Hudaco Industries Management

Management criteria checks 3/4

Hudaco Industries' CEO is Graham Dunford, appointed in Jul 2014, has a tenure of 9.75 years. total yearly compensation is ZAR33.15M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 1.58% of the company’s shares, worth ZAR70.94M. The average tenure of the management team and the board of directors is 6.5 years and 8.8 years respectively.

Key information

Graham Dunford

Chief executive officer

R33.1m

Total compensation

CEO salary percentage	19.0%
CEO tenure	9.8yrs
CEO ownership	1.6%
Management average tenure	6.5yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

Hudaco Industries' (JSE:HDC) Dividend Will Be Increased To ZAR3.25

Jul 03

CEO Compensation Analysis

How has Graham Dunford's remuneration changed compared to Hudaco Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Nov 30 2023	R33m	R6m	R611m
Aug 31 2023	n/a	n/a	R608m
May 31 2023	n/a	n/a	R604m
Feb 28 2023	n/a	n/a	R600m
Nov 30 2022	R35m	R6m	R596m
Aug 31 2022	n/a	n/a	R571m
May 31 2022	n/a	n/a	R546m
Feb 28 2022	n/a	n/a	R522m
Nov 30 2021	R40m	R6m	R499m
Aug 31 2021	n/a	n/a	R489m
May 31 2021	n/a	n/a	R479m
Feb 28 2021	n/a	n/a	R257m
Nov 30 2020	R18m	R5m	R36m
Aug 31 2020	n/a	n/a	R31m
May 31 2020	n/a	n/a	R27m
Feb 29 2020	n/a	n/a	R228m
Nov 30 2019	R21m	R5m	R429m
Aug 31 2019	n/a	n/a	R406m
May 31 2019	n/a	n/a	R383m
Feb 28 2019	n/a	n/a	R382m
Nov 30 2018	R16m	R5m	R381m
Aug 31 2018	n/a	n/a	R396m
May 31 2018	n/a	n/a	R411m
Feb 28 2018	n/a	n/a	R404m
Nov 30 2017	R10m	R4m	R397m

Compensation vs Market: Graham's total compensation ($USD1.73M) is above average for companies of similar size in the ZA market ($USD687.75K).

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

CEO

Graham Dunford (58 yo)

9.8yrs

Tenure

R33,148,000

Compensation

Mr. Graham Ronald Dunford, N Dip Mechanical Engineering, serves as the Chief Executive Officer of Hudaco Industries Limited since July 1, 2014 and its Executive Director since July 2010. Mr. Dunford served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Graham Dunford	CEO & Executive Director	9.8yrs	R33.15m	1.58% ZAR 70.9m
Clifford Amoils	Group Financial Director & Executive Director	14.8yrs	R15.19m	0.68% ZAR 30.7m
Ernie Smith	Executive Director	no data	R11.58m	no data
Cassie Lamprecht	Group Accountant	no data	no data	no data
Esther Nkosi	Group Executive of Transformation & Human Resources	1.2yrs	no data	no data
Carl Rogers	Managing Director	no data	R7.12m	no data
Sonia Liebenberg	Head of Risk & Internal Audit	no data	no data	no data
Rika Wessels-Bouwer	Group Treasurer	no data	no data	no data
Natasha Davies	Company Secretary	3.3yrs	no data	no data

6.5yrs

Average Tenure

58yo

Average Age

Experienced Management: HDC's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Graham Dunford	CEO & Executive Director	13.8yrs	R33.15m	1.58% ZAR 70.9m
Clifford Amoils	Group Financial Director & Executive Director	14.8yrs	R15.19m	0.68% ZAR 30.7m
Ernie Smith	Executive Director	less than a year	R11.58m	no data
Mark Thompson	Lead Independent Non-Executive Director	6.8yrs	R777.00k	no data
Stephen Connelly	Non Executive Chairman	32.3yrs	R1.27m	0.97% ZAR 43.7m
Nonyameko Mandindi	Independent Non-Executive Director	8.8yrs	R787.00k	no data
Bukelwa Bulo	Independent Non-Executive Director	less than a year	R227.00k	no data

8.8yrs

Average Tenure

58yo

Average Age

Experienced Board: HDC's board of directors are considered experienced (8.8 years average tenure).

Hudaco Industries Management

Management criteria checks 3/4

Key information

Recent management updates

CEO & Executive Director recently bought R4.6m worth of stock

Hudaco Industries Limited, Annual General Meeting, Mar 27, 2024

Less than half of directors are independent

Hudaco Industries Limited Announces Changes to the Board

Hudaco Industries Limited Appoints Bukelwa Bulo as Independent Non-Executive Director and A Member of the Audit and Risk Management Committee, Effective June 22, 2023

CEO & Executive Director exercised options and sold R5.1m worth of stock

Recent updates

CEO & Executive Director recently bought R4.6m worth of stock

Upcoming dividend of R7.00 per share

Final dividend increased to R7.00

Full year 2023 earnings released: EPS: R21.42 (vs R20.08 in FY 2022)

Hudaco Industries Limited, Annual General Meeting, Mar 27, 2024

Less than half of directors are independent

Hudaco Industries Limited Declares Final Dividend for the Year Ended 30 November 2023, Payable on 4 March 2024

New minor risk - Financial data availability

Hudaco Industries Limited Announces Changes to the Board

Hudaco Industries Limited Appoints Bukelwa Bulo as Independent Non-Executive Director and A Member of the Audit and Risk Management Committee, Effective June 22, 2023

CEO & Executive Director exercised options and sold R5.1m worth of stock

CEO & Executive Director recently bought R11m worth of stock

First half 2023 earnings released: EPS: R9.25 (vs R8.58 in 1H 2022)

Hudaco Industries' (JSE:HDC) Dividend Will Be Increased To ZAR3.25

Hudaco Industries Limited Announces Interim Dividend Declaration for the Six Months Ended 31 May 2023, Payable on 14 August 2023

Hudaco Industries Limited (JSE:HDC) entered into an agreement to acquire Trading assets and liabilities of Brigit for ZAR 315 million.

CEO & Executive Director recently sold R6.4m worth of stock

Upcoming dividend of R6.25 per share at 5.5% yield

CEO & Executive Director recently bought R8.3m worth of stock

Price target increased by 42% to R162

Full year 2022 earnings released: EPS: R20.07 (vs R16.43 in FY 2021)

Hudaco Industries Limited Announces Board Changes

Less than half of directors are independent

Upcoming dividend of R3.00 per share

First half 2022 earnings released

Less than half of directors are independent

Key Executive exercised options to buy R585k worth of stock.

Upcoming dividend of R5.20 per share

Hudaco Industries Limited, Annual General Meeting, Mar 17, 2022

CEO & Executive Director recently bought R5.5m worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Hudaco Industries Limited Declares Final Dividend for the Year Ended 30 November 2021, Payable on 7 March 2022

Hudaco Industries Limited Provides Earnings Guidance for the Year Ended November 30, 2021

CEO & Executive Director recently sold R784k worth of stock

Upcoming dividend of R2.40 per share

First half 2021 earnings released: EPS R6.87 (vs R7.36 loss in 1H 2020)

Executive Director recently bought R2.3m worth of stock

Full year 2020 earnings released: EPS R1.13 (vs R13.55 in FY 2019)

Hudaco Industries Limited, Annual General Meeting, Mar 18, 2021

New 90-day high: R104

Upcoming Dividend of R4.10 Per Share

Full year 2020 earnings released: EPS R1.14 (vs R13.55 in FY 2019)

New 90-day high: R92.50

Hudaco Industries Limited to Report Q4, 2020 Results on Jan 29, 2021

New 90-day high: R88.93

New 90-day high: R74.89

Hudaco Industries Limited Announces Resignation of Reana Van Zyl as Company Secretary, with Effect from 4 December 2020

An undisclosed buyer acquired unknown stake in Hudaco Industries Limited (JSE:HDC) from PSG Asset Management (Pty) Ltd.

Hudaco Industries Limited to Report First Half, 2020 Results on Jun 26, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age