Anthony Posawatz
Beam GlobalAbout Anthony Posawatz
Anthony Posawatz (age 65) is Beam Global’s Lead Independent Director and has served on the Board since February 2016 . He is a licensed Professional Engineer (Michigan) with a BS in Mechanical Engineering from Wayne State University and an MBA from Dartmouth’s Tuck School; his 40+ year automotive career includes leading GM’s Chevrolet Volt from concept to production and serving as CEO of Fisker Automotive . He is currently President & CEO of Invictus iCAR, LLC, advising energy and auto clean tech companies .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Beam Global (NASDAQ: BEEM) | Independent Director; Lead Independent Director | Director since Feb 2016; Lead Independent Director appointed by the Board | Lead role as independent director, governance oversight |
| Invictus iCAR, LLC | President & CEO | Since Sep 2013 | Advises energy and auto clean tech; industry expertise |
| Fisker Automotive | President, CEO, Director | Aug 2012 – Aug 2013 | Led EV OEM during transition period |
| General Motors | Vehicle Line Director, Chevrolet Volt; EV programs leader | 30+ years (prior to 2012) | Led Volt from concept to production; deep EV operations |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| INRIX | Director | Current | Traffic/analytics; potential industry adjacency to EV infrastructure |
| Lucid Group | Director | Current | EV OEM; sector adjacency |
| Nanoramic Laboratories | Director | Current | Battery/advanced materials; sector adjacency |
| Metalsa | Director | Current | Automotive components; supplier adjacency |
| Zapp EV | Director | Current | Electric motorcycles; sector adjacency |
Board Governance
- Independence: Beam’s Board comprises a majority of independent directors; the Board appointed Posawatz as Lead Independent Director, indicating independence under Nasdaq standards .
- Committee assignments:
- 2025: Chair, Nominating & Governance; Member, Compensation; Member, Equity Oversight .
- 2024: Chair, Compensation; Member, Audit; Member, Nominating & Governance; Member, Equity Oversight .
- Audit oversight: Posawatz is a signatory of the Audit Committee report in 2024 and 2025, evidencing active audit oversight engagement .
- Attendance: In 2024, the Board held 3 meetings and each director attended at least 75% of Board and committee meetings served, indicating acceptable engagement .
- Executive sessions: Independent directors meet at least annually in executive session .
Fixed Compensation
| Year | Cash Fees ($) | Equity Awards – Grant-Date Fair Value ($) | Total ($) |
|---|---|---|---|
| 2024 | 100,000 | 125,000 | 225,000 |
| 2023 | 115,000 | 57,285 | 172,285 |
Director compensation policy (structure):
- Quarterly Board retainer: $15,000; additional quarterly fees: Lead Director $10,000; Audit Chair $5,000; Compensation Chair $3,750; Nominating & Governance Chair $2,500 .
- Annual equity grant: Restricted common stock equal to $125,000 divided by the prior month’s average daily closing price; rounded to nearest 100 shares; vests quarterly in four equal installments .
Performance Compensation
| Compensation Metric | Applied to Director Pay? | Details |
|---|---|---|
| Revenue growth | Not used | Director equity grants are time-based RSAs; no performance metrics disclosed for non-employee directors . |
| EBITDA / margin targets | Not used | No director-level performance criteria cited; equity vests quarterly . |
| TSR percentile / ESG | Not used | Not disclosed for directors; policy specifies fixed-value RSAs . |
Director equity compensation is time-vested and formulaic (fixed $125,000 grant value), without disclosed performance hurdles at the director level .
Other Directorships & Interlocks
| External Company | Segment | Potential Interlock Consideration |
|---|---|---|
| Lucid Group | EV OEM | Sector adjacency; could be customer/supplier ecosystem overlap; no related-party transactions disclosed by Beam . |
| INRIX | Mobility data/analytics | Information flow in transportation domain; no Beam related-party transactions disclosed . |
| Nanoramic Laboratories | Battery tech | Technology adjacency to EV infrastructure; no RPTs disclosed . |
| Metalsa | Auto components | Supplier adjacency; no RPTs disclosed . |
| Zapp EV | Electric motorcycles | EV segment adjacency; no RPTs disclosed . |
Beam states there were no related-party transactions >$120,000 involving directors since January 1, 2024 (and since January 1, 2023 in the prior year’s proxy) .
Expertise & Qualifications
- 40+ years in automotive; led GM’s Chevrolet Volt program from concept to production; extensive EV commercialization expertise .
- Licensed Professional Engineer; BS Mechanical Engineering (Wayne State) and MBA (Dartmouth Tuck) .
- CEO experience at Fisker Automotive and Invictus iCAR; board service across multiple mobility/EV ecosystem companies .
Equity Ownership
| As-of Date | Shares Beneficially Owned | Percent of Shares Outstanding | Unvested/Subject to Forfeiture |
|---|---|---|---|
| Aug 25, 2025 | 130,534 | <1% (“*” per table) | 20,226 shares subject to forfeiture |
| Jul 25, 2024 | 80,001 | <1% (“*” per table) | 5,040 shares subject to forfeiture |
Insider trading policy: Beam maintains a formal Insider Trading Policy filed as a 10-K exhibit; policy covers officers, directors, and designated employees .
Governance Assessment
-
Strengths
- Lead Independent Director designation signals robust independent leadership and enhanced board oversight .
- Deep EV/automotive expertise and prior CEO roles bolster Beam’s strategic guidance in EV infrastructure markets .
- Active committee leadership (Compensation Chair in 2024; Nominating & Governance Chair in 2025) and Audit report signatory reflect governance engagement across pay, nominations, and financial oversight .
- Equity component ($125k annual RSAs) supports alignment with shareholders; standardized vesting promotes retention without short-term bias .
-
Watch items / potential red flags
- Late Section 16 filings: directors, including Posawatz, filed late Form 4s for July 31, 2024 grants (reported August 5, 2024); while administratively minor, repeated late filings can concern governance processes .
- Multiple concurrent external directorships in adjacent EV ecosystem (Lucid, Nanoramic, Metalsa, Zapp EV, INRIX) warrant ongoing conflict-of-interest monitoring; Beam discloses no related-party transactions >$120k, mitigating immediate risk .
- Committee leadership shift from Compensation (2024) to Nominating & Governance (2025) changes direct involvement in executive pay decisions; continuity of pay oversight moves to another chair, which should be monitored for consistency in compensation philosophy .
Committee Composition Snapshot
| Year | Lead Independent Director | Audit Committee | Compensation Committee | Nominating & Governance | Equity Oversight |
|---|---|---|---|---|---|
| 2025 | Posawatz | Report signatory (Posawatz); Chair: Krandel; Member: Syllantavos | Chair: Syllantavos; Members: Krandel, Posawatz | Chair: Posawatz; Members: Krandel, Syllantavos | Members: Posawatz, Syllantavos, Krandel |
| 2024 | Posawatz | Members: Posawatz, Davidson, Syllantavos; Chair: Krandel | Chair: Posawatz; Members: Davidson, Krandel, Syllantavos | Chair: Davidson; Members: Posawatz, Krandel, Syllantavos | Members: Posawatz, Davidson, Krandel, Syllantavos |
Attendance & Shareholder Interaction
- 2024 attendance: ≥75% for all directors across Board and assigned committees .
- Stockholder communications to the Board administered via the Corporate Secretary; Nominating & Governance Committee oversees the procedure .
Compensation Structure Observations
- Pay mix shifted toward equity in 2024 (equity $125k vs. $57k in 2023), with cash fees slightly lower ($100k vs. $115k), signaling stronger long-term alignment and standardized director equity grants .
- Director equity grants are time-based RSAs without disclosed performance hurdles, consistent with common small-cap practice; monitor for future adoption of performance-based director equity if governance needs evolve .
No legal proceedings, loans, or other related-party transactions involving Posawatz are disclosed in Beam’s latest proxies; Audit Committee pre-approves auditor services, supporting independence .