Myron Williams
About Myron Williams
Myron Williams, age 65, has served as an independent Class III director of The Baldwin Group (BWIN) since January 2022. He brings senior sales and operations leadership from United Parcel Service (UPS), with an MBA from Florida Metropolitan University and a BA in Business Administration from Albany State University. He is a member of the Compensation Committee and the Nominating & Corporate Governance Committee. The Board identifies him as independent under Nasdaq/SEC standards; his current term is up for re‑election through 2028.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| United Parcel Service (UPS) | President, Sales Strategy & Sales Operations | 2013–2017 | Led sales strategy/operations nationally |
| United Parcel Service (UPS) | U.S. Director of Sales; Vice President of Sales; various roles | 1984–2017 | Extensive commercial leadership and field execution |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Atlanta Public Schools CTAE Board | Chairman of the Board | Current | Workforce development oversight |
| PackageX | Advisory Board Member | Current | Technology/logistics advisory role |
| The MARCH Foundation | Vice-Chair of the Board | Current | Philanthropy; community impact |
| Albany State Univ. Center for Advance Logistics Mgmt. | Board Member | Prior | Prior board service |
| 100 Black Men | Board Member | Prior | Prior board service |
Board Governance
- Committee memberships: Compensation; Nominating & Corporate Governance (both fully independent committees). He is not a committee chair.
- Independence: Board determined 8/10 directors are independent, including Williams; lead independent director is Chris Sullivan; independent directors meet in executive session quarterly.
- Attendance: In 2024, Board held 13 meetings (95% average attendance); Compensation Committee held 5 (100% average attendance); Nominating & Corporate Governance held 4 (100% average attendance).
- Term/class: Class III; up for election for a term ending at the 2028 AGM.
Fixed Compensation
| Component | 2024 Amount | Structure/Detail |
|---|---|---|
| Annual Board Retainer (Cash) | $75,000 | Paid quarterly; no per‑meeting fees; reimbursement of reasonable travel expenses |
| Annual Board Retainer (Stock) | $78,474; 2,463 fully vested Class A shares | Granted quarterly; shares determined by quarter‑start closing price; fully vested |
| Committee Chair Fees | N/A for Williams | Audit $20k; Compensation $15k; Nominating $10k; Tech & Cyber $15k (chair fees only) |
| Total 2024 Director Compensation | $153,474 | No retirement benefits, incentive comp, or perquisites for directors |
Director compensation updates effective 2025 (for context):
- Annual Board Retainer increased to $105,000 cash and $105,000 stock; Lead Independent Director retainer $25,000; chair fees as listed above retained.
Performance Compensation
| Performance-linked Element | Status | Notes |
|---|---|---|
| Annual incentive / bonus for directors | None | Directors are not entitled to incentive compensation |
| Options / SARs | Not granted | Company does not currently grant option-like awards |
| PSU/RSU (director program) | Fixed equity retainer | Quarterly fully vested Class A shares; not performance-based |
| Pay metrics tied to director compensation | None disclosed | Director pay is retainer-based |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed for Williams |
| Committee interlocks | Compensation Committee members (Shook, Cohen, Sullivan, Williams) were non‑employees; no cross‑service by Company executives on other issuers’ comp committees (exception noted relates to Sullivan’s outside entity in Related Party section, not Williams) |
| Related-party ties | No Williams‑specific related person transactions disclosed |
Expertise & Qualifications
- Senior sales leadership and large‑scale commercial operations experience from UPS; relevant to revenue growth, go‑to‑market, and client engagement.
- Governance fit: service on Compensation and Nominating & Corporate Governance aligns with human capital, performance oversight, and board composition processes.
- Education: MBA (Florida Metropolitan University); BA (Albany State University).
Equity Ownership
| Holder | Class A Shares | Class B Shares | Ownership % (Class A) | Notes |
|---|---|---|---|---|
| Myron Williams | 9,457 | — | <1% | Beneficial ownership as of April 7, 2025 |
Stock ownership alignment policies:
- Directors are expected to hold at least 5x the annual cash retainer within five years of February 24, 2022 or five years from first election (whichever is later); pledged shares do not count toward compliance.
- Hedging of Company stock by directors is prohibited.
Governance Assessment
- Strengths: Independent director with deep commercial operations background; active member of two key independent committees (Compensation and Nominating & Corporate Governance); strong overall committee attendance (100% averages) signals engagement; director pay mix emphasizes equity retainer supporting alignment; robust governance policies (ownership guidelines, hedging ban).
- Watch items: Broader governance structure includes Stockholders Agreements granting Holders significant approval and nomination rights when ownership thresholds are met; family relationships and certain related‑party transactions elsewhere (e.g., with The Villages and an entity partially owned by director Chris Sullivan) warrant continued monitoring, though none are tied to Williams.
- Say‑on‑Pay signal: 2024 say‑on‑pay support ~91% indicates shareholder acceptance of compensation framework; as a Compensation Committee member, Williams is part of the oversight driving pay‑for‑performance design.
RED FLAGS: None disclosed specific to Williams (no related‑party transactions, pledging, incentive pay anomalies). Structural governance rights under Stockholders Agreements are portfolio‑level considerations, not individual director conduct.