Marilyn A. Alexander
GLOBE LIFEAbout Marilyn A. Alexander
Independent director of Globe Life Inc. since February 2013; age 73. Principal at Alexander & Friedman, with 35+ years in finance, marketing, and strategic planning at Disney and Marriott; Wharton MBA and CPA (Virginia). Serves on the Compensation Committee; the Board affirmed her independence on February 26, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Alexander & Friedman | Principal (consultancy) | 2003–present | Not disclosed |
| Disneyland Resort (The Walt Disney Company) | SVP & CFO | 2000–2003 | Not disclosed |
| Walt Disney World (The Walt Disney Company) | Multiple VP roles (Marketing, Brand, Finance) | 1992–2000 | Not disclosed |
| Marriott Corporation | VP, Financial Planning & Analysis | 1988–1992 | Not disclosed |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| McCarthy Holdings, Inc. (ESOP) | Director | 2020–present | Not disclosed |
| Chapman University | Board of Trustees | Not disclosed | Not disclosed |
| Brandman University | Former Board of Regents | Not disclosed | Not disclosed |
Board Governance
- Independence: The Board determined Marilyn A. Alexander is “independent” under NYSE and Board categorical standards (Feb 26, 2025) .
- Committee assignments and effectiveness: Member, Compensation Committee; the Committee met 5 times in 2024 and oversees executive pay, plans, and director compensation; chaired by Cheryl D. Alston .
- Attendance and engagement: In 2024 the Board held 4 physical meetings and acted by unanimous consent three times; all directors attended at least 75% of Board and relevant committee meetings and all were present at the April 25, 2024 Annual Meeting .
- Executive sessions: Regular executive sessions of independent directors presided over by the Lead Director (Linda L. Addison) .
- Governance features: Majority independent board (11 of 13), independent committees, proxy access, majority voting standard, clawback policy, prohibition on hedging/pledging .
Fixed Compensation
- Standard 2024 board fees: Annual retainer $280,000 (cash $100,000; equity $180,000; directors may elect stock options, restricted stock or RSUs for the equity portion). Additional cash fees: Lead Director $45,000; committee chairs (Audit $35,000; Compensation $25,000; Governance $20,000). No meeting fees; limited perquisites; reimbursement of travel .
| Item | Amount | Form |
|---|---|---|
| Annual retainer | $280,000 | $100,000 cash; $180,000 equity |
| Lead Director (not applicable to Alexander) | $45,000 cash | — |
| Committee chair fees (not applicable to Alexander) | $25,000 Compensation; $35,000 Audit; $20,000 Governance | Cash |
- Actual 2024 compensation for Marilyn A. Alexander:
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Total ($) |
|---|---|---|---|---|
| Marilyn A. Alexander | $100,000 | $0 | $180,023 | $280,023 |
Notes: Alexander elected stock options for her equity retainer in 2024; directors do not receive meeting fees. No one-time extra fees were paid to Alexander (a one-time cash supplement went to other directors for added 2024 work) .
Performance Compensation
Directors’ equity compensation (retainer) is not tied to performance metrics; equity is delivered as stock options, restricted stock, or RSUs per director election. Options are granted at market price under the 2018 Plan; awards are subject to minimum vesting requirements and the Company’s Clawback Policy; hedging/pledging by directors is prohibited .
| Equity Award Detail (2024) | Quantity | Terms |
|---|---|---|
| Stock options granted (Jan 2, 2024) | 5,182 options to Alexander | Exercise price $122.06; grant date fair value reflected in 2024 director comp table |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None |
| Former public company boards | Prior service at Equity Office Properties Trust, Tutor Perini Corporation, and DCT Industrial Trust, Inc. (historical; no 2020–2024 service) |
| Potential interlocks/conflicts | None disclosed in 2024; Related Party Transaction Policy review found no related party transactions for 2024 |
Expertise & Qualifications
- Education: A.B. Philosophy, Georgetown University; M.B.A., Wharton; CPA (Virginia) .
- Skills: Finance, marketing, strategic planning, insurance/financial services familiarity; skills matrix reflects strong accounting/financial, business operations, strategic planning, and marketing competencies .
Equity Ownership
| Holder | Beneficial Ownership (shares/options) | % Outstanding |
|---|---|---|
| Marilyn A. Alexander | 27,228 (includes 5,182 presently exercisable options) | <1% |
- Ownership alignment: Non-management director stock ownership guideline = 5x annual cash retainer; seven-year compliance window; as of Dec 31, 2024, all directors met guidelines or were within the accumulation period (individual compliance status not separately disclosed) .
- Hedging/pledging: Prohibited for directors under Insider Trading Policy .
- Pledging/loans/related party: No pledging or loans disclosed for Alexander; no related party transactions in 2024 .
Governance Assessment
- Board effectiveness: Alexander’s deep finance/marketing/strategy background supports Compensation Committee oversight; the committee uses an independent consultant (Pay Governance) and assessed consultant independence; strong governance practices (clawback, no repricing, no tax gross-ups, majority voting) bolster investor confidence .
- Independence and engagement: Confirmed independent; member of an all-independent Compensation Committee; Board and committee attendance thresholds met; presence at the 2024 Annual Meeting; regular independent executive sessions led by a seasoned Lead Director .
- Pay and alignment: Director pay emphasizes equity; Alexander elected options in 2024, increasing sensitivity to shareholder returns; director pay structure is market-based with no meeting fees and limited perquisites .
- Conflicts and red flags: No related-party transactions disclosed; hedging/pledging prohibited; no indications of low attendance or pay anomalies for Alexander. The Board’s retirement age policy (outside directors retire at the meeting following their 74th birthday or after 18 years) suggests ongoing refresh; the Board has added new independent directors since 2021, maintaining renewal momentum .
RED FLAGS: None identified for Alexander in 2024 disclosures (no related-party transactions; compliance frameworks in place; equity-aligned director pay; prohibited hedging/pledging) .