Doug Britt
About Doug Britt
Doug Britt, age 60, is an independent director of Helios Technologies (HLIO) serving since December 2016. He is President & CEO of Boyd Corporation since May 2020, with prior senior leadership roles at Flex (NASDAQ: FLEX), Future Electronics, Silicon Graphics, and Solectron; he holds a Bachelor’s in business administration from California State University, Chico, and completed executive education programs in Europe, including at the University of London . He is designated by the Board as an Audit Committee Financial Expert and serves as Audit Committee Chair .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Boyd Corporation | President & CEO | Since May 2020 | Leads multinational engineered materials and thermal solutions; global operations |
| Flex (Integrated Solutions) | President | Prior to May 2020 | Led a $19B business across >30 countries; design/engineering/manufacturing/supply chain |
| Future Electronics | Corporate VP & Managing Director, Americas | May 2009–Nov 2012 | Regional leadership across sales/ops |
| Silicon Graphics | SVP, Worldwide Sales, Marketing & Operations | Nov 2007–May 2009 | Global commercial leadership |
| Solectron | Roles of increasing responsibility culminating as EVP | Jan 2000–Oct 2007 | Led customer segments incl. sales/marketing/account/program management |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| Boyd Corporation | President & CEO | Not disclosed | Executive role; no public company directorships disclosed in proxy biography |
Board Governance
- Independence: The Board determined in March 2025 that Britt qualifies as an independent director under NYSE and SEC rules .
- Committees: Audit Committee Chair; Nominating Committee member .
- Expertise: Designated Audit Committee Financial Expert by the Board .
- Attendance: Board held 4 regular and 12 special meetings in 2024; all independent directors were present at each meeting, and each director attended all committee meetings for committees on which they served .
- Audit activity: Audit Committee held 8 meetings in 2024; oversees auditor selection/fees, ICFR, fraud oversight, related-party review .
Fixed Compensation
| Component | Amount | Frequency/Detail |
|---|---|---|
| Cash retainer | $22,187.50 per quarter | Paid following each quarterly Board meeting |
| Annual cash compensation | $88,750 | Sum of quarterly retainers |
| RSU grant (director service) | $38,750 target per quarter | Time-based RSUs; vests one year from grant |
| Annual equity compensation | $155,000 | Sum of quarterly director RSUs |
| Additional RSU for Audit Chair | $5,000 target per quarter | Committee chair equity premium |
2024 Director Compensation (reported):
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Douglas Britt | 88,750 | 173,800 | 262,550 |
Performance Compensation
| Award Type | Grant Dates | Vesting | Performance Metrics |
|---|---|---|---|
| Director RSUs | Mar 7, 2024; Jun 7, 2024; Oct 4, 2024; Dec 5, 2024 | Vests one year from grant date | None disclosed for directors; director equity is time-based RSUs |
As of Dec 28, 2024, Britt had 3,662 unvested RSUs . No option awards or performance-conditioned director equity are disclosed .
Other Directorships & Interlocks
- The proxy biography does not list any current public company directorships for Britt; no interlocks are disclosed .
Expertise & Qualifications
- Audit Committee Financial Expert; financially literate per Rule 10A-3 .
- Global M&A, manufacturing operations, and supply chain leadership across multinational enterprises .
- Board risk oversight is channeled through ESG Committee; Britt participates via committee service and Audit leadership .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Doug Britt | 25,338 | <1% | Includes directly/indirectly owned; see SEC Forms |
- Director RSUs unvested: 3,662 as of 12/28/2024 .
- Ownership guidelines (directors): Non-management directors should own and hold shares equal to 2x the number of shares awarded annually as directors’ fees .
- Hedging/Pledging: Company policy prohibits hedging or pledging of equity holdings by executives and directors .
- Section 16(a): Directors/officers were in compliance in 2024 except for late Form 4s by three named individuals; no exception noted for Britt .
Governance Assessment
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Strengths and confidence signals:
- Independent director with long tenure (since Dec 2016) and deep operating experience; Audit Chair and designated financial expert, aligning with robust financial oversight .
- Perfect attendance reported at Board and committee meetings in 2024; high engagement .
- Director pay mix emphasizes equity via quarterly RSUs with one-year vesting; incremental equity for Audit Chair role supports accountability; anti-hedging/pledging policy enhances alignment .
- No related-party transactions reported for directors in 2024; Audit Committee reviews/approves any potential affiliated-party transactions .
-
Watch items:
- 2024 Say-on-Pay advisory vote showed material opposition (For: 18,241,497; Against: 10,559,159; Abstain: 338,151; Broker non-votes: 910,002), indicating investor scrutiny of compensation practices broadly; while not director-specific, it’s a signal for governance engagement .
- Ownership guideline compliance for directors is stated, but individual compliance status for Britt is not disclosed; beneficial ownership remains <1%—monitor ongoing accumulation via RSU vesting and any open-market activity .
Overall, Britt’s role as Audit Chair and financial expert, coupled with full attendance and equity-based director compensation, supports board effectiveness and investor confidence. No conflicts or related-party exposures are disclosed for Britt .