Exchange Income Management

Management criteria checks 4/4

Exchange Income's CEO is Mike Pyle, appointed in Aug 2006, has a tenure of 17.67 years. total yearly compensation is CA$3.81M, comprised of 22.7% salary and 77.3% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth $696.20K. The average tenure of the management team and the board of directors is 8 years and 14.8 years respectively.

Key information

Mike Pyle

Chief executive officer

CA$3.8m

Total compensation

CEO salary percentage	22.7%
CEO tenure	17.7yrs
CEO ownership	0.04%
Management average tenure	8yrs
Board average tenure	14.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Pyle's remuneration changed compared to Exchange Income's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$4m	CA$866k	CA$122m
Sep 30 2023	n/a	n/a	CA$120m
Jun 30 2023	n/a	n/a	CA$120m
Mar 31 2023	n/a	n/a	CA$113m
Dec 31 2022	CA$4m	CA$830k	CA$110m
Sep 30 2022	n/a	n/a	CA$106m
Jun 30 2022	n/a	n/a	CA$79m
Mar 31 2022	n/a	n/a	CA$65m
Dec 31 2021	CA$3m	CA$780k	CA$69m
Sep 30 2021	n/a	n/a	CA$59m
Jun 30 2021	n/a	n/a	CA$54m
Mar 31 2021	n/a	n/a	CA$40m
Dec 31 2020	CA$2m	CA$623k	CA$28m
Sep 30 2020	n/a	n/a	CA$40m
Jun 30 2020	n/a	n/a	CA$52m
Mar 31 2020	n/a	n/a	CA$71m
Dec 31 2019	CA$2m	CA$714k	CA$84m
Sep 30 2019	n/a	n/a	CA$77m
Jun 30 2019	n/a	n/a	CA$72m
Mar 31 2019	n/a	n/a	CA$70m
Dec 31 2018	CA$2m	CA$727k	CA$71m
Sep 30 2018	n/a	n/a	CA$69m
Jun 30 2018	n/a	n/a	CA$69m
Mar 31 2018	n/a	n/a	CA$75m
Dec 31 2017	CA$2m	CA$669k	CA$72m

Compensation vs Market: Mike's total compensation ($USD2.79M) is below average for companies of similar size in the US market ($USD5.66M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Pyle (59 yo)

17.7yrs

Tenure

CA$3,809,809

Compensation

Mr. Michael C. Pyle, also known as Mike, MBA, ICD D., has been the Chief Executive Officer at Exchange Income Corporation since August 01, 2006. He had been an Independent Director of Next Hydrogen Solutio...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Pyle	CEO & Director	17.7yrs	CA$3.81m	0.043% CA$ 696.2k
Duncan Jessiman	Executive Vice Chairman	14.8yrs	CA$268.40k	0.33% CA$ 5.3m
Carmele Peter	President	9.8yrs	CA$2.87m	0.011% CA$ 174.3k
Richard Wowryk	Chief Financial Officer	1.8yrs	CA$848.38k	0.014% CA$ 224.2k
Hank Gibson	President of Regional One	no data	CA$1.35m	no data
Darren Francis	CEO of Northern Mat & Bridge LP	no data	CA$1.69m	no data
Darwin Sparrow	Chief Operating Officer	8.9yrs	CA$447.22k	0.0065% CA$ 105.2k
Curtis Anderson	Chief Technology Officer	2.3yrs	no data	no data
Travis Muhr	Chief Administrative Officer	less than a year	no data	0.0089% CA$ 143.8k
Pam Plaster	Vice President of Investor Development	no data	no data	no data
Dianne Spencer	Manager of Compliance & Corporate Secretary	18.7yrs	no data	0.0018% CA$ 29.7k
Steven Stennett	Chief Legal Officer	7yrs	no data	0.0025% CA$ 40.4k

8.0yrs

Average Tenure

59yo

Average Age

Experienced Management: EIFZ.F's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Pyle	CEO & Director	14.8yrs	CA$3.81m	0.043% CA$ 696.2k
Duncan Jessiman	Executive Vice Chairman	14.8yrs	CA$268.40k	0.33% CA$ 5.3m
Edward Warkentin	Independent Director	14.8yrs	CA$185.00k	0.33% CA$ 5.3m
Donald Streuber	Independent Chairman	14.8yrs	CA$275.00k	0.30% CA$ 4.8m
Melissa Sonberg	Independent Director	5.9yrs	CA$190.00k	no data
Gary Buckley	Independent Director	14.8yrs	CA$190.00k	0.97% CA$ 15.7m
W. J. Bennett	Independent Director	14.8yrs	CA$185.00k	no data
Barb Gamey	Independent Director	less than a year	CA$116.67k	0.0042% CA$ 68.7k
Polly Craik	Independent Director	5.9yrs	CA$175.00k	0.0088% CA$ 143.0k
Bruce William Jack	Independent Director	1.9yrs	CA$195.00k	0.025% CA$ 412.0k

14.8yrs

Average Tenure

65yo

Average Age

Experienced Board: EIFZ.F's board of directors are seasoned and experienced ( 14.8 years average tenure).

Exchange Income Management

Management criteria checks 4/4

Key information

Recent management updates

Exchange Income Corporation, Annual General Meeting, May 08, 2024

Exchange Income Corporation Announces the Appointment of Richard Wowryk to the Position of Chief Financial Officer Effective June 1, 2022

Exchange Income Corporation, Annual General Meeting, May 14, 2021

Recent updates

Exchange Income Corporation Declares Dividend for the Month Ending April 30, 2024 Payable on May 15, 2024

Exchange Income Corporation to Report Q1, 2024 Results on May 07, 2024

Exchange Income Corporation Declares Dividend for the Month Ending March 31, 2024 Payable on April 15, 2024

Exchange Income Corporation, Annual General Meeting, May 08, 2024

Exchange Income Corporation Declares Dividend for the Month Ending February 29, 2024, Payable on March 15, 2024

Exchange Income Corporation to Report Q4, 2023 Results on Feb 22, 2024

Exchange Income Corporation Declares Dividend for the Month Ending January 31, 2024, Payable on February 15, 2024

Exchange Income Corporation Announces December 2023 Dividend, Payable on January 15, 2024

Exchange Income Corporation Declares Dividend for the Month Ending November 30, 2023, Payable on December 15, 2023

Exchange Income Corporation Provides Dividend Guidance for the Year 2023

Exchange Income Corporation Announces Dividend October 2023, Payable November 15, 2023

Exchange Income Corporation to Report Q3, 2023 Results on Nov 09, 2023

Exchange Income Corporation (TSX:EIF) acquired Dryair Manufacturing Corp. for CAD 60 million.

Exchange Income Corporation Declares September 2023 Dividend, Payable on October 13, 2023

Exchange Income Corporation Announces Dividend for August 2023, Payable September 15, 2023

Exchange Income Corporation Declares Dividends for the Month Ended July 31, 2023 Payable August 15, 2023

Exchange Income Corporation to Report Q2, 2023 Results on Aug 10, 2023

Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2023 , Payable July 14, 2023

Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 150.21875 million.

Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2023, Payable June 15, 2023

Exchange Income Corporation Announces Dividend for Month Ended February 2023, Payable on March 15, 2023

Exchange Income Corporation Announces Dividend for the Month Ended January 31, 2023, Payable on February 15, 2023

Exchange Income Corporation Announces December 2022 Dividend, Payable January 13, 2023

Exchange Income Corporation Declares Dividend for the Month Ended November 30, 2022, Payable on December 15, 2022

Exchange Income Corporation Announces October 2022 Dividend, Payable on November 15, 2022

Exchange Income Corporation to Report Q3, 2022 Results on Nov 09, 2022

Exchange Income Corporation Announces September 2022 Dividend, Payable October 14, 2022

Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 100.0298 million.

Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 100.0298 million.

Exchange Income Corporation Announces August 2022 Dividend, Payable on September 15, 2022

Exchange Income Corporation, Declares Eligible Dividends for the Month Ending July 31, 2022, Payable August 15, 2022

Exchange Income Corporation to Report Q2, 2022 Results on Aug 11, 2022

Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2022, Payable July 15, 2022

Exchange Income Corporation Announces Dividend for the Month Ending May 31, 2022, Payable June 15, 2022

Exchange Income Corporation (TSX:EIF) acquired Advanced Paramedic Ltd. for CAD 15 million.

Exchange Income Corporation to Report Q1, 2022 Results on May 10, 2022

Exchange Income Corporation Announces the Appointment of Richard Wowryk to the Position of Chief Financial Officer Effective June 1, 2022

Exchange Income Corporation Announces February 2022 Dividend, Payable on March 15, 2022

Exchange Income Corporation (TSX:EIF) acquired Crew Training International, Inc. for $45 million.

Exchange Income Corporation (TSX:EIF) acquired Macfab Manufacturing Inc. for CAD 11 million.

Exchange Income Corporation (TSX:EIF) agreed to acquire Carson Air Ltd. from Wynnchurch Capital, L.P and others for $61 million.

Exchange Income Corporation Declares Dividend, Payable on June 15, 2021

Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 80.0214 million.

Exchange Income Corporation Declares Dividend for the Month Ended March 31, 2021, Payable on April 15, 2021

Exchange Income Corporation, Annual General Meeting, May 14, 2021

Exchange Income Corporation to Report Q4, 2020 Results on Feb 17, 2021

Exchange Income Corporation to Report Q3, 2020 Results on Nov 12, 2020

Exchange Income Corporation to Report Q2, 2020 Results on Aug 12, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age