Eric J. Green
FULL HOUSE RESORTSAbout Eric J. Green
Eric J. Green (Age: 54; Director since July 2020) is an independent director of Full House Resorts and serves as Chair of the Compensation Committee and a member of the Nominating & Corporate Governance Committee. He is Chief Investment Officer at Penn Capital, overseeing equity and credit strategies and serving as Senior Portfolio Manager across several small/mid-cap strategies. He previously worked at Fannie Mae, Royal Bank of Scotland, and the SEC’s Division of Investment Management, and holds a B.S. in business administration from American University and an MBA from Yale School of Management . The Board has determined the Compensation Committee members, including Mr. Green, are independent under Nasdaq and Rule 16b-3 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Penn Capital | Chief Investment Officer; Senior Portfolio Manager | Since 1997 (dates for PM roles not further specified) | Leads equity/credit strategies; executive team member guiding firm strategy |
| Federal National Mortgage Association (Fannie Mae) | Finance role (not specified) | Not disclosed | Investment/finance experience |
| Royal Bank of Scotland | Finance role (not specified) | Not disclosed | Investment/finance experience |
| U.S. SEC, Division of Investment Management | Financial Analyst | Not disclosed | Securities regulation expertise |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| GAN, LTD | Director | Current | Online sports betting and gaming technology company |
| Anti-Defamation League (ADL), Mid-Atlantic Region | Vice Chairman | Current | Non-profit governance experience |
Board Governance
- Committee assignments: Compensation (Chair); Nominating & Corporate Governance (Member). Not on Audit or Compliance .
- Independence: Compensation Committee members (Green, Braunlich, Shaunnessy) deemed independent; committee held two meetings in 2024 .
- Attendance: Board held five meetings in 2024; each director attended at least 75% of board and committee meetings; all directors attended the 2024 annual meeting .
- Nominating & Corporate Governance Committee: Three members (Handler—Chair, Braunlich, Green); two meetings in 2024; oversees director qualifications, independence standards, corporate governance guidelines, and board evaluations .
- Related parties: No related party transactions in 2023 or 2024; audit committee must approve any related party transactions; directors must recuse where personal interests exist .
- Section 16 compliance: All insider ownership reports were timely filed, per review of furnished reports and written representations .
- Shareholder support signals (2025 AGM): Eric J. Green was re-elected with 20,120,546 For / 1,762,082 Against / 34,826 Abstain (broker non-votes 9,120,021). Say‑on‑pay passed with 18,213,367 For / 3,136,094 Against / 567,993 Abstain; annual say‑on‑pay frequency (1 year) received 19,999,018 votes .
Fixed Compensation
| Component ($) | FY 2023 | FY 2024 |
|---|---|---|
| Annual Director Cash Retainer | 50,000 | 50,000 |
| Compensation Committee Chair Fee | 12,000 | 12,000 |
| Fees Earned or Paid in Cash (reported) | 62,000 | 62,000 |
| Annual Equity Grant (Common Stock, grant-date fair value) | 74,999 | 75,000 |
| Total Director Compensation (reported) | 136,999 | 137,000 |
Notes:
- Non-employee director pay structure: $50,000 cash; common stock grant ≈$75,000; Chair fees: Audit $17,500; Compensation $12,000; Nominating & Corporate Governance $10,000; Compliance $10,000 (paid quarterly) .
Performance Compensation
- Directors receive annual grants of common stock (time-based); no director-specific performance metrics are disclosed for equity grants .
- Equity plan provisions (relevant features for any awards under the 2025 Equity Incentive Plan):
- Dividends/dividend equivalents on performance-vested awards only paid after vesting; no dividends or equivalents on options/SARs .
- Options/SARs exercise/base price not less than 100% of fair market value on grant date; general award term ≤10 years (≤5 years for certain ISO ten-percent holders) .
- Prior plan prohibits repricing/exchange of equity grants without stockholder approval .
| Feature | Detail |
|---|---|
| Director equity type | Common stock; grant-date FV ≈$75k annually |
| Performance metrics for director awards | Not disclosed (none specified) |
| Dividends on unvested performance awards | Credited but payable only upon actual vesting |
| Options/SAR pricing rule | ≥100% of FMV at grant |
| Repricing prohibition | Repricing/exchanges prohibited without stockholder approval (2015 Plan) |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlock Notes |
|---|---|---|---|
| GAN, LTD | Director | Not disclosed | Company discloses no interlocking relationships in 2024 between FLL’s Board or Compensation Committee and any other company |
Expertise & Qualifications
- 20+ years of investment management experience; CIO at Penn Capital; portfolio management across small/mid-cap strategies .
- Prior roles at Fannie Mae, RBS, and SEC Division of Investment Management; securities industry and regulatory experience .
- Education: American University (B.S.), Yale School of Management (MBA) .
- Board qualification rationale: Experience in financial services and securities; executive management experience in asset management .
Equity Ownership
| Category | Shares |
|---|---|
| Directly owned (as of March 18, 2025) | 164,372 |
| Family trust (children) | 3,429 |
| Restricted stock vesting within 60 days | 14,151 |
| Options currently exercisable | 8,000 |
| Total beneficial ownership | 189,952 (less than 1% of common shares outstanding) |
- Anti-hedging/pledging: Company prohibits hedging, margin purchases, and pledging of securities by directors, officers, and insiders .
- Section 16 compliance: All insider ownership reports timely filed .
Governance Assessment
- Strengths: Independent status; chairing Compensation Committee; robust governance framework (committee charters, independence determinations); no related party transactions; timely Section 16 compliance; shareholder support on re-election and say-on-pay; anti‑hedging/pledging policies .
- Engagement: Board met five times; committees active (Compensation and Nominating & Corporate Governance held two meetings each in 2024); all directors attended annual meeting .
- Compensation alignment for directors: Balanced cash ($50k + chair fee) and equity (~$75k common stock); no performance metrics disclosed for director equity; consistent year‑over‑year structure (2023→2024), indicating stability .
- Consultant and peer benchmarking: Compensation Committee used AETHOS to advise on executive compensation and peer group review; committee comprised of independent directors; no interlocks in 2024 .
- Watch items (noted but mitigated): Compensation Committee includes a former company CFO (1998–2004) as member; Board affirms independence under listing standards and Exchange Act rules .
RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, option repricing, or delinquent ownership filings .