Adam Levyn
About Adam T. Levyn
Adam T. Levyn is an independent director of Clarivate, serving since October 2020, and a Partner at Leonard Green & Partners (LGP). He previously worked in private equity at KKR (2007–2009) and in Bear Stearns’ Global Industrials Group (2005–2007). He holds a BA in Economics from Princeton University and an MBA from Harvard Business School. Age: 41. He currently sits on Clarivate’s Human Resources & Compensation Committee (HRCC) and was re-nominated for a one-year term at the 2025 AGM pursuant to an Investor Rights Agreement with LGP .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Leonard Green & Partners (LGP) | Partner | 2011–present | Finance/investments; sponsor-designee status at Clarivate |
| Kohlberg Kravis Roberts & Co. (KKR) | Private Equity | 2007–2009 | Deal/portfolio work |
| Bear, Stearns & Co. Inc. | Global Industrials Group | 2005–2007 | Investment banking |
External Roles
| Organization | Role | Tenure | Public/Private | Notes |
|---|---|---|---|---|
| Advantage Solutions, Inc. | Director | Since Oct 2023 | Public | Only current public company directorship disclosed |
| CHG Healthcare Services | Director | Current | Private | Current private board |
| ExamWorks Group, Inc. | Director | Current | Private | Current private board |
| HUB International Limited | Director | Current | Private | Current private board |
| OMNIA Partners, Inc. | Director | Current | Private | Current private board |
| Parts Town LLC | Director | Current | Private | Current private board |
| Service Logic LLC | Director | Current | Private | Current private board |
| CPA Global Limited | Director (prior) | Prior | Private | Prior board service |
| Restorix Health Inc. | Director (prior) | Prior | Private | Prior board service |
| Tank Holdings Corp | Director (prior) | Prior | Private | Prior board service |
| SRS Distribution, Inc. | Director (prior) | Prior | Private | Prior board service |
| United States Infrastructure Corporation | Director (prior) | Prior | Private | Prior board service |
Board Governance
- Committee assignments: Member, Human Resources & Compensation Committee (HRCC). The HRCC met 5 times in 2024 and is composed entirely of independent, non-employee directors under SEC/NYSE criteria; responsibilities include CEO pay setting, plan oversight, risk review of compensation, CD&A review, and recoupment policy administration .
- Independence and nomination: Listed as “Independent” in Clarivate’s proxy. Levyn and Usama N. Cortas were nominated pursuant to the October 1, 2020 Investor Rights Agreement that grants LGP board nomination rights tied to ownership thresholds .
- Attendance and engagement: The Board held six formal meetings in 2024; each director attended at least 75% of Board and committee meetings on which they served. Independent directors meet regularly in executive sessions, and the Board Chair is an independent director (Andrew Snyder) .
- Committee structure updates: In 2024 the Board terminated its Risk & Sustainability Committee, shifting risk oversight to Audit and sustainability oversight to Nominating & Governance .
Committee Assignments (2024)
| Committee | Role | Meetings (2024) | Notes |
|---|---|---|---|
| Human Resources & Compensation | Member | 5 | All members independent; HRCC oversees exec/director pay and recoupment policies |
2025 Director Election Result (AGM held May 7, 2025)
| Nominee | For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Adam T. Levyn | 623,280,366 | 4,831,503 | 10,897,528 | 20,162,438 |
Fixed Compensation
| Component (FY2024) | Amount | Notes |
|---|---|---|
| Fees Earned or Paid in Cash ($) | — | Levyn did not receive director compensation as an affiliate of LGP . |
| Committee/Chair Fees ($) | — | No fees paid to LGP/Onex-affiliated directors . |
| Total ($) | — | Not subject to director share ownership requirement due to LGP affiliation . |
Context (Board program – applies to paid non-employee directors): $85,000 annual retainer; Committee Chair retainers: Audit $30,000; HRCC $30,000; Nominating & Governance $20,000; Finance (from May 2024) $20,000; Non-Executive Board Chair retainer $120,000 in shares .
Performance Compensation
| Equity/Performance Element (FY2024) | Detail | Amount/Terms |
|---|---|---|
| Annual RSU Grant | Standard award for paid directors on AGM date | $165,000 grant value; 23,741 RSUs based on $6.95 price; vest the day before next AGM . |
| Adam T. Levyn RSU/Option Awards | As LGP affiliate, Levyn did not receive equity awards | —; no RSUs/options granted in 2024 . |
| Performance metrics tied to director pay | None disclosed for directors | N/A . |
Other Directorships & Interlocks
- Current public company board: Advantage Solutions, Inc. (since Oct 2023) .
- Sponsor interlocks at Clarivate: LGP has two sponsor-designees on Clarivate’s slate (Levyn and Cortas) pursuant to the Investor Rights Agreement; Exor also has a designee (Heywood) under a separate Investment Agreement .
Expertise & Qualifications
- Finance/private equity and investment experience; prior roles at KKR and Bear Stearns; Partner at LGP; selected for extensive finance and investment expertise .
- Educational credentials: BA Economics (Princeton), MBA (Harvard Business School) .
Equity Ownership
| Ownership Element | Detail |
|---|---|
| Shares Beneficially Owned | — (none reported individually) |
| % of Shares Outstanding | * (less than 1%) |
| Ownership Guidelines | Directors must hold ≥5x annual cash board retainer within 5 years; not applicable to Levyn as LGP affiliate . |
| Hedging/Pledging | Company policy prohibits hedging and pledging of Clarivate securities by directors . |
| Section 16(a) Compliance | Company believes all officers/directors complied with timely Section 16 filings in FY2024 . |
Governance Assessment
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Strengths
- Independent status under NYSE standards and service on a fully independent HRCC that oversees executive pay, risk in comp design, and recoupment policy; committee met 5 times in 2024, indicating active oversight .
- Strong shareholder support in 2025 director election (623.3M For vs. 4.8M Against), signaling investor confidence in board composition and oversight .
- Board practices include independent Chair, regular executive sessions, annual self-evaluations, and 100% independent committees, supporting board effectiveness .
-
Risks and potential conflicts
- RED FLAG: Sponsor affiliation and nomination rights. Levyn is an LGP partner and was nominated under the Investor Rights Agreement granting LGP board seats based on ownership thresholds; concentrated sponsor influence can create perceived conflicts despite formal independence .
- RED FLAG: Alignment optics. Levyn received no cash or equity compensation from Clarivate and is exempt from director share ownership guidelines; beneficial ownership table shows no personal CLVT holdings, which may weaken perceived “skin in the game” alignment versus other directors who receive RSUs and retainers .
- Governance mitigants: Clarivate’s independence determinations, prohibitions on hedging/pledging, and HRCC independence help mitigate alignment and conflict concerns; Section 16 compliance was timely in FY2024 .
-
Shareholder feedback context
- 2024 say‑on‑pay passed with 582,480,148 For vs. 4,825,077 Against (non-binding), providing indirect support for HRCC oversight; all 2024 AGM proposals were approved .
Overall implication: Levyn brings substantial financial expertise and HRCC capacity. However, sponsor-designee status, exemption from director pay and ownership guidelines, and no reported personal holdings introduce alignment optics that investors should weigh against governance mitigants and strong recent election support .