Quinton Hennigh
About Quinton Hennigh
Dr. Quinton Hennigh, 58, has served as an independent Class I director of DynaResource (DYNR) since February 2024. He is an exploration geologist with 33 years’ experience, holding an M.Sc. and Ph.D. in geology and geochemistry from the Colorado School of Mines; he is Technical and Geologic Director to Crescat Capital and CEO of private miner San Cristobal Mining .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Homestake Mining Company | Gold exploration | Not disclosed | Early career exploration |
| Newcrest Mining Ltd. | Gold exploration | Not disclosed | Early career exploration |
| Newmont Mining Corporation | Gold exploration | Not disclosed | Early career exploration |
| Gold Canyon Resources | Led discovery of 5.2M oz Springpole (Ontario) | Not disclosed | Discovery leadership |
External Roles
| Organization | Role | Type | Notes |
|---|---|---|---|
| Crescat Capital | Technical & Geologic Director | Private/investment | External role; no DYNR related-party dealings disclosed |
| San Cristobal Mining | Chief Executive Officer | Private miner | External role; no DYNR related-party dealings disclosed |
| Other public company boards (past 5 years) | None disclosed | — | Proxy states no other reporting company directorships unless otherwise reported |
Board Governance
| Committee | Member | Chair | Notes |
|---|---|---|---|
| Sustainability, Environment, Health & Safety (SEHS) | Yes | Yes | Oversees sustainability, H&S, climate, community and related reporting/risks |
| Technical | Yes | No | Oversees technical/operational matters, production forecasts, budgets, reserves/resources, related disclosures |
| Audit | No | No | Audit Committee fully independent (Rose Chair; Omland, Petrini members) |
| Compensation | No | No | Compensation Committee fully independent (Petrini Chair; Omland, Rose) |
| Nominating & Governance | No | No | Nominating Committee independent majority; chaired by Anzola since Jan 6, 2025 |
- Independence: Board determined Hennigh is independent under Nasdaq rules .
- Attendance: Company disclosed each incumbent director attended at least 75% of Board and committee meetings in 2024 .
- Executive sessions: Non-management directors meet in executive session at each Board meeting .
- Director since: February 2024; Class I nominee/incumbent .
Fixed Compensation
| Component | FY 2024 (Actual) |
|---|---|
| Fees Earned or Paid in Cash ($) | — |
| All other compensation ($) | — |
| Component | Effective April 2025 (Structure) |
|---|---|
| Annual cash retainer ($) | $25,000 |
| Committee membership fee ($ per committee) | $4,000 |
| Committee chair fee ($ per chair) | $2,000 |
Prior policy: Beginning in calendar year 2023, cash compensation to non-employee directors was $100,000 per year (accrued for some directors in 2024) .
Performance Compensation
| Equity Award Detail | Grant |
|---|---|
| Grant date | Feb 16, 2024 |
| Type | Non-Qualified Stock Option |
| Number of options | 400,000 |
| Exercise price | $5.00 per share |
| Vesting schedule | 25% on each of the first four anniversaries of the grant date |
| Change-in-control provision | Options become immediately exercisable with respect to 100% of shares (single-trigger acceleration) |
| Clawback | Awards subject to the Company’s Clawback Policy; previously paid compensation may be recouped |
| Director Equity Program | Effective April 2025 |
|---|---|
| Annual equity grant value ($) | $50,000 (subject to vesting requirements) |
2024 reported grant-date fair value for Hennigh’s option award: $50,356 .
Other Directorships & Interlocks
| Company/Entity | Relationship to DYNR | Interlock/Conflict Notes |
|---|---|---|
| Crescat Capital (external role) | None disclosed | No related-party transactions with DYNR disclosed; role noted in biography |
| San Cristobal Mining (external role) | None disclosed | No related-party transactions with DYNR disclosed; role noted in biography |
Expertise & Qualifications
- Exploration geologist with 33 years’ experience; advanced degrees (M.Sc., Ph.D.) in geology and geochemistry from Colorado School of Mines .
- Discovery and development credentials: led discovery of 5.2M oz Springpole deposit at Gold Canyon Resources .
- Current technical leadership roles align with SEHS and Technical committee oversight .
Equity Ownership
| Metric | As of Apr 20, 2025 |
|---|---|
| Shares beneficially owned | 100,000 |
| Percent of outstanding | * (less than 1%) |
| Shares outstanding (reference) | 29,315,726 |
| Options held (total) | 400,000; vesting 25% annually (not included in beneficial % unless exercisable within 60 days) |
- Pledging/hedging: No pledging of shares disclosed; no hedging disclosures noted .
- Ownership guidelines: No director stock ownership guidelines disclosed in proxy (no such policy described).
Governance Assessment
- Strengths: Independent director; chairs SEHS committee with oversight of sustainability, environmental, health & safety, and community/stakeholder matters; member of Technical committee overseeing operational and disclosure rigor . Attendance threshold met (≥75%) as an incumbent director in 2024 . Presence of Clawback Policy and prohibition against option repricing without shareholder approval provide shareholder-friendly safeguards .
- Alignment: 2025 shift to mixed cash/equity structure (lower cash retainer plus committee fees and $50,000 equity) improves pay-for-performance alignment for non-employee directors . Personal share ownership of 100,000 shares indicates at least some “skin in the game,” with additional long-dated options .
- Watch items / RED FLAGS:
- Single-trigger change-in-control acceleration for director equity awards (immediate vesting to 100%) can weaken transaction discipline; investors often prefer double-trigger structures for better alignment .
- Large option grant (400,000 at $5) to a non-employee director increases equity exposure; performance conditions are time-based rather than outcome-based (no explicit performance metrics tied to the option grant) .
- Conflicts/related parties: No related-party transactions disclosed involving Hennigh; external roles at Crescat Capital and San Cristobal Mining are noted without any DYNR transactional links .
Attendance and governance context: Non-management directors meet in executive session at each Board meeting; Audit/Compensation/SEHS committees are entirely independent; Hennigh is not on Audit/Compensation/Nominating, mitigating financial oversight conflicts while focusing on SEHS/Technical areas .