Kevin Beebe
About Kevin L. Beebe
Kevin L. Beebe, age 66, is Lead Independent Director at Frontier Communications Parent, Inc. (FYBR), serving on the Board since 2019 and as Lead Independent Director since November 2022. He holds a B.A. in Economics (Kutztown University), an M.A. in Economics (Bowling Green State University), and completed Columbia University’s Executive Program in Business Administration. He brings over 30 years of telecom leadership and M&A experience, including as Group President of Operations at ALLTEL, and is co-founder of Astra Capital Management and CEO of 2Bpartners, LLC .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| 2Bpartners, LLC | President & CEO | 2007–Present | Strategic, financial, and operational advisory in tech/telecom |
| Astra Capital Management | Founding Partner | 2014–Present | Private equity investing in tech/telecom; value creation focus |
| ALLTEL Corporation | Group President of Operations | 1998–2007 | Oversaw ~$60B transactions; led take-private decision |
| 360 Communications Co. | EVP, Operations | 1996–1998 | Operations leadership in telecom |
| AT&T/Sprint | Various management roles | 1983–1995 | Regulatory, marketing, enterprise sales, network/operations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| SBA Communications Corporation | Director | 2009–Present | Public company board |
| Skyworks Solutions, Inc. | Director | 2004–Present | Public company board |
| DartPoints | Director | 2020–Present | Private company board |
| Logix Fiber Company | Director | 2016–Present | Private company board |
| Syniverse Technologies | Director | 2011–Present | Private company board |
| NII Holdings, Inc. | Director | 2010–Present | Private company board |
Board Governance
- Independence: The Board determined all non-employee directors, including Beebe, are independent under SEC and Nasdaq rules; only the Executive Chairman (Stratton) and CEO (Jeffery) are non-independent .
- Roles and Committees:
- Lead Independent Director: Presides over executive sessions of independent directors and serves as liaison with management; responsibilities defined in charter (agenda input, governance oversight, external communications) .
- Committee Memberships: Compensation & Human Capital; Nominating & Corporate Governance; Strategic Review .
- Attendance: In 2024, the Board met 16 times; average director attendance was 97.8%, and each director attended at least 93% of Board and standing committee meetings . Committee meetings in 2024: Audit (6), Compensation & Human Capital (10), Nominating & Corporate Governance (4) .
- Overboarding Policy: Limits include ≤4 public boards per director (including Frontier), ≤2 for public company executives, and ≤3 audit committees unless the Nom/Gov Committee approves an exception .
- Executive Sessions: Beebe, as Lead Independent Director, presides over independent director sessions .
Fixed Compensation
| Component | Structure/Amount | Source |
|---|---|---|
| Annual cash retainer (Board) | $115,000 (paid quarterly) | |
| Lead Independent Director cash retainer | $25,000 (incremental, paid quarterly) | |
| Committee chair cash retainers | Audit $25,000; Comp & HC $20,000; Nom & Gov $15,000 | |
| Strategic Review Committee cash retainer (member) | $30,000 (paid quarterly) | |
| Strategic Review Committee chair cash retainer | $60,000 (paid quarterly) |
| Director | 2023 Cash ($) | 2024 Cash ($) | Notes |
|---|---|---|---|
| Kevin L. Beebe | $125,000 | $155,000 | Includes Board retainer and applicable role/committee cash fees |
Performance Compensation
| Component | Structure/Amount | Vesting | Source |
|---|---|---|---|
| Annual RSU award (non-employee directors) | $150,000 RSUs (time-based) | Vests on specified date (e.g., May 31, 2025) | |
| Committee member RSU retainers | Audit $15,000; Comp & HC $12,000; Nom & Gov $10,000 | Time-based | |
| Kevin L. Beebe – Stock awards (2024) | $176,432 (grant-date fair value) | Time-based RSUs | |
| Kevin L. Beebe – Unvested RSUs (12/31/2024) | 6,603 units | Time-based |
Directors are compensated in cash and time-based RSUs; there are no performance-based (PSU) awards for directors. Grant-date fair value computed per ASC 718; 2024 annual grant priced at $26.72 per share .
Other Directorships & Interlocks
- Current public company boards: SBA Communications; Skyworks Solutions .
- Compensation Committee Interlocks: None in 2024; no insider participation interlocks disclosed .
Expertise & Qualifications
- Deep telecom operations, M&A, and value creation experience (oversaw ~$60B transactions at ALLTEL; private equity investing via Astra Capital) .
- Human capital/compensation oversight via Compensation & Human Capital Committee membership .
- Education: B.A. Economics (Kutztown), M.A. Economics (Bowling Green State), Columbia Executive Program .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Kevin L. Beebe | 36,916 | <1% | Includes vested/deferrable RSUs; RSUs (vested/unvested) count towards director ownership guideline |
- Director stock ownership guideline: Minimum value of 5× annual core cash compensation (currently ~$500,000) within 5 years; RSUs (vested/unvested, including deferred) count toward compliance .
- Hedging/pledging: Prohibited for directors and executive officers (pledging only if specifically pre-approved by Chief Legal Officer) .
Governance Assessment
- Independence and oversight: Strong independent leadership structure with Beebe as Lead Independent Director; clear chartered responsibilities and regular executive sessions bolster board effectiveness .
- Engagement: High Board attendance (97.8% average) and active committee cadence; Beebe serves on three key committees (Compensation, Nominating, Strategic Review) .
- Compensation alignment: Director pay mix balanced (cash + time-based equity). Beebe’s 2024 total director compensation $331,432 (cash $155,000; stock $176,432), slightly above 2023 ($297,000), reflecting program structure and RSU valuation increases .
- Ownership alignment: Beneficial ownership of 36,916 shares (<1%) with RSUs included for guideline compliance; company prohibits hedging/pledging, supporting long-term alignment .
- Potential conflicts: No related person transactions reported for 2024 under Item 404; Compensation Committee interlocks absent. Beebe’s private equity and multiple board roles are mitigated by overboarding limits and independence reviews .
- Shareholder signals: 2025 say-on-pay approved (FOR 177,614,890; AGAINST 6,004,559; ABSTAIN 1,165,054), indicating broad support; 2024 say-on-pay support was 85% of votes cast .
Director Compensation (Detail)
| Metric | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) – Beebe | $125,000 | $155,000 |
| Stock Awards ($) – Beebe | $172,000 | $176,432 |
| Total ($) – Beebe | $297,000 | $331,432 |
Board Governance Policies and Procedures (Selected)
- Annual elections; majority independent board; fully independent standing committees .
- Clawback policy administered by Compensation & Human Capital Committee; robust executive and director ownership guidelines .
- Risk oversight distributed across committees; Audit oversees cybersecurity and related person transactions processes .
RED FLAGS
- None disclosed specific to Beebe:
- No related party transactions involving Beebe reported for 2024 .
- Attendance thresholds met across Board and committees .
- No compensation committee interlocks noted .
- Monitoring considerations:
- Multiple external directorships (SBA, Skyworks) warrant ongoing review under overboarding standards; Frontier policy addresses limits and independence assessment annually .