Companies Associated Capital Group, Inc.
Associated Capital (AC): executive pay, fiscal 2024
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CEO pay, last three years
- $425,700FY2024
CEO total pay was $425,700 in fiscal 2024; the brief holds no earlier figure for this CEO.
FY2024: salary $215,000 · bonus $25,000 · stock awards $85,700 · option awards $0
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Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Mario Gabelli | $0 | $0 | $0 | $0 | $0 | $0 | $4,412,611 | $4,412,611 |
| Executive Chair (a) | ||||||||
| Douglas Jamieson | 500,000 | 800,000 | 342,800 | 0 | 0 | 0 | 195,119 | 1,837,919 |
| Former Chief Executive Officer and President (d) | ||||||||
| Ian McAdams | 350,000 | 125,000 | 137,120 | 0 | 0 | 0 | 55,000 | 667,120 |
| Chief Financial Officer | ||||||||
| Patrick Huvane | 215,000 | 25,000 | 85,700 | 0 | 0 | 0 | 100,000 | 425,700 |
| Interim Chief Executive Officer (from March 17, 2025) (b) | ||||||||
| Peter Goldstein | 250,000 | 25,000 | 85,700 | 0 | 0 | 0 | 1,852 | 362,552 |
| Senior Vice President, Chief Legal Officer and Secretary (c) | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Mario Gabelli | $4,412,611 | — | — | — |
| Douglas Jamieson | 1,837,919 | — | — | — |
| Ian McAdams | 667,120 | — | — | — |
| Patrick Huvane | 425,700 | — | — | — |
| Peter Goldstein | 362,552 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Compensation Committee believes the PEO's base salary reflects the value of the executive position and attributes the PEO brings to the Company, including tenure, experience, skill level and performance. Bonus payments are not tied to any financial performance measure and are discretionary based on the evaluation of each individual's performance, change in responsibilities and their potential to contribute to the success of the Company.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Patrick Huvane | RSU | 1 | — | $200,880 |
| Peter Goldstein | RSU | 1 | — | 364,144 |
| Ian McAdams | RSU | 1 | — | 457,500 |
| Douglas Jamieson | RSU | 1 | — | 457,500 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Salvatore F. SodanoIndependent · Audit (Chair) | $120,000 | $0 | $0 | — | — | $120,000 |
| Frederic V. SalernoIndependent · Lead Independent Director · Audit · Governance · Compensation (Chair) · Nominating | 112,000 | 0 | 0 | — | — | 112,000 |
| Bruce M. LismanIndependent · Audit · Governance (Chair) | 112,000 | 0 | 0 | — | — | 112,000 |
| Richard T. PrinsIndependent | 80,000 | 0 | 0 | — | — | 80,000 |
| Elisa M. WilsonIndependent · Nominating (Chair) | 80,000 | 0 | 0 | — | — | 80,000 |
| Daniel R. LeeIndependent · Compensation · Governance | 80,000 | 0 | 0 | — | — | 80,000 |
| Marc GabelliNot independent | 80,000 | 0 | 0 | — | — | 80,000 |
| Douglas R. JamiesonEmployee director | — | — | — | — | — | 0 |
| Mario J. GabelliEmployee director | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 12,000 / 12,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $664,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $664,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Associated Capital as a peer
Companies that benchmark against AC
1 company names AC as a compensation peer
- MYR GROUP INC.MYRGFY2025
Each company listed discloses AC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Associated Capital Group, Inc. | 2024 | Patrick Huvane | $215,000 | $85,700 | $0 | $0 | $425,700 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-04 | 186,239,152 | 25,921 | 4,628 | 99.99% | Passed |
| 2022 | 2022-06-03 | 189,805,966 | 80,989 | 87,259 | 99.96% | Passed |
| 2020 | 2020-05-05 | 190,900,226 | 138,577 | 661,137 | 99.58% | Passed |
| 2019 | 2019-05-07 | — | — | — | — | — |
| 2018 | 2018-05-08 | 187,587,973 | 155,065 | 5,086 | 99.92% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-06-04 | 99.99%a |
| 2022 | 2022-06-03 | 99.96%b |
| 2020 | 2020-05-05 | 99.58%c |
a. Approved under the standard stated in the filing — “Abstentions, if any, will have the same effect as a vote against this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions, if any, will have the same effect as a vote against this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions, if any, will have the same effect as a vote against this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (19 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Mario Gabelli. DEF 14A, filed 2025-04-28. Section “Executive Compensation”. As printed: 4,412,611. View filing ↗
- Section 01, Douglas Jamieson. DEF 14A, filed 2025-04-28. Section “Executive Compensation”. As printed: 1,837,919. View filing ↗
- Section 01, Ian McAdams. DEF 14A, filed 2025-04-28. Section “Executive Compensation”. As printed: 667,120. View filing ↗
- Section 01, Patrick Huvane. DEF 14A, filed 2025-04-28. Section “Executive Compensation”. As printed: 425,700. View filing ↗
- Section 01, Peter Goldstein. DEF 14A, filed 2025-04-28. Section “Executive Compensation”. As printed: 362,552. View filing ↗
- Section 08, Salvatore F. Sodano. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 120,000. View filing ↗
- Section 08, Frederic V. Salerno. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 112,000. View filing ↗
- Section 08, Bruce M. Lisman. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 112,000. View filing ↗
- Section 08, Richard T. Prins. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, Elisa M. Wilson. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, Daniel R. Lee. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, Marc Gabelli. DEF 14A, filed 2025-04-28. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, Douglas R. Jamieson. DEF 14A. Section “Director Compensation”. As printed: 0.
- Section 08, Mario J. Gabelli. DEF 14A. Section “Director Compensation”. As printed: —.
- Section 06, 2024 vote. Form 8-K, filed 2024-06-05. Item 5.07 · say-on-pay result. As reported: 99.99% (votes for as printed: 186,239,152). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-06-07. Item 5.07 · say-on-pay result. As reported: 99.96% (votes for as printed: 189,805,966). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-05-08. Item 5.07 · say-on-pay result. As reported: 99.58% (votes for as printed: 190,900,226). View filing ↗
- Section 09b board cost (computed). Computed. Cash 664,000 + equity 0 + all other 0 = 664,000, summed across the director compensation table rows.
- Associated Capital Group, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-04-28. CEO total compensation as printed in Associated Capital Group, Inc.'s own proxy. As printed: 425,700. View filing ↗