Mark Frantz
ASGNAbout Mark A. Frantz
Independent director at ASGN since June 2019 (prior Board advisor in 2018); current term ends in 2026. Co-founder and General Partner of Blue Delta Capital Partners focused on U.S. federal government services; prior venture and investment banking roles at RedShift Ventures, In-Q-Tel, Carlyle Venture Partners, and Alex Brown. Education: BA in History and Political Science (Allegheny College); JD and MBA (University of Pittsburgh). The Board determined he is independent under NYSE rules; no material legal proceedings disclosed for any director .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Blue Delta Capital Partners | Co-Founder & General Partner | 2009–Present | Growth capital in GovCon; deep market dynamics and M&A experience benefits ASGN’s government strategy |
| RedShift Ventures | Partner | 2007–2009 | Commercialization of new technologies |
| In-Q-Tel | Managing General Partner | 2006 | Strategic VC affiliate of U.S. intelligence community |
| Carlyle Venture Partners | Principal | 2001–2006 | Private equity; capital markets expertise |
| Alex Brown (investment bank) | Associate to Senior Chairman | 1997–2000 | Investment banking experience |
| PA Governor Tom Ridge | Economic & Technology Policy Advisor | 1994–1997 | Government policy experience |
| White House Office of Intergovernmental Affairs | Associate Director | 1990–1993 | Federal government liaison |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| CSRA Inc. (NYSE) | Director | 2015–2018 | Former public GovCon company sold to General Dynamics for $9.7B |
Board Governance
- Independence and board structure: All directors except the CEO deemed independent (Frantz included); independent Chair (Arshad Matin) since June 2021 .
- Committees: Board maintains Compensation, Audit, Nominating & Corporate Governance, and Strategy & Technology Committees; an ad hoc Litigation Committee was created in June 2024. Committee member independence affirmed; Strategy & Technology oversees cybersecurity/IT risk; Audit oversees ERM and financial reporting risk .
- Attendance: In 2023, each director attended all Board and committee meetings; in 2024, directors attended all meetings with limited exceptions (one director missed one Board meeting; another missed one committee meeting; a former director missed one Board and one committee meeting). All directors attended the 2024 Annual Meeting .
- Stockholder engagement and Say‑on‑Pay: Support was 98.1% in 2023 and 99.2% in 2024, signaling strong investor alignment on compensation programs .
Fixed Compensation (Director)
| Metric | 2023 | 2024 |
|---|---|---|
| Fees Earned in Cash | $95,000 | $95,000 |
| Stock Awards (Grant-Date Fair Value) | $184,958 | $184,930 |
| Total | $279,958 | $279,930 |
| Annual RSU Grant & Vesting | ~$185,000 grant; half vests at grant, half at 1-year | ~$185,000 grant; half vests at grant, half at 1-year |
| Unvested RSUs at Year-End | 1,121 shares (as of 12/31/2023) | 966 shares (as of 12/31/2024) |
Additional director fee schedule (applies board-wide): Chair $100,000; Audit Chair $18,000; Compensation Chair $17,500; Nominating Chair $15,000; Strategy & Tech Chair $15,000; non-chair committee retainers (Audit $12,000; Compensation $7,500; Nominating/Strategy $5,000); director education reimbursement up to $2,500 annually .
Performance Compensation
- Not applicable for directors: ASGN director equity grants are time-based RSUs; no performance-based equity or annual performance bonuses disclosed for non-employee directors .
Other Directorships & Interlocks
- Prior public company board: CSRA Inc. (GovCon); transaction history includes sale to General Dynamics (context for interlock awareness in federal services ecosystem) .
Expertise & Qualifications
- Government contracting expertise; capital markets and M&A background; technology/cyber awareness (Board matrix) .
- Degrees: BA (Allegheny), JD/MBA (University of Pittsburgh) .
Equity Ownership
| Metric | 2024 (as of 3/31/2024) | 2025 (as of 3/31/2025) |
|---|---|---|
| Shares Beneficially Owned | 10,503 | 12,585 |
| Ownership % of Outstanding | <1% | <1% |
| Pledged/Hedged Shares | Prohibited by policy | Prohibited by policy |
| Director Ownership Guideline | 5× $85,000 cash retainer (= $425,000 value) | All directors in compliance as of Mar 1, 2025 |
Policy highlights:
- Hedging and pledging of company stock are prohibited for directors and executive officers .
- Directors must meet stock ownership guidelines (5× retainer) within five years; compliance confirmed as of March 1, 2025 .
Governance Assessment
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Positive signals
- Independent status; robust Board risk oversight (ERM via Audit; cybersecurity via Strategy & Technology) .
- High investor support on Say‑on‑Pay, indicating confidence in governance and pay practices .
- Director compensation emphasizes equity alignment (annual RSUs; time-based vesting) and reasonable cash retainers; education support .
- Prohibitions on hedging/pledging and compliance with ownership guidelines strengthen alignment and risk controls .
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Monitoring areas
- GovCon ecosystem interlocks: Prior CSRA board service and current Blue Delta GovCon focus merit ongoing monitoring for any potential related‑party transactions; the Board’s independence review found no relationships interfering with independent judgment .
- Committee assignments: Proxy discloses committee structures and independence; specific committee membership for Frantz was not enumerated in the reviewed sections. No red flags found in Compensation Committee interlocks (members had no related‑party relationships requiring disclosure) .
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Attendance and engagement
- Strong attendance in 2023; full attendance at 2024 Annual Meeting; limited unspecified exceptions in 2024 overall Board/committee attendance; no adverse disclosure attributed to Frantz .
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Overall view: Frantz’s deep GovCon and capital markets experience aligns with ASGN’s federal and consulting strategy; compensation and ownership policies support investor alignment; independence and risk oversight frameworks are robust. No conflicts or legal issues disclosed regarding Frantz.
Sources: ASGN DEF 14A 2025 and 2024 .