Daniel Daniel
DOMOAbout Daniel Daniel
Independent director at Domo, Inc. since April 2019; age 50. Founder and portfolio manager of Twenty Acre Capital; previously Managing Director and senior investor at BlackRock, with earlier roles at UBS. Education: B.S. in Finance (University of Utah), M.B.A. (Wharton); CFA charterholder. Primary board credentials include audit committee financial expertise and chairing the compensation committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Twenty Acre Capital | Founder & Portfolio Manager | Apr 2019–present | Technology investor; independent of DOMO operations |
| BlackRock | Managing Director & Senior Investor | Jan 2011–Apr 2019 | Led investments across technology; deep capital markets experience |
| UBS | Special Situations Analyst; Global Hedge Funds Sales Director | Prior to BlackRock | Research and distribution experience |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| — | — | — | No public-company directorships disclosed for Mr. Daniel |
Board Governance
- Independence: Board determined Mr. Daniel is independent under Nasdaq rules; also meets audit committee independence standards .
- Committee assignments: Member, Audit Committee; Chair, Compensation Committee; designated audit committee financial expert (with Mr. Strong) .
- Board structure: Controlled company with CEO Joshua G. James holding majority voting power; may rely on Nasdaq controlled company exemptions (risk consideration) .
- Attendance: Board met 8 times in FY ended Jan 31, 2025; no incumbent director attended fewer than 75% of board and committee meetings; no directors attended the 2024 annual meeting of stockholders .
| Governance Metric | FY 2025 Value |
|---|---|
| Board meetings held | 8 |
| Audit Committee meetings | 4 |
| Compensation Committee meetings | 4 |
| Mr. Daniel attendance threshold | ≥75% of board/committee meetings (company-wide statement) |
| Director independence status | Independent (Nasdaq rules) |
Fixed Compensation
| Component (Outside Director Policy) | Amount/Frequency | Notes |
|---|---|---|
| Board retainer (non-employee director) | $10,000 per quarter | Cash retainer |
| Compensation Committee chair retainer | $3,750 per quarter | Cash retainer |
| Audit Committee member retainer | $3,125 per quarter | Cash retainer |
| Chair of Board retainer | $12,500 per quarter | For Chair (not applicable to Mr. Daniel) |
| FY 2025 cash fees (Mr. Daniel) | $135,000 | Includes special committee service fees |
Performance Compensation
| Equity Grant Type | Grant Value | Vesting | Change-in-Control Treatment |
|---|---|---|---|
| Initial RSU (upon joining board) | $357,000 | 1/3 annually over 3 years | Full vesting on change in control |
| Annual RSU (each annual meeting) | $175,000 (prorated if <6–3 months tenure window) | 100% on earlier of 1-year anniversary or day prior to next annual meeting | Full vesting on change in control |
| FY 2025 stock awards (Mr. Daniel) | $174,998 | Per policy; time-based RSUs | Awarded under standard policy |
Director equity awards are time-based; no performance (financial/ESG/TSR) metrics are tied to director RSUs .
Other Directorships & Interlocks
- Compensation Committee interlocks: None; members (Clark, Daniel, Strong) were not officers/employees; no reciprocal board/committee interlocks disclosed .
Expertise & Qualifications
- Audit committee financial expert; financially sophisticated per Nasdaq rules .
- Capital markets and technology investing expertise from BlackRock and UBS; leadership at Twenty Acre Capital .
- Advanced credentials (MBA, CFA) supporting committee leadership and oversight .
Equity Ownership
| Ownership Detail (as of Jan 31, 2025) | Amount |
|---|---|
| RSUs outstanding (Class B) | 58,981 shares |
| RSUs vested | 33,246 shares |
| Director equity ownership guidelines | Must hold ≥5× annual cash retainers within later of 4 years from start or guideline adoption (Nov 28, 2023) |
| Pledging/Hedging policy | Hedging prohibited; pledging prohibited except board waived pledging limitation for Mr. Daniel’s Class B shares (RED FLAG) |
Governance Assessment
- Strengths: Independent director; chair of Compensation Committee; audit committee financial expert; active committee engagement; director compensation aligned with market via time-based RSUs; independent comp consultant (Compensia) supports board processes .
- Risks/Red flags: Controlled company status concentrates voting power with CEO; board may rely on governance exemptions. Board-approved waiver allowing Mr. Daniel to pledge stock undermines alignment and introduces counterparty risk. Lack of director attendance at 2024 annual meeting signals weak investor engagement norms .
- Pay and shareholder sentiment context: Company received 95.9% Say‑on‑Pay approval in 2024, indicating supportive investor sentiment toward executive pay framework (contextual for compensation oversight) .
No related‑party transactions or other conflicts specific to Mr. Daniel were disclosed; compensation committee interlocks not present .