Michael Munoz
About Michael Munoz
Michael Munoz, age 41, is Chief Financial Officer of GameSquare, serving since April 2023; he is a CPA with a B.S. and M.S.A. from Long Island University and previously spent seven years at Grant Thornton LLP as an auditor (Audit Manager and Audit Senior Associate) . Prior roles include CFO of Engine Gaming and Media (May 2020–April 2023) and multiple finance leadership positions at Frankly Inc., including CFO (April 2018–May 2020), Controller (January 2016–April 2018), and Assistant Controller (September 2015–December 2015), with Frankly merging into Engine in May 2020 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Engine Gaming and Media, Inc. | Chief Financial Officer | May 2020–Apr 2023 | CFO during period following Frankly–Engine merger (closed May 2020) |
| Frankly Inc. | Chief Financial Officer | Apr 2018–May 2020 | CFO through merger into Engine (May 2020) |
| Frankly Inc. | Controller | Jan 2016–Apr 2018 | Ran controllership ahead of CFO appointment |
| Frankly Inc. | Assistant Controller | Sep 2015–Dec 2015 | Assisted with financial reporting |
| Grant Thornton LLP | Auditor (Audit Manager; Audit Senior Associate) | 7 years | Assurance experience and audit leadership |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | No public company board roles disclosed; Munoz is not listed among directors | — | — |
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Salary ($) | 187,500 | 293,317 |
| Bonus ($) | – | – |
| Stock awards ($) | – | – |
| Option awards ($) | – | – |
| All other compensation ($) | 22,017 | 34,690 |
| Total compensation ($) | 209,517 | 328,007 |
Notes: “All other compensation” reflects medical and other insurance benefits .
Performance Compensation
- The company does not maintain formal, pre-set performance goals or benchmarks; cash bonuses and long-term incentives (options/RSUs) for NEOs are determined on a discretionary basis by the Board, informed by individual contribution and broad company performance rather than specific metrics or weights .
- A clawback policy applies to awards under equity plans, with potential recoupment and recovery provisions at the plan administrator’s discretion .
| Component | Weighting | Target | Actual | Payout Determination | Vesting |
|---|---|---|---|---|---|
| Annual Bonus | Not prescribed | Not set | Not set | Discretionary Board approval based on informal goals and CEO recommendation | N/A |
| Long-term Incentives (Options/RSUs) | Not prescribed | Not set | Not set | Discretionary case-by-case grants; no quantitative/qualitative metrics or weights; broad company performance considered | Per grant terms; subject to clawback |
Equity Ownership & Alignment
- Insider trading policy prohibits hedging/monetization transactions, short sales, margin accounts, and pledging of GameSquare securities by insiders, reducing alignment red flags .
| Holdings | Dec 31, 2024 | Sep 5, 2025 |
|---|---|---|
| Direct shares | 43,423 | 43,423 |
| Options exercisable within 60 days | 426 | 75,738 |
| RSUs exercisable within 60 days | — | 32,282 |
| Ownership % of outstanding | Less than 1% | — |
- Outstanding equity awards at fiscal year-end 2024:
- Options: 11 options exercisable at CAD$426.00, expiring February 10, 2026; no RSUs listed for Munoz at year-end 2024 .
Employment Terms
| Term | Detail |
|---|---|
| Role start date | CFO since April 2023 |
| Contract term | Not disclosed for CFO in proxy materials reviewed |
| Severance (CFO) | Not disclosed in termination/severance table (table enumerates CEO and President terms) |
| Company-wide clawback | Equity awards subject to compensation clawback policy |
| Indemnification | Directors and officers indemnified to fullest extent permitted by Delaware law |
| Change-of-control (general definition) | Acquisition conferring ≥50% voting control in the company or material subsidiary qualifies as a change of control |
Reference terms disclosed for other NEOs (context only): CEO and President have 12 months’ severance on termination not for cause; 24 months upon termination not for cause within 12 months after a change of control; accelerated vesting applies per agreement terms .
Investment Implications
- Pay-for-performance alignment risk: The absence of formal bonus/LTI metrics and weights, and reliance on discretionary awards, weakens transparency and direct alignment to measurable performance outcomes .
- Near-term supply/vesting dynamics: As of September 5, 2025, Munoz has 75,738 options and 32,282 RSUs exercisable within 60 days, which can create episodic selling pressure around vest/exercise windows; monitor Form 4 activity for timing and magnitude .
- Alignment positives: Direct ownership and sizable equity awards, coupled with prohibitions on hedging and pledging, reduce misalignment and collateralization risk .
- Retention and transition risk: CFO-specific severance/change-of-control economics were not disclosed in the termination table, limiting visibility into retention levers relative to CEO/President terms .
- Governance oversight: Compensation Committee consists of Travis Goff (Chair) and Stuart Porter; clawback provisions exist on equity awards, mitigating extreme outcomes from restatements or misconduct .