Ryan Wright
DOMOAbout Ryan Wright
Ryan Wright (age 52) joined the Domo board in March 2025 as an independent director. He is CEO of menswear brand le PÈRE (since 2020), previously serving as Chief Marketing Officer and a founding team member at Kobalt Music Group (2013–2021), with earlier senior global marketing roles at Jive Records, BMG, and Sony Music International. He holds a B.A. in international relations from Brigham Young University. Tenure on Domo’s board began March 6, 2025; he serves on the Nominating & Corporate Governance Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| le PÈRE (menswear) | Chief Executive Officer | 2020–present | CEO leadership; brand building |
| Kobalt Music Group, Ltd. | Chief Marketing Officer; founding team | Nov 2013–Mar 2021 | Growth marketing; digital rights ecosystem exposure |
| Jive Records | Managing Director | Not disclosed | Global music marketing leadership |
| BMG | Vice President, Global Marketing | Not disclosed | Global campaigns; industry relationships |
| Sony Music International | Senior Vice President, Global Marketing | Not disclosed | Global portfolio marketing |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| le PÈRE | CEO | 2020–present | Private company; consumer brand |
| Other public company boards | — | — | None disclosed in proxy |
Board Governance
- Independence: Board determined Wright is independent under Nasdaq rules; he serves on the Nominating & Corporate Governance Committee alongside Jeff Kearl (chair), John Pestana, and Renée Soto .
- Committee scope: Nominating/Governance oversees board composition, director searches/qualifications, performance assessments, and governance guidelines; met 4 times in FY ended Jan 31, 2025 (pre‑appointment) .
- Attendance: Board held 8 meetings in FY ended Jan 31, 2025, and no incumbent director attended fewer than 75% of meetings of the board/committees of which they were a member; the company has no formal policy on attendance at annual stockholder meetings, and none of the directors attended the 2024 annual meeting (Wright joined in 2025) .
- Structure: Domo is a “controlled company” under Nasdaq (CEO/founder Joshua James controls majority voting power), which can exempt the company from certain independence requirements, a governance risk consideration for minority investors .
Fixed Compensation
| Component | Amount | Frequency | Notes |
|---|---|---|---|
| Non‑employee director retainer | $10,000 per quarter | Quarterly | Standard outside director cash retainer |
| Chair of Board retainer | $12,500 per quarter | Quarterly | For board chair (not applicable to Wright) |
| Nominating & Governance Committee – Chair | $2,500 per quarter | Quarterly | Chair fee (Wright is a member, not chair) |
| Nominating & Governance Committee – Member | $1,250 per quarter | Quarterly | Applies to Wright as a committee member |
| Audit Committee – Chair/Member | $6,250 / $3,125 per quarter | Quarterly | Not applicable to Wright |
| Compensation Committee – Chair/Member | $3,750 / $1,875 per quarter | Quarterly | Not applicable to Wright |
Director compensation disclosed for FY ended Jan 31, 2025 shows no fees or stock awards for Wright due to his March 6, 2025 appointment, which fell after the fiscal year end .
Performance Compensation
| Equity Awards (Policy) | Value | Vesting | Notes |
|---|---|---|---|
| Initial RSU grant (new non‑employee director) | $357,000 | 1/3 annually over 3 years | Granted upon first joining; number of RSUs based on grant‑date FMV |
| Annual RSU grant (continuing director) | $175,000 (or $87,500 if mid‑cycle) | 100% at 1 year or pre‑next annual meeting | Service‑based only; no performance metrics |
| Change‑in‑control treatment | Full vesting of director awards | At change‑in‑control | Applies to non‑employee directors |
- No director performance metrics (e.g., revenue/TSR) are tied to director RSUs; awards are time‑based service vesting only. RSU values and vesting are policy‑specified; Wright’s FY2025 compensation table reflects “—” due to timing .
Other Directorships & Interlocks
| Company | Role | Status | Interlock/Conflict Considerations |
|---|---|---|---|
| Public company boards | — | None disclosed | No interlocks identified |
| Private companies | le PÈRE (CEO) | Active | Consumer brand; no Domo related‑party transactions disclosed |
Expertise & Qualifications
- Marketing/Go‑To‑Market: Senior global marketing leadership across major music labels and tech‑enabled rights management (Kobalt), relevant to product and brand strategy .
- Founder/CEO experience: le PÈRE leadership offers consumer and brand insights; helpful for customer experience oversight .
- Education: B.A., international relations, Brigham Young University .
Equity Ownership
| Holder | Class A Shares | Class B Shares | % Voting Power | Notes |
|---|---|---|---|---|
| Ryan Wright | — | — | <1% | Listed with less than 1% beneficial ownership; no amounts disclosed as of May 1, 2025 |
| Director ownership guidelines | — | — | — | Directors must hold equity equal to 5× total annual cash retainers, within 4 years of initial service/adoption (Nov 28, 2023) |
| Pledging/Hedging | — | — | — | Hedging/short sales prohibited; pledging prohibited except board waivers for Joshua James and Daniel Daniel. No waiver disclosed for Wright |
Insider Trades
| Item | Status | Notes |
|---|---|---|
| Section 16 filings compliance (FY ended Jan 31, 2025) | In compliance | Company reports directors/officers complied; no delinquent filings noted (Wright joined Mar 2025) |
Governance Assessment
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Strengths:
- Independent director with deep marketing and brand experience; contributes to Nominating & Governance oversight (board composition, evaluations, searches) .
- Director compensation structure mixes cash with equity; RSUs promote alignment through ownership accumulation; director ownership guidelines require 5× annual cash retainers, enhancing “skin‑in‑the‑game” over time .
- Anti‑hedging and anti‑pledging policy applies broadly (with limited waivers not involving Wright) .
-
Risks / RED FLAGS:
- Controlled company status gives Domo the option to rely on exemptions from certain Nasdaq independence requirements, reducing minority shareholder protections; ongoing monitoring recommended .
- No formal policy for director attendance at annual stockholder meetings; none of the directors attended the 2024 annual meeting, which can signal lower stockholder‑facing engagement (note: Wright joined in 2025) .
- Beneficial ownership for Wright was not disclosed beyond “<1%” as of May 1, 2025, limiting immediate transparency on ownership alignment; progress toward the 5× retainer guideline should be monitored .
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Compensation context signals:
- Outside director policy caps annual director compensation at $750,000; equity awards are service‑based (no performance hurdles), minimizing risk of pay for non‑performance at the director level but reducing explicit performance linkage .
- Say‑on‑Pay environment: 95.9% approval in 2024 suggests generally favorable shareholder sentiment on pay practices, though this pertains to executive compensation rather than director pay .
Overall: Wright’s independence and marketing expertise strengthen Domo’s board capabilities, particularly in Nominating & Governance. The controlled company structure and limited disclosure of his current equity stake warrant monitoring of alignment and committee effectiveness going forward .