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We Think Shareholders Will Probably Be Generous With QuickLogic Corporation's (NASDAQ:QUIK) CEO Compensation
Key Insights
- QuickLogic will host its Annual General Meeting on 9th of May
- CEO Brian Faith's total compensation includes salary of US$354.4k
- The overall pay is comparable to the industry average
- QuickLogic's total shareholder return over the past three years was 104% while its EPS grew by 55% over the past three years
We have been pretty impressed with the performance at QuickLogic Corporation (NASDAQ:QUIK) recently and CEO Brian Faith deserves a mention for their role in it. Shareholders will have this at the front of their minds in the upcoming AGM on 9th of May. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.
View our latest analysis for QuickLogic
Comparing QuickLogic Corporation's CEO Compensation With The Industry
At the time of writing, our data shows that QuickLogic Corporation has a market capitalization of US$203m, and reported total annual CEO compensation of US$1.4m for the year to December 2023. That's a notable increase of 8.0% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$354k.
On comparing similar companies from the American Semiconductor industry with market caps ranging from US$100m to US$400m, we found that the median CEO total compensation was US$1.5m. From this we gather that Brian Faith is paid around the median for CEOs in the industry. Moreover, Brian Faith also holds US$2.6m worth of QuickLogic stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
| Component | 2023 | 2023 | Proportion (2023) |
| Salary | US$354k | US$341k | 25% |
| Other | US$1.1m | US$997k | 75% |
| Total Compensation | US$1.4m | US$1.3m | 100% |
Speaking on an industry level, nearly 11% of total compensation represents salary, while the remainder of 89% is other remuneration. According to our research, QuickLogic has allocated a higher percentage of pay to salary in comparison to the wider industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
A Look at QuickLogic Corporation's Growth Numbers
QuickLogic Corporation has seen its earnings per share (EPS) increase by 55% a year over the past three years. In the last year, its revenue is up 31%.
Shareholders would be glad to know that the company has improved itself over the last few years. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
Has QuickLogic Corporation Been A Good Investment?
Most shareholders would probably be pleased with QuickLogic Corporation for providing a total return of 104% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
To Conclude...
Seeing that company performance has been quite good recently, some shareholders may feel that CEO compensation may not be the biggest focus in the upcoming AGM. However, despite the strong growth in earnings and share price growth, the focus for shareholders would be how the company plans to steer the company towards sustainable profitability in the near future.
CEO compensation can have a massive impact on performance, but it's just one element. We've identified 3 warning signs for QuickLogic that investors should be aware of in a dynamic business environment.
Important note: QuickLogic is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
Valuation is complex, but we're here to simplify it.
Discover if QuickLogic might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:QUIK
QuickLogic
Operates as a fabless semiconductor company.
Excellent balance sheet with slight risk.
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