William Wesemann
About William Wesemann
William (Bill) Wesemann, age 68 as of April 30, 2025, has served as an independent director of Aclarion, Inc. since 2016 and currently holds the role of Lead Independent Director, providing effective, independent leadership and acting as liaison between non‑employee directors and the executive chairman . He has been an independent businessman and investor since June 2002; prior to 2002 he held chief executive, sales leadership, and advisory roles at technology companies, and he holds a B.A. from Glassboro State College (Rowan University) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Independent business/investment | Independent businessman and investor | Since June 2002 | Technology investing experience |
| Technology companies (prior) | Chief executive, sales leadership, advisory roles | Prior to 2002 | Leadership in tech operations/sales |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| LivePerson (Nasdaq: LPSN) | Director | Since 2004 | Global conversational commerce and AI software company |
| Stationhead, Inc. | Director | Since 2019 | Consumer social audio platform |
| Mylio, Inc. | Director | Since 2013 | Photo management company |
Board Governance
- Lead Independent Director since establishment of the role under Aclarion’s governance guidelines; board currently combines chair and executive roles, and the Lead Independent Director complements the chairman’s role and coordinates independent director activities .
- Independence: Board determined all members of the Audit, Compensation, and Nominating & Corporate Governance Committees are independent under SEC/Nasdaq rules .
- Audit Committee Report: The committee (Deitsch, Breidbart, Wesemann) recommended inclusion of audited FY2024 financial statements in the Form 10‑K; independence of the auditor was reviewed and discussed .
Committee Assignments & Roles (FY2024)
| Committee | Wesemann Role | Chair |
|---|---|---|
| Audit Committee | Member | Stephen Deitsch |
| Compensation Committee | Chair | Bill Wesemann |
| Nominating & Corporate Governance Committee | Member | Amanda Williams |
Committee Activity (FY2024)
| Committee | Meetings in FY2024 |
|---|---|
| Audit Committee | 5 |
| Compensation Committee | 2 |
| Nominating & Corporate Governance Committee | 1 |
- Compensation committee interlocks and insider participation: None; no cross‑board interlocks involving Aclarion executives, and no compensation committee member has ever been an Aclarion executive officer .
Fixed Compensation
Director Compensation Structure (FY2024)
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual board retainer (cash) | $25,000 | Paid quarterly in arrears; pro‑rated for partial quarters |
| Audit Committee chair fee | $15,000 | Annual cash |
| Committee membership fee | $5,000 per committee | Annual cash; paid quarterly |
Wesemann Director Compensation (FY2024)
| Item | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $40,000 |
| Stock Awards | $0 |
| Option Awards | $0 |
| All Other Compensation | $0 |
| Total | $40,000 |
Performance Compensation
| Performance‑Linked Element | Disclosure |
|---|---|
| Equity awards (RSUs/PSUs/Options) | None for non‑employee directors in 2024 |
| Performance metrics tied to director pay | None disclosed |
Other Directorships & Interlocks
| Company | Public/Private | Role | Committee Roles |
|---|---|---|---|
| LivePerson (Nasdaq: LPSN) | Public | Director | Not disclosed |
| Stationhead, Inc. | Not disclosed | Director | Not disclosed |
| Mylio, Inc. | Not disclosed | Director | Not disclosed |
- Compensation committee interlocks: None reported for Aclarion’s compensation committee members in the last completed fiscal year .
Expertise & Qualifications
- Technology investing and operating leadership experience; independent investor since 2002; prior CEO and sales leadership roles in tech companies .
- Board leadership experience at public (LivePerson) and private tech companies, informing oversight of strategy and human capital .
- Governance credentials: Lead Independent Director; member of Audit and Nominating committees; Chair of Compensation committee .
- Education: B.A., Glassboro State College (Rowan University) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Shares Outstanding Reference |
|---|---|---|---|
| William Wesemann | 1 | <1% | 582,371 shares outstanding as of May 9, 2025 |
- Section 16(a) compliance: Based on company review, all directors/officers timely filed required ownership reports in 2024 .
- Related‑party transactions: None reported; Aclarion maintains a related person transaction policy under audit committee oversight (effective February 2022) .
Governance Assessment
-
Strengths: Independent leadership as Lead Independent Director in a combined chair/executive structure; multi‑committee service including Compensation Committee Chair; audit committee participation in auditor independence review and 10‑K inclusion recommendation; no related‑party transactions disclosed; no compensation committee interlocks or insider participation .
-
Alignment considerations: Cash‑only director compensation and minimal beneficial ownership (1 share, <1%) signal limited direct equity alignment for Wesemann relative to shareholders .
-
Risk indicators: No pledging/hedging disclosures identified; no related‑party transactions; Section 16 compliance affirmed; continued reliance on Lead Independent Director role is important given combined chair/executive leadership model .
-
RED FLAGS
- Limited equity alignment: No equity grants in 2024 and beneficial ownership of only 1 share (<1%) .