Dana Staggs
About Dana Staggs
Dana Staggs is President of ArrowMark Financial Corp. (BANX), serving since June 2022; he is 52 years old per the 2025 proxy and has been a Managing Director at ArrowMark Partners since 2017 where he leads private direct lending and capital solutions investing . He previously served over 10 years as a U.S. Navy surface warfare officer (Lieutenant Commander) and holds a B.S. in Physics from the U.S. Naval Academy and an MBA from William & Mary’s Mason School of Business . BANX is externally managed; the company discloses that executive officers receive no compensation from the company (comp is paid by the adviser), limiting company-level pay-for-performance disclosures for executives like Staggs . As of the most recent record date in 2025, Staggs reported “Over $100,000” in BANX stock ownership, indicating personal alignment with shareholders within the constraints of the proxy’s dollar-range reporting format .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| ArrowMark Partners | Managing Director; leads private direct lending/capital solutions | Since 2017 | Sources, structures, and manages non-control private equity and private debt investments . |
| Goldman Sachs & Co. | Private credit/related roles | Not disclosed | Relevant experience in private credit prior to ArrowMark . |
| Barclays Private Credit Partners LLC | Private credit/related roles | Not disclosed | Relevant experience in private credit prior to ArrowMark . |
| GE Capital | Private credit/related roles | Not disclosed | Relevant experience in private credit prior to ArrowMark . |
| U.S. Navy | Surface Warfare Officer (Lieutenant Commander) | 10+ years | Leadership/operations background prior to finance career . |
External Roles
- No public company directorships or external board roles for Staggs are disclosed in BANX’s recent proxies and offering documents; executive officer listings and bios do not list external roles .
Fixed Compensation
BANX is externally managed; the company reports that no officers receive compensation from the company. Accordingly, base salary, bonus, and equity awards paid by BANX to executive officers (including the President) are $0.
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Company-paid base salary (Dana Staggs) | $0 | $0 |
| Company-paid bonus (Dana Staggs) | $0 | $0 |
| Company-paid equity/stock awards (Dana Staggs) | $0 | $0 |
| Total company-paid compensation (Dana Staggs) | $0 | $0 |
The proxies explicitly state: “No officers of the Company received compensation from the Company.”
Performance Compensation
- Not applicable at the company level. BANX discloses no company-paid incentive plans, performance metrics, or vesting schedules for executive officers because officers are compensated by the external adviser, not by the company .
Equity Ownership & Alignment
Dollar-range ownership is disclosed rather than exact share counts; BANX also reports insider group ownership as a percentage of shares outstanding and 5% holder status at each record date.
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Dana Staggs ownership (proxy dollar range) | $50,001 – $100,000 | Over $100,000 | Over $100,000 |
| Directors & officers as a group (% of common) | 0.86% | 0.82% | 0.71% |
| Shares outstanding at record date | 7,106,557 (Apr 21, 2023) | 7,116,775 (Apr 23, 2024) | 7,126,812 (Apr 22, 2025) |
| 5%+ holders disclosed | ArrowMark Colorado Holdings 7.1% | ArrowMark Colorado Holdings 6.27% | None |
Additional alignment/lending practices:
- Pledging/hedging policies: No pledging or anti-hedging disclosures specific to executives found in the recent proxies .
- Ownership guidelines: No executive stock ownership guideline disclosures found in the proxies .
Employment Terms
| Term | Disclosure |
|---|---|
| Current role | President, since June 2022 . |
| Service basis | Executive officers are elected by, and serve at the pleasure of, the Board . |
| Employment agreement with BANX | Not disclosed; company states officers receive no compensation from BANX (externally managed structure) . |
| Severance/change-in-control terms | Not disclosed in proxies; no company-level severance multiples or CIC triggers for officers are provided . |
| Section 16(a) compliance | Company states all required insider reports were filed for 2024, except a late Form 4 for Director Emrich; no exceptions noted for Staggs . For 2023, a late Form 4 was noted for Emrich; no exceptions noted for Staggs . |
Investment Implications
- Pay-for-performance visibility: Because BANX is externally managed and pays no officer compensation, there is no company-level disclosure of Staggs’ salary/bonus/equity incentives, targets, or performance metrics, limiting analysis of direct pay-performance alignment at the issuer level .
- Skin-in-the-game: Staggs’ “Over $100,000” ownership in 2024–2025 suggests personal capital at risk, although the proxy’s dollar-range format prevents precise share and vesting analysis; no pledging/hedging disclosures were identified .
- Retention and contract risk: With no company-disclosed employment agreements, severance, or CIC provisions, retention economics at the issuer level are opaque; any economics likely sit at the adviser, outside BANX’s proxy disclosures .
- Trading signals: Proxies indicate no Section 16 filing delinquencies for Staggs in 2023–2024 (exceptions noted only for a director), but proxies do not detail insider transaction patterns; monitoring future Form 4s would be necessary to assess potential selling pressure or vest-driven overhangs .
Bottom line: Executive compensation levers and retention terms for Staggs are largely housed at the external adviser and are not visible in BANX’s proxies, constraining pay-for-performance and severance/CIC analysis; investor alignment rests mainly on disclosed personal ownership, which is reported only in dollar ranges without pledging/hedging detail .