Key Insights

• Thryv Holdings' Annual General Meeting to take place on 13th of June

• Salary of US$1.06m is part of CEO Joe Walsh's total remuneration

• Total compensation is similar to the industry average

• Thryv Holdings' EPS declined by 109% over the past three years while total shareholder loss over the past three years was 32%

The results at Thryv Holdings, Inc. (NASDAQ:THRY) have been quite disappointing recently and CEO Joe Walsh bears some responsibility for this. At the upcoming AGM on 13th of June, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. From our analysis, we think CEO compensation may need a review in light of the recent performance.

Check out our latest analysis for Thryv Holdings

How Does Total Compensation For Joe Walsh Compare With Other Companies In The Industry?

At the time of writing, our data shows that Thryv Holdings, Inc. has a market capitalization of US$748m, and reported total annual CEO compensation of US$5.8m for the year to December 2023. Notably, that's a decrease of 11% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at US$1.1m.

On comparing similar companies from the American Media industry with market caps ranging from US$400m to US$1.6b, we found that the median CEO total compensation was US$4.7m. So it looks like Thryv Holdings compensates Joe Walsh in line with the median for the industry. What's more, Joe Walsh holds US$43m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

On an industry level, around 19% of total compensation represents salary and 81% is other remuneration. Thryv Holdings is largely mirroring the industry average when it comes to the share a salary enjoys in overall compensation. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

Thryv Holdings, Inc.'s Growth

Thryv Holdings, Inc. has reduced its earnings per share by 109% a year over the last three years. In the last year, its revenue is down 21%.

Few shareholders would be pleased to read that EPS have declined. And the impression is worse when you consider revenue is down year-on-year. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Thryv Holdings, Inc. Been A Good Investment?

With a total shareholder return of -32% over three years, Thryv Holdings, Inc. shareholders would by and large be disappointed. This suggests it would be unwise for the company to pay the CEO too generously.

To Conclude...

Along with the business performing poorly, shareholders have suffered with poor share price returns on their investments, suggesting that there's little to no chance of them being in favor of a CEO pay raise. At the upcoming AGM, the board will get the chance to explain the steps it plans to take to improve business performance.

CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. That's why we did some digging and identified 1 warning sign for Thryv Holdings that you should be aware of before investing.

Important note: Thryv Holdings is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.