Formula Systems (1985) Management
Management criteria checks 2/4
Formula Systems (1985)'s CEO is Guy Bernstein, appointed in Jan 2008, has a tenure of 16.25 years. total yearly compensation is $11.18M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 11.73% of the company’s shares, worth $130.43M. The average tenure of the management team and the board of directors is 12.4 years and 1.9 years respectively.
Key information
Guy Bernstein
Chief executive officer
US$11.2m
Total compensation
| CEO salary percentage | 5.2% |
| CEO tenure | 16.3yrs |
| CEO ownership | 11.7% |
| Management average tenure | 12.4yrs |
| Board average tenure | 1.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$64m |
| Sep 30 2023 | n/a | n/a | US$64m |
| Jun 30 2023 | n/a | n/a | US$65m |
| Mar 31 2023 | n/a | n/a | US$82m |
| Dec 31 2022 | US$11m | US$578k | US$81m |
| Sep 30 2022 | n/a | n/a | US$82m |
| Jun 30 2022 | n/a | n/a | US$78m |
| Mar 31 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$10m | US$605k | US$55m |
| Sep 30 2021 | n/a | n/a | US$51m |
| Jun 30 2021 | n/a | n/a | US$50m |
| Mar 31 2021 | n/a | n/a | US$48m |
| Dec 31 2020 | US$2m | US$508k | US$47m |
| Sep 30 2020 | n/a | n/a | US$45m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$512k | US$512k | US$39m |
| Sep 30 2019 | n/a | n/a | US$40m |
| Jun 30 2019 | n/a | n/a | US$37m |
| Mar 31 2019 | n/a | n/a | US$35m |
| Dec 31 2018 | US$517k | US$517k | US$32m |
| Sep 30 2018 | n/a | n/a | US$26m |
| Jun 30 2018 | n/a | n/a | US$24m |
| Mar 31 2018 | n/a | n/a | US$17m |
| Dec 31 2017 | US$508k | US$508k | US$10m |
Compensation vs Market: Guy's total compensation ($USD11.18M) is above average for companies of similar size in the US market ($USD3.42M).
Compensation vs Earnings: Guy's compensation has been consistent with company performance over the past year.
CEO
Guy Bernstein (55 yo)
16.3yrs
Tenure
US$11,175,000
Compensation
Mr. Guy Bernstein is the Chief Executive Officer of Magic Software Enterprises Ltd. since April 2010 and has been its Director since January 01, 2007. Mr. Bernstein served as a member of our board of direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 16.3yrs | US$11.18m | 11.73% $ 130.4m | |
| Chief Financial Officer | 12.4yrs | US$1.03m | no data | |
| Chief Operational Officer | 7.6yrs | US$306.00k | no data |
12.4yrs
Average Tenure
45yo
Average Age
Experienced Management: FORT.Y's management team is seasoned and experienced (12.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 13.4yrs | US$41.40k | no data | |
| Director | 11.7yrs | US$41.40k | no data | |
| Director | 1.7yrs | US$9.95k | no data | |
| Independent Director | 5.3yrs | US$51.80k | no data | |
| Director | 1.7yrs | US$9.95k | no data | |
| Independent External Director | 1.9yrs | US$58.45k | no data | |
| Independent External Director | 1.9yrs | US$39.65k | no data |
1.9yrs
Average Tenure
51yo
Average Age
Experienced Board: FORT.Y's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.