Harmonic Management
Management criteria checks 3/4
Harmonic's CEO is Patrick Harshman, appointed in May 2006, has a tenure of 17.92 years. total yearly compensation is $4.83M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth $7.36M. The average tenure of the management team and the board of directors is 6.3 years and 11.8 years respectively.
Key information
Patrick Harshman
Chief executive officer
US$4.8m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 17.9yrs |
| CEO ownership | 0.7% |
| Management average tenure | 6.3yrs |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
Investors Don't See Light At End Of Harmonic Inc.'s (NASDAQ:HLIT) Tunnel And Push Stock Down 27%
Apr 20
We Think Harmonic (NASDAQ:HLIT) Is Taking Some Risk With Its Debt
Apr 15What Does Harmonic Inc.'s (NASDAQ:HLIT) Share Price Indicate?
Apr 01Harmonic: Upcoming Report Worthwhile To Be Bullish On
Jan 29Harmonic Inc.'s (NASDAQ:HLIT) Earnings Haven't Escaped The Attention Of Investors
Jan 05We Like These Underlying Return On Capital Trends At Harmonic (NASDAQ:HLIT)
Dec 15Harmonic (NASDAQ:HLIT) Has A Pretty Healthy Balance Sheet
Nov 20Is Now The Time To Look At Buying Harmonic Inc. (NASDAQ:HLIT)?
Sep 14The Return Trends At Harmonic (NASDAQ:HLIT) Look Promising
Aug 26Things Look Grim For Harmonic Inc. (NASDAQ:HLIT) After Today's Downgrade
Aug 08We Ran A Stock Scan For Earnings Growth And Harmonic (NASDAQ:HLIT) Passed With Ease
Jul 27What Is Harmonic Inc.'s (NASDAQ:HLIT) Share Price Doing?
May 19Harmonic (NASDAQ:HLIT) Is Doing The Right Things To Multiply Its Share Price
May 06Should You Be Adding Harmonic (NASDAQ:HLIT) To Your Watchlist Today?
Apr 20Here's Why Harmonic (NASDAQ:HLIT) Can Manage Its Debt Responsibly
Mar 07At US$14.79, Is It Time To Put Harmonic Inc. (NASDAQ:HLIT) On Your Watch List?
Feb 03Market Participants Recognise Harmonic Inc.'s (NASDAQ:HLIT) Earnings
Jan 20Returns Are Gaining Momentum At Harmonic (NASDAQ:HLIT)
Jan 07Here's Why Harmonic (NASDAQ:HLIT) Has Caught The Eye Of Investors
Dec 21Does Harmonic (NASDAQ:HLIT) Have A Healthy Balance Sheet?
Dec 06Is It Time To Consider Buying Harmonic Inc. (NASDAQ:HLIT)?
Nov 02Harmonic Q2 2022 Earnings Preview
Jul 31We Think Harmonic (NASDAQ:HLIT) Can Stay On Top Of Its Debt
Jul 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$84m |
| Sep 29 2023 | n/a | n/a | US$6m |
| Jun 30 2023 | n/a | n/a | US$22m |
| Mar 31 2023 | n/a | n/a | US$35m |
| Dec 31 2022 | US$5m | US$567k | US$28m |
| Sep 30 2022 | n/a | n/a | US$42m |
| Jul 01 2022 | n/a | n/a | US$35m |
| Apr 01 2022 | n/a | n/a | US$18m |
| Dec 31 2021 | US$5m | US$546k | US$13m |
| Oct 01 2021 | n/a | n/a | US$7m |
| Jul 02 2021 | n/a | n/a | -US$49k |
| Apr 02 2021 | n/a | n/a | -US$13m |
| Dec 31 2020 | US$3m | US$534k | -US$29m |
| Sep 25 2020 | n/a | n/a | -US$37m |
| Jun 26 2020 | n/a | n/a | -US$20m |
| Mar 27 2020 | n/a | n/a | -US$17m |
| Dec 31 2019 | US$3m | US$530k | -US$6m |
| Sep 27 2019 | n/a | n/a | -US$8m |
| Jun 28 2019 | n/a | n/a | -US$28m |
| Mar 29 2019 | n/a | n/a | -US$19m |
| Dec 31 2018 | US$2m | US$515k | -US$21m |
| Sep 28 2018 | n/a | n/a | -US$36m |
| Jun 29 2018 | n/a | n/a | -US$44m |
| Mar 30 2018 | n/a | n/a | -US$73m |
| Dec 31 2017 | US$2m | US$515k | -US$83m |
Compensation vs Market: Patrick's total compensation ($USD4.83M) is above average for companies of similar size in the US market ($USD3.44M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Harshman (58 yo)
17.9yrs
Tenure
US$4,831,571
Compensation
Dr. Patrick J. Harshman has been the Chief Executive Officer and President of Harmonic Inc. since May 4, 2006. Dr. Harshman has driven Harmonic’s strategic re-positioning as the worldwide leader in video d...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.9yrs | US$4.83m | 0.70% $ 7.4m | |
| Senior Vice President of Global Sales | 3.7yrs | US$1.39m | 0.13% $ 1.3m | |
| Senior Vice President of Video R&D | 13.1yrs | US$1.53m | 0.14% $ 1.5m | |
| Senior VP & GM of Broadband Business | 11.8yrs | US$1.53m | 0.36% $ 3.8m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Senior Vice President of Operations & IT | 5.3yrs | no data | no data | |
| Finance & Investor Relations Manager | no data | no data | no data | |
| General Counsel | 10.5yrs | no data | no data | |
| Senior Vice President of Corporate Marketing & Communications | 5.3yrs | no data | no data | |
| Senior Vice President of Business Development | 7.3yrs | no data | 0.14% $ 1.4m | |
| Senior VP of Innovation & Chief Cybersecurity Officer | no data | US$904.51k | no data | |
| Senior Vice President of Video Products | 2.3yrs | no data | no data |
6.3yrs
Average Tenure
56.5yo
Average Age
Experienced Management: HLIT's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.9yrs | US$4.83m | 0.70% $ 7.4m | |
| Independent Director | 6.2yrs | US$199.31k | 0.14% $ 1.4m | |
| Independent Director | 12.2yrs | US$205.31k | 0.22% $ 2.3m | |
| Independent Chairman of the Board | 16.5yrs | US$249.31k | 0.25% $ 2.6m | |
| Independent Director | 11.8yrs | US$203.81k | 0.25% $ 2.6m | |
| Independent Director | 5.5yrs | US$201.10k | 0.096% $ 1.0m | |
| Independent Director | 1.8yrs | US$128.23k | 0.019% $ 203.5k |
11.8yrs
Average Tenure
58yo
Average Age
Experienced Board: HLIT's board of directors are seasoned and experienced ( 11.8 years average tenure).