Amy M. Griffin
BumbleAbout Amy M. Griffin
Independent Class II director at Bumble Inc. since February 2021; age 49. Founder and Managing Partner of G9 Ventures with a background in marketing and sports branding; B.A. in English from the University of Virginia. Current non-profit and private board roles include Spanx, Gagosian Gallery, The Metropolitan Museum of Art (trustee), and the women’s board of the Boys’ Club of New York . The Board has affirmatively determined Griffin is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ms. and Working Woman magazines | Marketing roles | Prior to Sports Illustrated (dates not disclosed) | Brand/marketing experience applied to early-stage investing |
| Sports Illustrated | Sports Marketing and Olympic Manager | Prior to founding G9 Ventures (dates not disclosed) | Operating and branding skills leveraged for investing |
| G9 Ventures | Founder & Managing Partner | 2018–present | Early-stage consumer focus; entrepreneurship/investment expertise |
External Roles
| Organization | Role | Public/Private/Non-profit | Notes/Interlocks |
|---|---|---|---|
| Spanx | Board member | Private | Consumer brand board experience |
| Gagosian Gallery | Board member | Private | Arts sector governance |
| The Metropolitan Museum of Art | Board of Trustees | Non-profit | Cultural institution oversight |
| Boys’ Club of New York | Women’s Board | Non-profit | Community engagement |
| One Love Foundation | Advisory Board | Non-profit | Prior advisory role |
Board Governance
- Committee assignments: Nominating & Corporate Governance Committee (member; not chair) .
- Independence: Board determined Griffin is independent (including for committee service) .
- Attendance: In 2024, Board held 5 meetings; Nominating & Governance held 2; all directors attended ≥75% of meetings of the Board/committees during their service .
- Executive sessions: Non-management directors held 4 executive sessions; independent directors not affiliated with Sponsor held 3 separate sessions in 2024 .
- Years on Board: Director since February 2021; current term expires at the 2026 annual meeting (Class II) .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $75,000 | Standard non-employee director retainer |
| Committee membership (Nominating & Corporate Governance) | $10,000 | Standard member retainer (non-chair) |
| Total cash fees (2024) | $85,000 | As reported for Amy M. Griffin |
Policy references: Chair retainers $50,000 (Audit, Compensation, Nominating); committee member retainers $20,000 (Audit), $15,000 (Compensation), $10,000 (Nominating); payable quarterly in arrears .
Performance Compensation
| Equity Award | Grant Date | Grant Value | Units | Vesting Terms |
|---|---|---|---|---|
| Annual RSU grant | June 5, 2024 | $251,791 | Notional; outstanding RSUs at 12/31/24: 21,539 | Annual director RSUs set to grant value $250,000; vest in full on earlier of 1-year anniversary or next annual meeting |
Notes:
- Directors also hold legacy Incentive Units (time- and exit-vesting) from pre-/post-IPO structures; Griffin outstanding as of 12/31/24: 59,943 Time-Vesting Incentive Units; 39,961 Exit-Vesting Incentive Units .
- Director equity is time-based; no performance metrics, TSR hurdles, or ESG targets disclosed for director awards .
Other Directorships & Interlocks
| Company/Entity | Overlap with Bumble Stakeholders | Potential Conflict Assessment |
|---|---|---|
| Spanx; Gagosian; The Met; Boys’ Club of NY; One Love Foundation | No Bumble-related transactions disclosed | No related-party transactions involving Griffin disclosed; Audit & Risk Committee reviews any related person transactions under policy |
Expertise & Qualifications
- Entrepreneur/investor with operating and branding background; consumer focus via G9 Ventures .
- Governance experience across private and non-profit boards .
- Nominating & Governance responsibilities include director selection, governance principles, Board evaluation, CEO continuity planning, and recommending director compensation form/amount .
Equity Ownership
| Holder | Class A Shares Beneficially Owned | % of Class A | Common Units | Notes |
|---|---|---|---|---|
| Amy M. Griffin | 189,222 | <1% | — | As of April 7, 2025; address c/o Bumble Inc. |
| Outstanding awards (12/31/24) | RSUs: 21,539 | — | Incentive Units: Time 59,943; Exit 39,961 | Outstanding director awards; vesting as per policies |
Additional alignment controls:
- Hedging and pledging of Company securities prohibited for directors under Securities Trading Policy; pre-clearance and trading windows required; Rule 10b5-1 plans allowed with pre-clearance .
- Omnibus Incentive Plan awards subject to clawback/recoupment to comply with Board policy and applicable law; standalone Dodd-Frank/Nasdaq-compliant clawback applies to “officers” for financial restatements (director RSUs governed by plan-level recoupment clause) .
Governance Assessment
- Effectiveness: Active Nominating & Governance participation; Board independence affirmed; solid attendance and executive sessions support oversight .
- Compensation alignment: Standardized director pay—modest cash plus fixed-value RSUs; no performance-linked director equity; annual RSU vesting tied to tenure (neutral) .
- Ownership: Personal stake of 189,222 shares plus outstanding RSUs/Incentive Units provides alignment; no pledging permitted under policy .
- Conflicts: No related-party transactions disclosed for Griffin; Company maintains formal Related Person Transaction Policy with Audit & Risk oversight .
- Controlled company context: Sponsor and Founder retain high voting power; Company states it is not relying on governance exemptions currently, but controlled status remains a structural consideration for investors .
RED FLAGS
- Controlled company status concentrates voting power (structural) .
- Director equity is time-based only (no performance metrics), which reduces explicit pay-for-performance linkage for directors (design choice) .
Say-on-Pay & Shareholder Feedback
| Meeting | Result | Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|---|
| 2025 Annual Meeting | Approved | 782,545,500 | 19,034,314 | 30,213 | 12,940,095 |
| Prior year (2024) | Advisory note | 96% approval cited in proxy summary context (executive pay) |
Director Compensation – Detailed (2024 reported)
| Name | Fees Earned/Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Amy M. Griffin | $85,000 | $251,791 | $336,791 |
Outstanding Director Equity (as of 12/31/24)
| Name | Time-Vesting Incentive Units (#) | Exit-Vesting Incentive Units (#) | RSUs (#) |
|---|---|---|---|
| Amy M. Griffin | 59,943 | 39,961 | 21,539 |
Policy Notes
- Annual director RSU value $250,000; number determined by 20-day average price; vest on earlier of 1-year anniversary or next annual meeting .
- Committee retainers and membership fees per policy; Griffin’s cash aligns with $75k base + $10k Nominating member .
Committee Structure & Responsibilities (context)
- Nominating & Corporate Governance (members: Ann Mather—Chair; Amy M. Griffin): director nominations, governance principles, Board evaluation, committee membership recommendations, CEO continuity, director compensation recommendations .
- Board meetings and evaluation cadence established; directors limited to ≤5 public company boards including Bumble; independent sessions held regularly .
Related-Party Transactions
- Company policy mandates Audit & Risk Committee review/approval of any related person transactions >$120,000; none disclosed involving Amy M. Griffin in the latest proxy .
Voting & Governance Structure
- 2025 meeting quorum and high approval rates for proposals; Sponsor and Founder voting power assures passage of director elections and Say-on-Pay .