FormFactor Management
Management criteria checks 4/4
FormFactor's CEO is Mike Slessor, appointed in Oct 2013, has a tenure of 11.17 years. total yearly compensation is $6.73M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.68% of the company’s shares, worth $22.58M. The average tenure of the management team and the board of directors is 2.9 years and 5.1 years respectively.
Key information
Mike Slessor
Chief executive officer
US$6.7m
Total compensation
| CEO salary percentage | 8.2% |
| CEO tenure | 11.2yrs |
| CEO ownership | 0.7% |
| Management average tenure | 2.9yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
FormFactor: GenAI Propels The Company Forward
Dec 20FormFactor (NASDAQ:FORM) Will Be Hoping To Turn Its Returns On Capital Around
Dec 07
FormFactor, Inc.'s (NASDAQ:FORM) Shares May Have Run Too Fast Too Soon
Nov 19FormFactor: The AI Thesis Gets Murky
Oct 14Should You Investigate FormFactor, Inc. (NASDAQ:FORM) At US$44.78?
Sep 20FormFactor (NASDAQ:FORM) Could Be Struggling To Allocate Capital
Sep 02There May Be Underlying Issues With The Quality Of FormFactor's (NASDAQ:FORM) Earnings
Aug 15Risks Still Elevated At These Prices As FormFactor, Inc. (NASDAQ:FORM) Shares Dive 34%
Aug 03FormFactor: A Compelling Investment Opportunity In Advanced Semiconductor Testing
Jul 30Is FormFactor (NASDAQ:FORM) Using Too Much Debt?
Jul 12Why FormFactor, Inc. (NASDAQ:FORM) Could Be Worth Watching
Jun 06FormFactor, Inc.'s (NASDAQ:FORM) 43% Price Boost Is Out Of Tune With Earnings
May 22FormFactor: Perhaps In Not As Good A Shape As It First Appears
May 14FormFactor (NASDAQ:FORM) Will Be Hoping To Turn Its Returns On Capital Around
Apr 30FormFactor, Inc.'s (NASDAQ:FORM) Share Price Could Signal Some Risk
Mar 29FormFactor (NASDAQ:FORM) Has A Pretty Healthy Balance Sheet
Mar 14FormFactor: The AI Bump Continues
Feb 26FormFactor (NASDAQ:FORM) Strong Profits May Be Masking Some Underlying Issues
Feb 14FormFactor, Inc.'s (NASDAQ:FORM) Shares May Have Run Too Fast Too Soon
Dec 19Does FormFactor (NASDAQ:FORM) Have A Healthy Balance Sheet?
Oct 26Capital Allocation Trends At FormFactor (NASDAQ:FORM) Aren't Ideal
Oct 05FormFactor (NASDAQ:FORM) Could Be Struggling To Allocate Capital
Jul 04FormFactor (NASDAQ:FORM) Has A Pretty Healthy Balance Sheet
Jun 13Is FormFactor, Inc. (NASDAQ:FORM) Expensive For A Reason? A Look At Its Intrinsic Value
Apr 22Here's What To Make Of FormFactor's (NASDAQ:FORM) Decelerating Rates Of Return
Mar 20We Think FormFactor (NASDAQ:FORM) Can Manage Its Debt With Ease
Feb 10We Like These Underlying Return On Capital Trends At FormFactor (NASDAQ:FORM)
Dec 20What Is FormFactor, Inc.'s (NASDAQ:FORM) Share Price Doing?
Nov 12Does FormFactor (NASDAQ:FORM) Have A Healthy Balance Sheet?
Oct 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | US$136m |
| Jun 29 2024 | n/a | n/a | US$121m |
| Mar 30 2024 | n/a | n/a | US$103m |
| Dec 30 2023 | US$7m | US$550k | US$82m |
| Sep 30 2023 | n/a | n/a | -US$7m |
| Jul 01 2023 | n/a | n/a | -US$7m |
| Apr 01 2023 | n/a | n/a | US$22m |
| Dec 31 2022 | US$5m | US$556k | US$51m |
| Sep 24 2022 | n/a | n/a | US$90m |
| Jun 25 2022 | n/a | n/a | US$107m |
| Mar 26 2022 | n/a | n/a | US$94m |
| Dec 25 2021 | US$5m | US$500k | US$84m |
| Sep 25 2021 | n/a | n/a | US$77m |
| Jun 26 2021 | n/a | n/a | US$80m |
| Mar 27 2021 | n/a | n/a | US$82m |
| Dec 26 2020 | US$5m | US$500k | US$79m |
| Sep 26 2020 | n/a | n/a | US$78m |
| Jun 27 2020 | n/a | n/a | US$63m |
| Mar 28 2020 | n/a | n/a | US$50m |
| Dec 28 2019 | US$4m | US$500k | US$39m |
| Sep 28 2019 | n/a | n/a | US$106m |
| Jun 29 2019 | n/a | n/a | US$105m |
| Mar 30 2019 | n/a | n/a | US$107m |
| Dec 29 2018 | US$4m | US$500k | US$104m |
| Sep 29 2018 | n/a | n/a | US$25m |
| Jun 30 2018 | n/a | n/a | US$29m |
| Mar 31 2018 | n/a | n/a | US$38m |
| Dec 30 2017 | US$3m | US$500k | US$41m |
Compensation vs Market: Mike's total compensation ($USD6.73M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Slessor (54 yo)
11.2yrs
Tenure
US$6,727,849
Compensation
Dr. Michael D. Slessor, also known as Mike, has been the Chief Executive Officer at FormFactor Inc. since December 28, 2014 and serves as its President since October 24, 2013. He served as its President at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 11.2yrs | US$6.73m | 0.68% $ 22.6m | |
| Chief Financial Officer | 6.8yrs | US$2.73m | 0.051% $ 1.7m | |
| Senior Vice President of Global Operations | less than a year | no data | no data | |
| CTO and Senior VP of Technology R&D | 10.9yrs | no data | no data | |
| Chief Information Officer | 4.2yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Legal Officer | less than a year | no data | no data | |
| Chief Human Resources Officer | 2.9yrs | no data | no data | |
| Chief Commercial Officer | less than a year | no data | no data | |
| Senior VP & GM of Probes Business Unit | less than a year | no data | no data | |
| Secretary | no data | no data | no data |
2.9yrs
Average Tenure
52yo
Average Age
Experienced Management: FORM's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 11.2yrs | US$6.73m | 0.68% $ 22.6m | |
| Director Emeritus | no data | US$57.06k | no data | |
| Independent Chairman & Lead independent Director | 14.3yrs | US$301.89k | 0.043% $ 1.4m | |
| Director Emeritus | no data | US$213.48k | no data | |
| Independent Director | less than a year | no data | no data | |
| Director Emeritus | no data | US$198.27k | no data | |
| Independent Director | 3.5yrs | US$266.89k | 0.012% $ 391.9k | |
| Independent Director | 2.3yrs | US$278.79k | 0.010% $ 343.1k | |
| Independent Director | 9.3yrs | US$279.39k | 0.033% $ 1.1m | |
| Independent Director | 5yrs | US$270.39k | 0.0011% $ 37.2k | |
| Independent Director | 5.3yrs | US$266.89k | 0.0087% $ 290.3k |
5.1yrs
Average Tenure
63yo
Average Age
Experienced Board: FORM's board of directors are considered experienced (5.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:43 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
FormFactor, Inc. is covered by 20 analysts. 10 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 |
|---|---|
| Ishan Majumdar | Baptista Research |
| Christopher Muse | Barclays |
| Craig Ellis | B. Riley Securities, Inc. |