Eric VanDam
About Eric VanDam
Eric VanDam served as Chief Operating Officer of 1847 Holdings LLC (EFSH) from January 2022 until his resignation on February 17, 2023 . His employment agreement provided a $300,000 annual base salary and eligibility for an annual incentive bonus up to 50% of base salary based on Board-determined earnings targets . The 2025 proxy shows VanDam with 0 common shares beneficially owned as of the record date, indicating minimal direct equity alignment at that time . Company documents do not disclose his age, education, or specific TSR/revenue/EBITDA performance metrics tied to his tenure.
Past Roles
| Organization | Role | Years |
|---|---|---|
| 1847 Holdings LLC (EFSH) | Chief Operating Officer | Jan 2022 – Feb 17, 2023 |
External Roles
- Not disclosed in Company filings reviewed.
Fixed Compensation
| Metric | FY 2022 |
|---|---|
| Employment Agreement Base Salary ($) | $300,000 |
| Salary Paid ($) | $294,457 |
| Target Bonus (%) | 50% of base salary |
Notes:
- Employment agreement dated January 10, 2022 set base pay and incentive eligibility .
- Summary Compensation Table reports actual salary paid for 2022 .
- No disclosure of actual bonus paid to VanDam for 2022 or 2023 in the proxy or 8-K filings reviewed.
Performance Compensation
| Component | Metric | Target / Structure |
|---|---|---|
| Annual Incentive | Earnings targets set annually by the Board | Up to 50% of base salary |
Notes:
- Weighting by metric, specific targets, actual payout amounts, and vesting schedules for VanDam’s incentives were not disclosed in filings reviewed.
Equity Ownership & Alignment
| As reported | Common Shares Owned | Ownership % of Class |
|---|---|---|
| 2025 Proxy (as of record date) | 0 | <1% |
Additional observations:
- No options, RSUs/PSUs, or pledging of EFSH shares disclosed for VanDam in the reviewed filings .
- Outstanding equity awards table in the 2023 proxy indicates no executive officer had unvested or unexercised awards as of December 31, 2021; VanDam’s 2022–2023 equity awards (if any) are not disclosed .
Employment Terms
| Term | Detail |
|---|---|
| Agreement Date | January 10, 2022 |
| Employment Type | At-will |
| Base Salary | $300,000 |
| Annual Incentive | Up to 50% of base salary, earnings targets set by Board |
| Employee Notice | 30 days’ notice by employee |
| Restrictive Covenants | Non-solicitation of Company employees for two years following termination; confidentiality provisions |
| Resignation | Effective February 17, 2023; not due to disagreement with Company operations, policies, or practices |
Notes:
- Severance and change-of-control economics specific to VanDam are not disclosed in his employment agreement excerpt; Company equity plan definitions of “Change of Control” exist but individual entitlements for VanDam are not provided .
Investment Implications
- Alignment: Zero beneficial ownership reported in the 2025 proxy suggests limited direct equity alignment, reducing insider selling pressure but also signaling lower “skin-in-the-game” at that time .
- Incentive design: Compensation structure emphasized a modest base with at-risk annual bonus tied to earnings targets; lack of disclosed metrics/weighting/payouts limits pay-for-performance visibility .
- Retention/transition risk: At-will arrangement, 30-day employee notice, and absence of disclosed severance/change-of-control benefits for VanDam suggest limited contractual retention hooks; his resignation was not due to disagreement, reducing governance risk signals from departure timing .
- Equity-driven signals: No disclosed equity grants, vesting schedules, or pledging/hedging indicate minimal equity-related trading signals for this executive in the period reviewed .