Lane T. LaMure
About Lane T. LaMure
Lane T. LaMure (age 50) is an independent director of CKX Lands, Inc., serving since 2021. He is Founder and Chief Investment Officer of Enlight Capital Advisors, with over 20 years of public and private investment experience focused on real estate and real estate-related opportunities, which the board cites as qualifications for CKX’s land and real estate-centric mandate . The board has determined LaMure is independent under NYSE American rules and eligible for Audit Committee service under Rule 10A‑3 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Various public and private investment funds | Executive positions focusing on real estate and real estate-related investments | Prior to founding Enlight (details not itemized) | Real estate investment track record emphasized in board qualifications |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Enlight Capital Advisors | Founder & Chief Investment Officer | Since 2012 | Private investment advisor to family offices and individuals |
Board Governance
- Committee assignments: Audit Committee member; Nominating Committee member (not a chair) .
- Independence: Board determined LaMure is an “independent director”; also independent for Audit Committee under NYSE American and Rule 10A‑3 standards .
- Board structure: President W. Gray Stream serves as Board Chair; Lead Independent Director role held by Eugene T. Minvielle with defined responsibilities (agenda approval, liaison, executive sessions, shareholder communications) .
- Meetings and engagement: Board met five times in 2024; independent directors met once in executive session. Directors are requested to attend the Annual Meeting; four directors attended the 2024 Annual Meeting .
- Committee activity context: Audit Committee held four meetings; Compensation Committee held no meetings; Nominating Committee held no meetings in 2024 .
Fixed Compensation
| Component | Amount |
|---|---|
| Board of Directors meeting fee – Chairperson | $1,000 per regular meeting |
| Board of Directors meeting fee – Member attending | $600 per regular meeting |
| Board of Directors meeting fee – Member non‑attending | $200 per regular meeting |
| Audit Committee fee | $1,000 (committee fee line item; fees otherwise paid only for regular Board meetings) |
| Compensation Committee fee | — |
| Nominating Committee fee | — |
| Director | 2024 Fees Paid |
|---|---|
| Lane T. LaMure | $2,400 |
Notes: The proxy states “Fees are paid only for each regular Board of Directors meeting,” with the table above reflecting the fee schedule; actual payments to LaMure in 2024 were $2,400 .
Performance Compensation
- No stock awards, options, or performance-based director compensation are disclosed for 2024; director compensation presented consists of meeting-based fees, and no equity grants to directors appear in the compensation table .
Other Directorships & Interlocks
| Company | Role | Public Company? | Notes |
|---|---|---|---|
| None disclosed | — | — | LaMure’s biography lists investment leadership roles; no other public company directorships are disclosed for him . |
Expertise & Qualifications
- 20+ years in public and private real estate investing; Founder/CIO of Enlight Capital Advisors .
- Board cites real estate and investment expertise as core qualifications for CKX’s land management business .
- Committee experience on Audit and Nominating supports governance oversight breadth (financial reporting and board composition) .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Class |
|---|---|---|
| Lane T. LaMure | 1,000 | <1% |
Shares outstanding were 2,027,032 as of April 4, 2025 (context for ownership dilution) .
Insider Trading and Section 16
| Person | Filing Issue (most recent fiscal year) |
|---|---|
| Lane T. LaMure | None noted; the proxy reports late Form 4s only for the President and CFO regarding vesting in Feb. 2024 . |
Governance Assessment
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Independence and committee roles: LaMure is confirmed independent and serves on Audit and Nominating—key committees for financial integrity and board composition—supporting board effectiveness without evident conflicts tied to his external roles .
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Attendance/engagement signals: Board held five meetings; while the proxy flags sub‑75% attendance for another director, no attendance concerns are attributed to LaMure. His 2024 director fees total $2,400 under a per‑meeting structure that aligns pay to participation .
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Compensation governance: The Compensation Committee did not meet in 2024, which can constrain formal oversight of pay practices; however, CKX’s director pay is modest and meeting‑based, and executive pay was nil in 2023–2024, reducing near‑term pay risk .
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Conflicts/related parties: No related‑party transactions are disclosed involving LaMure. Related‑party items in the proxy pertain to the President’s affiliations (Stream Wetlands, MSM); MSM provides services without compensation, and the lease includes contingent terms overseen via audit policies .
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Alignment policies: Hedging of company stock is prohibited under CKX’s insider trading policy; derivatives on CKX equity are also prohibited, supporting alignment and reducing risk of misaligned incentives .
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RED FLAGS to monitor:
- Compensation Committee held no meetings in 2024 (oversight cadence) .
- Board Chair is also President; mitigated by Lead Independent Director with robust responsibilities, but concentration of roles remains a structural consideration .