Mark Scott
About Mark Scott
Mark E. Scott, age 72, is Chief Financial Officer of Airship AI Holdings, Inc. (AISP) since March 2024 and has also served as Secretary and Treasurer since January 1, 2025 . He previously served as Interim CFO of Airship beginning November 2021 and is a certified public accountant with a B.A. in Accounting from the University of Washington; his background spans financial leadership, SEC reporting, and M&A in public and private microcap companies . Company-level TSR, revenue growth, and EBITDA growth metrics tied specifically to his tenure were not disclosed in the cited filings.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Airship AI Holdings, Inc. / Airship AI, Inc. | Chief Financial Officer | Mar 2024–present | Senior finance leadership with SEC/M&A experience supporting a de-SPACed microcap platform . |
| Airship AI Holdings, Inc. | Secretary and Treasurer | Jan 2025–present | Expanded corporate officer responsibilities alongside CFO role . |
| Airship AI, Inc. | Interim Chief Financial Officer | From Nov 2021 | Stepped in to stabilize finance function prior to and through the business combination . |
| Valterra Partners LLC | Consultant and Chief Financial Officer | 2017–2024 | CFO/consulting for a private equity firm; microcap finance and transaction expertise . |
| Valuto, Inc. | Consultant and Chief Financial Officer | Jan 2021–Nov 2021 | Finance leadership for a bitcoin kiosk company . |
| GrowLife, Inc. | Consultant and Chief Financial Officer | Aug 2014–Dec 2020 | Public microcap CFO with SEC experience; later also Board/Secretary roles . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| GrowLife, Inc. | Director and Secretary | Feb 2017–Dec 2020 | Public company board/secretary experience complementing CFO role . |
Fixed Compensation
| Component | Detail | Period/Date | Source |
|---|---|---|---|
| Base Salary ($) | $250,000 annually | Employment agreement signed Mar 1, 2024 | |
| Target Bonus (%) | Not disclosed; eligible for annual performance-based bonus programs | As set by Board/Compensation Committee | |
| Retirement/Deferred Comp | No defined benefit pension; no nonqualified deferred compensation; standard 401(k) and health/welfare plans available | As of Dec 31, 2024 |
Performance Compensation
| Incentive Type | Metric/Structure | Weighting | Target | Actual | Payout/Vesting | Key Terms |
|---|---|---|---|---|---|---|
| Annual Bonus | Performance-based program (criteria established by Board/Comp Committee) | Not disclosed | Not disclosed | Not disclosed | Cash bonus, if any, not disclosed | Eligible per employment agreement; metrics/targets not specified in proxy excerpts . |
| Stock Options | 25,000 options at $1.49 strike | N/A | N/A | N/A | Vested in full on grant (Mar 1, 2024) | Grant made under agreement dated Mar 1, 2024; expiration not disclosed in excerpt . |
Equity Ownership & Alignment
| Item | Amount/Detail | As Of | Source |
|---|---|---|---|
| Beneficial Ownership (shares) | 108,952 | Oct 16, 2025 | |
| Ownership as % of Outstanding | “*” (less than 1%) | Oct 16, 2025 | |
| Shares Outstanding (basis for % calc) | 34,175,563 | Oct 16, 2025 | |
| Options Held (from employment grant) | 25,000 options at $1.49, fully vested at issuance | Mar 1, 2024 | |
| Hedging/Pledging Policy | Hedging prohibited; pledging/margin limited to max 25% of shares owned | Policy current at proxy date | |
| Section 16 Compliance | Executives and directors complied with filing requirements as of Dec 31, 2024 | Dec 31, 2024 |
Insider trading/pledging by individual insiders beyond policy limits was not specifically disclosed in the cited excerpts; the company’s policy prohibits hedging and caps pledging/margin to 25% of holdings .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Employment Agreement | Signed March 1, 2024; CFO base salary $250,000 annually | |
| Bonus Eligibility | Annual performance-based bonus as determined in good faith by Board/Compensation Committee | |
| Severance | Three months’ severance if terminated without cause or resignation for good reason (as defined) | |
| Change-in-Control | Company disclosed no other executive compensation, change in control, or similar agreements beyond annual compensation/bonus/equity awards as of Dec 31, 2024 | |
| Equity Plan | 2023 Equity Incentive Plan governs equity awards; plan covers options, RSUs, SARs, and performance awards with standard 10-year option/SAR limits and fair market value pricing |
Investment Implications
- Pay-for-performance visibility: The CFO’s cash compensation is modest ($250,000 base) with bonus eligibility, but the proxy does not disclose specific performance metrics/targets for annual incentives, limiting transparency into pay-for-performance alignment .
- Retention and turnover risk: Severance is limited to three months for a no-cause termination or good reason resignation, suggesting low termination cost and potentially less structural retention protection vs. larger severance multiples seen at bigger issuers .
- Equity alignment and selling pressure: Beneficial ownership is 108,952 shares (less than 1% of outstanding), and the March 2024 option grant (25,000 options at $1.49) vested immediately; while this provides equity exposure, the stake is relatively small versus total float, implying limited individual selling pressure signal in isolation .
- Risk controls: Anti-hedging is prohibited and pledging/margin use is capped at 25% of holdings, which reduces misalignment risks associated with derivatives and collateralized positions; Section 16 compliance was affirmed as of year-end 2024 .
- Governance/context: The company states it had no other change-in-control or similar agreements beyond described compensation and equity programs as of Dec 31, 2024, implying absence of atypical golden parachute economics for the CFO in the disclosures reviewed .