Julie Kunstler
About Julie Kunstler
Julie Kunstler (age 69) is an independent Class I director at Actelis Networks (ASNS), serving on the Audit, Compensation, and Nominating & Corporate Governance committees; she currently chairs the Compensation Committee . She brings three decades of broadband communications experience as an executive, analyst, investor, and board member; she holds a BA from the University of Cincinnati and an MBA from the University of Chicago .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Omdia (Informa Tech) | Chief Analyst, Broadband Access Intelligence | Nov 2010 – Apr 2024 | Led coverage of fixed broadband ecosystem |
| Teknovus (PON chips) | VP Business Development | 2006 – 2010 | Venture-backed PON technology growth |
External Roles
| Organization | Role | Tenure | Listing/Notes |
|---|---|---|---|
| Ethernity Networks | External Non‑Executive Director | Since Apr 2024 | Traded on the London Stock Exchange |
Board Governance
| Attribute | Details |
|---|---|
| Board class/tenure | Class I director (term expires at 2026 annual meeting) |
| Independence | Determined independent under Nasdaq rules |
| Committee memberships | Audit; Compensation; Nominating & Corporate Governance |
| Committee chair roles | Chair, Compensation Committee |
| Attendance (FY 2024) | Board met 12 times; each member attended ≥80% of board meetings |
| Committee attendance (FY 2024) | Audit met 4 times; each member attended ≥80% |
| Compensation met 1 time; each member attended ≥80% | |
| Nominating & Governance met 1 time; each member attended |
Note: The 2025 proxy reports FY 2024 meeting counts and attendance for current committee members, including Ms. Kunstler .
Fixed Compensation
| Component | Policy Amount | Notes |
|---|---|---|
| Annual board retainer (cash) | $10,000 | Non‑employee directors |
| Committee membership fee (cash) | $2,000 per committee | Applies per committee service |
| Committee chair premium (cash) | +$3,000 | Additional to membership fee for chairs |
| Equity – legacy RSUs (IPO-era) | 2,500 RSUs vesting over 36 months | Granted to prior board members post‑IPO; framework referenced for current policy continuity |
| Equity – annual RSU grants (policy) | RSUs worth $100,000, vest over 36 months | Subject to availability and the 2025 Plan approval; historically applied to prior board members |
2024 director cash outcomes for peers (e.g., $19,000 for full-year service with committee roles) reflect this policy framework .
Performance Compensation
| Program/Plan | Status | Performance Metrics |
|---|---|---|
| Actelis 2025 Equity Incentive Plan | Pending/approved via 2025 proxy proposals; replaces 2015 plan | Metrics may include revenue; EBITDA (adjusted); operating income; EPS; ROE; ROA; cash flow; share price performance; total shareholder return; expense targets; market share/penetration; business expansion/M&A; ESG metrics |
Awards can be structured as RSUs, options, SARs, restricted shares, performance shares/units; change‑in‑control provisions allow assumption, conversion or acceleration depending on deal terms .
Other Directorships & Interlocks
| Company | Relationship to ASNS | Potential Interlock/Conflict |
|---|---|---|
| Ethernity Networks | External directorship | No related‑party transactions disclosed; no ASNS‑specific interlock identified in filings |
Expertise & Qualifications
- Broadband access technology and ecosystem leadership (equipment, components, software)
- Venture and board experience in communications technology sectors
- Education: BA (University of Cincinnati), MBA (University of Chicago)
- Determined independent under Nasdaq rules
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Julie Kunstler | — | — | No beneficial ownership reported as of June 13, 2025 |
| Stock ownership guidelines | Exists (participants must comply with Company guidelines if awards are accepted) | — | Guidelines referenced; specific multiples not disclosed |
Fixed vs. Performance Mix (Director Policy)
| Year | Cash (retainers/fees) | Equity (RSUs/options) | Notes |
|---|---|---|---|
| Policy framework (current) | Board $10k; committees $2k; chair +$3k | Annual RSUs ~$100k (vesting 36 months), subject to plan availability | Specific individual grants to Ms. Kunstler for 2024 not disclosed; 2025 Plan governs forward awards |
Governance Assessment
- Positive signals:
- Independent director with deep sector expertise; chairs Compensation Committee, suggesting active oversight of pay practices .
- Documented committee attendance thresholds met in FY 2024 (≥80% for board and audit), supporting engagement .
- Anti‑hedging policy prohibits speculative transactions by insiders, aligning with governance best practices .
- Watch items / potential RED FLAGS:
- No beneficial ownership reported for Ms. Kunstler as of June 13, 2025 (limited “skin‑in‑the‑game”) .
- Board turnover in 2024–2025 (multiple departures and one appointment) can signal governance transition risk; compensation continuity and institutional memory require monitoring .
- Equity award policy for directors ties to the new 2025 Plan; clarity on actual grants, performance conditions, and ownership guideline enforcement for current directors is pending/incomplete in filings .
- Related‑party/conflicts:
- Company discloses no related‑party transactions since Jan 1, 2024; no loans or payments to entities associated with Ms. Kunstler identified in filings .
Overall, Ms. Kunstler’s independent status, sector expertise, and compensation committee leadership support board effectiveness; investors should monitor her actual equity alignment under the 2025 Plan and ongoing board composition stability .