Daryl M. Adams is the former President and CEO of The Shyft Group, where he led the company from February 2015 until October 2023. He has a strong background in management and manufacturing, holding both a Master of Business Administration...

Daryl M. Adams is the former President and CEO of The Shyft Group, where he led the company from February 2015 until October 2023. He has a strong background in management and manufacturing, holding both a Master of Business Administration from Michigan State University and a Bachelor of Science in Industrial Management from Lawrence Institute of Technology. Before his role at The Shyft Group, he was the CEO of Midway Products Group, an automotive supplier. Daryl has also worked for Lear Corporation for 17 years, taking on senior roles in both North America and Europe. During his time at The Shyft Group, Daryl made significant contributions to the company, overseeing growth and making strategic decisions that helped shape its direction. He also served on several boards, contributing to his commitment to skilled trades education and business leadership in Michigan.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other The Shyft Group CEOs

T

Daryl M. Adams

Ex-CEO of The Shyft Group

Education

Masters in Business Administration from Michigan State University; Bachelor of Science in Industrial Management and Manufacturing from Lawrence Institute of Technology

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1962 - 63 years ago

CEO of The Shyft Group for

8 years 8 months (Feb 2015 - Oct 2023)

Previous Experience

Chief Operating Officer of The Shyft Group, Inc.; Chief Executive Officer of Midway Products Group; various management positions at Lear Corporation

Rivals

Competitors/colleagues of Daryl M. Adams

Holdings

See how much did Daryl M. Adams make over time.

Daryl Adams has been actively involved in The Shyft Group's stock ownership, with his holdings reflecting his commitment to the company. At one point in early 2021, his wealth was tied up in the company's stock, valued around $17.15 million....

Daryl Adams has been actively involved in The Shyft Group's stock ownership, with his holdings reflecting his commitment to the company. At one point in early 2021, his wealth was tied up in the company's stock, valued around $17.15 million. Over time, his holdings have fluctuated, indicating a progressive approach to managing his wealth as he directed the company. By December 2022, his stock was valued around $14 million, showcasing his persistent investment in The Shyft Group. His stock holdings peaked again at about $25.96 million in February 2023, underscoring his influential position as CEO during this period. Despite fluctuations, he maintained a significant ownership stake, symbolizing confidence in the company’s future.

Mar 11, 2025

S

shares

SHYF @ $8.89

Total Stock Sold

$7.15M

SHYF

$7.15M

180,000 SHYF shares

What if they kept their stock?

If Daryl M. Adams didn't sell their stock, today they would have:
Extra SHYF180,000 shares worth $2.93M.
This is -58.98% and $4.22M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Daryl M. Adams.

SHYF

145,569 shares

SHYF

Feb 16, 2023

Received

SHYF

16,937 shares

SHYF

Mar 30, 2022

Received

SHYF

223,234 shares

SHYF

Feb 25, 2022

Received

SHYF

$706.88K

SHYF at $47.13/share

Dec 15, 2021

Sale

SHYF

$772.50K

SHYF at $51.50/share

Nov 15, 2021

Sale

SHYF

$575.22K

SHYF at $38.35/share

Oct 15, 2021

Sale

SHYF

$632.78K

SHYF at $42.19/share

Sep 15, 2021

Sale

SHYF

$629.67K

SHYF at $41.98/share

Aug 16, 2021

Sale

SHYF

$575.00K

SHYF at $38.33/share

Jul 15, 2021

Sale

SHYF

$554.77K

SHYF at $36.98/share

Jun 15, 2021

Sale

Compensation History

See how much did Daryl M. Adams make over time.

Daryl M. Adams earned a total compensation of about $3.7 million in 2022, which included his salary, bonuses, and stock options. That year he had a base salary of $818,173 and received a bonus of $253,500 based on the company's performance. His compensation was designed to align his interests with shareholders, reflecting the company's financial success and operational goals. Notably, in 2023, his total compensation was lower due to his planned transition, amounting to around $375,905 as he prepared to step down as CEO. The pay aim was to reward performance and retain strong leadership, along with a compensation philosophy that prioritized aligning management's financial success with shareholder value.

Year

2023

Total Compensation

$1.17M

Salary

$870.35K

Board Justification

The compensation philosophy is designed to attract and retain qualified management, align interests with shareholders, and reward performance based on annual and long-term goals.

Bonus

$0.00

Board Justification

Mr. Adams' annual incentive payment is prorated through the completion of his tenure as CEO on October 26, 2023, with a payout of 32% of target based on performance metrics.

Other

$70.86K

Board Justification

Includes club membership dues and reimbursement of legal fees incurred in connection with the Transition Agreement.

Restricted Stock

$225.58K(18.46K RSU)

Board Justification

These RSUs are expected to vest in full on April 25, 2024, the expected date of the termination of Mr. Adams’ employment.

Performance Metrics

The performance metrics for Mr. Adams included Company Adjusted EBITDA, Free Cash Flow, and individual management business objectives.

Other The Shyft Group CEOs

Here are other CEOs of The Shyft Group

John Dunn

CEO of The Shyft Group

October 2023 - Present