Michael L. Elich has been the CEO of Barrett Business Services, Inc. (BBSI) since 2011. He joined the company in 2001, bringing more than two decades of experience in management and business development. Before becoming CEO, he served as the...

Michael L. Elich has been the CEO of Barrett Business Services, Inc. (BBSI) since 2011. He joined the company in 2001, bringing more than two decades of experience in management and business development. Before becoming CEO, he served as the Vice President and Chief Operating Officer. Michael has seen significant changes at BBSI, particularly in its growth strategy and operational efficiency. His leadership has been marked by navigating the complexities of the staffing industry and maintaining compliance with various regulations. Under his guidance, the company has adapted to shifts in the market and regulatory environment, particularly in California and Oregon, where it primarily operates. Elich also has a background in staffing services through his previous role at Skills Resource Training Center, which BBSI acquired in 2004. He holds about 14% ownership in Skills Resource Training Center, highlighting his commitment to the industry. Michael's compensation reflects his strong performance metrics, earning a total of $470,000 in 2020, which includes a salary and a performance-based bonus. His ability to steer BBSI through challenging times, coupled with his hands-on experience in the sector, positions him as a critical figure in the company's ongoing success.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Barrett Business Services CEOs

B

Michael L. Elich

Ex-CEO of Barrett Business Services

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1979 - 46 years ago

CEO of Barrett Business Services for

9 years 2 months (Jan 2011 - Mar 2020)

Previous Experience

Executive Vice President and Chief Operating Officer of Skills Resource Training Center

Rivals

Competitors/colleagues of Michael L. Elich

P

John B. Gibson

CEO of Paychex

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$844.88K

Other

$17.81K

Total Holdings

$16.48M

Holdings

See how much did Michael L. Elich make over time.

Michael L. Elich's holdings reflect a significant connection to Barrett Business Services, where he has been CEO since 2011. He previously owned about 14% of Skills Resource Training Center, which was acquired by BBSI in 2004. His wealth in company...

Michael L. Elich's holdings reflect a significant connection to Barrett Business Services, where he has been CEO since 2011. He previously owned about 14% of Skills Resource Training Center, which was acquired by BBSI in 2004. His wealth in company stock has fluctuated significantly over the years, particularly between 2019 and 2020, when values hovered around $10.79 million to $5.52 million, an indication of market volatility. As of late 2024, Elich’s insider trading shows consistent levels of engagement, suggesting confidence in the company. He has strategically sold portions of his holdings, with values reaching as high as $17.89 million in 2024. This active portfolio management demonstrates his commitment to realizing value while navigating the dynamic landscape of the staffing industry.

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Total Stock Sold

$4.38M

BBSI

$4.38M

278,040 BBSI shares

What if they kept their stock?

If Michael L. Elich didn't sell their stock, today they would have:
Extra BBSI278,040 shares worth $3.74M.
This is -14.58% and $639.11K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael L. Elich.

BBSI

6,203 shares

BBSI

Feb 24, 2020

Received

BBSI

$1.59M

BBSI at $93.81/share

Nov 6, 2019

Sale

BBSI

1,857 shares

BBSI

Feb 25, 2019

Received

BBSI

210 shares

BBSI

Jul 1, 2019

Inheritance

BBSI

$210.42K

BBSI at $57.65/share

Jul 1, 2017

Sale

BBSI

$149.22K

BBSI at $24.07/share

Nov 4, 2014

Purchase

BBSI

$2.59M

BBSI at $53.03/share

Apr 30, 2013

Sale

Compensation History

See how much did Michael L. Elich make over time.

In 2020, Michael L. Elich received a total compensation package of $470,000, which included a salary of $400,000 and a performance-based bonus of $50,000. His compensation reflects BBSI's strong focus on aligning executive pay with the company's performance metrics, such as revenue growth and profitability. In previous years, his total compensation peaked in 2017 at $2.3 million, primarily due to a significant vesting of restricted stock units valued at approximately $1.4 million. The company's compensation philosophy aims to retain top talent, which has led to bonus structures based on various financial achievements, ensuring that leaders like Elich are rewarded for driving growth over the long term.

Year

2020

Total Compensation

$770.00K

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align executive pay with company performance, using a mix of fixed and variable compensation to retain top talent and drive long-term growth.

Bonus

$50.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and profitability for the year 2020.

Other

$20.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2020.

Restricted Stock

$300.00K(10K RSU)

Board Justification

The stock that vested in 2020 was part of a long-term incentive plan based on performance targets set in prior years.

Performance Metrics

Performance metrics include revenue targets, EBITDA margins, and overall company profitability.

Other Barrett Business Services CEOs

Here are other CEOs of Barrett Business Services

Gary E. Kramer

CEO of Barrett Business Services

March 2020 - Present