Brian M. Deevy
Liberty MediaAbout Brian M. Deevy
Independent director of Liberty Media (Liberty Formula One Group; FWONA/FWONK) since June 2015; age 69. Former Head of RBC Capital Markets’ Communications, Media & Entertainment Group and Chairman/CEO of Daniels & Associates, with deep M&A and capital formation expertise in communications, media and entertainment . Classified as a Class II director with term expiring at the 2027 annual meeting . The Board has affirmatively determined he is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| RBC Capital Markets – Communications, Media & Entertainment Group (CME) | Head; led strategic development across M&A, private equity/debt capital, financial advisory | Until June 2015 | Strategic development across transactions |
| Daniels & Associates | Chairman & Chief Executive Officer | Pre‑2007 (firm acquired by RBC in 2007) | Built leading advisory in communications sector |
| Continental Illinois National Bank | Banker | Prior role before Daniels & Associates | Credit/capital markets experience |
| Daniels Fund | Director | 2003 – present | Philanthropic governance |
| U.S. Olympic & Paralympic Foundation | Director | 2016 – 2024 | Sports-related philanthropy |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Atlanta Braves Holdings (ABH) | Director | July 2023 – present | Current public company directorship |
| Trine II Acquisition Corp. | Director | Nov 2021 – May 2023 | Former public company board |
| Ascent Capital Group | Director | Nov 2013 – May 2016 | Former public company board |
| Ticketmaster Entertainment, Inc. | Director | Aug 2008 – Jan 2010 | Former public company board |
Board Governance
- Committee assignments: Audit Committee Chair; other committee memberships not listed for Deevy in 2025 board matrix .
- Audit Committee activity: 7 meetings in 2024; members were Deevy (Chair), M. Ian G. Gilchrist (audit committee financial expert), and Larry E. Romrell (Derek Chang served prior to Feb 2025) .
- Audit Committee report signatories: Deevy, Gilchrist, Romrell; recommended inclusion of audited financial statements in 2024 Form 10‑K .
- Independence: Board determined Deevy is independent under Nasdaq standards .
- Board structure: Classified board; six full Board meetings in 2024; independent directors held two executive sessions without management .
- Annual meeting attendance: Six of nine directors attended the 2024 annual meeting; directors encouraged to attend .
- Risk oversight: Audit Committee oversees financial, operational, data privacy and cybersecurity risks; Compensation oversees comp-related risks; Nominating & Governance oversees governance risks .
Fixed Compensation
- Director fee policy (2025): Annual director fee $269,150, paid $128,350 cash retainer plus election of $140,800 in RSUs/options; committee fees: Audit member $30,000 (Chair $40,000); Compensation member $10,000 (Chair $20,000); Nominating member $10,000 (Chair $20,000); Executive Committee member $10,000; Vice Chairman fee $20,000 (not applicable to Deevy) .
- Director compensation (2024 actuals):
| Component | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 164,600 |
| Stock Awards | 78,236 |
| Option Awards | 77,740 |
| All Other Compensation (health insurance premiums) | 24,691 |
| Total | 345,267 |
Stock ownership guidelines require each nonemployee director to hold stock equal to at least 3x annual cash retainer within 5 years of appointment .
Performance Compensation
Directors receive time‑based equity; no performance metrics apply to director grants.
| Grant Type | Series | Grant Details | Vesting | Notes |
|---|---|---|---|---|
| RSUs (Dec 2024) | FWONK | 657 units | Vest on first anniversary of grant or earlier upon death/disability; forfeited if director resigns/removed before vesting unless Board determines otherwise | Granted under 2022 Omnibus Plan; director annual award elections |
| RSUs (Dec 2024) | LLYVK | 227 units | Same as above | |
| Options (Dec 2024) | FWONK | 1,664 options @ $93.89 exercise price | Become exercisable on first anniversary; expire seventh anniversary (or earlier if director ceases to be director, subject to terms) | |
| Options (Dec 2024) | LLYVK | 570 options @ $72.91 exercise price | Same as above |
As of Dec 31, 2024, director equity holdings (including prior grants):
| Instrument | Series | Quantity |
|---|---|---|
| Options outstanding | FWONK | 13,116 |
| Options outstanding | LLYVK | 5,743 |
| RSUs outstanding | FWONK | 657 |
| RSUs outstanding | LLYVK | 227 |
Other Directorships & Interlocks
- Current public company: Atlanta Braves Holdings (ABH) director since July 2023 .
- Liberty ecosystem: The Board values cross‑service among Liberty Media, QVC Group, Liberty Broadband and Liberty TripAdvisor for synergy; independence is evaluated holistically (non‑Liberty directorships highlighted in board matrix) .
- 2024 governance highlight: No compensation committee interlocks or compensation committee related‑party engagements in 2024 .
Expertise & Qualifications
- In‑depth sector expertise across communications, media and entertainment; extensive experience in M&A, investment banking and capital formation; strategic insights for Liberty Media’s activities in these areas .
- Serves as Audit Committee Chair, overseeing audit scope, fees, internal controls, and auditor independence; audit committee pre‑approval policy delegates authority to the Chair above certain thresholds with quarterly reporting to the full committee .
Equity Ownership
Beneficial ownership (as of Jan 31, 2025; amounts in thousands, “*” denotes <1%) and options exercisable within 60 days:
| Series | Beneficial Ownership (000s) | Percent of Series | Voting Power | Options Exercisable ≤60 Days |
|---|---|---|---|---|
| LLYVA | 3 | * | * | — |
| LLYVB | — | — | — | — |
| LLYVK | 11 | * | — | 5,173 |
| FWONA | 3 | * | — | — |
| FWONB | — | — | — | — |
| FWONK | 17 | * | — | 12,026 |
Directors’ aggregate holdings and options are reported in the Security Ownership section; shares issuable upon exercise within 60 days are included for computing individual ownership percentages per SEC rules . No pledging of shares by Deevy is disclosed; company maintains Insider Trading Policy and hedging/recoupment framework (clawback policy adopted Aug 2023) .
Governance Assessment
- Strengths: Independent status; Audit Committee Chair role with active oversight and formal pre‑approval controls; multi‑industry transaction background aligned with Liberty Media’s portfolio; regular committee activity (7 audit meetings in 2024) and Board governance processes (classified board, executive sessions) . Director compensation combines cash with equity, supporting alignment; stock ownership guidelines in place .
- Alignment: Holds FWONK/LLYVK equity via RSUs/options; beneficial ownership is below 1% (typical for non‑employee directors) but options provide exposure to long‑term value creation .
- Conflicts/Red flags: No related‑party transactions or compensation committee interlocks involving Deevy disclosed for 2024; no family relationships; no material legal proceedings disclosed in past ten years . Service at Atlanta Braves Holdings is a current external board role; Board’s governance framework explicitly addresses outside commitments and values cross‑company service within the Liberty ecosystem while maintaining independence determinations .
Overall signal: Governance profile is consistent with effective independent oversight; audit leadership and structured equity grants support investor confidence, with no disclosed conflicts or attendance red flags in 2024 .