Suzanne Yoon
ADTAbout Suzanne Yoon
Suzanne Yoon (age 49) is an independent Class II director of ADT, appointed August 21, 2024; she is Founder and Managing Partner of Kinzie Capital Partners and currently serves as Chair of ADT’s Nominating & Corporate Governance Committee and a member of the Audit Committee (designated an “audit committee financial expert”). She holds a BA in Economics from the University of Iowa and is an Executive Scholar of Northwestern University’s Kellogg School of Management .
Past Roles
| Organization | Role | Tenure | Committees / Impact |
|---|---|---|---|
| Kinzie Capital Partners | Founder & Managing Partner; Chair of Investment and Management Committees | 2017–present | Leads private equity firm; financial and operational value creation focus . |
| Versa Capital Management | Senior roles | — | Transaction execution and portfolio oversight (as disclosed) . |
| CIT Group | Senior roles | — | Credit/finance leadership experience (as disclosed) . |
| LaSalle Bank/ABN AMRO | Senior roles | — | Banking and corporate finance experience (as disclosed) . |
External Roles
| Organization | Role | Notes |
|---|---|---|
| National Philanthropic Trust | Trustee (current); former Chair | NPT manages ~$40B in donor-advised funds (as disclosed) . |
| Chicago Bears | Women’s Advisory Board member | First-ever Women’s Advisory Board . |
Board Governance
- Committee assignments: Audit Committee member (from Oct 2024; Audit now includes Winter (Chair), Gartland, Yoon, Zarmi). The Board determined Ms. Yoon qualifies as an “audit committee financial expert” and is independent under SEC and NYSE rules .
- Chair roles: Chair, Nominating & Corporate Governance Committee (since Feb 2025; committee members: Yoon (Chair), Houston, Tiedt) .
- Independence: ADT identifies Yoon as an independent director; all three key committees are fully independent .
- Attendance: In 2024 the Board met seven times; each incumbent director attended at least 75% of Board and relevant committee meetings during their service period .
- Term/tenure: Appointed as a Class II director with a term expiring at the 2025 annual meeting; nominated for re‑election at the 2025 Annual Meeting for a term expiring at the 2028 Annual Meeting .
Fixed Compensation
| Component | Policy / Structure | 2024 Actual (Yoon) |
|---|---|---|
| Annual cash retainer (non‑employee directors) | $100,000 per year, paid quarterly . | $11,141 cash fees (prorated for partial year) . |
| Committee chair retainers | Audit Chair $25,000; Compensation Chair $20,000; Nominating & Corporate Governance Chair $15,000; Lead Independent Director $25,000 . | N/A for 2024 (NCG Chair role began Feb 2025) . |
| Annual equity award (RSUs) | ~$150,000 grant date fair value; one‑year vesting; pro‑rated for directors joining between annual meetings . | $112,603 grant date fair value (pro‑rated); 8‑K specified $112,602.74 at appointment . |
Notes: RSUs for directors generally vest after one year; Yoon, as a new appointee, received a pro‑rated equity grant consistent with policy .
Performance Compensation
| Feature | Applies to Non‑Employee Directors | Details |
|---|---|---|
| Performance‑conditioned pay (EBITDA, TSR, ESG, etc.) | No | Director equity is time‑based RSUs with a one‑year vest; no performance metrics apply to director equity awards . |
Other Directorships & Interlocks
| Company | Role | Interlocks/Relationships |
|---|---|---|
| None disclosed (public company boards) | — | ADT discloses no other current public company directorships for Yoon; no compensation committee interlocks disclosed involving Yoon . |
Expertise & Qualifications
- Private equity leadership and value creation (Founder/Managing Partner at Kinzie Capital Partners) .
- Finance/accounting expertise; designated “audit committee financial expert” by the Board .
- M&A and corporate strategy experience (senior roles at Versa, CIT, LaSalle/ABN AMRO) .
- Governance leadership (Chair, Nominating & Corporate Governance Committee) .
- Education: BA Economics (University of Iowa); Executive Scholar, Kellogg School of Management (Northwestern) .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Common Stock beneficially owned (as of Mar 26, 2025) | 0 shares | No reportable beneficial ownership in ADT common or Class B common stock . |
| Unvested RSUs outstanding (12/31/2024) | 15,312 units | RSUs outstanding for Yoon as of FY2024 year‑end . |
| Ownership guidelines | 5x annual cash retainer (Independent Directors) | Shares counting toward compliance include actual shares owned and unvested time‑based RSUs (stock options and unearned performance shares excluded) . |
| Hedging/pledging policy | Prohibited for employees and directors (legacy pledges grandfathered in July 2021) | Insider trading policy bans hedging, short sales, and pledging by directors . |
Governance Assessment
- Positives: Independent director with deep private equity and finance background; designated audit committee financial expert; leadership as Nominating & Corporate Governance Chair; clean related‑party profile; and at least 75% meeting attendance during period of service in 2024—all supportive of board effectiveness and investor confidence .
- Conflicts and related‑party screening: Company reports no transactions requiring disclosure under Item 404(a) involving Yoon; she signed ADT’s standard director indemnification agreement upon appointment .
- Alignment: Director pay mix emphasizes equity via RSUs (even if time‑based), and ADT maintains stringent anti‑hedging/pledging policies and a 5x retainer stock ownership guideline for independent directors; Yoon received a pro‑rated RSU grant upon appointment and held 15,312 RSUs at year‑end 2024, with no reportable share ownership as of March 26, 2025 .
Overall: Yoon’s independence, finance expertise, and committee leadership—combined with a clean related‑party profile and improving ADT governance posture (fully independent key committees)—are constructive governance signals; monitoring future stock accumulation under director ownership guidelines will inform alignment over time .