Sarah Kim
Corsair GamingAbout Sarah Mears Kim
Independent director of Corsair Gaming (CRSR) since December 2021; age 46. Partner at Centana Growth Partners (since January 2023) with prior roles leading private equity/venture and private markets at ICONIQ Capital and Stanford Management Company, and CFO/Business Officer at Archipelago Analytics. Education: B.S. Stanford University; MBA Wharton. Board tenure: Class I director (term to 2027 annual meeting).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Archipelago Analytics | Chief Financial and Business Officer | Aug 2021 – Jul 2022 | AI-driven technology platform; finance and operations leadership |
| ICONIQ Capital Family Office | SVP, Head of Private Equity & Venture Capital | Sep 2019 – Aug 2021 | Led PE/VC; previously Head of Private Markets & Co‑Investments (Feb 2016 – Sep 2019) |
| Stanford Management Company | Director of Private Equity | Aug 2013 – Feb 2016 | Institutional PE program oversight |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Centana Growth Partners | Partner | Jan 2023 – Present | Growth equity investor |
| ABR Reinsurance Capital Holdings Ltd. | Director | Mar 2019 – Sep 2021 | Bermuda-based insurance carrier |
Board Governance
- Independence: The board determined Ms. Kim is “independent” under Nasdaq rules; non-independent directors are Messrs. Majoros, Bagaria, Martin, and Paul and Ms. La.
- Committee assignments: Member, Compensation Committee; not listed on Audit or Nominating & Corporate Governance committees.
- Committee chair roles: None disclosed for Ms. Kim.
- Attendance and engagement: In 2024 the board met 9 times; audit 5; compensation 4; nominating 1. Each director attended at least 75% of meetings of the board and their committees. Independent directors hold regularly scheduled executive sessions.
- Controlled company status: CRSR relies on Nasdaq “controlled company” exemptions due to EagleTree’s >50% voting power; as a result, the compensation and nominating committees are not composed entirely of independent directors.
- Shareholder engagement: Stockholders may contact the board via [email protected] or written correspondence to the Corporate Secretary. Annual meeting attendance is encouraged but not mandatory.
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $65,000 | Director Compensation Program |
| Compensation Committee membership fee | $10,000 | Non-chair member fee |
| Total fees earned (cash) | $75,000 | Ms. Kim’s actual cash fees in 2024 |
Performance Compensation
| Component | 2024 Grant-Date Fair Value | Vesting | Key Terms |
|---|---|---|---|
| RSUs | $104,092 | Annual Awards vest by earlier of 1 year from grant or next annual meeting, subject to service | |
| Stock Options | $99,600 | Annual Awards vest by earlier of 1 year from grant or next annual meeting, subject to service; strike price = FMV at grant | |
| Change-in-control treatment | — | All director equity awards vest in full upon consummation of a Change in Control (as defined in 2020 Plan) |
- Performance metrics: Director equity is time-based; no disclosed performance (PSU/TSR/financial metric) conditions for non‑employee directors.
- Consultant: Compensia advises on market analysis of director compensation; committee affirmed consultant independence.
Other Directorships & Interlocks
| Company | Nature | Interlock/Conflict Note |
|---|---|---|
| ABR Reinsurance Capital Holdings Ltd. | Prior directorship (2019–2021) | No related-party transactions disclosed with CRSR. |
| Compensation Committee Interlocks | Committee disclosure | No interlocks or insider participation reported for compensation committee members in 2024. |
Expertise & Qualifications
- Private equity/venture leadership, institutional private markets, CFO/operations in AI tech; strategic finance and investment oversight.
- Education: Stanford B.S.; Wharton MBA.
Equity Ownership
| Metric (as of Apr 14, 2025 unless noted) | Amount | Notes |
|---|---|---|
| Outstanding shares beneficially owned | 12,549 | Security ownership table |
| Shares exercisable within 60 days | 55,872 | Options/convertible rights within 60 days |
| Total beneficial ownership | 68,421 | Under SEC rules; less than 1% of shares outstanding |
| Options outstanding (12/31/2024) | 46,998 | Director outstanding awards table |
| Unvested RSUs (12/31/2024) | 8,874 | Director outstanding awards table |
| Stock ownership guidelines | None implemented for executives or non‑employee directors (subject to future review) | Policy disclosure |
| Hedging/pledging | Prohibited (short sales, derivatives, hedging, margin, pledging prohibited) | Insider Trading Compliance Program |
Governance Assessment
-
Strengths
- Independent director with deep PE/VC and institutional investment experience; relevant for compensation oversight and capital allocation.
- Attendance threshold met; independent director executive sessions held; clear prohibition on hedging/pledging enhances alignment.
- Transparent director compensation program with standardized cash retainer and equity mix; use of independent consultant (Compensia).
-
Risks and RED FLAGS
- Controlled company reliance: Compensation and Nominating committees include non‑independent EagleTree-affiliated directors, diluting independent oversight; board chair is non‑independent.
- No stock ownership guidelines for directors, reducing formal “skin‑in‑the‑game” requirements.
- Beneficial ownership is <1% for Ms. Kim, with time-based equity; alignment relies on policy (hedging/pledging ban) rather than ownership guidelines.
-
Shareholder signals
- Say‑on‑pay approval was 92.7% at the 2024 annual meeting, indicating broad support for executive compensation design, though not director pay specifically.
Overall: Ms. Kim brings credible investment and finance expertise and serves on the Compensation Committee; however, controlled company exemptions and mixed committee independence are governance headwinds investors should monitor, alongside the absence of director ownership guidelines.