Peter Bordes
About Peter A. Bordes, Jr.
Independent director of Beasley Broadcast Group, Inc. since November 2016; age 62. Background spans media, digital advertising technology, venture capital, and SPAC leadership; B.A. from New England College. Currently CEO of Collective Audience (NASDAQ: CAUD), with prior founder/CEO roles in adtech and performance marketing; prior director and owner of Greater Media, Inc.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Greater Media, Inc. | Director; one of the owners | 2008 – Oct 2016 | Board experience in radio/media operations |
| MediaTrust | Co-Founder & CEO | Jun 2004 – Aug 2011 | Built real-time performance marketing exchange |
| OneQube, Inc. | Chairman & CEO | Jan 2011 – Jun 2019 | Digital audience management platform leadership |
| TruVest | Co-Founder & Director | Jan 2017 – Jun 2019 | Sustainable affordable housing and proptech focus |
| MainBloq | Chairman & Co-Founder | Nov 2018 – Jun 2019 | Digital assets trading platform development |
| Kubient (NASDAQ: KBNT) | CEO | May 15, 2019 – Oct 31, 2020 | Led adtech operations; remains a director |
| Alfi (NASDAQ: ALF) | Interim CEO; Director | Oct 2021 – Jul 2022 (Interim CEO); Director since Mar 2021 | Turnaround/interim leadership in adtech |
| Trajectory Ventures / Trajectory Capital Partners | Founder; Managing Partner | Since Mar 2012 | Venture investments in disruptive innovation |
| Trajectory Alpha Acquisition Corp (NYSE: TCOA) | Executive Chairman & CEO | Since Feb 2021 | SPAC leadership (business combination mandate) |
External Roles
| Organization | Role | Tenure |
|---|---|---|
| Collective Audience (NASDAQ: CAUD) | CEO | Current |
| GoLogiq (OTC: GOLQ) | Director | Since Feb 2023 |
| Kubient (NASDAQ: KBNT) | Director | Since May 2019 |
| Alfi (NASDAQ: ALF) | Director | Since Mar 2021 |
| New England College | Board | Current |
| Fraud.net; Hoo.be; BeeLine; Syncware; Fernhill Corp; Ocearch | Board roles | Current |
Board Governance
- Independence: Board determined Bordes to be independent under NASDAQ rules; non-management directors populate Audit, Compensation, and Governance Committees; BBGI is a controlled company not required to have majority independent board or solely independent comp/nom committees .
- Committee assignments: No disclosure of Bordes serving on Audit, Compensation, or Governance Committees; committee membership lists do not include him .
- Lead Independent Director: Michael J. Fiorile; independent directors meet in executive session after each board meeting .
- Attendance: Board met six times in 2024; each member attended at least 75% of aggregate meetings; all then-current directors attended the 2024 annual meeting .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Board Retainer (Cash) | $65,000 | Standard non-employee director retainer |
| Committee Membership Fees | $0 | Not disclosed as a committee member; fee table does not show incremental fees for Bordes |
| Chair Fees | $0 | Chairs receive $15,000; Bordes is not listed as a chair |
| Total Cash Fees | $65,000 | 2024 cash compensation |
Performance Compensation
| Award Type | Grant Date | Shares/Units | Grant Date Fair Value | Vesting | Status at 12/31/2024 |
|---|---|---|---|---|---|
| RSUs | May 29, 2024 | 1,894 | $25,000 | Vested Dec 31, 2024 | Vested; no unvested awards outstanding |
No performance-based metrics (e.g., TSR, EBITDA) are disclosed for director equity; RSUs are time-vested only .
Other Directorships & Interlocks
| Company | Listing | Role | Potential Interlock/Conflict Relevance |
|---|---|---|---|
| Collective Audience | NASDAQ: CAUD | CEO | Adtech/cloud media—no BBGI related-party transactions disclosed |
| Trajectory Alpha Acquisition Corp | NYSE: TCOA | Executive Chairman & CEO | SPAC; no BBGI related-party transactions disclosed |
| Kubient | NASDAQ: KBNT | Director | Adtech—no BBGI related-party transactions disclosed |
| Alfi | NASDAQ: ALF | Director | Adtech—no BBGI related-party transactions disclosed |
| GoLogiq | OTC: GOLQ | Director | Fintech—no BBGI related-party transactions disclosed |
Expertise & Qualifications
- Digital advertising/media technology CEO experience (Collective Audience; Kubient; Alfi); venture capital and SPAC leadership; extensive adtech/performance marketing operations .
- Prior ownership and board experience in radio media (Greater Media) aligning with BBGI’s industry .
- Education: Bachelor of Arts, New England College .
Equity Ownership
| Holder | Class A Shares | % of Class A | Economic Interest % | Voting Power % | Ownership Details |
|---|---|---|---|---|---|
| Peter A. Bordes, Jr. | 30,116 | 3.1% | 1.7% | <1% | 5,628 shares held of record by Bordes; 24,488 held by the Peter A. Bordes, Jr. 2009 Gift Trust (co-trustee) |
None of the non-employee directors (including Bordes) held outstanding options or unvested stock awards as of Dec 31, 2024 .
Governance Assessment
- Independence and engagement: Bordes is an independent director with at least 75% attendance; participates in executive sessions led by the Lead Independent Director—positive for board oversight .
- Committee effectiveness: Absence from audit/comp/governance committees limits direct committee-level influence; governance/comp oversight currently led by other independent directors (Fiorile, Godridge, Warfield, Smith) .
- Ownership alignment: Material personal stake (3.1% of Class A) via direct and trust holdings supports alignment; voting influence modest given dual-class structure .
- Compensation alignment: Simple mix (cash retainer + time-vested RSUs) with no discretionary meeting fees or option repricing; RSUs fully vested by year-end—low complexity and limited performance linkage for director pay .
- Conflicts/related-party exposure: The proxy discloses multiple related-party transactions with Beasley family entities (leases, share sales), but none involve Bordes—no disclosed related-party transactions tied to Bordes .
- Structural risk: Controlled company status means reduced independence requirements for board/committees, concentrating influence with the Beasley family—ongoing governance risk; mitigated by independent-led committees and executive sessions .
- RED FLAGS: Controlled company structure and extensive related-party transactions with Beasley family entities (leases, equity issuance) create potential governance perception risk; while not linked to Bordes, they affect overall board optics and investor confidence .