Reid Granados
About Reid Granados
Acting Chief Financial Officer (Principal Financial Officer) since January 1, 2025, and Director of Logistics since September 2024; age 43. He brings 20+ years of finance and operations experience across e-commerce and payments/fintech, with prior roles including Director of Finance at Ryvyl (NASDAQ-listed blockchain payments) and CFO of ChargeSavvy, and earlier VP Finance at a publicly traded retail e-commerce company; JD and MBA (DePaul) and bachelor’s in accounting and finance (Loyola Chicago) . Company-level performance during FY2025 (his initial tenure window) included net income of $(243,101) and a $100 TSR reference value of $31.86 as of June 30, 2025, per required pay-versus-performance disclosure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Ryvyl (NASDAQ-listed blockchain payments) | Director of Finance | Not disclosed | Finance leadership in blockchain-based payments operations . |
| ChargeSavvy (POS technology) | Chief Financial Officer | Not disclosed | CFO role in point-of-sale technology; finance and operations oversight . |
| Publicly traded retail e-commerce company | Vice President of Finance | Not disclosed | Finance leadership in retail e-commerce . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in company filings | — | — | No outside directorships or external roles disclosed for Mr. Granados . |
Fixed Compensation
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary ($) | $0 | $141,013 |
| Paid Bonus ($) | $0 | $0 |
| Accrued Bonus ($) | $0 | $3,000 |
| Option/Stock Awards ($) | $0 | $0 |
| Total ($) | $0 | $144,013 |
Notes:
- Appointed Acting CFO effective January 1, 2025 .
- No stock or option awards disclosed for Mr. Granados in FY2024–FY2025 .
Performance Compensation
| Incentive Type | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Quarterly cash bonus plan | Performance targets set by Board (specific metrics not disclosed) | Not disclosed | Not disclosed | Not disclosed | $3,000 (accrued, FY2025) | N/A (cash) |
| Equity awards | N/A (no awards disclosed) | — | — | — | — | — |
Context on program design:
- Bonuses are based on performance objectives set by the Board; actual bonus amounts are at the Board’s discretion .
- Company maintains a Mandatory Recoupment (clawback) Policy for erroneously awarded compensation and an Insider Trading Policy that, among other things, restricts trading during blackouts, requires pre-clearance, prohibits hedging/short sales/derivative transactions, and restricts pledging/margin use without advance approval .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (as of 9/30/2025) | Mr. Granados is not listed among named beneficial owners; no shares disclosed in the table of directors/executive officers/5% holders . |
| Ownership % of outstanding shares | Not disclosed; not listed as a beneficial owner . |
| Vested vs. unvested shares | None disclosed . |
| Options (exercisable/unexercisable) | None disclosed for Mr. Granados; outstanding options shown only for other NEOs (Lee, Bauer) . |
| Shares pledged as collateral | No pledges disclosed; Company policy restricts pledges without advance approval . |
| Stock ownership guidelines | Not disclosed . |
| Clawback/recoupment | Mandatory Recoupment Policy in place . |
Implication: With no disclosed equity awards or ownership, near-term insider selling pressure from Mr. Granados appears minimal, but equity alignment is limited absent future grants .
Employment Terms
| Term | Detail |
|---|---|
| Appointment/Start date | Acting CFO effective January 1, 2025; Director of Logistics since September 2024 . |
| Contract term/renewal | No employment agreement terms disclosed for Mr. Granados . |
| Severance | Not disclosed for Mr. Granados (severance and CoC terms disclosed only for OC Kim and David Lee) . |
| Change-of-control (CoC) | Not disclosed for Mr. Granados (CoC agreements exist for OC Kim: $5M; David Lee: $2M) . |
| Non-compete / non-solicit / garden leave | Not disclosed for Mr. Granados . |
| Post-termination consulting | Not disclosed . |
| 10b5-1 / Insider trading | Policy requires pre-clearance; prohibits hedging/short sales/derivatives; restricts margin/pledging without approval . |
| Clawback | Mandatory Recoupment Policy in place . |
Investment Implications
- Pay-for-performance alignment: Mr. Granados’ FY2025 compensation was primarily fixed cash salary with a modest accrued bonus ($3,000), and no equity awards; absent disclosed performance metrics or equity, alignment to shareholder outcomes is limited in the near term .
- Retention risk: No employment agreement, severance, or CoC protections are disclosed for him, which can reduce retention “stickiness” relative to peers who have such protections; conversely, the Acting CFO title may indicate interim status pending permanent appointment .
- Insider trading/pledging risk: Company policy mitigates risk via prohibitions on hedging/short sales and restrictions on pledging/margin without approval; no pledges or hedging by Mr. Granados are disclosed .
- Insider selling pressure: With no disclosed equity grants or owned shares, near-term selling pressure from Mr. Granados is likely negligible; however, absence of equity also reduces long-term ownership alignment unless future grants are made .
- Execution backdrop: During his initial tenure window (FY2025), company-level pay-versus-performance data show a TSR reference value of $31.86 (from $100 base) and net income of $(243,101), an improvement vs FY2024 net loss, underscoring a challenged but improving profitability environment; no direct attribution to Mr. Granados is made in filings .