Daniel Leff

About Daniel Leff

Dr. Daniel Leff, age 56, is an independent director of Fubo (director since July 2020; previously director of FuboTV Sub from May 2015) and serves as Chair of the Nominating & Corporate Governance Committee, member of the Compensation Committee, and member of the Audit Committee, where he is designated a financial expert . He is Co‑Founder and Managing Partner of Waverley Capital and Managing Partner of Luminari Capital, with prior roles at Globespan Capital Partners, Sevin Rosen Funds, Redpoint Ventures, and Intel; he holds a B.A. in Chemistry (UC Berkeley), a Ph.D. in Physical Chemistry (UCLA), and an MBA (UCLA Anderson) and serves on the UCLA Anderson Board of Advisors and the UCLA Center for Media, Entertainment, and Sports Board .

Past Roles

External Roles

Board Governance

• Committee assignments: Nominating & Corporate Governance (Chair), Compensation (Member), Audit (Member; Audit Committee Financial Expert) .
• Independence: Board determined Dr. Leff is independent under NYSE rules; Board noted his affiliations with Luminari Capital and Waverley Capital, both Fubo shareholders, but still determined independence .
• Attendance: In 2024, each director attended at least 75% of Board and applicable committee meetings; the Board met 19 times; Audit met 4 times; Compensation met 7 times; Nominating & Corporate Governance met 4 times .
• Executive sessions: Independent directors hold regular executive sessions; committee chairs preside on a rotating basis; independent-only sessions are held with the Audit Chair presiding .
• Lead Independent Director: Corporate Governance Guidelines allow for one if the Chair is not independent; currently none is appointed .
• Committee independence: 100% independent Audit, Compensation, and Nominating & Corporate Governance Committees .

Fixed Compensation

• Director fee policy (non‑employee directors): base retainer $50,000; Committee Chairs: Audit $30,000, Compensation $20,000, Nominating & Corporate Governance $15,000; Committee members: Audit $12,500, Compensation $9,500, Nominating & Corporate Governance $6,000; Chairman of the Board (including Executive Chairman) additional $50,000 .
• 2024 director compensation for Daniel Leff:
  • Cash fees earned: $87,000 (base + chair/member fees) .
  • Equity (grant date fair value): $211,454 (annual RSU award) .
  • Total 2024 director compensation: $298,454 .

Performance Compensation

• Equity for non‑employee directors: annual RSU award with targeted value of $228,000, vesting by the next annual meeting; initial new‑director award value $330,000; acceleration upon change in control .
• 2024 equity for Daniel Leff: $211,454 grant-date fair value; outstanding as of year-end: 179,198 RSUs and 65,540 options (exercisable within 60 days) per director equity detail .
• Performance metrics: No performance-conditional metrics are applied to director compensation; equity vests time‑based per policy .

Other Directorships & Interlocks

• Public company directorships (current): None disclosed for Leff; prior public directorship at Roku, Inc. (2011–2018) .
• Interlocks/potential related interests:
  • Waverley Capital LP, Luminari Capital, and WL fuboTV LP hold Fubo shares; general partners/managers include Dr. Leff (and Mr. Bronfman for certain entities), indicating shared voting/investment power; each disclaims beneficial ownership beyond pecuniary interest .
  • The Board affirmed independence and reported no director had a direct or indirect material interest in related relationships during 2024 through the proxy date .

Expertise & Qualifications

• Designated Audit Committee Financial Expert (NYSE/SEC standards) .
• Deep media/technology investing and operating background via Waverley Capital and Luminari Capital, and prior operating/strategic roles at Intel .
• Education: B.A. Chemistry (UC Berkeley), Ph.D. Physical Chemistry (UCLA), MBA (UCLA Anderson) .
• Prior public board experience: Roku, Inc. (streaming) .
• SPAC leadership experience: CEO/Director, Waverley Capital Acquisition Corp. 1 (2021–2023) .

Equity Ownership

Governance Assessment

• Strengths:

  • Independent director with deep sector expertise; Chairs Nominating & Corporate Governance and serves on Compensation and Audit (as financial expert) .
  • Strong committee governance: 100% independent key committees; annual board/committee self‑evaluations; active shareholder engagement .
  • Attendance and engagement: met or exceeded 75% attendance requirement in a high-activity year (19 board meetings) .
  • Shareholder alignment signals: annual say‑on‑pay support improved to ~89% in 2024 following program changes, indicating responsiveness to investor feedback .
  • Clawback and anti‑hedging policies in place; equity plan prohibits repricing without shareholder approval .

• Potential risks/considerations:

  • Affiliation with shareholder funds (Waverley Capital, Luminari Capital, WL fuboTV) alongside fellow director Edgar Bronfman Jr. creates potential perceived conflicts/interlocks; Board affirmed independence and reported no material related‑party interest for 2024, but investors may monitor for transactions involving affiliated entities .
  • No Lead Independent Director currently designated; independent committee leadership partially mitigates this .

• Director compensation alignment:

  • Cash retainer structure plus time‑based RSUs consistent with market; 2024 mix for Leff: ~$87k cash and ~$211k equity; plan caps director equity value and requires vesting; aligns with owner‑orientation .

No insider Form 4 trading data for Dr. Leff is disclosed in the proxy; related‑party policy indicates no material related‑party transactions in 2024 through the proxy date .