David-Jacques Farahi, at a young age, climbed the ranks in the hospitality industry, becoming the CEO of Monarch Casino & Resort, Inc. He studied hard, earning an MBA from Columbia Business School and a BA from Northwestern University. This strong...

Number of Employees

2.9K

Year

2021

Total Compensation

$3.33M

Salary

$750.00K

Board Justification

The compensation policies are designed to attract, motivate, and retain talented executive officers, aligning with the long-term interests of the Company’s stockholders.

Bonus

$1.28M

Board Justification

The bonus for 2021 was based on exceeding the Adjusted EBITDA target by 23%, with a target bonus percentage set at 20% of the annual salary.

Other

$30.26K

Board Justification

This amount reflects the annual cost of the Company-owned automobile, including insurance and registration.

Restricted Stock

$1.27M(1.27M restricted stock)

Board Justification

This amount reflects the dollar value of 15,000 shares of restricted Company’s stock, driven by the grant date closing price of the Company’s stock.

Performance Metrics

The performance metrics for the CEO's bonus were based on achieving the Adjusted EBITDA target.

SEC Filing

From April 1, 2022

David-Jacques Farahi

Ex-CEO of Monarch Casino & Resort

DF

Education

MBA from Columbia Business School; BA in Economics and International Studies from Northwestern University.

Field of Expertise

Other - Hospitality

Born

January 1, 1982 - 43 years ago

Is Founder?

No

Tenure

9 years 4 months (Apr 2012 - Sep 2021)

Previous Experience

Executive Director of Gaming Operations, Director of Investor Relations.