Hyonmyong Cho
About Hyonmyong Cho
Hyonmyong “Hoch” Cho is an independent director and Chairman of the Board at Destiny Media Technologies (DSNY), serving on the board since February 28, 2017 and age 53 as of the 2025 proxy . He is Managing Member of Greenlaw International Management Company LLC (manager of Greenlaw International LP, a microcap-focused fund), and previously held senior investing roles at Forum Partners (Managing Director, 2002–2008), Nassau Capital (Senior Associate), Novalis Ventures (Partner), Cahill, Warnock & Company (Vice President), and began his career as an analyst at Alex. Brown & Sons; he was a Morehead Scholar at UNC with a B.A. in English Literature . DSNY identifies Mr. Cho as independent under TSX Venture/NI 52‑110 and NYSE American (Item 407(a)) standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Forum Partners | Managing Director | 2002–2008 | Led a global team on private equity deal structuring, analysis, negotiation |
| Nassau Capital | Senior Associate | Not disclosed | Due diligence, negotiation, documentation and monitoring of private equity transactions |
| Novalis Ventures | Partner | Not disclosed | Early-stage venture investments in real estate industry |
| Cahill, Warnock & Company | Vice President | Not disclosed | PE investments in micro-cap public companies |
| Alex. Brown & Sons | Financial Analyst | Not disclosed | M&A, real estate, healthcare groups |
External Roles
| Organization | Role | Nature |
|---|---|---|
| Greenlaw International Management Company LLC / Greenlaw International LP | Managing Member (LLC that manages LP) | Fund invests in microcap stocks |
Board Governance
- Role and structure: Independent Chairman; CEO and Chair roles are separated (CEO: Frederick Vandenberg; Chair: Hyonmyong Cho) .
- Independence: DSNY deems Mr. Cho independent under TSXV/NI 52‑110 and NYSE American (Item 407(a)) standards .
- Committees: Audit (member), Compensation (member), Nominating (member) .
- Meeting cadence and attendance (FY2024): Board 2 formal + 4 informal; Audit 4; Compensation 2; Nominating 1; all members attended all meetings .
- Committee charters: Audit and Nominating charters posted; Compensation charter posted .
- Election results (Feb 28, 2025 AGM): Cho received 4,064,730 “For” and 278,958 “Withheld” votes .
Meetings and Attendance (FY2024)
| Body | Meetings | Cho Attendance |
|---|---|---|
| Board of Directors (formal) | 2 | 100% (all directors attended) |
| Board of Directors (informal) | 4 | 100% (all directors attended) |
| Audit Committee | 4 | 100% (all members attended) |
| Compensation Committee | 2 | 100% (all members attended) |
| Nominating Committee | 1 | 100% (all members attended) |
Fixed Compensation (Director)
| Component | 2023 | 2024 |
|---|---|---|
| Cash fees | – | $0 (no director compensation) |
| Stock awards | – | $0 (no director compensation) |
| Option awards (grant-date fair value) | $4,182 | $0 (no director compensation) |
| Other annual compensation | – | $0 (no director compensation) |
Notes: DSNY states it did not engage compensation consultants for executive/director pay .
Performance Compensation (Director)
- No performance-conditioned director pay disclosed; option awards reported for FY2023 as grant-date fair value only; none granted in FY2024 .
| Equity Grants (Director) | 2023 | 2024 |
|---|---|---|
| Options (grant-date fair value) | $4,182 | $0 |
Other Directorships & Interlocks
- Other public company directorships: None .
- Private/other roles: Managing Member at Greenlaw International Management Company LLC, which manages Greenlaw International LP .
- Related-party transactions: DSNY discloses none since FY2022 involving directors, nominees, >5% holders or their immediate families .
Expertise & Qualifications
- Private equity and microcap investing (Greenlaw; Cahill, Warnock & Company); transaction structuring and negotiation (Forum Partners) .
- Board leadership as independent Chairman; service on Audit, Compensation, and Nominating Committees .
- Education: Morehead Scholar; B.A. English Literature, University of North Carolina .
Equity Ownership
As of November 30, 2024:
- Total beneficial ownership: 547,622 shares (5.7% of common stock) .
- Breakdown: 142,735 direct; 43,334 acquirable via options within 60 days; 361,553 held through indirect pecuniary interest via Greenlaw International LP/Greenlaw International GP LLC .
- Shares outstanding context: 9,639,420 common shares .
| As-of Date | Direct Shares | Options (within 60 days) | Indirect (Greenlaw) | Total Beneficial | % Outstanding | Shares Outstanding |
|---|---|---|---|---|---|---|
| Nov 30, 2024 | 142,735 | 43,334 | 361,553 | 547,622 | 5.7% | 9,639,420 |
Say-on-Pay & Shareholder Feedback (Context)
- 2025 AGM outcomes:
- Say-on-Pay: For 4,020,916; Against 53,412; Abstain 269,360 .
- Say-on-Pay Frequency: 3 Years received 3,803,908; 2 Years 189,800; 1 Year 349,780 .
- Auditor ratification (Smythe LLP): For 5,809,954; Against 23,060; Abstain 8,000 .
Governance Assessment
- Positives: Independent Board Chair with full committee participation; independence affirmed under TSXV/NI 52‑110 and NYSE American standards . Full attendance across board and committee meetings in FY2024 . No related-party transactions disclosed since FY2022 . Material personal alignment via 5.7% beneficial interest, including indirect holdings through Greenlaw .
- Considerations: The board reports no formalized board/individual performance assessment process (evaluates effectiveness on an ad hoc basis), which is below many governance best practices for periodic board evaluations . The compensation committee does not use independent compensation consultants . The Audit Committee noted reliance on an exemption under Part 6.1 of NI 52‑110 (contextual for Canadian governance) .
- Shareholder support signals: 2025 director election support for Cho (4,064,730 For vs 278,958 Withheld) and strong Say‑on‑Pay approval provide recent evidence of shareholder confidence .