Daniel L. Boehle
About Daniel L. Boehle
Daniel L. Boehle (age 53) is an independent director of Ducommun Incorporated (DCO), serving since 2024 and currently a member of the Audit Committee; the Board has determined he is independent under NYSE listing standards and designated him an “audit committee financial expert.” He is Executive Vice President and Chief Financial Officer of TTM Technologies, Inc. (since September 2023) and previously served as Vice President and Chief Financial Officer of Aerojet Rocketdyne, Inc. from 2020 to 2023, where he was involved in the strategic analysis leading to Aerojet’s $4.7B sale to L3Harris. He was elected to DCO’s Board effective November 5, 2024; on March 13, 2025 he tendered a technical resignation from the Class of 2027 to stand for election as a Class of 2028 director at the April 30, 2025 annual meeting. Education was not disclosed in the proxy.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Aerojet Rocketdyne, Inc. | Vice President & Chief Financial Officer | 2020–2023 | Drove profitable growth; involved in financial aspects of strategic analysis that resulted in Aerojet’s $4.7B sale to L3Harris. |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| TTM Technologies, Inc. | Executive Vice President & Chief Financial Officer | Since Sep 2023 | Current principal occupation. |
Board Governance
- Committee assignments: Audit Committee member; Board designated him an “audit committee financial expert” under SEC rules.
- Independence: The Board determined Boehle is independent under NYSE standards.
- Attendance and engagement: The Board met eight times in 2024 and all directors attended over 80% of the aggregate Board and applicable committee meetings; Audit (7 meetings), Compensation (4), Corporate Governance & Nominating (3), Innovation (3).
- Board leadership/structure: Lead Independent Director role established (Shirley G. Drazba) with defined authorities; regular executive sessions of non-management directors follow each scheduled Board meeting.
- Director class/tenure administration: Elected Nov 5, 2024; nominated to stand for election to the Class of 2028 at the 2025 Annual Meeting after tendering resignation from Class of 2027 solely to realign classes.
Fixed Compensation
DCO director compensation structure (non-employee) and Boehle’s 2024 actual:
| Item | Amount | Mechanics |
|---|---|---|
| Annual cash retainer | $80,000 | Paid quarterly. |
| Annual equity retainer (RSUs) | $135,000 | RSUs sized by average 5-day price pre-grant; one-year cliff vest. |
| Lead Director cash retainer | $30,000 | Paid quarterly. |
| Committee chair cash retainers | Audit $17,500; Comp $12,500; G&N $7,500; Innovation $7,500 | Paid quarterly. |
| Committee meeting fees | $2,500 per meeting | Cash, quarterly. |
| Director (2024) | Cash Fees ($) | Stock Awards ($) | Total ($) | Notes |
|---|---|---|---|---|
| Daniel L. Boehle | 15,833 | 50,000 | 65,833 | Prorated for 2024 service; one-time RSU grant of 811 at $61.68 grant-date price; RSUs vest on 1-year anniversary. |
Performance Compensation
Non-employee director pay at DCO is not performance-based; equity awards are time-based RSUs that vest on the one-year anniversary of grant.
| Performance Metric | Applies to Director Compensation? | Notes |
|---|---|---|
| Financial/TSR/EPS targets | No | Director RSUs are time-based, not performance-based. |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Notes |
|---|---|---|---|
| None disclosed | — | — | The proxy lists Boehle’s executive roles but does not disclose other public company board directorships. |
Expertise & Qualifications
- Over 25 years working with defense manufacturing companies; current public-company CFO (TTM).
- Audit Committee Financial Expert designation; financially literate per Board assessment.
- Aerospace & defense industry finance and transaction experience (Aerojet sale to L3Harris).
Equity Ownership
| Metric | Detail |
|---|---|
| Total beneficial ownership | 811 shares (includes 811 RSUs scheduled to vest on Nov 5, 2025). |
| Ownership as % of outstanding | <1% (based on 14,863,345 shares outstanding as of Mar 5, 2025). |
| Vested vs. unvested | Unvested RSUs: 811 vesting Nov 5, 2025. |
| Stock ownership guidelines | Directors must hold ≥5x annual cash retainer ($80k) = $400k; expected to meet by Dec 31 of the fifth year following initial election. |
| Time to compliance | Initial election Nov 5, 2024; guideline deadline Dec 31, 2029 (per policy). |
| Hedging/pledging | Company policy prohibits directors from hedging or pledging DCO stock. |
| Shares pledged | None disclosed; pledging prohibited. |
Governance Assessment
- Strengths: Independent director with deep finance experience; Audit Committee Financial Expert designation; no related-party transactions reported since start of FY2024; robust governance framework including prohibition on hedging/pledging and a clawback policy; strong engagement (Board met 8x; all directors >80% attendance).
- Alignment: Director stock ownership guideline of 5x cash retainer fosters long-term alignment; as a November 2024 appointee with 811 RSUs, he is early in the 5-year compliance window ending Dec 31, 2029.
- Market signaling: Company’s 2024 say-on-pay support was 88.3% (94% two-year average), indicating broad shareholder support for pay practices and governance.
- Administrative note: Class realignment (resignation from Class of 2027 and nomination to Class of 2028) appears procedural to balance director classes.
Note on insider trading activity: An attempt to retrieve recent Form 4 filings for “Boehle” at DCO using the insider-trades skill was unsuccessful due to an external authorization error; ownership and equity details above reflect proxy disclosures only.