Fan favourite iAnthus Capital Holdings (CSE: IAN) this afternoon filed on Sedar its statement of executive compensation for 2019. The short of it, is that given the financial performance of the company from January 1, 2019 through to now, investors aren’t likely to be satisfied with what was contained within.
The filing reveals specifically how many each executive of the company was compensated for the period of January 1, 2019, through to December 31, 2019. While certain members may no longer be with the company as of today, the filing requires their compensation to still be revealed for the time period regardless of their current employment status. However, titles may be slightly shifted as the titles filed within represent the current status of their employment.
Without further ado, here’s the compensation as filed for the 2019 fiscal year for iAnthus Capital.
|Name / Position||Salary (incl. all related fees)||Bonus||Committee / Meeting Fees||Total|
|Randy Maslow / Interim CEO, President, Director||400,000||200,000||600,000|
|Hadley Ford / Former CEO, Director||250,000||200,000||450,000|
|Julius Kalcevich / CFO, Former Director||250,000||200,000||450,000|
|Elizabeth Stavola / Former CSO, Director||252,885.60||150,000||402,885.60|
|Robert Galvin / Interim COO, Former Director||215,543.96||150,000||365,543.96|
|Robert Whelan, Jr / Director||3,383.56||3,383.56|
|Diane Ellis / Director||2,849.32||2,849.32|
|Michael Muldowney / Director||2,849.32||2,849.32|
|Joy Chen / Director||3,383.56||3,383.56|
|Mark Dowley / Former Director||3,383.56||3,383.56|
|Robert Petch / Former Director||33,333||33,333|
|Paul Rosen / Former Director||24,000||24,000|
|Dr Richard Boxer / Former Director||201,922.98||108,750||10,000||329,672.98|
All told iAnthus saw its former and current executives compensated a total of $2.34 million during the fiscal year. And this doesn’t take into account compensation options that were issued – such as the options that were cancelled and reissued at a lower price – however, with the lowest priced options being issued at $1.63 per share for the executives, it’s unlikely that anyone will likely make any money off of that paper.
Not a bad take, considering the financial and equity performance exhibited by the company over the same time period.
Information for this briefing was found via Sedar and iAnthus Capital Holdings Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.