Ryan Beres
About Ryan Beres
Ryan Beres, age 34, is an independent Class III director of Concrete Pumping Holdings, Inc. (BBCP) serving since April 2021. He is a Principal at Argand Partners, LP and previously served as a board observer for BBCP from December 2018 to April 2021; earlier in his career he was an Investment Banking Analyst at Goldman Sachs. He holds a B.A. from Hamilton College (cum laude) in Mandarin Chinese with a minor in Government. The Board has affirmatively determined Beres is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Concrete Pumping Holdings, Inc. | Board Observer | Dec 2018 – Apr 2021 | Observed Board prior to election as director |
| Goldman Sachs (NY) | Investment Banking Analyst | Not disclosed | M&A and capital markets across power, energy, chemicals, metals & mining |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Argand Partners, LP | Principal | Not disclosed | Private equity sponsor; Argand manages CFLL Holdings, LLC, which owns 29.1% of BBCP common stock |
| Brintons Carpets Limited | Director | Current | Serves on the board |
Board Governance
- Class III director; current term runs to the 2027 annual meeting of stockholders .
- Independence: Board determined Beres is independent per Nasdaq listing standards .
- Committees: Beres is not listed as a member of the Audit, Compensation, or Corporate Governance & Nominating Committees (current members exclude Beres) .
- Chair/leadership: Chair is Howard D. Morgan (independent), Vice Chair is Brian Hodges (independent); both are non-officers .
- Executive sessions: Independent directors and all Board committees (comprised of independent directors) meet in executive session at each regularly scheduled meeting .
- Attendance: In FY 2024, the Board met 7 times; all directors attended at least 75% of Board and committee meetings for which they served. Nine directors attended the 2024 annual meeting .
- Hedging/pledging: Company policy prohibits hedging, holding securities in margin accounts, and pledging Company stock by directors, officers, and employees .
Fixed Compensation
| Item | FY 2024 Amount (USD) |
|---|---|
| Annual Retainer (Cash) | $112,000 |
| Committee Chair Fees (if applicable) | $0 (Beres is not listed as a chair; total reported compensation equals standard retainer) |
| Meeting Fees | None disclosed (Company pays annual retainers; no meeting fees disclosed) |
| Total Director Compensation | $112,000 |
Director retainers: Non‑employee directors receive $112,000; Chair, Vice Chair/Compensation Chair, and Audit Chair receive an additional $50,000 (total $162,000) .
Performance Compensation
| Item | Details |
|---|---|
| Equity compensation to directors | None disclosed; the proxy states the only compensation paid to directors is cash retainers |
| Performance metrics tied to director pay | Not applicable (no equity or performance-based director pay disclosed) |
Other Directorships & Interlocks
| Entity | Role/Link | Interlock/Ownership | Evidence |
|---|---|---|---|
| CFLL Holdings, LLC | Argand-managed shareholder | Holds 15,477,138 shares (29.1% of common); Argand is the manager; Argand’s Investment Committee includes BBCP directors Morgan and Faust | |
| Argand Partners, LP | Sponsor | Beres is Principal at Argand; Argand manages CFLL Holdings with significant BBCP ownership |
Peninsula Pacific has separate nomination rights under the Stockholders Agreement and designates three directors; current designees: M. Brent Stevens, Stephen Alarcon, and Raymond Cheesman .
Expertise & Qualifications
- Finance and transactions: Private equity principal; prior Goldman Sachs experience in M&A and capital markets across industrial sectors .
- Board experience: Director at Brintons Carpets Limited; prior BBCP board observer .
- Education: Hamilton College, B.A. (cum laude), Mandarin Chinese; minor in Government .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Ryan Beres | – | 0.0% | No beneficial ownership reported |
| CFLL Holdings, LLC (Argand-managed) | 15,477,138 | 29.1% | Argand is manager; substantial sponsor stake |
- Pledging/Hedging: Prohibited by Company policy; applies to directors including Beres .
Governance Assessment
-
Positives
- Independent director with finance/M&A experience and exposure to industrials; adds financial oversight capability .
- Board and committee structures comprised of independent directors; regular executive sessions enhance oversight .
- Strong attendance culture; Board met 7 times and all directors met at least 75% attendance in FY 2024 .
- Hedging/pledging prohibition supports alignment and reduces risk of collateralized positions .
-
Potential concerns/RED FLAGS
- Ownership alignment: Beres reports no beneficial ownership of BBCP shares; directors receive cash retainers without disclosed equity grants, which may limit “skin‑in‑the‑game” alignment .
- Sponsor interlocks: Argand manages CFLL Holdings (29.1% owner) and has two principals (Morgan, Faust) on BBCP’s Board; Beres is also an Argand Principal. While the Board deems them independent, the sponsor presence and multi‑seat influence merit monitoring for conflicts in strategic decisions (e.g., capital allocation, M&A, board refresh) .
- Committee influence: Beres is not listed as serving on Audit, Compensation, or Governance & Nominating committees; limited formal committee involvement could reduce direct influence over key governance levers .
No related-party transactions are disclosed involving Beres; disclosed related-party transactions pertain to facilities leases and family employment linked to other executives .