Sierra Wireless Management

Management criteria checks 2/4

Sierra Wireless' CEO is Phil Brace, appointed in Jul 2021, has a tenure of 1.5 years. total yearly compensation is $3.93M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.068% of the company’s shares, worth $819.49K. The average tenure of the management team and the board of directors is 2 years and 2.8 years respectively.

Key information

Phil Brace

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage	6.5%
CEO tenure	1.5yrs
CEO ownership	0.07%
Management average tenure	2yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Phil Brace's remuneration changed compared to Sierra Wireless's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	-US$25m
Jun 30 2022	n/a	n/a	-US$53m
Mar 31 2022	n/a	n/a	-US$74m
Dec 31 2021	US$4m	US$254k	-US$89m

Compensation vs Market: Phil's total compensation ($USD3.93M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Insufficient data to compare Phil's compensation with company performance.

CEO

Phil Brace (51 yo)

1.5yrs

Tenure

US$3,926,749

Compensation

Mr. Philip Gordon Brace, also known as Phil, is President and Chief Executive Officer at Sierra Wireless, Inc. since July 26, 2021 and also serves as Director since August 2021. He had been Executive Vice...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Philip Brace	President	1.5yrs	US$3.93m	0.068% $ 819.5k
Samuel Cochrane	Chief Financial Officer	2.7yrs	US$1.15m	0.054% $ 654.9k
Roy MacLean	Senior Vice President of Operations	1.9yrs	US$532.56k	0.035% $ 429.7k
James Ryan	Senior VP of Product	2.1yrs	US$666.40k	no data
Pravinchandra Desale	Senior Vice President of Engineering	1.2yrs	US$2.35m	0.046% $ 556.2k
David Climie	Vice President of Investor Relations	8.8yrs	no data	no data
Jennifer Farac	General Counsel & Corporate Secretary	2.8yrs	no data	0.00063% $ 7.6k
Steve Harmon	Senior Vice President of Global Sales	1.2yrs	US$1.77m	0.042% $ 504.0k

2.0yrs

Average Tenure

Experienced Management: SWIR's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Philip Brace	President	1.4yrs	US$3.93m	0.068% $ 819.5k
Gregory Waters	Independent Director	2.8yrs	US$181.57k	0.17% $ 2.1m
Martin McCourt	Independent Director	2.7yrs	US$172.57k	0.11% $ 1.3m
Karima Bawa	Independent Director	2.8yrs	US$176.87k	no data
Lori O'Neill	Independent Director	3.3yrs	US$186.37k	no data
Thomas Sieber	Independent Director	9yrs	US$181.57k	0.19% $ 2.3m
Russell Jones	Independent Chairman	4.3yrs	US$187.37k	0.077% $ 929.9k
James Anderson	Independent Director	2.8yrs	US$172.57k	0.057% $ 693.9k
Raj Talluri	Board Observer	2.8yrs	no data	no data

2.8yrs

Average Tenure

58yo

Average Age

Experienced Board: SWIR's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Sierra Wireless Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

High number of new and inexperienced directors

Senior Vice President of Engineering recently bought US$52k worth of stock

Chief Financial Officer recently sold US$826k worth of stock

High number of new and inexperienced directors

Independent Director recently bought US$254k worth of stock

Recent updates

Sierra Wireless, Inc.(NasdaqGS:SWIR) dropped from NASDAQ Telecom Index

13548597 Canada Inc. completed the acquisition of Sierra Wireless, Inc. (TSX:SW) from a group of shareholders.

Price target increased to US$31.00

High number of new directors

An unknown buyer acquired Legacy home security business from Sierra Wireless, Inc. (TSX : SW) for CAD 7.6 million.

Third quarter 2022 earnings released: US$0.26 loss per share (vs US$1.03 loss in 3Q 2021)

Sierra Wireless, Inc. to Report Q3, 2022 Results on Nov 10, 2022

Semtech, Sierra Wireless receive DOJ second request on deal

Sierra Wireless Announces AirLink® RX55 Cellular Router Optimized for the Rapidly Expanding Industrial IoT

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Forecast breakeven date moved forward to 2022

13548597 Canada Inc announced a definitive agreement to acquire Sierra Wireless, Inc. (TSX:SW) from a group of shareholders for $1.3 billion.

Sierra Wireless, Inc. Provides Preliminary Guidance for the Second Quarter 2022

Sierra Wireless jumps 18% on report of Semtech buyout talks

Sierra Wireless, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Sierra Wireless - Going Wild

High number of new and inexperienced directors

Senior Vice President of Engineering recently bought US$52k worth of stock

Chief Financial Officer recently sold US$826k worth of stock

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

Sierra Wireless, Inc. Provides Revenue Guidance for the Second Quarter of 2022

Sierra Wireless, Inc. Provides Revenue Guidance for the Second Quarter of 2022

High number of new and inexperienced directors

Sierra Wireless, Inc. to Report Q1, 2022 Results on May 11, 2022

Sentinel Offender Services, LLC acquired Omnilink Offender Monitoring Business from Sierra Wireless, Inc. (TSX:SW) for $37.6 million.

Turnaround At Sierra Wireless

Sierra Wireless, Inc. Provides Revenue Guidance for the First Quarter of 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Sierra Wireless, Inc. to Report Q4, 2021 Results on Feb 22, 2022

Sierra Wireless Announces AirLink® RV50X Router Certified by FCC for Use on Anterix 900 MHz Spectrum

Independent Director recently bought US$254k worth of stock

Independent Director recently bought US$824k worth of stock

Third quarter 2021 earnings released: US$1.03 loss per share (vs US$0.40 loss in 3Q 2020)

Forecast to breakeven in 2023

High number of new and inexperienced directors

Sierra Wireless, Inc. Does Not Provides Earnings Guidance for the Year 2021

Why Sierra Wireless Is Due For A Dip

Sierra Wireless 5G Modules First to Be Certified on Deutsche Telekom's 5G Network

Sierra Wireless Announces New HL78 Series Modules Extending Leadership in Growing LPWA Market

Sierra Wireless Advances 5G with Certification of its 5G Module and MG90 5G Router on T-Mobile’s Nationwide 5G Network

Sierra Wireless Introduces the World’s Most Advanced 5G Router Portfolio

Sierra Wireless Extends 5G Leadership in Mobile Broadband with Next Generation 5G Modules

Sierra Wireless, Inc. Provides Earnings Guidance for the Second Quarter of 2021

Sierra Wireless, Inc. Introduces the World’s Most Advanced 5G Router Portfolio

Sierra Wireless Announces Resumption of Production

Sierra Wireless Withdraws the First Quarter 2021 Guidance It Previously Provided

Full year 2020 earnings released: US$1.93 loss per share (vs US$2.06 loss in FY 2019)

Insider recently bought US$166k worth of stock

Chief Technology Officer recently sold US$63k worth of stock

Revenue and earnings miss expectations

Full year 2020 earnings released: US$1.93 loss per share (vs US$1.95 loss in FY 2019)

Price target raised to US$20.44

Price target raised to US$17.33

Sierra Wireless, Inc. to Report Q4, 2020 Results on Feb 23, 2021

Virocom Selects Sierra Wireless Airlink End-To-End Networking Solution for Smart Locker Applications

Kent Thexton Plans to Retire as CEO of Sierra Wireless

Sierra Wireless Appoints James Armstrong as Senior VP and GM, Enterprise Solutions

Sierra Wireless deploys Zenoss for intelligent IoT system monitoring

Sierra Wireless, Inc. Appoints James Armstrong as Senior Vice President and General Manager, Enterprise Solutions

Thermigas Increases Industrial Water Heater Uptime with Octave the All-in-One Edge-to-Cloud Solution from Sierra Wireless

Fibocom Wireless Inc. (SZSE:300638) along with three Chinese investment firms completed the acquisition of Automotive Embedded Module Product Line from Sierra Wireless, Inc. (TSX:SW).

Slow Turnaround At Sierra Wireless

Sierra Wireless, Inc. Unable to Predict Guidance for the Fourth Quarter 2020

Sierra Wireless EPS misses by $0.18, beats on revenue

Price target raised to US$13.61

Sierra Wireless, Inc. to Report Q3, 2020 Results on Nov 12, 2020

Sierra Wireless Announces Availability of the AirLink MG90 5G platform

Sierra Wireless, Inc. Unable to Predict Third Quarter 2020 Guidance

First half earnings released