Sean Sullivan

CEO of Acushnet Holdings

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1973 - 52 years ago

Economy Sector

Consumer Cyclical

Current Tenure

1 year 9 months (Jun 2023 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of SiriusXM Holdings, Inc.; Executive Vice President and Chief Financial Officer of AMC Networks Inc.

Sean Sullivan is the CEO of Acushnet Holdings Corp., a leading company in the golf industry known for its brands like Titleist and FootJoy. With a strong background in finance, Sean took over as CEO on June 1, 2023, after serving as the Executive Vice President and CFO at SiriusXM. Before that, he was the CFO at AMC Networks. His experience spans various roles and companies, including HiT Entertainment and Cenveo. Sean’s compensation reflects his important role in the company, with a base salary of $675,000 and a potential bonus tied to the company’s performance. This shows that the company values performance-driven leadership. Interestingly, since starting at Acushnet, his compensation structure emphasizes results, aligning his goals with the company’s success. Sean is a strategic thinker who has overseen significant financial decisions in his previous positions, and now he aims to enhance Acushnet’s market presence while maintaining quality and innovation in their products.

Year

2023

Total Compensation

$1.75M

Salary

$675.00K

Board Justification

The compensation philosophy is to align executive compensation with company performance, attract and retain top talent, and ensure a significant portion of compensation is performance-based.

Bonus

$767.68K

Board Justification

The annual cash incentive is based on the Company's Adjusted EBITDA achieved for the fiscal year, with a target incentive set at 85% of base salary, resulting in a payout of 133.8% of the target due to performance.

Other

$305.97K

Board Justification

Other compensation includes 401(k) employer match, reimbursement for golf club initiation fees, golf club dues, relocation expenses, legal fees, and compensation for service on the Board prior to his appointment as CFO.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Sullivan was appointed on June 1, 2023, and the RSUs granted will vest in future years.

Performance Metrics

The performance metrics for the annual cash incentive are based on the Company's Adjusted EBITDA.

David E. Maher

Ex-CEO of Acushnet Holdings

January 2018 - June 2023