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LOS ANGELES, CA - MediaAlpha, Inc. (NYSE:MAX), a company specializing in business services with a market capitalization of $851 million, announced changes to its executive compensation agreements on Monday. According to InvestingPro data, the company has demonstrated strong revenue growth of 72% over the last twelve months. The amendments, approved by the company’s Compensation Committee on February 4, 2025, involve adjustments to the pay structure for two of its top executives.
According to the SEC filing, Steven Yi, the company’s executive, will now participate in the annual cash incentive plan tailored for MediaAlpha’s executives starting with bonuses for fiscal year 2025. This marks a shift from the previous arrangement where Yi received performance-vesting restricted stock units that mirrored the terms of the annual cash incentive plan.
Eugene Nonko, the outgoing Chief Technology Officer who is set to retire on June 30, 2025, will not be awarded performance-vesting restricted stock units for the year 2025. The details of these amendments have been outlined in the full text of the agreements, which were filed as exhibits with the SEC.
This move comes as MediaAlpha continues to refine its compensation strategy to align with the company’s performance and executive accountability. The changes in the compensation structure reflect the company’s ongoing adjustments to its corporate governance policies. InvestingPro analysis shows the company’s stock has gained nearly 12% in the past week, while maintaining a healthy current ratio of 1.22, indicating strong liquidity position.
The information regarding these amendments is based on the latest 8-K filing by MediaAlpha with the Securities and Exchange Commission. The company, headquartered in Los Angeles, operates under the business services sector and is incorporated in Delaware. Investors should note that MediaAlpha is scheduled to report its next earnings on February 20, 2025, with analysts maintaining a bullish outlook. For deeper insights into MediaAlpha’s financial health and detailed analysis, check out the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, MediaAlpha, Inc. has seen noteworthy developments. The company’s Chief Technology Officer, Eugene Nonko, who had previously planned to resign in December 2024, has extended his tenure until June 2025, following a mutual agreement with the company. This adjustment in leadership was disclosed in a recent filing with the Securities and Exchange Commission.
In addition to this, MediaAlpha’s stock target was adjusted by Keefe, Bruyette & Woods, reducing it to $22 from the previous $26, while maintaining an Outperform rating. The analyst cited the strength of the Property & Casualty sector as a positive factor, despite potential negative effects of a Federal Trade Commission complaint against MediaAlpha’s Health business.
RBC Capital Markets also revised its outlook on MediaAlpha, reducing the price target to $20 from $23. Despite ongoing concerns regarding a Federal Trade Commission settlement, the firm’s fundamentals were noted as strong, and the Outperform rating was retained. These are some of the recent developments that have taken place in the company.
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