Perry Boyle
About Perry Boyle
Independent director of Dragonfly Energy Holdings Corp. (DFLI), age 61, serving since October 2022. Background spans senior investment leadership at Point72/S.A.C., plus sell-side and banking roles; education includes a B.A. in Economics (Stanford), M.B.A. (Dartmouth), and M.A. from the Fletcher School at Tufts . Class A director with term expiring at the 2026 Annual Meeting; determined independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Point72 Asset Management | Head of Discretionary Investing; previously Head of Equities | 2015–2020 (discretionary); 2013–2015 (equities); with firm 2004–2020 | Helped lead RIA launch, raising >$6B in external capital |
| S.A.C. Capital Advisors | First Director of Research | 2004–2013 | Built research function (precursor to Point72 roles) |
| Stamford Harbor Capital, L.P. | President & Chief Investment Officer | 2016–2017 | Oversaw investment operations (Steven A. Cohen-owned entity) |
| Thomas Weisel Partners | Founding Partner | 1999–2004 | Growth of boutique investment bank |
| Alex Brown & Sons | Managing Director | 1992–1999 | Investment banking leadership |
| Salomon Brothers Inc. | Investment Banker | Early career | Corporate finance experience |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Chardan NexTech Acquisition 2 Corp. (CNTQ) | Director | 2021–2022 | Predecessor SPAC to DFLI (public entity) |
| Center for a New American Security (CNAS) | Advisory Board Member | Current | Security and policy advisory |
| US Friends of the International Institute for Strategic Studies (IISS) | Director | Current | International strategic studies network |
| Hoover Institution | Council Member | Current | Policy think-tank affiliation |
| Chatham House | Lionel Curtis Member | Current | Global policy forum affiliation |
| BOMA Project | Chairman | Current | Poverty graduation program leadership |
| Affordable Housing Coalition of Ketchum | President | Current | Workforce housing advocacy |
| Shangri-La Dialogue (Singapore) | Delegate (IISS) | 2018–2019 | Defense policy forum participation |
Board Governance
- Structure and independence: Board comprised of staggered classes; Boyle is independent under Nasdaq rules; Luisa Ingargiola serves as Lead Independent Director .
- Committee memberships (2025): Audit (member), Compensation (member), Nominating & Corporate Governance (member); chairs: Audit—Ingargiola; Compensation—Nelson; Nominating—Nelson .
- Committee evolution (2024): Boyle served on Audit alongside Ingargiola and Parod; Compensation and Nominating had different compositions; chair roles differed versus 2025 .
- Attendance and engagement: In 2024, Board met 4 times with 14 written consents; all directors attended ≥75% of Board and committee meetings; all directors except Brian Nelson attended the 2024 annual meeting (remote), indicating Boyle’s annual meeting attendance .
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Cash Fees (Director retainer, committee chairs per policy) | $58,800 (fees earned) | $44,100 (fees earned) |
| Director Cash Policy (reference) | $58,800 annual Board retainer | $58,800 annual Board retainer; $20,000 Lead Independent; $20,000 Audit Chair; $15,000 Compensation Chair; $10,000 Nominating Chair; 75% attendance required |
Notes: Policy sets eligibility thresholds and chair stipends; no per-meeting fees; retainers paid quarterly, pro-rated for mid-quarter appointments .
Performance Compensation
| Grant Type | Grant Date | Units | Vesting | Grant-Date Fair Value |
|---|---|---|---|---|
| Annual RSU Award (Non-Employee Directors) | Apr 12, 2024 | 24,692 RSUs (post reverse split adjustment) | Vests in 3 equal annual installments starting first anniversary of grant | $100,000 |
| Initial Director RSU (historic) | Oct 7, 2022 | 3,334 RSUs | Eligible to vest on first anniversary (continued service) | — (policy disclosure) |
- No performance metrics disclosed for director equity; RSUs are time-based vesting awards under the 2022 Plan; awards subject to clawback/recoupment per plan terms .
Other Directorships & Interlocks
| Company/Entity | Relationship to DFLI | Potential Interlock/Exposure |
|---|---|---|
| CNTQ (Chardan NexTech Acquisition 2 Corp.) | Former director (pre-Business Combination) | SPAC that combined with Legacy Dragonfly in 2022; informational interlock rather than current related-party tie |
| Term Loan Lenders/Promissory notes | Director Brian Nelson provided short-term notes to DFLI in 2023–2024 | Audit Committee (with Boyle as member) oversees related-party transactions, mitigating conflict risk |
No related-party transactions disclosed involving Boyle personally; audit committee reviews and approves all related party transactions per policy .
Expertise & Qualifications
- Capital markets leadership across research, equities, and discretionary investing; experience raising external capital and launching RIA structures .
- Broad policy and strategic network (CNAS, IISS, Hoover, Chatham House) augmenting geopolitical and risk oversight capabilities .
- Academic credentials: Stanford (B.A. Economics), Dartmouth (M.B.A.), Fletcher School at Tufts (M.A.) .
Equity Ownership
| Item | As of Date | Amount | Notes |
|---|---|---|---|
| Total Beneficial Ownership | Sept 10, 2025 | 14,009 shares; <1% of class | Includes 7,881 shares underlying options exercisable within 60 days |
| Options (Presently Exercisable) | Sept 10, 2025 | 7,881 shares | Counted in beneficial ownership |
| Unvested RSUs (Director award outstanding) | Mar 31, 2025 | 24,692 RSUs | Director grants vest over 3 years; unvested units noted across directors |
Company policies prohibit hedging transactions and use of derivatives by directors and related persons; code of ethics and indemnification agreements in place .
Governance Assessment
- Committee effectiveness: Boyle’s Audit/Comp/Nom-Gov memberships position him at the center of controls, compensation oversight, and board composition—positive for governance breadth; Audit Committee (with Boyle) directly oversees related-party transactions .
- Independence and attendance: Independent with documented ≥75% attendance; attended 2024 annual meeting; supports investor confidence in engagement .
- Ownership alignment: Beneficial ownership is modest in absolute terms (<1%); RSUs vesting over time provide ongoing alignment but are not performance-based; no pledging disclosed; hedging prohibited—mixed alignment signals typical for small-cap boards with annual $100k RSU grants .
- Compensation structure signals: Year-over-year decrease in cash fees (2024 vs 2023) while equity awards remained at $100k suggests continued emphasis on equity-based retainers; RSUs time-based—no disclosed TSR/financial metrics for directors .
- Conflicts/RED FLAGS: No Boyle-specific related-party transactions disclosed; company-level related-party notes with another director (Nelson) are under Audit Committee oversight; strong anti-hedging policy reduces misalignment risk .
- Process robustness: Clawback provisions under 2022 Plan apply; formal Related Person Transactions Policy requires Audit Committee approval; documented independence determinations .
RED FLAGS to monitor:
- Continued dilution risk from equity facilities and reverse splits at company level (not Boyle-specific) may pressure alignment; director equity awards are time-based, not performance-linked .
- Low absolute share ownership by directors, including Boyle (<1%), is common but can be perceived as limited “skin in the game” absent disclosed ownership guidelines .