David Davidar
Director at GMED
Board
About David D. Davidar
David D. Davidar (age 59) is a continuing director of Globus Medical, serving since 2003; his current term expires in 2027, and he sits on the Compensation Committee and the Nominating & Corporate Governance Committee . He is a company founder and former Senior Vice President, Operations (Jan 2013–Mar 2016) and Vice President, Operations (2003–Jan 2013), bringing deep operational credentials . His education includes a B.Com. (University of Madras), a postgraduate diploma in personnel management (Madras School of Social Work), and an MBA (Bloomsburg University) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Globus Medical | Senior Vice President, Operations | Jan 2013–Mar 2016 | Founder/operator; contributed to company success and brings operational insight to the Board |
| Globus Medical | Vice President, Operations | 2003–Jan 2013 | Founder/operator; managerial skills and history familiarity |
| Highway Home (assisted living) | Executive Director | 1995–2003 | Operations leadership experience |
| Pizza Hut, Inc. | Management capacity | 1993–1995 | Consumer operations experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Trinity Axis Inc. | Founder, President & CEO | Current | Designs/integrates hardware, software, electronics (smart vending); no related-party dealings disclosed in returned documents |
Board Governance
- Committee assignments: Member, Compensation Committee and Nominating & Corporate Governance Committee .
- Independence: The Board determined he is independent for Compensation Committee service; the Nominating & Corporate Governance Committee lists Davidar among independent members .
- Committee activity/engagement: Audit Committee held 4 meetings in 2024 (Davidar is not a member); Compensation Committee held 1 meeting in 2024; Nominating & Corporate Governance Committee did not meet in 2024 and conducted business by written consent .
- Board processes: Annual Board and committee self-evaluations; periodic assessment of Board size/skills; no explicit diversity policy but diversity considered broadly in director mix .
- Hedging/pledging policy: Directors are prohibited from holding company stock in margin accounts, pledging company stock as collateral, or engaging in hedging/monetization transactions .
Fixed Compensation
| Component | Detail | Amount/Terms | Period |
|---|---|---|---|
| Annual cash retainer | Non-employee director | $70,000 | 2024 |
| Committee membership fees | Audit/Comp/Nominating | $10,000 per committee membership | 2024 |
| Chair fees | Audit Committee Chair | $30,000 (for Audit Chair only; Davidar is not Chair) | 2024 |
| Meeting fees | Board/committee | None disclosed | 2024 |
| Fees earned (Davidar) | Cash total | $90,000 | FY 2024 |
Performance Compensation
| Equity Award Parameter | Detail | Value/Terms | Date/Period |
|---|---|---|---|
| Option grant (annual) | Shares | 15,000 | Jan 2024 |
| Option grant (annual) | Exercise price | $53.75 per share | Jan 2024 |
| Vesting | Schedule | Vests in full at one-year anniversary | Jan 2024 grant; vested Jan 2025 |
| Grant-date fair value (Davidar) | Option Awards | $331,524 | FY 2024 |
| Performance metrics tied to director comp | Metrics | None disclosed for directors | FY 2024 |
Notes: Equity to directors is delivered via stock options under the 2021 Plan; Non-Employee Director awards may be governed by a formula-based policy set by the Administrator under the plan .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards (Davidar) | None disclosed in returned proxy content |
| Interlocks | Company discloses no compensation committee interlocks with other companies; Executive Chairman David C. Paul sits on the Compensation Committee (since 2007) alongside independent members . |
Expertise & Qualifications
- Founder/operator with long tenure, deep familiarity with Globus’s history and business, and valuable operational and managerial skills .
- Education spanning commerce, personnel management, and MBA training .
- Technology/operations exposure via Trinity Axis (smart vending hardware/software/electronics) .
Equity Ownership
| Ownership Item | Amount/Breakdown | As of | Notes |
|---|---|---|---|
| Class A shares beneficially owned (total) | 861,492; less than 1% of Class A | Mar 31, 2025 | Includes 465,012 jointly with spouse; 165,967 in Davidar Family Irrevocable Trust U/A 8/6/09; 3,000 beneficially owned by Berachah Foundation (voting power) |
| Class A shares outstanding (direct/indirect) | 685,242 | Mar 31, 2025 | Included within total beneficial ownership |
| Options exercisable within 60 days | 176,250 | Mar 31, 2025 | Included within total beneficial ownership |
| Total outstanding options held | 185,000 | Dec 31, 2024 | Per director outstanding equity awards table |
| Hedging/pledging status | Prohibited by policy for directors | Policy as of 2025 proxy | Insider trading policy prohibits margin, pledging, and hedging for directors |
Governance Assessment
- Independence and experience: Davidar is designated independent for committee service and contributes significant operational expertise as a founder and former senior operator, which can strengthen board effectiveness in strategy and execution oversight .
- Engagement signals: Compensation Committee met only once in 2024, and the Nominating & Corporate Governance Committee did not meet (acted by written consent), which may indicate light formal committee activity; Audit Committee held four meetings, reflecting more robust oversight cadence .
- Compensation alignment: Director equity is option-based (not RSUs), with annual grants that fully vest after one year; 2024 grant was 15,000 options at $53.75, and Davidar’s option award fair value was $331,524, with cash fees of $90,000, showing a mix tilted toward equity-at-risk via options .
- Ownership alignment: Davidar beneficially owns 861,492 Class A shares (including options exercisable within 60 days), less than 1%, with meaningful personal holdings and options exposure; company policy prohibits hedging/pledging, supporting alignment .
- Potential conflicts/RED FLAGS: The Executive Chairman (a non-independent executive) sits on the Compensation Committee, which is atypical and can be perceived as a governance risk; however, Davidar himself is designated independent, and the company discloses no interlocks with other companies’ compensation committees .
- Related-party oversight: Audit Committee explicitly reviews related-party transactions; no related-party transactions involving Davidar are disclosed in returned sections .
- Board processes: Annual self-evaluations and periodic skill mix assessments are in place, which supports governance quality, though lack of Nominating Committee meetings in 2024 is a soft engagement concern .