Daniel Sansone
AdvanSixAbout Daniel F. Sansone
Daniel F. Sansone (age 72) is an independent director of AdvanSix and has served on the Board since the Honeywell spin-off on October 1, 2016 . He previously served as Executive Vice President of Strategy and Chief Financial Officer at Vulcan Materials (CFO 2005–2014), with earlier divisional president and finance roles, bringing 40+ years of senior leadership and financial expertise in public companies and regulated industries . He is designated by the Board as an SEC “audit committee financial expert” and meets NYSE accounting/financial management expertise criteria .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Vulcan Materials Company | Executive Vice President of Strategy | Through 2014 (retirement) | Senior leadership and strategic oversight at a large industrial materials producer |
| Vulcan Materials Company | Chief Financial Officer | 2005–2014 | Led finance, reporting, controls; public company CFO experience |
| Vulcan Materials Company | President, Southern & Gulf Coast Division | 2001–2005 | General management and operations leadership |
| Vulcan Gulf Coast Materials | President | 1997–2001 | Division leadership, HS&E and operational oversight |
| Vulcan Materials Company | Corporate Controller; VP Finance | Various, starting in 1988 | Corporate finance and accounting leadership |
| Monroe Auto Equipment; FMC Corporation; Kraft Inc. | Various roles | Pre-1988 (domestic/international) | Broadened industrial and global experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Ingevity Corporation (NYSE: NGVT) | Director | Current | Specialty chemicals; adds industry adjacency insight |
Board Governance
- Committee roles (2024): Audit Committee Chair; HS&E Committee member .
- Committee changes effective June 18, 2025: Sansone serves on Audit, joins Nominating & Governance, and continues HS&E; Donald Newman becomes Audit Committee Chair .
- Audit Committee expertise: Sansone is an SEC-defined “audit committee financial expert”; Audit Committee members are independent and satisfy NYSE financial expertise .
- Board/committee activity: In 2024 the Board held 5 meetings and Board Committees held 19; all directors then serving attended at least 80% of Board meetings and at least 88% of their committee meetings; all directors attended the 2024 Annual Meeting .
- Refreshment signal: The Board waived the director age limit on a limited basis to nominate Sansone for re‑election at the 2025 Annual Meeting .
Committee Structure and 2024 Meetings
| Committee | 2024 Meetings | Sansone Role |
|---|---|---|
| Audit | 6 | Chair (2024) |
| Compensation & Leadership Development | 5 | Not a member (2024) |
| Nominating & Governance | 4 | Joins effective June 18, 2025 |
| Health, Safety & Environmental (HS&E) | 4 | Member |
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Annual Board cash retainer | $90,000 | $90,000 |
| Audit Committee Chair retainer | $20,000 | $20,000 |
| Total fees earned (Sansone) | $110,000 | $110,000 |
| Equity grant fair value | $104,988 | $104,993 |
| Total director compensation | $214,988 | $214,993 |
RSU grant details (annual director equity):
| Grant | Shares | Grant Date Value/Share | Vesting |
|---|---|---|---|
| 2024 RSU award | 4,393 | $23.90 | Vests in full on June 11, 2025 |
Additional program features:
- Directors may defer up to 100% of cash retainers into the AdvanSix Deferred Compensation Plan (DCP); until ownership requirements are met, deferrals are limited to the AdvanSix stock unit fund; dividends are credited as additional stock units; distributions occur per elections and 409A .
- Stock ownership guideline: 5x base cash retainer (i.e., $450,000 in 2024); all directors other than Aslam, Lovett, and Newman had met guidelines as of April 1, 2025 (Sansone is compliant) .
Performance Compensation
| Component | Status | Notes |
|---|---|---|
| Annual cash bonus | Not applicable | Directors do not receive bonuses |
| Performance share units (PSUs) | Not applicable | Director equity is full-value RSUs (time-vest) |
| Options | Not applicable | Director program uses RSUs; no options disclosed |
| Performance metrics (revenue, EBITDA, TSR, ESG) | Not applicable | No performance metrics tied to director pay |
| Clawback on director awards | Not disclosed | Clawback oversight described for executives; not specified for directors |
| 2025 equity increase | Applicable | Annual director equity grant increased from $105,000 to $120,000 for 2025, aligning with peer median |
Other Directorships & Interlocks
| Company | Industry Relationship to ASIX | Role | Conflict Notes |
|---|---|---|---|
| Ingevity (NGVT) | Chemicals adjacency | Director | No related-party transactions requiring disclosure since Jan 1, 2024 |
- Related-party transaction policy requires Nominating & Governance Committee pre-approval of transactions >$100,000 involving related persons; delegated authority to Chair up to $500,000 if not involved; none disclosed since Jan 1, 2024 .
Expertise & Qualifications
- Financial leadership: Former CFO of Vulcan Materials; deep accounting, reporting, controls, capital markets experience .
- Audit and financial oversight: SEC “audit committee financial expert” designation; NYSE financial management expertise .
- Operations and HS&E: Divisional leadership in continuous manufacturing; HS&E committee service .
- Public company governance and M&A: Extensive board and executive experience; regulated industries exposure .
Equity Ownership
| As-of Date | Common Stock | Other Stock-Based Holdings (DCP units) | % of Class | Notes |
|---|---|---|---|---|
| April 1, 2024 | 52,280 | 3,253 | <1% (“*”) | Includes 31,479 shares held indirectly by spouse |
| April 1, 2025 | 40,665 | 3,333 | <1% (“*”) | Includes 31,479 shares held indirectly by spouse |
Unvested RSUs outstanding (Dec 31, 2024):
| Director | RSUs Outstanding |
|---|---|
| Daniel F. Sansone | 4,393 |
Ownership guideline compliance:
- Sansone meets director stock ownership guideline (≥5x base retainer) as of April 1, 2025 .
Governance Assessment
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Strengths:
- Robust audit oversight and financial expertise; Sansone chaired the Audit Committee in 2024 and is designated an audit committee financial expert, supporting confidence in reporting integrity .
- High engagement: Board/committee cadence and ≥80%/≥88% attendance across directors; full attendance at the 2024 Annual Meeting .
- Alignment: Consistent equity grants with hold‑until‑compliance rules; Sansone meets stringent 5x retainer ownership guideline; availability of DCP promotes long-term alignment .
- Shareholder support: Advisory say‑on‑pay approved by ~95% of votes cast at the 2024 Annual Meeting, signaling broad support for compensation governance .
-
Governance evolution:
- Audit Chair transition to Newman effective June 18, 2025 while Sansone remains on Audit and joins Nominating & Governance; this supports succession planning and broader governance contributions .
- Board evaluation processes and CEO one‑on‑ones implemented post‑2024 evaluation indicate continuous improvement .
-
RED FLAGS / Watch items:
- Age-limit waiver to re‑nominate Sansone (age 72) suggests reliance on his expertise; investors should monitor board refreshment balance and succession at committee chair roles .
- External board at Ingevity (industry adjacency) warrants standard related‑party monitoring; however, ASIX discloses no related‑party transactions since Jan 1, 2024 .
Overall, Sansone’s deep finance and operational credentials, prior Audit Chair leadership, and ownership compliance underpin board effectiveness and investor confidence, with minimal conflict signals and an active refreshment posture via committee transitions and evaluation processes .