The Urgent Need for Change and The Superior Path Forward
CEO CRAIG BRAM HAS FAILED TO DELIVER TANGIBLE
RESULTS DURING HIS LONG TENURE AT SYNALLOY
Before Mr. Bram took over in 2011, the Company, though smaller, was managed
much more efficiently and generated real income for stockholders
PRIVET
FUND
Category
UPG
STRONGER TOGETHER
Revenue
SG&A
SG&A Margin
Net Income
Net Income Margin
CEO Compensation
Average
2006-2010
1. Source: Company filings
$141.8 million
$9.4 million
6.6%
$5.6 million
3.9%
$479,200
Average
2011-2019
$200.3 million
$20.6 million
10.3%
$1.8 million
0.9%
01. 02. 03. 04. 05.
$965,900
When comparing Synalloy's results over the last decade, which may go down as one
of the largest economic expansions of all time, against the prior five year period
that includes the "Great Recession," it is ASTOUNDING that Mr. Bram has produced
SO LITTLE for stockholders while earning more than double the compensation of the
Company's previous CEO
Meaningful Change is
Required at Synalloy
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