Andrew Judson
About Andrew Judson
Andrew Judson (age 56) joined Crown LNG Holdings Limited’s board in July 2024 and was appointed Chairman of the Board effective August 2, 2024. He is an independent director with over 20 years of energy-focused finance experience, currently a Senior Advisor at Fort Capital; previously Managing Director at Camcor Partners (2013–2018) and FirstEnergy Capital (2007–2013). He serves as a director of Pieridae Energy Limited (since 2015) and lead director at Condor Energies Inc. (since 2019). Education not disclosed in filings reviewed.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fort Capital | Senior Advisor | Current (as of July 2024) | Energy investment advisory; finance expertise |
| Camcor Partners | Managing Director | 2013–2018 | Private equity, upstream energy investing |
| FirstEnergy Capital | Managing Director | 2007–2013 | Energy investment banking leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Pieridae Energy Limited | Director | Since 2015 | Board oversight; energy sector perspective |
| Condor Energies Inc. | Lead Director | Since 2019 | Board leadership; governance oversight |
Board Governance
- Current role: Chairman of the Board (effective Aug 2, 2024); independent director status confirmed.
- Committee assignments: Not disclosed in available filings (no audit/compensation/nominating committee roles specified).
- Tenure: Director since July 2024; Chairman since Aug 2024.
- Attendance: Not disclosed.
- Lead independent director: Not applicable—he serves as Chairman.
- Executive sessions frequency: Not disclosed.
Fixed Compensation
| Element | Details |
|---|---|
| Director compensation policy | Following the business combination, non‑employee directors will receive varying levels of compensation under a policy to be established; specific amounts not disclosed. |
Performance Compensation
- No director performance-based compensation metrics, equity grant details (RSUs/PSUs/options), vesting schedules, or clawback provisions disclosed for directors in reviewed filings.
Other Directorships & Interlocks
| Company | Sector | Role | Start Year |
|---|---|---|---|
| Pieridae Energy Limited | Energy (LNG/NatGas) | Director | 2015 |
| Condor Energies Inc. | Energy (E&P) | Lead Director | 2019 |
- Potential interlocks/conflicts: Crown LNG operates in LNG infrastructure; Judson’s external energy board roles could create perceived conflicts if Crown engages with these firms as counterparties. No related‑party transactions involving Judson are disclosed in filings reviewed. Monitor future RPT disclosures.
Expertise & Qualifications
- Energy finance and capital markets expertise (FirstEnergy Capital; Camcor Partners; Fort Capital).
- Board leadership experience (Lead Director at Condor; Chairman at Crown LNG).
- Public company governance experience across energy boards.
Equity Ownership
| Record Date | Shares Beneficially Owned | Ownership % |
|---|---|---|
| Jan 30, 2025 | Not listed as a beneficial owner in the proxy table | Not listed |
| Jun 5, 2025 | Not listed as a beneficial owner in the proxy table | Not listed |
- No pledging/hedging disclosures identified for Judson; stock ownership guidelines and compliance status for directors not disclosed.
Governance Assessment
- Strengths:
- Independent Chairman brings seasoned energy finance expertise and public company board experience—positive for capital allocation discipline and strategic oversight.
- External board leadership background suggests familiarity with governance best practices.
- Concerns / RED FLAGS:
- Nasdaq compliance failures culminating in delisting to OTC in July 2025 signal control, disclosure, and listing governance challenges; occurred under current board oversight.
- Repeated reverse share split proposals (February and July 2025 proxies) to address minimum bid price deficiencies—investor confidence risk and potential dilution optics.
- Material going‑concern uncertainty and reliance on highly dilutive, resettable convertible financings—elevated governance scrutiny on financing terms and shareholder protections.
- Lock‑up waivers for major holders post‑listing may increase float and selling pressure; necessitates robust board oversight of market impacts.
Implications: While Judson’s profile strengthens board financial acumen, continued listing setbacks, financing structures with deep resets, and lack of disclosed director pay/ownership alignment warrant close monitoring of board effectiveness, conflict management, and shareholder alignment.
Source Notes
- Appointment and independence; Chair role: Crown LNG Form 6‑K and press release (Aug 2024).
- Biography, external public boards: Crown LNG Form 20‑F (July 2024).
- Beneficial ownership (directors): DEF 14A proxies (Feb 11, 2025; Jun 16, 2025).
- Director compensation framework: Form 20‑F.
- Reverse split rationale and Nasdaq deficiencies: DEF 14A proxies (Feb/Jun 2025).
- Delisting to OTC: Form 6‑K (July 2025).
- Going concern and financing risks: Form 20‑F (risk factors, financing terms).