Tyson Pratcher
About Tyson A. Pratcher
Tyson A. Pratcher (age 50) is an independent director of Finance of America Companies Inc. (FOA) who joined the board on April 1, 2021. He is Senior Managing Director at Artemis Real Estate Partners and CEO of Artemis Strategic Capital Partners; previously he was Senior Advisor at 7 Acquisition Corporation and RockCreek Group, Head of Investments at TFO USA (2017–2019), and Director of Opportunistic Investments and Absolute Return Strategies at the New York State Common Retirement Fund (2007–2017). He holds a J.D. from Columbia Law School and a B.S. in Political Science from Hampton University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| New York State Common Retirement Fund | Director of Opportunistic Investments; Director of Absolute Return Strategies | 2007–2017 | Led alternative investments and absolute return allocations |
| TFO USA | Head of Investments | 2017–2019 | Oversaw investment strategy |
| RockCreek Group | Senior Advisor | ~2020 | Advisory capacity on investments |
| 7 Acquisition Corporation | Senior Advisor | Prior to Artemis | Advisory role |
| Organix Recycling, Inc. | Director | 2018–2020 | Board service |
| Citizens Parking | Director | 2017–2019 | Board service |
| GripInvest | Director | 2017–2019 | Board service |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Artemis Real Estate Partners | Senior Managing Director | Current | Investment leadership |
| Artemis Strategic Capital Partners | CEO | Current | Portfolio/strategy leadership |
| FS Multi-Alternative Income Fund | Trustee | Current | Board of trustees |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee member; not on Nominating & Corporate Governance. He is not a committee chair .
- Independence: Board determined Pratcher qualifies as an independent director under NYSE standards .
- Attendance/engagement: In FY2024, the Board met 10 times; Audit met 7; Compensation met 3; Nominating met 2. All directors met at least 75% attendance across Board/committee meetings during their service period .
- Executive sessions: Non-management director executive sessions are regularly scheduled; Brian L. Libman presides. Independent directors meet privately at least annually .
- Controlled company status: FOA is a NYSE “controlled company,” allowing exceptions from certain governance requirements (e.g., majority independent board, fully independent comp/nomination committees). Although a majority of directors are independent, the controlled company status reduces some shareholder protections .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Fees earned (cash) – 2024 | $100,000 | Quarterly cash retainer of $25,000; no separate meeting fees disclosed |
| Director compensation program | ~$200,000 per year | Comprises $100k cash and ~$100k equity; 2024 equity grant adjusted due to stock price below $10 pre-reverse split; Blackstone-affiliated directors (if any) not compensated |
Performance Compensation
| Grant Date | RSUs (#) | Grant Date Fair Value ($) | Vesting Schedule | Performance Conditions |
|---|---|---|---|---|
| May 13, 2024 | 10,000 | $65,200 | Vests on the earlier of the 2025 Annual Meeting date or May 13, 2025 | None disclosed; time-based vesting only |
Other Directorships & Interlocks
| Company/Entity | Type | Role | Potential Interlock with FOA |
|---|---|---|---|
| FS Multi-Alternative Income Fund | Investment fund | Trustee | No FOA-related dealings disclosed |
| Organix Recycling, Inc. | Private company | Former Director | No FOA-related dealings disclosed |
| Citizens Parking | Private company | Former Director | No FOA-related dealings disclosed |
| GripInvest | Private company | Former Director | No FOA-related dealings disclosed |
Expertise & Qualifications
- Deep alternatives and pension investment oversight (NYS Common Retirement Fund) and leadership of opportunistic/absolute return strategies .
- Senior roles across asset management and advisory (Artemis, RockCreek, TFO USA), aligned with audit/compensation oversight needs .
- Legal training (Columbia Law School), beneficial for governance and risk oversight .
Equity Ownership
| Category | Amount | Percent | Notes |
|---|---|---|---|
| Beneficial ownership – Class A shares (as of Mar 19, 2025) | 22,280 | <1% | As reported; includes RSUs vesting within 60 days per SEC rules |
| FOA Units | — | — | None reported |
| RSUs outstanding (as of Dec 31, 2024) | 10,000 | — | Vests at/near 2025 Annual Meeting; separate from beneficial total methodology |
- Hedging/pledging: Company policy prohibits hedging or pledging company securities by directors/officers .
Governance Assessment
- Strengths:
- Independent director on both Audit and Compensation committees; Audit chaired by an audit committee financial expert (Corio) and committee meets frequently (7x in 2024) .
- Documented attendance ≥75% indicates baseline engagement; regular executive sessions support independent oversight .
- Equity component (RSUs) adds ownership alignment, with scheduled vesting around the annual meeting .
- Risks/Red flags to monitor:
- Controlled company status reduces certain governance safeguards; Compensation Committee includes non-independent chair (Libman), consistent with controlled company exceptions, which may weaken pay oversight independence .
- No Pratcher-specific related-party transactions disclosed; however, FOA has complex related-party arrangements with principal stockholders (Stockholders Agreement, TRAs, senior notes), which heighten overall governance complexity; continued scrutiny warranted for conflicts and cash obligations under TRAs .
- Ownership alignment is modest (<1%); while RSUs add alignment, monitor compliance with any director ownership guidelines if disclosed in future filings .
- Overall implication: Pratcher’s investment and legal background suits audit and compensation oversight. The primary governance risk stems from FOA’s controlled company structure and principal stockholder arrangements; investors should evaluate committee independence dynamics and potential conflicts in broader FOA transactions rather than Pratcher-specific issues .