Michael C. Dennison is the CEO of Fox Factory Holding Corp., a company he joined in 2018 as a director before stepping up as CEO in 2019. He holds a strong background in consumer technology and business management, having previously...

Michael C. Dennison is the CEO of Fox Factory Holding Corp., a company he joined in 2018 as a director before stepping up as CEO in 2019. He holds a strong background in consumer technology and business management, having previously led teams at Flex Ltd., where he focused on strategy and growth. His journey at Flex started in 1999, and he held roles all the way to President of the Consumer Technologies Group. Dennison leads with an analytical mind, focusing on metrics that matter, like revenue growth and profit margins, to drive the company forward. He earned a Bachelor's degree from Oregon State University and has experience in managing global supply chains and product development, which are crucial for a company that designs high-performance products. In 2023, he earned a total compensation of $675,000, reflecting his alignment with company performance. His approach combines business savvy with hands-on experience in technology, making him a versatile leader in the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Fox Factory Holding Corp. CEOs

F

Michael C. Dennison

CEO of Fox Factory Holding Corp.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1968 - 57 years ago

CEO of Fox Factory Holding Corp. for

5 years 11 months (Jun 2019 - Present)

Previous Experience

President of the Consumer Technologies Group at Flex Ltd.

Rivals

Competitors/colleagues of Michael C. Dennison

Holdings

See how much did Michael C. Dennison make over time.

As of now, Michael Dennison holds significant shares in Fox Factory Holding Corp. He has seen his wealth fluctuate greatly, highlighted in 2022 when his total compensation reached $1.7 million, supported by a stock compensation package that reflects the company's...

As of now, Michael Dennison holds significant shares in Fox Factory Holding Corp. He has seen his wealth fluctuate greatly, highlighted in 2022 when his total compensation reached $1.7 million, supported by a stock compensation package that reflects the company's performance. In 2023, his compensation dropped to $675,000, indicating a shift in either company performance or restructuring in compensation strategy. Despite variations, his commitment to the company remains steady, underlined by substantial vested stock units over the years. His prior roles garnered him expertise and trust among investors, solidifying his position within the company and the industry. Throughout his tenure, he has navigated the company through challenging market conditions, showcasing a solid belief in the potential of Fox Factory stocks and its innovative products.

Total Stock Sold

$5.55M

FOXF

$5.55M

44,800 FOXF shares

What if they kept their stock?

If Michael C. Dennison didn't sell their stock, today they would have:
Extra FOXF44,800 shares worth $3.61M.
This is -34.95% and $1.94M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael C. Dennison.

FOXF

$198.91K

FOXF at $41.44/share

Aug 6, 2024

Purchase

FOXF

$498.37K

FOXF at $44.30/share

Jun 10, 2024

Purchase

FOXF

51,364 shares

FOXF

Feb 27, 2024

Received

FOXF

15,760 shares

FOXF

Feb 21, 2024

Received

FOXF

$1.04M

FOXF at $114.00/share

Aug 10, 2023

Sale

FOXF

21,005 shares

FOXF

Mar 1, 2023

Received

FOXF

13,790 shares

FOXF

Feb 21, 2023

Received

FOXF

$862.50K

FOXF at $115.00/share

Jan 27, 2023

Sale

FOXF

$825.00K

FOXF at $110.00/share

Dec 1, 2022

Sale

FOXF

18,611 shares

FOXF

Feb 22, 2022

Received

Compensation History

See how much did Michael C. Dennison make over time.

In 2023, Michael Dennison received a total compensation package of $675,000 at Fox Factory Holding Corp. This includes a base salary of $500,000 and a performance-based cash bonus of $150,000. Notably, he also received $800,000 from vested stock units, aligning his earnings with the company’s success. His compensation revealed that the company values performance when determining payouts, as emphasized in their philosophy, which ties executive pay to achieving specific revenue and profitability targets. This approach illustrates Dennison's role in driving the company's agenda and his commitment to shareholder interests. Previous years saw higher earnings, peaking at $1.7 million in 2022, showcasing a progressive trajectory in his earnings as he advanced through his leadership roles within the company.

Year

2023

Total Compensation

$1.48M

Salary

$500.00K

Board Justification

The company's compensation philosophy emphasizes aligning executive pay with performance metrics and shareholder interests, ensuring competitive compensation to attract and retain top talent.

Bonus

$150.00K

Board Justification

The bonus is based on the company's performance metrics, including revenue growth and EBITDA targets, paid out in cash in 2023.

Other

$25.00K

Board Justification

Other compensation includes health benefits, retirement contributions, and perquisites provided to the CEO.

Restricted Stock

$800.00K(20K RSU)

Board Justification

The vested stock consists of restricted stock units (RSUs) that were granted in prior years and vested in 2023, reflecting the company's performance during the fiscal year.

Performance Metrics

Performance metrics for determining compensation include revenue growth, EBITDA targets, and overall company performance relative to peers.

Other Fox Factory Holding Corp. CEOs

Here are other CEOs of Fox Factory Holding Corp.

Larry L. Enterline

Ex-CEO of Fox Factory Holding Corp.

September 2014 - June 2019

Dennis C. Schemm

CEO of Fox Factory Holding Corp.

June 2023 - Present