Kenneth T. Lamneck
BENCHMARK ELECTRONICSAbout Kenneth T. Lamneck
Independent director at Benchmark Electronics, Inc. (BHE) since 2013; age 70. Serves on the Audit Committee and chairs the Nominating, Sustainability and Governance (NSG) Committee. Former CEO of Insight Enterprises (2010–2021) with prior senior roles at Tech Data and Arrow Electronics; early career at IBM after five years of service in the U.S. Army. Education: BS, U.S. Military Academy at West Point; MBA, University of Texas at El Paso .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Insight Enterprises, Inc. (NASDAQ:NSIT) | President, CEO, Director | 2010–2021 | Led global technology solutions integrator |
| Tech Data Corporation | President, the Americas | 2004–2009 | Led U.S., Canada, Latin America operations |
| Arrow Electronics | President, Arrow/Richey Electronics; President, Industrial Computer Products | 1996–2003 | Executive leadership across distribution businesses |
| IBM | Engineer | Not disclosed | Early technical role post-Army service |
| United States Army | Officer | 5 years | Foundational leadership experience |
External Roles
| Company | Role | Committees |
|---|---|---|
| Fidelity National Information Services, Inc. (NYSE:FIS) | Director | Chair: Corporate Governance, Nominating & Sustainability; Member: Compensation, Executive Committees |
Board Governance
- Committee assignments: Audit (Member); Nominating, Sustainability & Governance (Chair) .
- Independence: Board determined all directors other than the CEO (Benck) are independent under NYSE and SEC standards; Lamneck is a non-employee director .
- Attendance: Board held 5 meetings in 2024; each director attended ≥75% of the total Board and committee meetings; all directors attended the prior year’s annual shareholder meeting .
- Committee meetings in 2024: Audit (8), Human Capital & Compensation (4), NSG (4) .
- Executive sessions: Non-employee directors meet regularly without management .
- Structure: Roles of Board Chair and CEO are separated to enhance independence and accountability .
Fixed Compensation
| Component (2024) | $ Amount | Notes |
|---|---|---|
| Annual Board Retainer | $70,000 | Cash |
| NSG Committee Chair Retainer | $15,000 | Cash |
| Audit Committee Member Retainer | $10,000 | Cash |
| Total Fees Earned (Lamneck, 2024) | $95,000 | Reported in Director Summary Compensation Table |
- Cash program changes: Effective August 2024, Board Chair retainer +$10,000; Audit Chair +$5,000; director RSU value increased to $170,000 from prior $150,000 .
Performance Compensation
| Equity Component (2024) | Grant Value $ | Vesting | Units Outstanding | Notes |
|---|---|---|---|---|
| RSUs (Lamneck) | $170,000 | Time-based; 1-year vest | 4,038 (unvested at 12/31/24) | Grants at annual shareholders meeting; no options granted to directors |
| RSUs vesting within 60 days (as of 3/21/2025) | — | — | 4,038 | Included in beneficial ownership footnote |
- Performance metrics: Non-employee director RSUs are time-based; no performance conditions; no stock options granted to directors in 2024 .
- Anti-hedging/pledging: Directors and executives are prohibited from pledging, hedging, short selling, or engaging in speculative practices in BHE securities .
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Compensation Committee interlocks | None disclosed for 2024; all members independent; no interlocking relationships requiring Item 407(e)(4) disclosure . |
| Related-party transactions | None since the beginning of last year; Board reviews any proposed related-party transactions case-by-case; no written RPT policy . |
Expertise & Qualifications
- 30+ years leadership across global hardware, software, and services, including CEO experience and international operations .
- Governance expertise: Chairs BHE’s NSG Committee; governance chair at FIS; oversight of ESG and board composition .
- Education: BS (West Point), MBA (UT El Paso) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Common shares beneficially owned | 66,837 | As of March 21, 2025 |
| Ownership % of outstanding shares | <1% | As disclosed |
| RSUs vesting within 60 days of 3/21/2025 | 4,038 | Included in footnote (beneficial ownership) |
| Unvested RSUs (12/31/2024) | 4,038 | Director table |
| Director ownership guideline | $350,000 minimum within 5 years | All directors in compliance or progressing |
| Hedging/pledging | Prohibited | Policy applies to directors |
Governance Assessment
- Strengths: Independent director; chairs NSG Committee with ESG oversight; consistent attendance; separated Chair/CEO roles bolster board independence; robust anti-hedging/pledging policy and director ownership guidelines; director pay mix balanced with meaningful equity ($170,000 RSUs) supporting alignment .
- Shareholder signals: Executive say-on-pay support exceeded 96% at 2024 meeting, indicating broad investor confidence in compensation governance; committee uses independent consultant and maintains double-trigger change-in-control features for executives (framework discipline) .
- Potential red flags to monitor: Board does not maintain a written related-party transaction policy (though none were approved and none occurred in the period); ensure continued oversight given case-by-case approach .
- Compliance/filings: Section 16(a) filings were timely for directors in 2024; one late Form 3 concerned the interim CFO (not a director), reducing filing risk flags for Lamneck .
Overall, Lamneck’s governance profile reflects deep operating and board experience, independent oversight as NSG chair, and solid alignment via director equity and ownership policies, with limited conflict indicators disclosed and no attendance or filing concerns noted .