Nancy M. Stallone
About Nancy M. Stallone
Nancy M. Stallone, age 64, is an independent director of Data Storage Corporation (DTST) appointed on March 5, 2024. She is a New York State Certified Public Accountant and has been designated by the Board as an “Audit Committee Financial Expert.” Her background spans accounting, finance, treasury, risk management, and corporate governance, with degrees including a B.S. in Accounting (Long Island University) and an Executive MBA (St. Joseph’s University), and prior adjunct professorship in accounting at St. Joseph’s University .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Deloitte & Touche LLP | Senior Manager | 1983–1996 | Provided financial services to public and private companies in manufacturing, distribution, and services |
| Techpack America, Inc. (Albéa Group division) | Chief Financial Officer, North America | 1996–2004 | Senior finance leadership role |
| Atkins Nutritionals, Inc. | Vice President of Internal Audit | 2004–2006 | Led internal audit function |
| Comtech Telecommunications Corp. | Vice President of Finance | 2006–2016 | Senior finance leadership |
| Comtech Telecommunications Corp. | Corporate Treasurer; Assistant Corporate Secretary | 2016–present | Corporate governance, treasury, and risk management; also Corporate Secretary 2016–Oct 2023 |
External Roles
- No other public company directorships disclosed in DTST’s proxy materials (bios include such directorships if any; Stallone’s biography lists none) .
Board Governance
| Governance Attribute | Detail |
|---|---|
| Independence status | Independent director under Nasdaq rules; also independent for Audit Committee service |
| Committee memberships | Audit Committee (member) |
| Committee designations | Audit Committee Financial Expert (SEC definition) |
| Committee chairs | None (not listed as chair of any committee) |
| Board attendance | In 2024, each director who served participated in ≥75% of Board and committee meetings during their service period |
| Executive sessions | Independent directors meet in executive session: at least twice per year (2024) and at each regular meeting (2023) |
| Years of service (DTST) | Director since March 5, 2024 |
| Board leadership | CEO also serves as Chair; the Board does not have a Lead Independent Director |
| Related party oversight | Audit Committee (of which Stallone is a member) reviews and approves related party transactions per charter |
Fixed Compensation
Non-employee director compensation for FY2024:
| Director | Cash Fees ($) | Stock Awards ($) | Option Awards ($) | Total ($) |
|---|---|---|---|---|
| Nancy M. Stallone | 7,000 | 21,165 | 18,921 | 47,086 |
- Mix (derived): Cash ~14.9%, Stock Awards ~44.9%, Options ~40.2% (based on table values) .
- Outstanding equity at 12/31/2024: 3,333 options; 3,333 unvested RSUs .
Performance Compensation
- No performance-based metrics disclosed for non-employee director compensation; awards consist of stock awards (RSUs) and options valued per ASC 718/Black-Scholes methodology; no director bonus plan disclosed .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Status |
|---|---|---|---|
| None disclosed | — | — | No other public company boards disclosed for Stallone in past five years |
Expertise & Qualifications
- CPA (New York State); member of AICPA .
- Designated Audit Committee Financial Expert .
- Deep experience in corporate treasury, risk management, internal audit, and financial reporting leadership across public-company settings .
- Academic credentials: B.S. Accounting (LIU); Executive MBA (St. Joseph’s University); prior adjunct professor in accounting .
Equity Ownership
| Holder | Shares Beneficially Owned | % Ownership | Record Date | Notes |
|---|---|---|---|---|
| Nancy M. Stallone | 12,358 | <1% | Aug 7, 2025 | Shares outstanding: 7,207,031 |
| Equity awards (not included in % table) | Options outstanding: 3,333; Unvested RSUs: 3,333 (as of Dec 31, 2024) | — | Dec 31, 2024 | Per director equity table |
Alignment safeguards:
- Anti-hedging and anti-pledging policy prohibits directors from hedging or pledging DTST stock (short sales, derivatives, options, swaps, collars) .
Governance Assessment
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Strengths
- Independent director with CPA credentials and designated Audit Committee Financial Expert; sits on Audit Committee that oversees financial reporting, internal controls, and related-party transactions .
- Attendance: Board reports ≥75% participation threshold met for each director in 2024; independent director executive sessions held regularly, supporting independent oversight .
- Alignment: Majority of Stallone’s 2024 director pay is equity-based (~85% equity), enhancing long-term alignment with shareholders .
- Risk alignment: Company prohibits hedging and pledging of stock by directors, reducing misalignment and collateral-related risks .
-
Watch items
- Board leadership structure combines Chair/CEO and lacks a Lead Independent Director, which can dilute independent board leadership in certain circumstances .
- Ownership level is small (<1%), typical for micro-cap directors but provides limited direct economic stake; nonetheless, annual equity grants and anti-hedging/pledging help alignment .
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Conflicts/related-party exposure
- No related-party transactions involving Stallone are disclosed in the cited sections; Audit Committee (including Stallone) is charged with reviewing and approving any such transactions under DTST’s policy .