Elizabeth Lowery
About Elizabeth Lowery
Elizabeth Lowery (age 69) is an independent director of American Battery Technology Company (ABAT) serving since 2022, with a deep background in sustainability, corporate governance, and law. She is Senior Advisor, Sustainable Finance and ESG at ERM; previously Managing Director of Sustainability & ESG at TPG; and spent ~20 years at General Motors as Corporate Vice President, Environment, Energy & Safety Policy, Secretary to the GM Board’s Public Policy Committee, and General Counsel for GM North America. She holds a J.D. magna cum laude from Wayne State University and a B.B.A. from Eastern Michigan University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| General Motors Company | Corporate Vice President, Environment, Energy & Safety Policy; Secretary to GM Board Public Policy Committee; General Counsel, GM North America | ~20 years | Member of GM’s Senior Leadership Group; governance and public policy interface |
| TPG | Managing Director, Sustainability & ESG | Prior to ERM | Led ESG program development, strategy and deployment; portfolio company engagement; diligence support |
| LRN (GreenOrder) | Senior Knowledge Leader; Principal (GreenOrder) | Prior | Global enterprise sustainability strategy work |
| Honigman Miller Schwartz and Cohn | Partner | Prior | Legal practice |
| Michigan Supreme Court | Law Clerk to Justice G. Mennen Williams | Prior | Legal research and clerking |
External Roles
| Organization | Role | Status |
|---|---|---|
| ERM | Senior Advisor, Sustainable Finance & ESG | Current |
| GI Partners; Piva | Senior Executive Advisor | Current |
| Denali Water Solutions | Board Member | Current |
| Keter Environmental Services | Board Member | Current |
| Sagard Holdings | Board Member | Current |
| Caesars Entertainment CSR External Advisory Board | Member | Current |
| Corporate Eco Forum Advisory Board | Member | Current |
| World Environment Center; InForum Center for Leadership; Keystone Center; Alliance for Automobile Manufacturers | Non-profit board roles | Prior/service noted |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee member; Chair of Nominating & Corporate Governance Committee .
- Independence: Board determined Lowery is independent under Nasdaq listing standards; Board conducted both objective and subjective tests and found no relationships impairing judgment .
- Board structure and leadership: ABAT separates CEO and Chairman roles; Rick Fezell serves as Chairman and Lead Independent Director .
- Meetings and engagement: FY ended June 30, 2025—Board held 4 meetings; Audit Committee held 4; Compensation Committee held 4; Nominating Committee held 4 (company discloses meeting counts; individual attendance rates not specified) .
- Risk oversight: Board and committees oversee financial, cybersecurity, compensation risk, governance and related-party review; charters available on company site .
- Anti-hedging: Insider Trading Policy prohibits directors/officers/employees from engaging in derivatives that hedge Company equity exposures .
- Related-party transactions: Company policy requires review by Nominating or Audit chair; no Item 404(a) related-party transactions reported for Lowery .
Fixed Compensation
| Fiscal Year | Cash Fees ($) | Committee Chair Fees ($) | Notes |
|---|---|---|---|
| 2025 | 35,000 | Program provides +$15,000 (Audit), +$10,000 (Compensation), +$10,000 (Nominating) per chair (Lowery is Nominating Chair) | Annual Board cash retainer: $25,000 |
| 2024 | 35,000 | Program provided same chair fee schedule | Annual Board cash retainer: $25,000 |
Performance Compensation
| Fiscal Year | Stock Awards ($) | Award Type | Program Detail | Vesting/Activity |
|---|---|---|---|---|
| 2025 | 199,050 | RSUs | Annual equity grant to directors: $150,000 in RSUs; Chairman receives additional $120,000 RSUs (for Chairman, not Lowery) | 9,868 RSUs vested on 10/02/2025 (Form 4) |
| 2024 | 101,850 | RSUs | Annual equity grant to directors: $150,000 RSUs (Susan Lee first vest June 30, 2025; schedule suggests time-based vesting; director-specific vesting cadence not fully detailed) | Equity vesting for directors occurs per director agreement; specific dates for Lowery not detailed in proxy |
No director performance metrics (e.g., revenue, EBITDA, TSR) are disclosed for director equity awards; program is described as cash retainer plus RSUs subject to vesting rather than performance conditions .
Other Directorships & Interlocks
| Company/Entity | Role | Committee/Notes | Potential Interlock with ABAT |
|---|---|---|---|
| Denali Water Solutions | Board Member | Not disclosed | None disclosed |
| Keter Environmental Services | Board Member | Not disclosed | None disclosed |
| Sagard Holdings | Board Member | Not disclosed | None disclosed |
| ABAT | Director | Audit; Compensation; Chair, Nominating | Internal |
| Caesars Entertainment CSR External Advisory Board | Member | Advisory | None disclosed |
| Corporate Eco Forum Advisory Board | Member | Advisory | None disclosed |
The proxy states no Item 404(a) related-party transactions for Lowery, and Board affirms independence under Nasdaq standards .
Expertise & Qualifications
- ESG/Sustainability leadership (TPG, ERM, advisory roles), corporate governance, legal expertise; experience across private equity and advisory boards .
- Automotive/industrial policy and safety background via GM Senior Leadership Group, including public policy interface with GM Board .
- Legal credentials: J.D. (magna cum laude) Wayne State University; B.B.A. Eastern Michigan University .
Equity Ownership
| As-of Date | Shares Beneficially Owned | Ownership Form | % of Class | Source |
|---|---|---|---|---|
| 09/17/2025 | 89,050 | Not specified in table; directors/officers address at ABAT HQ | <1% (118,046,888 shares outstanding) | 2025 DEF 14A Beneficial Ownership Table |
| 10/02/2025 (post-vesting) | 98,918 | Indirect via Lowery and Associates, LLC | Not stated | SEC Form 4 (RSU vesting 9,868) |
- Anti-hedging policy prohibits hedging ABAT equity exposures via options/derivatives .
- No pledging of ABAT shares by Lowery is disclosed in the proxy .
Insider Trades (Recent)
| Trade Date | Form Type | Transaction | Shares | Price | Post-Transaction Beneficial Ownership | Ownership Form | Source |
|---|---|---|---|---|---|---|---|
| 05/19/2025 | Form 4 | Open-market sale | 110,000 | $1.4086 | 63,145 | Indirect | EDGAR index and ownership XML |
| 04/03/2025 | Form 4 | Equity award (RSUs/award categorized in trackers as “Option Award”) | 36,100 | $0.00 | 173,145 (tracker states) | Indirect | Aggregators/EDGAR listing |
| 10/02/2025 | Form 4 | RSU vesting (acquisition) | 9,868 | $0.00 | 98,918 | Indirect via Lowery and Associates, LLC | SEC ownership XML and aggregator summaries |
Note: Aggregator sites may label RSU awards generically; the Form 4 explains RSUs granted under Director Agreement (02/22/2022; amended 09/22/2023) and vesting on 10/02/2025 .
Governance Assessment
- Board effectiveness: Lowery contributes ESG, legal, and governance depth; serves across all three standing committees and chairs Nominating—signal of strong governance engagement and influence on director selection/governance frameworks .
- Independence and conflicts: Board affirmed independence under Nasdaq; proxy states no related-party transactions for Lowery—reduces conflict risk .
- Attendance/engagement: Committees and Board met 4 times each in FY2025; while individual attendance is not disclosed, multi-committee service plus chair role suggest high engagement .
- Compensation and alignment: Director pay skewed toward equity RSUs (2025: $199,050 stock vs $35,000 cash), consistent with alignment objectives; program includes cash retainer and RSUs subject to vesting, with no disclosed performance metrics for directors .
- Risk indicators and policies: Anti-hedging policy in place; clawback policy for Section 16 officers adopted (director-specific clawback not specified); charters and policies available, supporting governance transparency .
- Signals to monitor: Open-market sale of 110,000 shares on 05/19/2025 may modestly reduce perceived alignment; subsequent RSU vesting in October increased holdings—net effect should be monitored against role and time-based vesting cadence .
Overall, Lowery’s credentials in ESG and governance, independence, and chair role in Nominating support board quality; lack of director performance-linked equity metrics is typical but means equity awards are time-based RSUs. No Lowery-specific related-party issues are disclosed in the proxy .
