Trevor Edwards
FunkoAbout Trevor Edwards
Trevor Edwards (age 62) is an independent Class II director at Funko, serving since July 2022. He spent 25 years at NIKE, culminating as President, NIKE Brand (2013–2018), and earlier held senior global marketing roles; he previously worked at Colgate-Palmolive and holds a B.B.A. and M.B.A. from Baruch College . Funko’s Board affirms his independence under Nasdaq rules , and he is nominated to continue as a Class II director through the 2028 meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NIKE, Inc. | President, NIKE Brand | 2013–2018 | Led brand globally; senior public-company leadership experience |
| NIKE, Inc. | VP, Global Brand & Category Management | 2006–2013 | Global brand and category strategy |
| NIKE, Inc. | VP, Global Brand Management | 2002–2006 | Global brand management |
| NIKE, Inc. | VP, U.S. Brand Marketing | 2000–2002 | U.S. brand marketing leadership |
| NIKE, Inc. | VP, EMEA Marketing | 1999–2000 | Regional marketing leadership |
| NIKE, Inc. | Director of Marketing, Europe | 1997–1999 | European marketing |
| NIKE, Inc. | Director of Marketing, Americas | 1995–1997 | Americas marketing |
| Colgate-Palmolive | Global Marketing | Prior to NIKE | Consumer marketing foundation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| VF Corporation | Director | Current | Leading apparel/footwear; public company board |
| Fanatics Inc. | Director | Current | Global digital sports platform; private |
| Mattel Inc. | Director | 2012–2018 | Global toy company; public company |
Board Governance
- Committee assignments: Compensation Committee member (Chair: Sarah Kirshbaum Levy; members: Trevor Edwards, Diane Irvine) .
- Independence: Board determined Edwards is independent under Nasdaq Rules .
- Attendance and engagement: In FY2024 there were seven Board meetings; each director attended at least 75% of Board and committee meetings, except Michael Kerns (70%). Edwards met or exceeded the 75% threshold .
- Executive sessions: Independent directors meet in regularly scheduled executive sessions, led by the Chair or a selected independent director .
- Election/timing: Class II nominee to serve until the 2028 Annual Meeting .
Fixed Compensation
| Component | Amount/Policy | FY2024 Edwards Amount |
|---|---|---|
| Board annual cash retainer (non-employee) | $90,000 | $95,000 fees earned/paid in cash |
| Committee chair retainers | Audit Chair $25,000; Comp Chair $20,000; Nominating Chair $15,000 | N/A (not a chair) |
| Committee member retainers | $5,000 per committee (Audit/Comp/Nominating) | Included within total fees as applicable |
Performance Compensation
| Equity Element | Target Structure | FY2024 Grant Value (Edwards) | Vesting |
|---|---|---|---|
| Director stock options | $75,000 target value per year | $167,338 grant-date fair value | 100% vest on June 4, 2025 (for 25,500 unvested options at FY2024 year-end) |
| Director RSUs | $75,000 target value per year | $96,224 grant-date fair value | 100% vest on June 4, 2025 (10,204 RSUs at FY2024 year-end) |
| Change-in-control treatment | Director awards accelerate/vest in full on change in control | Policy applies |
Notes: Director awards are time-based; no director performance metrics apply to equity vesting .
Other Directorships & Interlocks
| Company | Relationship to FNKO | Governance Note |
|---|---|---|
| VF Corporation | No specific related-party transaction disclosed in 2025 proxy section reviewed | Monitor for potential licensing/merchandising overlaps; review under related person policy if transactions arise |
| Fanatics Inc. | No specific related-party transaction disclosed in 2025 proxy section reviewed | Potential distribution/customer overlap common in collectibles; subject to Audit Committee related-person review policy |
| Mattel Inc. (prior) | Historical service only | No current interlock impact |
- Related-person review governance: Funko’s written Related Person Transaction Policy requires Audit Committee review/approval of transactions >$120k involving related persons; directors cannot approve transactions for which they are related persons . The proxy’s related-party section describes transactions since Jan 1, 2024 but does not list any involving Edwards in the portions reviewed .
Expertise & Qualifications
- Deep brand and global marketing expertise from NIKE (President of NIKE Brand; multiple VP roles across global regions and functions) .
- Public company board experience (VF Corporation; prior Mattel Inc.) and private company board (Fanatics Inc.) .
- Education: B.B.A. and M.B.A., Baruch College .
Equity Ownership
| Ownership Detail | Amount | % of Shares Outstanding | Notes |
|---|---|---|---|
| Total beneficial ownership (Class A) | 56,834 shares (beneficially owned) | <1% | As of April 28, 2025 |
| Shares held directly | 6,030 shares | <1% | Sole voting/dispositive power |
| Options exercisable (vested) | 15,100 options | N/A | Currently vested |
| Options vesting within 60 days (from 4/28/2025) | 25,500 options | N/A | Time-based vesting |
| RSUs vesting within 60 days (from 4/28/2025) | 10,204 RSUs | N/A | Time-based vesting |
| Stock ownership guidelines | Non-employee directors: 5x annual retainer | — | All directors either compliant or on track as of 12/31/2024 |
| Hedging/pledging | Prohibited for directors under Insider Trading Policy | — | No pledging allowed; hedging barred |
Governance Assessment
- Independence & engagement: Edwards is affirmed independent; attended ≥75% of Board/committee meetings in 2024; contributes to Compensation Committee governance (7 meetings in 2024) . This supports investor confidence in oversight and pay practices.
- Compensation Committee quality: Committee chaired by Sarah Kirshbaum Levy, with Edwards and Diane Irvine as members; uses independent consultant Semler Brossy; maintains clawback policies and annual say-on-pay (99% approval in 2024 for prior year comp), indicating responsiveness and alignment .
- Ownership alignment: Edwards holds equity (vested options and RSUs); director equity awards vest over a year and accelerate on change-in-control; directors have 5x retainer ownership guidelines and anti-hedging/pledging policies, providing alignment and reducing misalignment risk .
- Potential conflicts: Edwards’ roles at VF and Fanatics present potential ecosystem overlaps (merchandising, distribution). The proxy outlines robust related-person review by the Audit Committee; no Edwards-related transactions are apparent in the sections reviewed, but investors should monitor any future commercial arrangements with Fanatics/VF .
- Board environment: TCG can designate directors and holds ~22.8% voting power; while Edwards is independent, the shareholder agreement may influence Board composition and strategic direction—an important governance context for investors .
- Risk indicators: Funko disclosed material weaknesses in internal control in 2022–2023, with oversight by the Audit Committee. Compensation Committee governance and equity alignment help, but remediation progress remains a broader governance watch item .