The Shyft Group, Inc. (SHYF)

12.65 +0.13 (+1.04%) As of 12:27PM EDT. Market open.

The Shyft Group, Inc.

41280 Bridge Street
Novi, MI 48375
United States
517 543 6400
https://www.theshyftgroup.com

Sector(s): Industrials
Industry: Farm & Heavy Construction Machinery
Full-time employees: 2,670

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John A. Dunn	President, CEO & Director	1.17M	N/A	1967
Mr. Jonathan C. Douyard	Chief Financial Officer	684.78k	N/A	1980
Mr. Joshua Alan Sherbin	Chief Legal Officer, Chief Compliance Officer & Corporate Secretary	609.41k	N/A	1963
Mr. Colin E. Hindman	Chief Human Resources Officer	521.77k	N/A	1974
Mr. Daryl M. Adams	Advisor	1.35M	N/A	1962
Mr. Jacob Farmer	President of Fleet Vehicles & Services	499k	N/A	1978
Mr. Scott Matthew Ocholik	VP, Chief Accounting Officer & Corporate Controller	N/A	N/A	1973
Mr. Andrew Anderson	Chief Information Officer	N/A	N/A	N/A
Mr. Randy Wilson	VP of Investor Relations & Group Treasurer	N/A	N/A	N/A
Mr. Todd S. Fierro	President of Emergency Response	N/A	N/A	1964

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The Shyft Group, Inc. engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment provides diesel motor home chassis; and truck bodies under the Royal Truck Body and DuraMag brands. The segment also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. It sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.

Corporate governance

The Shyft Group, Inc.’s ISS governance QualityScore as of 1 May 2024 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.