Jennifer Deason
About Jennifer Deason
Independent director of Concentrix since December 2020; age 49. She is CEO of Home Partners of America (Blackstone portfolio company) and brings CFO/operating experience in consumer-focused, technology-enabled businesses; MBA (Stanford) and BA (Yale). She serves on the Audit Committee and Nominating & Governance Committee and is designated by the Board as an Audit Committee financial expert. The Board has determined she is independent under Nasdaq rules. Attendance in FY2024: 100% of Board and committee meetings.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Belong Acquisition Corp (NASDAQ: BLNG) | Chief Executive Officer | Jul 2021–May 2022 | Led SPAC; later Chairwoman Jul 2021–Jul 2023 |
| the dtx company | Co-Founder, CFO & Chief Business Officer | May 2019–Jul 2021 | DTC incubator/investment; operating/finance leadership |
| Sotheby’s | EVP, Head of Strategy & Business Development | 2016–2018 | Corporate strategy and M&A |
| The Weather Channel | Chief Financial Officer | 2014–2016 | CFO oversight |
| Bain Capital, LP | Executive Vice President; interim operating roles (President, CMO, CFO) | 2008–2016 | Board member of portfolio companies; operating execution |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Home Partners of America (Blackstone) | Chief Executive Officer | Feb 2023–present | CEO of single-family housing platform |
| MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) | Director | Jul 2021–present | Public company board experience |
| DHI Group, Inc. (NYSE: DHX) | Director (prior) | Jul 2016–Apr 2023 | Prior public company directorship |
Board Governance
- Committees: Audit; Nominating & Governance. Audit Committee meetings in 2024: nine; Nominating & Governance meetings in 2024: four. Deason is designated an Audit Committee financial expert.
- Independence: Board determined Deason meets Nasdaq independence standards.
- Attendance & engagement: Directors collectively attended 100% of Board and committee meetings; all directors attended the 2024 Annual Meeting.
- Board composition and leadership: Separate Chair and CEO; fully independent Audit, Compensation, and Nominating & Governance committees.
Fixed Compensation
| Component | Deason Amount (FY2024) | Program Terms |
|---|---|---|
| Board annual cash retainer | $85,000 | $85,000 annual Board member retainer |
| Audit Committee member retainer | $15,000 | $15,000 member; $15,000 chair additional retainer |
| Nominating & Governance Committee member retainer | $10,000 | $10,000 member; $10,000 chair additional retainer |
| Meeting fees | $0 disclosed | No separate meeting fees disclosed; retainer-based |
| Cash fees total (FY2024) | $110,000 | Sum of retainers (Board + Audit + N&G) |
| All other compensation (dividends on unvested RSUs) | $3,055 | Dividends on unvested director equity |
Performance Compensation
| Equity Element | Deason Amount | Vesting/Structure |
|---|---|---|
| Annual director equity grant (RSUs) | $174,973 grant-date fair value (FY2024) | Annual RSUs vest in full on earlier of the one-year anniversary of grant or next annual meeting following grant date; standard annual equity grant value $175,000 |
| Unvested RSUs outstanding (as of Nov 30, 2024) | 2,780 RSUs | Standard director grant; time-based vest (not performance-based) |
Note: Concentrix’s director equity awards are time-based RSUs; no director performance metrics are tied to director compensation.
Other Directorships & Interlocks
| Company | Relationship to CNXC | Potential Interlock/Conflict |
|---|---|---|
| MasterCraft Boat Holdings (current director) | No CNXC-related transaction disclosed | None disclosed in CNXC related-party section |
| Home Partners of America (current CEO) | No CNXC-related transaction disclosed | None disclosed in CNXC related-party section |
| DHI Group (prior director) | No CNXC-related transaction disclosed | None disclosed in CNXC related-party section |
Expertise & Qualifications
- Financial/operating expertise: Former CFO (Weather Channel), EVP Strategy (Sotheby’s), Bain Capital operating roles; Audit Committee financial expert designation.
- Industry experience: Consumer-focused, technology-enabled businesses; investment and operating background.
- Education: MBA, Stanford; BA, Yale.
Equity Ownership
| Holder | Common Shares Owned | Options Exercisable within 60 Days | RSUs/Settlements within 60 Days | Total Beneficial Ownership | % of Shares Outstanding | Pledged Shares |
|---|---|---|---|---|---|---|
| Jennifer Deason | 3,350 | — | 2,780 | 6,130 | <1% | None pledged (unless otherwise indicated; none indicated) |
- Director stock ownership guidelines: Required to beneficially own shares equal to 5x annual Board retainer ($85,000), with a 5-year compliance window; Board reports non-employee directors are in compliance based on the transition period.
- Hedging policy: Directors prohibited from hedging, short sales, and derivative transactions in CNXC securities.
Governance Assessment
- Board effectiveness: Deason is an active, independent director with 100% attendance and Audit Committee financial expert status—positive signal for oversight quality.
- Compensation alignment: Director pay mix balances cash retainers with equity RSUs that vest around the annual meeting; ownership guidelines strengthen alignment; no tax gross-ups for executives and robust clawback policy (company-wide governance signals).
- Conflicts/related-party exposure: No related-party transactions disclosed involving Deason; Board’s related-party review framework is robust.
- Time commitments: Corporate Governance Guidelines require capacity review; Board assessed outside commitments and attendance/engagement and nominated all directors for re-election—mitigates overboarding risk.
- Shareholder rights and feedback: 2024 say-on-pay approval ~93.4% (supportive of compensation governance); Board moved to eliminate supermajority provisions and proposed 25% special meeting threshold with one-year holding requirement—incremental rights improvement.
- RED FLAGS: None disclosed for Deason—no pledging, no related-party transactions, full attendance.
Overall signal: Independent, financially sophisticated director with full attendance and no disclosed conflicts. Equity-based retainer structure and ownership guidelines support alignment; governance enhancements and strong say-on-pay support underpin investor confidence. **[1803599_0001803599-25-000063_cnxc-20250212.htm:23]** **[1803599_0001803599-25-000063_cnxc-20250212.htm:26]** **[1803599_0001803599-25-000063_cnxc-20250212.htm:27]** **[1803599_0001803599-25-000063_cnxc-20250212.htm:53]**