management updates

CMC Materials, Inc. Announces Board Changes

Insufficient new directors

Independent Director exercised options and sold US$3.9m worth of stock

VP & President of Electronic Materials recently sold US$1.7m worth of stock

Interim CFO exercised options to buy US$65k worth of stock.

President exercised options and sold US$4.0m worth of stock

Recent updates

Shares of CMC Materials to Be Delisted from the NASDAQ

CMC Materials, Inc.(NasdaqGS:CCMP) dropped from NASDAQ Composite Index

CMC Materials, Inc. Announces Board Changes

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

CMC Materials, Inc. Provides Earnings Guidance for the Fiscal Year of 2022

Insufficient new directors

CMC Materials, Inc. to Report Q2, 2022 Results on May 04, 2022

Upcoming dividend of US$0.46 per share

CMC Materials, Inc. Announces Impairment Charges for the First Quarter Ended December 31, 2021

First quarter 2022 earnings: EPS misses analyst expectations

Cmc Materials, Inc. Revenue Guidance for the Second Quarter of Fiscal 2022

Price target increased to US$181

Independent Director exercised options and sold US$3.9m worth of stock

VP & President of Electronic Materials recently sold US$1.7m worth of stock

Interim CFO exercised options to buy US$65k worth of stock.

Upcoming dividend of US$0.46 per share

Full year 2021 earnings released: US$2.35 loss per share (vs US$4.90 profit in FY 2020)

Why CMC Materials Is Still No Bargain Even If It Is Down Big

Upcoming dividend of US$0.46 per share

Price target decreased to US$164

CMC Materials, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2021

CMC Materials, Inc. Announces Impairment Charges for the Quarter Ended June 30, 2021

Third quarter 2021 earnings released: EPS US$1.15 (vs US$1.19 in 3Q 2020)

A Big Drop Does Not Automatically Make CMC Materials A Bargain

Upcoming dividend of US$0.46 per share

CMC Materials - Steady, Yet Could Do Better

CMC Materials, Inc. Announces Unaudited Consolidated Impairment Charges for the Quarter Ended March 31, 2021

Second quarter 2021 earnings released: US$5.13 loss per share (vs US$1.12 profit in 2Q 2020)

CMC Materials, Inc. Provides Financial Guidance for the Third Quarter of Fiscal 2021

CMC Materials EPS misses by $0.23, misses on revenue

Consensus forecasts updated

Investor sentiment improved over the past week

Upcoming Dividend of US$0.46 Per Share

President exercised options and sold US$4.0m worth of stock

CMC Materials, Inc. (NasdaqGS:CCMP) entered into an agreement to acquire International Test Solutions, Inc. for approximately $130 million.

New 90-day high: US$179

Price target raised to US$178

Analysts increase EPS estimates to US$6.91

New 90-day high: US$173

First quarter 2021 earnings released: EPS US$1.08 (vs US$1.32 in 1Q 2020)

Revenue beats expectations, earnings disappoint

CMC Materials EPS beats by $0.19, beats on revenue

CMC Materials, Inc., Annual General Meeting, Mar 03, 2021

New 90-day high: US$173

CMC Materials, Inc. to Report Q1, 2021 Results on Feb 03, 2021

VP & President of Performance Materials recently sold US$201k worth of stock

VP & President of Performance Materials notifies of intention to sell stock

Cabot Microelectronics declares $0.44 dividend

Independent Director recently sold US$95k worth of stock

Independent Director notifies of intention to sell stock

Analysts update estimates

Full year 2020 earnings released: EPS US$4.90

Earnings beat expectations, revenue disappoints

CMC Materials: Some Thoughts After A Recent Pullback

Market pulls back on stock over the past week

Full year 2020 earnings released: EPS US$4.90

Earnings beat expectations, revenue disappoints

Cabot Microelectronics EPS beats by $0.21, misses on revenue

New 90-day high: US$169

CMC Materials, Inc. to Report Q4, 2020 Results on Nov 11, 2020

Independent Chairman of the Board recently sold US$1.5m worth of stock

Price target raised to US$160

New 90-day high - US$161

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team