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Timothy R. Danker

Chief Executive Officer at SelectQuote
Board
Since 2017
Age
51 years
Education
Earned an undergraduate degree in business administration from the University of Missouri and a Master of Business Administration from the University of Kansas.
Tenure
Joined SLQT in 2012 as the President of the Auto & Home Division, later served as Executive Vice President and President of the Life Division, and has been CEO since 2017.

Also at SelectQuote

DAB
Daniel A. Boulware
General Counsel and Secretary
JBM
Joshua B. Matthews
President of SelectQuote's Senior Division
RG
Robert Grant
President of SelectQuote

About

Timothy R. Danker is 51 years old as of October 1, 2024. He holds an undergraduate degree in business administration from the University of Missouri and a Master of Business Administration from the University of Kansas.

He began his career at SLQT in 2012 as the President of the Auto & Home Division and has since progressed through several key leadership roles, including Executive Vice President and President of the Life Division, before assuming the role of Chief Executive Officer in 2017.

Throughout his tenure, he has contributed significantly to SLQT’s strategic development and operational success. His prior experience as CEO of Spring Venture Group further underscores his industry expertise and leadership acumen, making him a well-rounded executive with a strong track record of achievements.

$SLQT Performance Under Timothy R. Danker

Past Roles

OrganizationRoleDate RangeDetails
SelectQuote (SLQT) President of the Life Division 2016–2019 Former SLQT executive role
SelectQuote (SLQT) Executive Vice President of the Life Division 2015–2016 Former SLQT executive role
SelectQuote (SLQT) President of the Auto & Home Division 2012–2015 Former SLQT executive role
Spring Venture GroupChief Executive Officer2007–2012Co-founded the company

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$540,750 AnnuallyDetermined by the Compensation Committee with a 3% increase over the prior year.
Bonus$495 Annual holiday bonusPaid to all employees based on length of employment.
Stock Awards$1,566,000 Equity vesting (RSUs: 3 equal installments; PVUs: upon meeting price hurdles)RSUs: 800,000 shares at $2.00 per share vesting annually over three years; PVUs: 400,000 shares vesting at predetermined stock price targets.
All Other Compensation$11,840 Regular payroll/benefits cycleIncludes 401(k) contributions (matching 100% of the first 2% and potential 1% profit-sharing) and health/welfare benefits.

Performance Compensation

Data from  FY 2024

Performance Compensation Details for 2024

MetricDetails
Total Target Incentive$540,750 (100% of base salary)
Company Component$405,562 representing 75% of target incentive
Individual Component$135,188 representing 25% of target incentive
Company PerformanceAchieved 188% of target resulting in a payout of $762,863
Individual PerformanceAchieved 100% of target resulting in a payout of $135,188
Aggregate Payout$898,051 (166% of total target bonus)
Vesting ScheduleN/A – Cash-based annual payout; no vesting applies
Evaluation PeriodFiscal year with payout made in September 2024 following year-end earnings
Grant DateSeptember 2024 (date of payout)
Grant Date Fair ValueN/A – Not applicable for cash-based awards
Grant Date Stock PriceN/A – Not applicable for cash-based awards

Additional Information

  • The plan is structured to align individual performance with the Company's financial and business objectives.
  • The Company Component weight is 75% while the Individual Component is 25% of the total incentive package.
  • The actual performance results led to a significant excess payout over the targeted amounts.