Alan Wix
About Alan T.G. Wix
Alan T.G. Wix, age 83, has served on The Hackett Group’s Board since 1999 and is an independent director based in the United Kingdom, bringing deep IT operations and purchaser-side consulting experience from his tenure at Lloyds TSB and leadership roles at Farsight PLC and Fiva Marketing Ltd . He currently chairs the Nominating and Corporate Governance Committee and serves on the Audit and Compensation Committees, contributing governance oversight, director selection, and risk management support .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lloyds TSB | Managing Director, Core IT Development | Jan 1993 – Aug 1998 | Led core IT development; extensive experience as a purchaser of technology and consulting services; UK/European market expertise . |
| Lloyds TSB | Head of Development | Apr 1990 – Jan 1993 | Operational leadership in information systems; buyer perspective on consulting . |
| Farsight PLC | Chairman | Apr 1999 – Jun 2005 | Board leadership; technology/operations oversight . |
| Farsight PLC | Chief Executive Officer | Apr 1999 – Jun 2002 | CEO experience; strategic execution . |
| Fiva Marketing Ltd | Chairman | Apr 2003 – Dec 2008 | Commercial leadership . |
External Roles
No current public company directorships disclosed for Wix in the past five years; the proxy’s director biographies list prior roles (Farsight PLC, Fiva Marketing Ltd, Lloyds TSB) outside the last five-year window .
Board Governance
| Attribute | Details |
|---|---|
| Independence | Independent director (Board has 5 of 7 independent members) . |
| Committees | Audit (member) ; Compensation (member) ; Nominating & Corporate Governance (Chair) . |
| Meeting cadence (FY2024) | Board: 6; Audit: 5; Compensation: 6; Nominating & Corporate Governance: 5 . |
| Attendance | No director attended fewer than 75% of Board/committee meetings; all directors attended 2024 annual meeting via video; expected in-person attendance in 2025 (option for video) . |
| Board leadership | Combined Chair/CEO role; Board has not appointed a lead independent director; committees are chaired by independent directors . |
| Risk oversight | Audit: financial reporting, internal controls, related-party transactions, cybersecurity ; Compensation: pay program risk ; Nominating & Governance: director nominations, governance guidelines, ESG oversight . |
Fixed Compensation
| Year | Cash Retainer ($) | Equity (RSU) Grant Value ($) | Total ($) | Vesting/Terms |
|---|---|---|---|---|
| 2024 (actual) | 40,000 | 72,000 | 112,000 | RSUs vest in full at 1-year and also upon involuntary termination, including change of control . |
| 2025 (program) | 40,000 | 108,000 | N/A | 67% vests at 1-year; 33% vests one-third annually over three years; vesting also upon involuntary termination, including change of control . |
Notes:
- Outside directors may elect to defer receipt of vested shares for 3 or 5 years or until death, disability, or termination of service .
Performance Compensation
Directors do not have performance-conditional pay metrics (no bonus plans or option awards); equity is time-based RSUs. Wix’s FY2025 RSU grants under the Outside Director Compensation Plan:
| Grant Date | Instrument | Shares (#) | Vesting |
|---|---|---|---|
| Feb 14, 2025 | RSU | 2,294 | Vests in full on first anniversary . |
| Feb 14, 2025 | RSU | 1,147 | Vests one-third on each of first three anniversaries . |
All grants also vest upon involuntary termination of service, including change of control .
Other Directorships & Interlocks
| Item | Status |
|---|---|
| Compensation Committee Interlocks | None; no member is/was a Company officer, and no reciprocal executive-compensation committee relationships involving directors or their family members were disclosed . |
Expertise & Qualifications
- Senior IT operations leadership at Lloyds TSB; extensive purchaser perspective on technology/consulting services; UK/European market insight .
- Governance leadership as Chair of Nominating & Corporate Governance Committee with responsibility for director qualifications, nominations, governance guidelines, and ESG oversight .
- Audit Committee membership; Audit Committee financial expert designations apply to Hamlin, Rivero, and Bofill (Wix is not designated as an audit committee financial expert) .
Equity Ownership
| Holder | Shares Beneficially Owned (#) | Percent of Class (%) | Unvested RSUs Excluded (#) |
|---|---|---|---|
| Alan T.G. Wix | 6,559 | <1% | 3,441 (Director program; would vest upon termination of service on the Board) . |
Policy controls: hedging is prohibited; pledging requires prior Audit Committee approval. No pledging by Wix is disclosed in the proxy .
Insider Trades and Company Transactions Involving Wix
| Date | Type | Shares (#) | Price ($/share) | Notes |
|---|---|---|---|---|
| Feb 23, 2024 | Company repurchase from Wix | 3,282 | 24.34 | Under outside director repurchase program approved by the Audit Committee; executed as part of the Company’s share repurchase program . |
| Feb 19, 2025 | Company repurchase from Wix | 3,077 | 30.78 | Under outside director repurchase program approved by the Audit Committee; executed as part of the Company’s share repurchase program . |
Governance Assessment
- Board composition and independence: Wix is one of five independent directors; committees are entirely independent and include Wix’s chair role on Nominating & Governance, supporting robust governance processes .
- Leadership and oversight risk: Combined Chair/CEO and no lead independent director present a governance risk; mitigation includes independent committee leadership and executive sessions by independent directors .
- Attendance and engagement: All directors met the ≥75% attendance threshold; Board and committee meeting activity suggests active oversight (Board 6; Audit 5; Compensation 6; Nominating & Governance 5 in FY2024) .
- Pay alignment signals: Director pay is modest and equity-heavy with time-based RSUs; executive “Say on Pay” received ~99% support in 2024, indicating strong investor confidence in compensation governance (context for board oversight culture) .
- Clawback & insider controls: Company adopted a compliant compensation recoupment policy in 2024; hedging prohibited and pledging restricted—strong alignment and risk controls .
- Related-party safeguards: Director share repurchases (including Wix) conducted under a formal program vetted by the Audit Committee and executed within the Company’s broader repurchase plan—transparent oversight reduces conflict risk .
RED FLAGS to monitor:
• Combined Chair/CEO and no lead independent director (structural governance risk) .
• Very long director tenure (since 1999) may raise board refresh and independence perceptions among some investors, balanced by committee leadership and continued independence designations .
• Director share repurchases are related-person transactions; while approved by the Audit Committee, continued transparency and adherence to policy are important for investor confidence .