Chris Homeister joined Tile Shop Holdings, Inc. as Chief Operating Officer in October 2013 and became the CEO in January 2015. With an MBA from the University of Notre Dame and a Bachelor's in Finance from the University of Iowa,...

Chris Homeister joined Tile Shop Holdings, Inc. as Chief Operating Officer in October 2013 and became the CEO in January 2015. With an MBA from the University of Notre Dame and a Bachelor's in Finance from the University of Iowa, he brings a solid educational background to his role. Before Tile Shop, he founded Homeister Ventures LLC, consulting for firms in private equity and retail. He also held top positions at Best Buy, where he managed their Entertainment Business Group and digital merchandising strategies. During his time as CEO, Chris' compensation peaked at over $1.4 million in 2016, demonstrating the challenging environment he navigated. Despite some setbacks, like not hitting performance targets in 2017, his leadership impacted the company's direction significantly. He left the company in late 2017, marking the end of a crucial chapter for Tile Shop.

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4. Compensation History

5. Other Tile Shop Holdings CEOs

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Chris Homeister

Ex-CEO of Tile Shop Holdings

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

CEO of Tile Shop Holdings for

4 years 1 month (Sep 2013 - Oct 2017)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Chris Homeister

Holdings

See how much did Chris Homeister make over time.

As CEO, Chris Homeister's financial footprint at Tile Shop was significant, with his holdings in company stock fluctuating during his tenure. He entered the company with an aggressive equity strategy, obtaining options and restricted stock that became valuable over time....

As CEO, Chris Homeister's financial footprint at Tile Shop was significant, with his holdings in company stock fluctuating during his tenure. He entered the company with an aggressive equity strategy, obtaining options and restricted stock that became valuable over time. By 2016, his total compensation had surged to approximately $1.44 million, primarily through stock options that were designed to escalate as company performance improved. However, by 2017, he faced a challenging year, receiving no cash incentive due to unmet performance metrics. Following his departure, his stakes were repurchased as part of the company's restructuring efforts, highlighting the volatility inherent in executive compensation linked to company performance.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Chris Homeister make over time.

Chris Homeister's compensation at Tile Shop Holdings reflected his role and the company's performance. In his first full year as CEO, he earned about $1.4 million, which included a base salary of $456,250, substantial stock options worth $301,855, and a bonus based on the company meeting financial targets. However, in 2017, he faced a downturn, ultimately netting around $1.3 million but missing out on bonuses, as the company's performance did not meet expectations. His total compensation included various components, like stock awards that vested over time, illustrating the blend of short-term versus long-term incentives designed to align his interests with those of shareholders.

Year

2017

Total Compensation

$1.13M

Salary

$500.00K

Board Justification

The compensation philosophy aims to align compensation incentives with corporate strategies, motivate and retain executives, and ensure total compensation is fair and competitive.

Bonus

$0.00

Board Justification

For fiscal year 2017, Mr. Homeister was eligible to earn target cash incentive compensation equal to 75% of his year-end base salary based on Adjusted EBITDA, but no cash incentive compensation was earned as the target was not met.

Other

$403.16K

Board Justification

This includes $253,647 of continued payment of six months of base salary and company-contributed health insurance costs, $122,739 of acceleration of vesting of options to purchase 30,000 shares, $18,268 of a one-time payout of accrued vacation, and $8,505 of employer 401(k) contributions.

Restricted Stock

$226.19K(15.75K RSU)

Board Justification

15,750 shares of restricted stock vested during the fiscal year 2017, with a total value of $226,188.

Performance Metrics

The performance metrics for the cash incentive compensation were based on achieving Adjusted EBITDA targets.

Other Tile Shop Holdings CEOs

Here are other CEOs of Tile Shop Holdings

Robert Rucker

Founder and Ex-CEO of Tile Shop Holdings

October 2017 - January 2019