Shannon Eusey
About Shannon F. Eusey
Shannon F. Eusey (age 55) is an independent director of Banc of California (BANC) since 2021. She is the Chief Executive Officer and co-founder of Beacon Pointe Advisors (founded in 2002), a $45+ billion registered investment advisory firm; she holds a B.A. from UC Irvine (Division I volleyball) and an MBA from UCLA Anderson. Her biography highlights expertise in talent management, operations, marketing, risk, and technology, which the Board relies on; she is confirmed independent under NYSE standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Roxbury Capital Management, LLC | Senior Managing Director & Portfolio Manager | 1994–2002 | Led socially responsible investments, asset allocation, and equity strategy for Private Client Group |
External Roles
| Organization | Type | Role | Tenure/Status | Notes |
|---|---|---|---|---|
| Beacon Pointe Advisors | RIA | Chief Executive Officer; Co-founder | 2002–present | Built to $45+ billion AUM |
| Canaccord Genuity | Capital markets | Board/advisory participation | Unspecified | “Serves or has served” on boards/advisory boards; role not specified |
| Viewpoint Ventures | VC | Advisory Board | Unspecified | Advisory role |
| Bento Engine, Inc. | Fintech | Advisory Council | Unspecified | Advisory role |
| Charles Schwab | Financial services | Advisory Council | Unspecified | Advisory role; potential ecosystem interlock to monitor |
| National Network to End Domestic Violence | Non-profit | Vice Chairman, Board of Directors | Unspecified | Community leadership |
| Friends of the Girl Scouts Council of Orange County | Non-profit | Trustee | Unspecified | Community leadership |
| UCI Athletic Fund | Non-profit | Board Member | Unspecified | Community leadership |
Board Governance
- Committee assignments: Member, Compensation, Nominating & Corporate Governance (CNG) Committee; Member, Enterprise Risk (ER) Committee. She is not a committee chair.
- Independence: Listed as independent; 11 of 12 directors are independent; she is nominated for a one-year term with unanimous CNG recommendation.
- Attendance and engagement: In 2024, Board held 8 meetings; Audit 13, CNG 7, Risk 9, Finance 5. Each director attended at least 75% of combined Board and committee meetings; independent director sessions held regularly.
- Risk oversight: ER Committee (chaired by Mary Curran) oversees enterprise risk management, compliance, information security/cybersecurity, disaster recovery/business continuity, fiduciary activities, and credit processes.
- Governance processes: Annual self-assessments and peer evaluations; CNG uses results to refine Board composition and committee roles.
Fixed Compensation
| Year | Cash Retainer ($) | Stock Awards ($) | All Other Comp ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 80,000 | 80,007 | 641 | 160,648 |
- Notes: “All Other Compensation” reflects cash dividends paid on stock awards; equity awards reflect annual retainer and committee service, valued using closing price before grant and amortized over vesting.
Performance Compensation
| Award Type | Grant Year | Number of Units | Vesting Schedule | Performance Metrics | Options (Strike/Expiration) |
|---|---|---|---|---|---|
| RSUs | 2024 | 5,366 | Vests in full on May 9, 2025 | None disclosed for director RSUs (time-based) | None disclosed |
Other Directorships & Interlocks
| Organization | Public Company | Role | Potential Interlock/Conflict Commentary |
|---|---|---|---|
| Canaccord Genuity | Yes (CG) | Board/advisory participation (unspecified) | Capital markets exposure; monitor for related-party dealings; none disclosed for Eusey |
| Charles Schwab Advisory Council | Yes (SCHW) | Advisory Council | Financial services ecosystem overlap; Outside Business Activity and Related Party policies govern conflicts |
| Viewpoint Ventures Advisory Board; Bento Engine Advisory Council | Private | Advisory roles | Early-stage/fintech insight; monitor for bank vendor relationships; none disclosed |
| Non-profit boards (NNEDV, Girl Scouts OC, UCI Athletic Fund) | N/A | Leadership roles | No related-party concerns indicated |
Expertise & Qualifications
- CEO experience in scaling a large RIA with domain knowledge in risk, technology, talent, operations, and marketing; adds customer-centric wealth perspective to a bank board.
- MBA (UCLA Anderson) and UC Irvine undergraduate background; experienced director/advisor across financial services and non-profit sectors.
Equity Ownership
| Metric | Amount |
|---|---|
| Voting Common Stock Owned | 18,251 shares |
| RSUs/PSUs vesting within 60 days of Record Date | 5,366 shares |
| Total Beneficially Owned | 23,617 shares |
| Percent of Shares Outstanding | <1% (based on 158,815,404 shares) |
| Aggregate Unvested RSUs Outstanding (12/31/2024) | 5,366 |
- Director stock ownership guidelines: Non-employee directors must own stock or equivalents equal to 5× the annual cash retainer within five fiscal years; as of Dec 31, 2024, each director complied, with allowance for tenure under five years.
- Pledging/hedging: Insider Trading Policy governs trading and blackout compliance; no pledging or hedging by Eusey disclosed in the proxy.
Governance Assessment
- Committee impact: Service on ER and CNG aligns with her risk and talent expertise; ER oversight of cybersecurity, compliance, and credit processes is material for investor confidence in a post-merger bank.
- Independence and process rigor: Confirmed independent; CNG membership fully independent; use of independent compensation consultant (Meridian) and annual Board/committee self-assessments support governance quality.
- Attendance: Met the ≥75% attendance threshold across Board/committee meetings; independent director sessions held regularly, indicating engagement.
- Pay and alignment: Director pay split is roughly 50/50 cash/equity; RSUs time-based with clear vest date; director ownership guidelines in place and reported compliant—positive alignment signal.
- Related-party controls: Robust Related Party Transaction Policy and Outside Business Activity Policy administered by the CNG Committee; proxy enumerates material related-party transactions (e.g., Warburg agreements) without mentioning Eusey—no specific related-party exposure disclosed for her.
- RED FLAGS: None explicitly disclosed for Eusey (no pledging, no hedging, no related-party transactions noted; options repricing and gross-ups not applicable to directors in the proxy). Continue monitoring potential ecosystem interlocks (e.g., Schwab/Canaccord) and any Beacon Pointe relationships with the Bank; policies require prior approval and independence safeguards.