Curtis Anastasio
Core Laboratories Inc. /DE/About Curtis Anastasio
Independent director since 2023; age 68; Harvard Law School JD (1981) and Cornell University BA magna cum laude (1978). Former President & CEO of NuStar Energy L.P. (led IPO; 2001–2013) with earlier roles at Ultramar plc; prior corporate attorney in New York City. Currently serves on CLB’s Board and is designated to move from the Nominating Committee to the Audit Committee; qualifies as an “audit committee financial expert.” Attendance was 100% for Board and committee meetings in 2024; independence affirmed under NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NuStar Energy L.P. | President & CEO (led IPO) | 2001–2013 | Grew into Fortune 500; repeated Fortune “100 Best Companies to Work For” and Forbes “Most Trustworthy”; retired end of 2013 |
| Ultramar plc | Various leadership roles across supply, trading, transportation, marketing, BD, legal/regulatory | Began 1988 | Midstream assets later acquired by NuStar; foundation for energy logistics expertise |
| Private practice (NYC) | Corporate attorney | Pre-1988 | M&A, corporate work before energy career |
External Roles
| Organization | Role | Tenure | Committee Roles |
|---|---|---|---|
| Par Pacific Holdings, Inc. | Director; Audit Committee Chair | Current | Chairs Audit Committee |
| The Chemours Company | Director; Audit Committee Chair | Current | Chairs Audit Committee |
| GasLog Partners L.P. | Chairman / Executive Chairman | 2014–2023 | Led IPO (May 2014) |
| Federal Reserve Bank of Dallas | Director | 2014–2019 | Board service |
| United Way of San Antonio & Bexar County; Alamo Area Council, Boy Scouts; National Assoc. of Publicly Traded Partnerships | Chair/Board roles | Various | Community and industry leadership |
Board Governance
- Committee assignments: Member, Nominating Committee through 2024; slated to join Audit Committee after the 2025 AGM to replace retiring director; remains Nominating member until transition .
- Independence: Board affirmed independence under NYSE Section 303A.02; no material transactions with the Company identified .
- Attendance: Board met 4 times in 2024; all directors, including Anastasio, attended 100% of Board and relevant committee meetings .
- Audit Committee expertise: Anastasio, Carnes, and Murray each qualify as “audit committee financial expert” .
- Related-person transactions oversight: Audit Committee reviews and approves per written policy; no related-person transactions >$120,000 in 2024 .
Fixed Compensation
| Year | Cash Fees ($) | Base Retainer ($) | Committee Fees ($) | Notes |
|---|---|---|---|---|
| 2024 | 75,000 | 70,000 | 5,000 (Nominating Committee member) | Paid semiannually; expense reimbursement permitted |
| 2025 (approved) | Base retainer increased to 75,000 | 75,000 | Unchanged schedule vs. 2024 | Board ratified Feb 12, 2025 |
Performance Compensation
| Grant Year | Instrument | Grant Date | Shares | Grant-Date Value ($) | Vesting | Change-in-Control Treatment |
|---|---|---|---|---|---|---|
| 2023 | Restricted Shares (Director Plan) | Effective Apr 1, 2023 | 6,419 | $150,000 equivalent; computed per plan (fair value methodology applies) | One-year; vested Apr 1, 2024 | Full vest on CIC |
| 2024 | Restricted Shares (Director Plan) | Effective Apr 1, 2024 | 9,317 | 159,236 (aggregate grant-date fair value) | One-year; vests Apr 1, 2025 | Full vest on CIC |
| 2025 (approved) | Restricted Shares (Director Plan) | Effective Apr 1, 2025 | 8,067 (price $18.59 on Jan 14, 2025) | $150,000 equivalent | One-year; vests Apr 1, 2026 | Full vest on CIC |
Director equity awards are time-based RS, not performance-based; no options are granted under director programs and hedging/pledging is prohibited .
Other Directorships & Interlocks
| Company | Sector | Role | Potential Interlock Considerations |
|---|---|---|---|
| Par Pacific Holdings, Inc. | Refining, retail, logistics | Director; Audit Chair | CLB serves oil & gas value chain broadly; Board reports no related transactions in 2024 |
| The Chemours Company | Specialty chemicals (fluoroproducts/titanium technologies) | Director; Audit Chair | CLB has industrial end-market exposure; no related transactions reported |
| GasLog Partners L.P. (former) | LNG shipping | Chairman/Executive Chairman; led IPO | Tenure ended 2023; no current interlock |
- Compensation Committee interlocks: None disclosed for 2024 (no cross-director/officer interlocks) .
Expertise & Qualifications
- Deep energy-sector leadership across upstream/midstream/downstream; IPO execution; logistics and trading oversight; governance experience at NYSE-listed companies .
- Financial literacy and audit oversight capability; designated audit committee financial expert for CLB .
- Legal training (Harvard JD) and prior corporate law practice; enhances regulatory and risk oversight .
Equity Ownership
| Item | Amount |
|---|---|
| Beneficial ownership (shares) | 6,419 |
| Shares outstanding (for % calc) | 46,702,192 |
| Ownership as % of outstanding | ~0.0137% (6,419 ÷ 46,702,192) |
| Unvested restricted shares outstanding (as of Dec 31, 2024) | 9,317 |
| Approved 2025 restricted shares | 8,067 |
| Stock ownership guideline | 5x prior-year base retainer; 5-year compliance window |
| Compliance status | All current directors compliant |
| Hedging/pledging/margin policy | Prohibited; strict insider trading windows and preclearance |
Governance Assessment
- Strengths: Independence; 100% meeting attendance; audit financial expert designation; multiple external audit chair roles signal strong financial oversight; compliance with robust ownership and anti-hedging/pledging policies .
- Director pay alignment: Cash retainer modest; equity grants are time-based RS with annual vesting; minimum ownership at 5x retainer supports alignment; 2025 say-on-pay context strong (2024 vote 95.2% approval for NEO comp), indicating broad investor support for compensation governance .
- Conflicts/Related Party Exposure: Board’s policy and audit oversight in place; no related-person transactions >$120,000 in 2024; no compensation committee interlocks .
- RED FLAGS: None disclosed (no hedging/pledging; no attendance issues; no related-party transactions reported). Monitoring items: Multi-board commitments across Par Pacific and Chemours—current CLB attendance and engagement mitigate time-allocation risk; continue to monitor for future transaction intersections or supplier/customer overlaps given sector adjacency .