Anthony Munk
About Anthony Munk
Anthony Munk (age 64) serves on Emerald Holding, Inc.’s Board since May 2020; he is Vice Chairman of Onex Corporation and Chair of Onex Partners’ Private Equity Investment Committee. He holds a B.A. (Honors) in Economics from Queen’s University and previously worked at First Boston (London) and Guardian Capital Group (Toronto). Emerald classifies him as not independent due to his Onex affiliation.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Onex Corporation | Vice Chairman; Chair of Onex Partners’ Private Equity Investment Committee | Not disclosed | Senior investment leadership; private equity governance |
| First Boston Corporation (London) | Vice President | Not disclosed | Investment banking experience |
| Guardian Capital Group (Toronto) | Analyst | Not disclosed | Public markets analysis |
| JELD-WEN Holding, Inc. (NYSE: JELD) | Director (prior) | Not disclosed | Public company board experience |
| Barrick Gold | Director (prior) | Not disclosed | Natural resources governance exposure |
| Husky Injection Molding Systems Ltd | Director (prior) | Not disclosed | Industrial operations oversight |
| Cineplex Inc. | Director (prior) | Not disclosed | Consumer/entertainment oversight |
| SMG Holdings (later ASM Global) | Director (prior) | Not disclosed | Venue management oversight (company notes Onex-affiliated directors on ASM; individual names not fully specified) |
| RSI Home Products; SGS&Co; Jack’s Family Restaurants; Save-A-Lot | Director (prior) | Not disclosed | Portfolio company governance |
External Roles
| Organization | Role | Public/Private | Committees/Notes |
|---|---|---|---|
| Clarivate (NYSE: CLVT) | Director | Public | Information services; Onex history with Clarivate referenced at Emerald |
| WireCo WorldGroup Inc. | Director | Private | Industrial manufacturing |
| Onex Corporation | Vice Chairman | Public (TSX) | Chair, Onex Partners’ PE Investment Committee |
Board Governance
- Independence: Not independent (Onex affiliation).
- Committee assignments: None; not on Audit, Compensation, or Nominating & Corporate Governance.
- Board leadership: Chair of the Board is Kosty Gilis (Onex MD); no Lead Independent Director designated.
- Attendance and engagement: Board met 5 times in 2024; all directors attended ≥75% of Board/committee meetings and all nine attended the 2024 annual meeting.
- Controlled company status: Onex owns ~92.4% of EEX common stock; Emerald uses NYSE “controlled company” exemptions for certain committees.
Fixed Compensation (Director)
| Component | 2024 Amount (USD) |
|---|---|
| Annual cash retainer | $0 (not paid to Onex-affiliated directors) |
| Equity retainer (RSUs) | $0 (not paid to Onex-affiliated directors) |
| Committee chair/member fees | $0 (not a committee member) |
| Meeting fees | Not disclosed |
Notes:
- Independent directors at Emerald receive $175,000 total ($75,000 cash; $100,000 RSUs), plus committee fees; Onex-affiliated directors (including Munk) did not receive director compensation in 2024.
Performance Compensation (Director)
- No performance-based director compensation or option grants disclosed for Anthony Munk in 2024.
Other Directorships & Interlocks
| Company | Relationship to EEX | Interlock/Transaction Detail |
|---|---|---|
| Clarivate (CLVT) | None disclosed | Munk serves as director at CLVT (public company). |
| WireCo WorldGroup | None disclosed | Munk serves as director (private). |
| ASM Global | Venue manager used by Emerald | Emerald paid ASM ~$1.0M (2024) and ~$1.3M (2023); Onex sold ASM in Q3 2024; Onex-affiliated directors (including Chair Gilis) served at ASM. Individual director names beyond Gilis not fully specified. |
| Convex Group Limited | Insurance provider to EEX | Emerald paid Convex ~$0.5M (2024) and ~$0.8M (2023) for event cancellation insurance; Onex executives serve on Convex’s board. |
Expertise & Qualifications
- Finance and private equity governance; extensive board experience across industrials, resources, media, and consumer sectors.
- Senior investment committee leadership and M&A oversight through Onex.
- Economics degree (Queen’s University).
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Anthony Munk | 0 | 0% | Onex-affiliated directors’ beneficial ownership excludes shares held by Onex funds; Munk has no voting/investment power over Onex-held EEX shares. |
| Ownership guidelines | Not applicable (for independent directors only) | n/a | Independent directors must hold shares equal to 4x cash retainer ($300,000) within 5 years. |
| Hedging/pledging | Prohibited policy | n/a | Company policy prohibits hedging and pledging for directors. |
Governance Assessment
- Controlled company with Onex owning ~92.4% creates structural conflicts; Munk is Vice Chairman of Onex and not independent, indicating potential influence of controlling shareholder on Board decisions. RED FLAG.
- No committee assignments (Audit/Comp/Nominating), reducing direct oversight participation by Munk in key governance bodies.
- Related-party exposure: Emerald transacts with Onex-affiliated companies (ASM venues; Convex insurance) under Audit Committee oversight; amounts disclosed ($1.0M ASM; ~$0.5M Convex in 2024). RED FLAG for potential conflicts, mitigated by stated arm’s-length review and Onex divestment of ASM in Q3 2024.
- Registration rights and historical stockholder agreements provide significant liquidity and influence mechanisms to Onex, reinforcing control dynamics. RED FLAG.
- Director pay/ownership alignment: Onex-affiliated directors (including Munk) received no cash/RSU director compensation in 2024 and show zero personal beneficial ownership, limiting direct “skin-in-the-game” alignment with minority shareholders. RED FLAG.
- Attendance: Met ≥75% attendance threshold; all directors attended 2024 annual meeting—positive engagement signal.