Key Insights

• Pacific Nickel Mines to hold its Annual General Meeting on 29th of November

• CEO Geoff Hiller's total compensation includes salary of AU$348.0k

• Total compensation is similar to the industry average

• Pacific Nickel Mines' EPS grew by 133% over the past three years while total shareholder return over the past three years was 78%

We have been pretty impressed with the performance at Pacific Nickel Mines Limited (ASX:PNM) recently and CEO Geoff Hiller deserves a mention for their role in it. Shareholders will have this at the front of their minds in the upcoming AGM on 29th of November. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

Check out our latest analysis for Pacific Nickel Mines

Comparing Pacific Nickel Mines Limited's CEO Compensation With The Industry

At the time of writing, our data shows that Pacific Nickel Mines Limited has a market capitalization of AU$41m, and reported total annual CEO compensation of AU$373k for the year to June 2023. That is, the compensation was roughly the same as last year. We note that the salary portion, which stands at AU$348.0k constitutes the majority of total compensation received by the CEO.

In comparison with other companies in the Australian Metals and Mining industry with market capitalizations under AU$305m, the reported median total CEO compensation was AU$386k. This suggests that Pacific Nickel Mines remunerates its CEO largely in line with the industry average. Moreover, Geoff Hiller also holds AU$1.1m worth of Pacific Nickel Mines stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

Talking in terms of the industry, salary represented approximately 61% of total compensation out of all the companies we analyzed, while other remuneration made up 39% of the pie. It's interesting to note that Pacific Nickel Mines pays out a greater portion of remuneration through salary, compared to the industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

A Look at Pacific Nickel Mines Limited's Growth Numbers

Pacific Nickel Mines Limited's earnings per share (EPS) grew 133% per year over the last three years. Its revenue is up 93% over the last year.