Stephen Fisher
COPARTAbout Stephen Fisher
Stephen Fisher (age 61) is an independent director of Copart, Inc., serving since 2019. He is a seasoned technology executive: President & Chief Product Officer at Salesforce (since June 2025), previously EVP & GM for Next Generation CRM/Unified Data Services (Aug 2024–Jun 2025), and President, Salesforce Platform (Aug 2021–Aug 2024). Before rejoining Salesforce, he was SVP & CTO at eBay (2014–2019), and earlier spent a decade at Salesforce culminating as EVP, Technology . He was added to Copart’s Board in 2019 and to the Audit Committee in 2020 to strengthen cybersecurity oversight .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Salesforce | President & Chief Product Officer | Jun 2025–present | Current executive leadership experience in enterprise cloud; technology and product oversight |
| Salesforce | EVP & GM, Next Gen CRM & Unified Data Services | Aug 2024–Jun 2025 | Data, CRM platform leadership |
| Salesforce | President, Salesforce Platform | Aug 2021–Aug 2024 | Platform-scale product leadership |
| eBay | SVP & Chief Technology Officer | 2014–2019 | Large-scale e-commerce technology operations |
| Salesforce (prior decade) | EVP, Technology | ~2004–2014 (prior to eBay) | Enterprise cloud technology leadership |
| Copart Board | Audit Committee member | 2020–present | Added specifically to bolster cybersecurity oversight |
External Roles
| Organization | Role | Sector | Notes |
|---|---|---|---|
| Salesforce | President & Chief Product Officer | Enterprise software | Current role; prior senior roles at Salesforce |
| eBay (prior) | SVP & CTO | E-commerce | Prior role before 2019 |
No other public company directorships are disclosed for Mr. Fisher in Copart’s proxy .
Board Governance
| Item | Detail | Evidence |
|---|---|---|
| Independence | Independent director under Nasdaq rules | |
| Board tenure | Director since 2019 | |
| Committees | Audit Committee member; not a chair | |
| Audit Committee cadence | 5 meetings in FY2025 | |
| Board meetings FY2025 | 5 meetings; each director attended ≥75% of Board and committee meetings | |
| Lead Independent Director | Daniel J. Englander (role expanded for governance effectiveness) | |
| Cybersecurity oversight | Audit Committee oversees cyber/data protection; Fisher added for expertise |
Fixed Compensation
| Component (FY2025) | Amount (USD) | Notes |
|---|---|---|
| Annual cash retainer | $57,500 | Outside director program cash retainer |
| Committee membership fee | $10,000 | Per committee; Fisher serves on Audit Committee |
| Total cash fees | $67,500 | Fisher’s FY2025 cash fees |
Program structure: no meeting fees; quarterly cash payments; committee chairs receive $20,000 (not applicable to Fisher); reasonable expense reimbursement .
Performance Compensation
| Equity Award | Grant Date | Grant Value | Exercise Price | Term | Vesting | Change-in-Control |
|---|---|---|---|---|---|---|
| Annual stock option (outside director program) | Dec 6, 2024 (2024 Annual Meeting) | $250,000 (grant-date fair value) | $62.08/share | 7 years | 1/12 monthly post-grant over 12 months | Initial/annual awards fully vest upon change-in-control (while serving) |
Notes:
- Outside director equity awards are options only; fair value determined via Black-Scholes; exercise price equals market close on grant date .
- Copart emphasizes alignment: directors realize value only if stockholders do; no discounting/reloading/repricing of options .
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict Notes |
|---|---|---|
| None disclosed | — | Copart reports no compensation committee interlocks or Item 404 relationships for committee members (Fisher is not a compensation committee member) . |
Expertise & Qualifications
- Technology leadership and cybersecurity expertise recognized by the Board (Audit Committee oversight; explicit rationale for Fisher’s addition) .
- Public company board experience (not further specified) .
- Focus areas: enterprise cloud platforms, large-scale data systems, e-commerce operations .
Equity Ownership
| Item | Shares/Units | As-of Date | % of Shares Outstanding |
|---|---|---|---|
| Beneficial ownership (includes options exercisable within 60 days) | 45,861 | Oct 10, 2025 | <1% (company table) |
| Total shares outstanding | 967,834,374 | Oct 10, 2025 | — |
| Calculated ownership % | ~0.0047% | Oct 10, 2025 | Computed from 45,861 / 967,834,374 |
| Aggregate options outstanding (director-specific) | 45,861 underlying shares | Jul 31, 2025 | — |
Ownership alignment policies:
- External director equity ownership policy: directors may not sell unless they hold equity interests (including vested options) ≥3× cash portion of annual director compensation; all directors are in full compliance .
- Anti-hedging/anti-derivatives policy; pledging generally prohibited. Board granted a pledging waiver only to Chairman Willis J. Johnson (up to 20% of his holdings); no such waiver disclosed for Fisher .
Governance Assessment
- Strengths: Independent status; active Audit Committee member; explicit cybersecurity expertise bolstering oversight; consistent attendance (≥75%); director pay heavily equity-linked via options promoting alignment; robust anti-hedging policy and director ownership guidelines (compliance affirmed) .
- Compensation structure: Cash below peer median; equity options above peer median; director equity grants are at-the-money and vest monthly, creating direct linkage to stockholder value; no option repricing; reasonable change-in-control vesting for directors .
- Conflicts/related parties: No related-party transactions disclosed for Fisher; no compensation committee interlocks reported in FY2025; broader company disclosures note family employment for certain insiders (Adair/Meeks), but not linked to Fisher .
- RED FLAGS: None specific to Fisher disclosed. Company-level items to monitor include family employment and the Chairman’s pledging waiver (not applicable to Fisher) .
- Signal for investor confidence: Fisher’s technology/cyber background and Audit Committee role materially enhance Board oversight in a risk area of increasing investor focus; ownership and anti-hedging policies support alignment and risk mitigation .