Daniel Shribman

About Daniel Shribman

Daniel Shribman (age 41) has served as an independent director of Alta Equipment Group (ALTG) since February 2020. He is President of B. Riley Principal Investments (since September 2018) and Chief Investment Officer of B. Riley Financial, Inc. (since September 2019), with prior roles as CFO of B. Riley Principal Merger Corp. (Alta’s SPAC) until the February 14, 2020 business combination closing; earlier career stops include Anchorage Capital Group (Portfolio Manager, 2010–2018), Tinicum Capital Partners, and Lazard Freres (restructuring advisory). He holds an A.B. in Economics and History from Dartmouth College .

Past Roles

External Roles

Board Governance

• Independence: Board affirmed Shribman is independent under NYSE rules; also eligible to serve on Audit and Compensation Committees per Exchange Act independence standards .
• Committee assignments and chair roles (as of 2025 proxy):
  • Compensation and Talent Development Committee: Member .
  • Nominating and Corporate Governance Committee: Member .
  • Chairs: None for Shribman (Audit Chair: Andrew Studdert; Nominating Chair: Katherine White; Compensation Chair: Sidhartha Nair) .
• Attendance and engagement: In 2024, the Board met five times; no director attended fewer than 75% of Board and committee meetings on which they served; each committee held five meetings .
• Executive sessions: Independent directors meet regularly without management; Audit Chair presides (no lead independent director) .

Fixed Compensation

• Program terms: Non-employee directors receive a $75,000 annual cash retainer; committee member fees of $7,500 (Audit), $5,000 (Compensation), $5,000 (Nominating); chairs receive $25,000 (Audit), $20,000 (Compensation), $20,000 (Nominating). Equity: annual RSU grant valued at $100,000 at the Annual Meeting; vests 1/12 monthly and fully at the next Annual Meeting; directors may elect to defer RSUs and accrued dividends until termination of service (RSU count uses 20-trading-day VWAP) .

• RSU balances (as of Dec 31, 2024): Unvested RSUs outstanding: 5,804; Vested deferred awards: 41,275; Shribman accrued $9,411 in dividend equivalents on vested RSUs in 2024 .

Performance Compensation

• No performance-based director compensation is disclosed; director equity is time-based RSUs with optional deferral .

Other Directorships & Interlocks

• Active external public company role: AEAE Audit Chair; prior board roles at AREN, FAZE, NACQF, EOSE (ended) .
• Compensation Committee interlocks: None; no ALTG executive served on boards or comp committees of companies with ALTG executives on ALTG’s Compensation Committee in 2024 .

Expertise & Qualifications

• Corporate finance and special situations investing across industrials, transportation, and automotive markets; strategic investment leadership at B. Riley; restructuring advisory experience at Lazard; Dartmouth A.B. (Economics and History) .

Equity Ownership

• Hedging/pledging prohibited for directors and officers .
• Stock ownership guidelines: Non-employee directors must hold 3× annual cash retainer within five fiscal years; unvested RSUs and earned PSUs count; unearned PSUs and unexercised options do not .

Say-on-Pay & Shareholder Feedback

• Director election (2025 Annual Meeting): Shribman received 17,585,736 votes For; 5,059,888 Abstain; 6,156,960 broker non-votes; no votes Against, and was elected for a two-year term .

• 2025 Say-on-Pay: For 22,254,698; Against 371,180; Abstain 19,746; significant support .

• Prior year signal: 98% approval on Say-on-Pay at the 2024 Annual Meeting .

Governance Assessment

• Alignment and independence: Board annually evaluates independence; Shribman affirmed independent and committee-eligible under NYSE and SEC rules .
• Committee work and engagement: Active on Compensation and Nominating committees in 2024–2025; committee meetings held regularly; Board reports strong attendance .
• Ownership alignment: Meaningful personal stake (418,604 shares, 1.3%) and significant deferred RSUs; hedging/pledging prohibited; director ownership guidelines in place .
• Shareholder support: Strong director election and Say-on-Pay support in 2025; continued high Say-on-Pay approval historically .
• Clawback and controls: NYSE/SEC-compliant clawback policy; following a non-material cash flow classification error, Compensation Committee determined no recovery was required (metrics unaffected) .
• Potential conflicts and watch items:
  • B. Riley affiliation and SPAC history: As CIO of B. Riley Financial and President of B. Riley Principal Investments, and former CFO of the ALTG SPAC, Shribman has a deep tie to the sponsor ecosystem. The Board nonetheless affirmed his independence; no related-party transactions involving Shribman are disclosed. Monitor for any future related-party dealings or services involving B. Riley entities. Watch item (independence affirmed; no transactions disclosed) .
  • Lead independent director: None designated; Audit Chair presides over executive sessions—acceptable, but investors often prefer a formal LID for enhanced oversight .

Overall signal: Strong investor support and formal governance policies reduce conflict risk; Shribman’s finance expertise and committee participation support board effectiveness. Ongoing monitoring of B. Riley interlocks remains prudent .