In This Article:
Key Insights
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MIND C.T.I to hold its Annual General Meeting on 6th of May
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CEO Eisinger Iancu's total compensation includes salary of US$240.0k
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The overall pay is comparable to the industry average
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MIND C.T.I's EPS declined by 1.8% over the past three years while total shareholder loss over the past three years was 14%
The results at MIND C.T.I. Ltd (NASDAQ:MNDO) have been quite disappointing recently and CEO Eisinger Iancu bears some responsibility for this. At the upcoming AGM on 6th of May, shareholders can hear from the board including their plans for turning around performance. It would also be an opportunity for shareholders to influence management through voting on company resolutions such as executive remuneration, which could impact the firm significantly. From our analysis, we think CEO compensation may need a review in light of the recent performance.
View our latest analysis for MIND C.T.I
How Does Total Compensation For Eisinger Iancu Compare With Other Companies In The Industry?
According to our data, MIND C.T.I. Ltd has a market capitalization of US$38m, and paid its CEO total annual compensation worth US$534k over the year to December 2023. This means that the compensation hasn't changed much from last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$240k.
On comparing similar-sized companies in the American Software industry with market capitalizations below US$200m, we found that the median total CEO compensation was US$534k. This suggests that MIND C.T.I remunerates its CEO largely in line with the industry average. What's more, Eisinger Iancu holds US$5.9m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | US$240k | US$240k | 45% |
| Other | US$294k | US$298k | 55% |
| Total Compensation | US$534k | US$538k | 100% |
On an industry level, roughly 20% of total compensation represents salary and 80% is other remuneration. MIND C.T.I is paying a higher share of its remuneration through a salary in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
MIND C.T.I. Ltd's Growth
Over the last three years, MIND C.T.I. Ltd has shrunk its earnings per share by 1.8% per year. In the last year, its revenue changed by just 0.3%.
Its a bit disappointing to see that the company has failed to grow its EPS. And the flat revenue is seriously uninspiring. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.