David Mossberg
About David Mossberg
David Mossberg (age 54) has served as an independent director of Destiny Media Technologies (DSNY) since November 8, 2021. He is a seasoned capital markets executive with 25+ years of experience and currently CEO of Three Part Advisors, LLC (strategic investor relations). Prior roles include sell-side analyst at Southwest Securities and Director of Research at Hodges Capital Management. He holds an MBA from Southern Methodist University and BBAs in Finance and International Business from the University of Texas–Arlington, and served in the U.S. Army Reserves as an interrogator/Russian linguist .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Southwest Securities | Sell-side Analyst | Not disclosed | Capital markets coverage, issuer advisory experience |
| Hodges Capital Management | Director of Research | Not disclosed | Led research function; public market diligence |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Three Part Advisors, LLC | Chief Executive Officer | Not disclosed | Strategic investor relations advisory firm |
Board Governance
- Independence: Classified as independent under TSX Venture Exchange policy and Canadian NI 52-110; the proxy also identifies Cho, Graber, and Summers as independent for purposes of Item 407(a) of Regulation S‑K (Mossberg’s Item 407(a) status is not specified) .
- Committees: As of FY2024/FY2023, Mossberg is not listed as a member of the Audit, Compensation, or Nominating Committees; those committees comprise David Summers, Hyonmyong Cho, and S. Jay Graber .
- Attendance: FY2024 board held 2 formal and 4 informal meetings; all directors attended all meetings. Audit (4), Compensation (2), and Nominating (1) committees also had full attendance. Only one board member attended the Company’s 2024 annual meeting of stockholders .
- Governance processes: Compensation Committee is independent, maintains a charter, does not use compensation consultants, and may not delegate authority; executive officers can suggest compensation amounts to the committee .
Fixed Compensation
Director-level compensation for Mossberg shows no cash fees and historically modest equity awards, with zero director compensation in FY2024.
| Metric (USD) | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Fees Earned or Paid in Cash | $0 | $0 | $0 |
| Stock Awards | $0 | $0 | $0 |
| Option Awards (Grant-date Fair Value) | $20,424 | $4,182 | $0 |
| All Other Annual Compensation | $12,482 | $12,500 | $0 |
| Total | $32,906 | $16,682 | $0 |
Notes:
- “All Other Annual Compensation” includes participation in the employee share purchase plan .
- The Company states no director fees, stock awards, or option awards were paid in FY2024 .
Performance Compensation
- No performance metrics (e.g., revenue growth, EBITDA, TSR) tied to director pay are disclosed; director compensation consisted of option awards in prior years without reported performance conditions, and zero in FY2024 .
| Performance-Linked Element | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Option Awards (Grant-date Fair Value) | $20,424 | $4,182 | $0 |
| Disclosed Performance Conditions | None disclosed | None disclosed | None disclosed |
Other Directorships & Interlocks
| Company | Public/Private | Role | Committees | Interlocks/Conflicts |
|---|---|---|---|---|
| None disclosed | — | — | — | Biography does not list other public company boards |
Expertise & Qualifications
- Capital markets leadership: CEO of an investor relations advisory firm; prior sell-side and buy-side research leadership .
- Education: MBA (SMU), BBAs in Finance and International Business (UT‑Arlington) .
- Additional: U.S. Army Reserves interrogator/Russian linguist .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Common Stock |
|---|---|---|
| David Mossberg (Director) | 97,357 | 1.0% |
- No related-party transactions involving directors, nominees, 5% holders, or immediate family members since FY2022 commencement were disclosed .
- The proxy does not disclose director stock ownership guidelines, pledging, hedging, or vested/unvested breakdowns for directors .
Governance Assessment
- Independence and engagement: Mossberg is independent under TSX‑V/NI 52‑110; board and committee attendance are reported as 100% in FY2024, indicating solid engagement. However, only one director attended the 2024 annual meeting, signaling limited shareholder‑facing participation .
- Committee leverage: Despite finance and IR expertise, Mossberg is not listed on Audit, Compensation, or Nominating Committees—reducing direct influence on financial reporting, pay oversight, and board composition .
- Pay and alignment: Zero director compensation in FY2024, after prior-year option awards, is atypical and places alignment primarily on share ownership (Mossberg ~97k shares, ~1.0%). No performance-based director pay or ownership guidelines are disclosed .
- Conflicts: As CEO of an IR advisory firm, potential conflict could exist if DSNY engaged his firm; the proxy expressly discloses no related-party transactions involving directors since FY2022, which mitigates immediate conflict concerns .