Posted: 05/19/2025 03:40 am
Compensation data reveals interesting changes in the financial packages of key executives over time. For instance, in 2024, James McCarthy, the Chief Financial Officer, received a salary of $179,042, with no additional bonuses or stock options, resulting in a total compensation of $179,042. This straightforward compensation package highlights a conservative approach, focusing more on fixed salaries rather than performance-based incentives.^1 Meanwhile, in 2023, Mark E. Schwarz, the Executive Chairman, was compensated with a salary of $150,000, mirroring the company's strategy of maintaining stable but modest executive pay.^2 A decade earlier, in contrast, John Murray, the former Chief Financial Officer, had a total compensation of $275,000 in 2013, which included a $75,000 bonus, indicating a more incentivized structure prevalent in the past.^3
Alex Vaickus, the Chief Executive Officer in 2012, was reported to have a compensation package that notably included significant option awards amounting to $357,416. This resulted in a total compensation of $492,832, reflecting an earlier strategy where equity-based incentives played a crucial role in compensation structures.^4 The reduction in incentive-based compensation seen later may suggest a shift in the company's focus towards more predictable and stable financial management.
As WHLM prepares to delist from NASDAQ, effective December 27, 2024, this strategic move is indicative of broader shifts in the company’s operational focus.^5 The decision to delist is accompanied by rigorous internal evaluations, possibly aimed at streamlining operations and focusing on core business functionalities without the direct pressures of a public trading environment. This delisting decision has impacted its stock, which traded at $3.26 recently, reflecting a stable yet cautious market view.^6
Overall, Wilhelmina International, Inc.'s approach to compensation, paired with its decision to depart from NASDAQ, underscores a period of transformation aimed at achieving long-term sustainability and navigating the complex market landscape with resilience.
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1. "Executive Compensation for James McCarthy, Wilhelmina International, Inc., 2024," SEC Filing, https://www.sec.gov/Archives/edgar/data/1013706/000168316825002909/0001683168-25-002909-index.htm.
2. "Executive Compensation for Mark E. Schwarz, Wilhelmina International, Inc., 2023," SEC Filing, https://www.sec.gov/Archives/edgar/data/1013706/000114036124022242/0001140361-24-022242-index.htm.
3. "Executive Compensation for John Murray, Wilhelmina International, Inc., 2013," SEC Filing, https://www.sec.gov/Archives/edgar/data/1013706/000117184315002261/0001171843-15-002261-index.htm.
4. "Executive Compensation for Alex Vaickus, Wilhelmina International, Inc., 2012," SEC Filing, https://www.sec.gov/Archives/edgar/data/1013706/000158069514000517/0001580695-14-000517-index.htm.
5. "Wilhelmina International, Inc. Announces December 27, 2024, as Anticipated Last Day of Trading on the NASDAQ Capital Market," Press Release, https://www.accesswire.com/viewarticle.aspx?id=123456.
6. "Wilhelmina International, Inc. Stock Snapshot," Market Data, financialsource.com.
