Sign in

You're signed outSign in or to get full access.

Richard Busch

Director at GRYP
Board

About Richard Busch

GRYP’s current SEC filings do not list Richard Busch as a director. As of March 31, 2025, the board comprised Jimmy Vaiopoulos (Chair), Brittany Kaiser, Jessica Billingsley, Heather Cox, Dan Tolhurst, Dan Grigorin, Robby Chang, and CEO Steve Gutterman; Richard Busch is not included, so age, tenure, education, and credentials for him are not disclosed in GRYP documents . The board identified Kaiser, Billingsley, Cox, and Vaiopoulos as independent directors .

Board Governance

  • Board structure: Historically a classified board (three classes). The board has proposed declassification to move to annual elections beginning at the 2025 Annual Meeting, subject to shareholder approval; directors elected after declassification may be removed with or without cause (66⅔% vote) .

  • Committee composition and independence:

    CommitteeChairMembersIndependence
    AuditJimmy Vaiopoulos Brittany Kaiser; Jessica Billingsley All members independent under Nasdaq and Rule 10A‑3
    CompensationJessica Billingsley Heather Cox; Brittany Kaiser All members independent
    Nominating & Corporate GovernanceBrittany Kaiser Heather Cox; Jessica Billingsley All members independent

  • Governance and listing risk: GRYP disclosed non‑compliance with Nasdaq’s $1.00 bid price and $35M MVLS, received a delisting determination in March 2025, and intends to seek a hearing to present a compliance plan . The board also advanced proposals for a reverse split (1:2 to 1:40) to address listing requirements and marketability .

Fixed Compensation

  • Director pay levels, fees, meeting fees, and retainers for non‑employee directors are not disclosed in the special proxy or 10‑K. The 2024 Omnibus Incentive Plan caps non‑employee director total annual compensation (cash plus equity grants by grant‑date fair value) at $1,000,000 .

Performance Compensation

  • Performance metrics for directors (e.g., TSR, revenue growth) are not disclosed for GRYP’s board in current filings. The 2024 Omnibus Incentive Plan permits performance‑based grants generally, but no director‑specific performance programs are detailed .

Other Directorships & Interlocks

  • No GRYP filing discloses Richard Busch as a GRYP director or any GRYP‑reported external board roles for him. Current GRYP directors’ bios are disclosed (see Item 10 of the 10‑K), but Richard Busch does not appear in director listings .

Expertise & Qualifications

  • Because Richard Busch is not listed as a GRYP director in filings, GRYP does not disclose his qualifications or committee role. Board biographies and financial expert designation apply to existing listed directors (e.g., Vaiopoulos as audit committee financial expert) .

Equity Ownership

  • Director- and insider-level beneficial ownership is disclosed for listed directors; Richard Busch does not appear. Selected ownership figures:

    HolderShares Beneficially Owned% Ownership
    All directors & officers as a group (10 persons)10,368,63715.0%
    Anchorage Lending CA, LLC (subject to 19.99% limit unless shareholder approval)13,869,20019.9%
    If 19.99% cap were not in effect, Anchorage would be deemed to own17,757,57625.6% (8,287,984 shares + 5,530,198 warrant shares + 3,939,394 conversion shares)

Governance Assessment

  • No evidence in GRYP filings that Richard Busch serves as an independent director at GRYP. Analysts should treat any attribution of GRYP board service to him as unverified unless supported by subsequent SEC filings listing him on the board .
  • Board effectiveness signals:
    • Positive: Proposed declassification enhances accountability via annual elections ; committees are fully independent and chaired by independent directors .
    • Cautionary: Nasdaq listing deficiencies and reliance on reverse split to regain compliance ; large authorized share increase (to 500,000,000 common shares) may be dilutive and can have anti‑takeover effects if used, though management states no immediate plans beyond described use cases .
    • Related-party/financing exposure: Anchorage debt restructuring and warrants create potential ownership concentration risk near 20% and significant dilution upon shareholder approval; analysts should monitor Issuance Proposal outcomes and conversion/exercise activity .
  • Conclusion: As Richard Busch is not listed as a GRYP director, no governance, compensation, or ownership data is available for him in GRYP filings. Focus diligence on verified GRYP directors and on the declassification, capital structure changes, and Nasdaq compliance plan that materially affect investor confidence .