Mark Myers
Beam GlobalAbout Mark Myers
Beam Global’s Chief Operating Officer since January 2024, Mark Myers (age 49 as of August 25, 2025) brings 20+ years of operations leadership across automotive, defense, consulting, and the U.S. Navy, with advanced degrees in Executive Leadership (USD) and Engineering Management (Old Dominion), and a B.S. in Naval Architecture & Marine Engineering (Webb Institute) . During his tenure period, company performance metrics show net revenues moved from $67.353M (2023) to $49.336M (2024), while proxy TSR (value of a fixed $100 investment) declined from $10 to $4, providing context for incentive alignment and pay-versus-performance assessment .
Company-level performance context:
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Net Revenues (USD ‘000) | 67,353 | 49,336 |
| TSR – Value of $100 Investment | $10 | $4 |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| thyssenkrupp Bilstein of America | Senior Director of Operations | 2021–2024 | Led manufacturing, supply chain, distribution, and quality for aftermarket shocks/suspension; scaling and efficiency focus |
| General Atomics Electromagnetic Systems | Director of Manufacturing Operations | 2010–2021 | Directed complex manufacturing ops for defense/industrial programs |
| McKinsey & Co. | Management Consultant | 2007–2010 | Advised on operations and transformation initiatives |
| United States Navy (Nuclear) | Nuclear Navy Officer | 1998–2006 | Leadership in nuclear power, systems testing, and operations |
External Roles
- No public-company board or external directorships disclosed in the proxy/8-K biography sections for Myers .
Fixed Compensation
| Component | Terms/Amount | Notes |
|---|---|---|
| Annual Base Salary (Offer) | $250,000 | Per offer letter dated Dec 19, 2023 |
| Target Annual Bonus | Up to 50% of base salary | Performance metrics set by company |
| Salary Paid (FY2024) | $231,369 | Reflects 2024 payroll accruals |
| Actual Bonus Paid for 2024 Performance | $90,000 | Paid in 2025 under the 2024 bonus plan |
Performance Compensation
Annual Bonus Framework (2024)
| Metric | Weighting | Target | Actual/Payout | Vesting/Timing |
|---|---|---|---|---|
| Improved gross margin; international expansion; integration of acquisitions; organizational development | Not disclosed | Up to 50% of base salary | $90,000 bonus for 2024 performance (paid 2025) | Annual cash bonus cycle |
Details: 2024 goals for NEOs included (1) improved gross margin, (2) international expansion, (3) integration of acquired companies to recognize synergies, and (4) organizational development .
Equity Awards (Options)
| Grant Date | Type | Shares | Exercise Price | Vesting | Expiration | 2024 SCT Option Awards ($) |
|---|---|---|---|---|---|---|
| Jan 16, 2024 | Stock Options | 50,000 | $5.90 | Monthly over 4 years starting Jan 31, 2024; ~1,042/month; fully vested by Dec 31, 2027 | Jan 14, 2034 | $235,640 (accounting value reported for FY2024) |
Note: Vesting schedule and monthly cadence per 8-K and proxy; 2024 SCT value reflects accounting recognition, not grant-date fair value .
Equity Ownership & Alignment
| Ownership Snapshot | Shares/Units | Notes |
|---|---|---|
| Beneficial Ownership (as of Aug 25, 2025) | 21,875 | Represents options exercisable within 60 days; “<1%” of outstanding (*) |
| Options – Exercisable (12/31/2024) | 12,500 | Part of 50,000 grant at $5.90 |
| Options – Unexercisable (12/31/2024) | 37,500 | Continues monthly vesting through 2027 |
| Option Exercise Price | $5.90 | Per award terms |
| Option Expiration | Jan 14, 2034 | Per proxy table |
| Shares Pledged | None disclosed | No pledging noted in beneficial ownership table |
Two-period view for vesting progress:
| Measure | 12/31/2024 | 8/25/2025 |
|---|---|---|
| Options exercisable (or within 60 days) | 12,500 | 21,875 (beneficial ownership) |
Stock ownership guidelines for executives were not disclosed in the reviewed materials.
Employment Terms
- Offer letter (Dec 19, 2023): Base salary $250,000; eligible for annual bonus up to 50% of base salary; 50,000 stock options at $5.90, vesting monthly over four years starting Jan 31, 2024 .
- Change in Control (CIC) Severance Benefit Plan (adopted Feb 9, 2021): Myers is a participant; upon qualifying termination (good reason within 3 months prior to or 12 months post-CIC, or termination without cause), eligible for (i) cash severance, (ii) bonus severance, (iii) health premium payments, and (iv) acceleration of vesting as provided in the plan—characteristic of double-trigger CIC protection .
- Individual severance multiple or non-CIC severance terms for Myers are not specified in the proxy/8-K excerpts reviewed.
Risk Indicators & Red Flags
- Section 16 compliance: One late Form 3 and one late Form 4 for Mark Myers were reported for 2024 events .
- Related party transactions: None with Mark Myers disclosed .
- Insider Trading Policy: Company policy in place governing insider transactions (filed as a 10-K exhibit) .
- Ownership/pledging: No pledging disclosed; beneficial ownership remains <1%, which limits direct equity alignment vs. large holders but is supported by ongoing monthly option vesting .
Performance & Track Record Highlights
“Proven manufacturing and operations executive… scaling high-growth organizations with strong gains in efficiency… managed large-scale commercial and government projects with budgets of over $100 million.” – Company press release announcing Myers as COO .
- CEO commentary emphasized Myers’ fit for Beam’s expanding multi-plant footprint and focus on profitability, standardization, and operating leverage .
- Myers’ biography underscores leadership across automotive, defense manufacturing, and nuclear operations—relevant to Beam’s manufacturing scale-up .
Compensation Structure Analysis
- 2024 pay mix included cash (salary plus $90k bonus) and equity (options), with a significant at-risk component via options that vest monthly through 2027, aligning retained tenure with value creation .
- Annual bonus metrics centered on operational and strategic execution (gross margin improvement, international expansion, integration of acquisitions, and org development), aligning with COO remit; specific weightings were not disclosed .
- No repricing/modification of Myers’ options disclosed; no tax gross-ups, clawback applications, or related-party arrangements reported in reviewed materials .
Investment Implications
- Alignment and incentives: Monthly vesting of 50,000 options through 2027 supports retention and links upside to sustained execution; however, current direct ownership is under 1%, moderating “skin-in-the-game” alignment absent further accumulation .
- Execution focus: Track record in lean transformations and multi-site operations dovetails with Beam’s focus on gross margin improvement and integration of recent acquisitions—key metrics used in 2024 bonus design .
- Governance/controls: Minor late Section 16 filings noted; otherwise, no related-party issues disclosed; COO covered under double-trigger CIC protections, which can stabilize leadership through strategic transactions but may increase costs upon change-of-control .
- Performance backdrop: 2024 revenue and TSR trends highlight a challenging environment; successful operational improvements under Myers could be a lever for margin and cash flow inflection, a key watch item for investors .