Kendall Saville
AMRKAbout Kendall Saville
Independent director of A‑Mark Precious Metals (AMRK) since 2021; age 40. Former Chairman of JMB (acquired by AMRK in March 2021) with expertise in SEO, digital marketing, and cryptocurrency; B.A. in Business Economics from UC Santa Barbara. Designated to AMRK’s Board under the JMB acquisition director designation rights; currently serves on Audit and Compensation Committees. Tenure on AMRK’s Board began in 2021 and continues through the 2025 proxy period .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| JMB (JM Bullion) | Chairman of the Board | Pre-2021 (prior to AMRK’s March 2021 acquisition) | Board leadership prior to transaction |
| PlayUSA (acquired by Catena Media) | Co‑founder; primary consultant to Catena Media | Consulting 2016–2019 | Strategic growth projects in iGaming |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Impact DM Inc. (parent of Milk Road) | Board member | Current (as disclosed) | Crypto media startup governance role |
| Pacific Tide Media, Inc. | Strategic guidance | Current | Advisory/strategy work |
| Catena Media (STO: CTM) | Primary consultant | 2016–2019 | iGaming media network integration/growth (PlayUSA acquisition) |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee member; not a committee chair .
- Independence: Board deemed Saville independent under Nasdaq rules; only Roberts, Meltzer, Wittmeyer were non‑independent .
- Attendance: Board met 10 times in FY2025; each director attended at least 75% of Board/committee meetings; all directors attended the Nov 2024 annual meeting .
- Designation rights/interlocks: JMB’s former stockholders retain rights to designate two Board nominees; Saville and Wittmeyer are those designees (Wittmeyer also serves as a paid consultant to AMRK) .
- Special Committee service: Served on the independent Special Committee that negotiated/recommended the SGI acquisition; committee members received special fees ($100,000 each; $50,000 extra to the chair) .
- Related‑party safeguards: SGI transaction involved directors/executives with SGI ownership; AMRK used a special committee of independent directors to negotiate and recommended approval to the Board .
Fixed Compensation
| Component (FY2025) | Amount (USD) | Notes |
|---|---|---|
| Cash retainer | $60,000 | Standard non‑chair director annual retainer |
| Committee membership fees | $10,000 | $5,000 each for Audit and Compensation Committee membership |
| Special Committee fee (SGI deal) | $100,000 | Non‑recurring fee for Special Committee work |
| Total cash fees | $170,000 | As reported for Saville in FY2025 director comp table |
Performance Compensation
| Award | Grant details | Value (USD) | Vesting | Notes |
|---|---|---|---|---|
| RSUs (annual director grant) | 1,983 units at 2024 Annual Meeting | $59,956 | Vests one year post grant (Nov 13, 2025) | Dividend equivalents accrue in cash; directors may elect settlement deferral |
| Stock options (legacy) | 6,000 options @ $17.87 strike | — (no FY2025 grant) | Vested 1/3 on Mar 19, 2022, 2023, 2025 | Granted on Board entry (Mar 2021); fully vested by 2025 |
Director equity award performance metrics (none disclosed):
| Award Type | Performance Metric | Threshold | Target | Maximum | Vesting Basis |
|---|---|---|---|---|---|
| RSUs | None (time‑based) | N/A | N/A | N/A | 1‑year cliff vest; accelerated on death/disability/change‑in‑control |
| Options | None (time‑based) | N/A | N/A | N/A | Time‑based tranches (2011 Plan terms as disclosed) |
Other Directorships & Interlocks
| Company | Type | Role/Link | Potential conflict/mitigant |
|---|---|---|---|
| JMB | Former affiliate (acquired by AMRK) | Designee rights for two directors (Saville, Wittmeyer) | Interlock via designation rights; mitigated by Board independence determination and Saville’s Special Committee role |
| Impact DM Inc. | Private | Board member | No AMRK related‑party transactions disclosed |
| Catena Media | Public (STO: CTM) | Prior consultant | No AMRK related‑party transactions disclosed |
Expertise & Qualifications
- Domain expertise: SEO, digital marketing, crypto and decentralized finance; store‑of‑value business focus .
- Industry experience: DTC and e‑commerce through JMB leadership; iGaming media via PlayUSA/Catena .
- Education: B.A., Business Economics, UC Santa Barbara .
- Board‑relevant competency: Technology, digital growth and customer acquisition—useful for AMRK’s DTC and online channels .
Equity Ownership
| Metric (as of Sept 18, 2025) | Amount | Notes |
|---|---|---|
| Beneficial ownership (shares) | 308,571 | Includes RSUs and options within 60 days |
| Ownership (% of outstanding) | 1.3% | Based on 24,644,386 shares outstanding |
| RSUs included | 1,983 | Vests Nov 13, 2025 (settlement may be deferred) |
| Options included | 6,000 | Currently exercisable/within 60 days; legacy grant @ $17.87 |
- Hedging policy: Directors prohibited from short sales and exchange‑traded options (hedging) under AMRK’s insider trading policy .
- Pledging: No pledging disclosures for Saville in FY2025 proxy .
Governance Assessment
- Board effectiveness: Saville contributes digital and crypto expertise; serves on two key committees (Audit and Compensation), supporting financial oversight and pay governance .
- Independence and attendance: Classified as independent; met the ≥75% attendance threshold and attended the 2024 annual meeting, supporting engagement .
- Alignment: Holds 308,571 shares (1.3%); annual RSU grants and fully vested legacy options provide equity linkage; hedging prohibited, reinforcing alignment with shareholder outcomes .
- Conflicts/RED FLAGS: JMB designation rights create potential influence/interlock; mitigants include independence determination and Saville’s role on the Special Committee that oversaw the SGI related‑party transaction process .
- Compensation signals: FY2025 director pay includes non‑recurring $100k Special Committee fee plus standard retainer/committee fees and RSUs (time‑based). No director performance metrics are tied to equity; equity is primarily retention/alignment; no tax gross‑ups or option repricing disclosed for directors .
Overall, Saville appears independent, engaged, and aligned via meaningful stock ownership and standard director equity grants, with the primary governance watchpoint being JMB designation rights; his service on the SGI Special Committee is a positive mitigant for related‑party risks .