Adam Rymer
About Adam Rymer
Adam Rymer, age 49, has served as an independent director of Adeia since August 2023 and is a member of the Audit Committee. He is currently Chief Commercial Officer of Regal Cinemas (since February 2025), and holds a B.A. in applied mathematics and economics from Harvard University and an M.B.A. from The Wharton School. His background spans executive roles across media, entertainment, and technology, with board-determined independence under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Reason Advisory | President | 2019–2025 | Consultancy focused on consumer behavior, business models, tech adoption |
| ProbablyMonsters | Chief Product Officer | Not disclosed | Product leadership at independent video game developer |
| OpTic Gaming/Envy Gaming | Chief Executive Officer | Not disclosed | Led growth strategy into media/entertainment platform |
| Legendary Entertainment – Digital Networks Group | President | Not disclosed | Digital platforms strategy execution |
| Lava Bear Films | Co-Founder, CFO & COO | Not disclosed | Film financing/production operations |
| Universal Studios Motion Picture Group | SVP, Digital Platforms; VP, Strategic Planning & BD | Not disclosed | Set strategic direction for new platforms; corporate financial/strategic analysis |
External Roles
| Organization | Role | Start Date | Notes |
|---|---|---|---|
| Regal Cinemas | Chief Commercial Officer | Feb 2025 | Current operating role |
| Current public company boards | None | — | No other public boards disclosed |
| USA Volleyball National Governing Body | Director (past) | Not disclosed | Private, not-for-profit; past directorship |
Board Governance
- Committee membership: Audit Committee member; 2024 Audit Committee comprised of V. Sue Molina (Chair), R. Rau, and A. Rymer; Audit Committee held six meetings in 2024 .
- Independence: Board determined all nominees other than CEO Paul Davis are independent under Nasdaq standards; Rymer has never been an employee of Adeia or its subsidiaries .
- Attendance: In 2024 the Board held ten meetings; each director attended at least 75% of Board and relevant committee meetings .
- Audit oversight: Audit Committee report signed by Molina (Chair), Rau, and Rymer, recommending inclusion of 2024 audited financials and PwC reappointment for 2025 .
Fixed Compensation
| Component | Amount | Period/Detail | Source |
|---|---|---|---|
| Cash fees earned | $62,000 | 2024 total cash fees | |
| Annual retainer (non-employee director) | $50,000 | Policy | |
| Audit Committee member retainer | $12,000 | Policy | |
| Payment cadence | Quarterly installments | Board/committee retainers paid quarterly |
Performance Compensation
| Component | Amount/Terms | Period/Detail | Source |
|---|---|---|---|
| Stock awards (grant-date fair value) | $190,012 | 2024 RSU award value | |
| Annual equity grant sizing | $190,000 ÷ FMV per share on grant date | Policy for non-employee directors | |
| Vesting schedule | Earlier of first anniversary or next annual meeting | RSUs (incl. prorated initial grants) | |
| Unvested RSUs outstanding | 16,920 shares | As of Dec 31, 2024 |
- Performance metrics: Director RSU awards are time-based; no performance metrics (e.g., revenue, EBITDA, TSR) are specified for director grants .
Other Directorships & Interlocks
| Company/Body | Role | Committee Roles | Status |
|---|---|---|---|
| None (public company boards) | — | — | Current: none |
| USA Volleyball NGB | Director (past) | Not disclosed | Past; not-for-profit |
Expertise & Qualifications
- Extensive executive management, leadership, and strategic experience across media, technology, and entertainment industries; Harvard B.A. (applied mathematics, economics) and Wharton M.B.A. .
- Board skills include technology/media commercialization, platform strategy, and financial/strategic analysis .
Equity Ownership
| Metric | Value | Date/Detail | Source |
|---|---|---|---|
| Beneficial ownership (shares) | 31,930 | Record date Mar 11, 2025 | |
| Ownership (%) | 0.0% | Out of 108,444,911 shares outstanding | |
| Included in beneficial ownership | 16,920 RSUs vesting within 60 days | Footnote (5) | |
| Shares outstanding (context) | 108,444,911 | As of Mar 11, 2025 | |
| Director ownership guideline | 3× annual cash retainer | Three-year grace period from board entry | |
| Compliance status | All directors in compliance or within grace period as of Dec 31, 2024 | Company statement |
- Insider Trading Policy: Prohibits hedging and pledging of Company securities by directors and employees .
- Section 16(a) compliance: Company believes all officers, directors, and >10% holders complied in 2024 .
Governance Assessment
- Board effectiveness: Rymer’s Audit Committee service, participation in the audit report, and Board attendance at ≥75% indicate active engagement and oversight on financial reporting and controls .
- Alignment and incentives: Director pay is equity-heavy (annual RSU grants at $190k policy value) with time-based vesting, stock ownership guidelines (3× retainer), and prohibitions on hedging/pledging—supporting investor alignment and governance discipline .
- Independence and conflicts: Rymer is independent under Nasdaq rules and has no employment ties to Adeia; while he holds an external operating role (Regal Cinemas CCO), the proxy does not disclose any related-party transactions involving him; Audit Committee and Code of Conduct require disclosure and approval of any related person transactions .
- RED FLAGS: None disclosed regarding low attendance, related-party transactions, hedging/pledging, or director-specific pay anomalies; director cash fees match policy (retainer plus Audit Committee member fee) and equity awards follow the standard RSU program .