Robert D. Davis
About Robert D. Davis
Robert D. Davis is Executive Vice President, Global Supply Chain at Hillman Solutions Corp., serving in this role since February 2024; he is age 66 and an executive officer of the company . He joined Hillman in November 2021 and advanced through transportation, sourcing, and operations leadership before his EVP promotion . Company performance during 2024 (overlapping his tenure) included net income of $17.3 million, Adjusted EBITDA of $241.8 million, and company TSR value of $98.70 (vs. a peer index TSR of $187.80) in the pay-versus-performance disclosure . Operationally, Hillman’s organization delivered a 95% year-to-date fill rate by Q3 2024 while improving net debt to Adjusted EBITDA leverage to 2.8x, reflecting execution in supply chain and operations .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Hillman Solutions Corp. | Executive Vice President, Global Supply Chain | Since Feb 2024 | Senior leadership of enterprise-wide supply chain during a period of margin expansion and operational focus |
| Hillman Solutions Corp. | Vice President, Transportation & Indirect Sourcing; later VP Operations, Protective Solutions (with added global sourcing & packaging responsibilities) | Nov 2021–Feb 2024 | Built and led transportation and indirect sourcing, then division operations, supporting resiliency and supply continuity |
| The Home Depot (Crown Bolt) | Supply chain leadership; led all supply chain operations for Crown Bolt | 12 years (within 2005–2021) | Ran end-to-end supply chain operations for Crown Bolt for twelve years, underpinning deep big-box/retail logistics expertise |
| The Home Depot | Various supply chain leadership roles | 2005–2021 | Broad supply chain leadership across a major home improvement retailer |
External Roles
| Organization | Role | Years |
|---|---|---|
| None disclosed in Hillman filings reviewed | — | — |
Fixed Compensation
- Not disclosed for Mr. Davis in the 2025 proxy; the Summary Compensation Table covers the named executive officers (NEOs) and does not include Mr. Davis .
Performance Compensation
- Hillman’s 2024 bonus framework for NEOs (illustrative of the company’s pay-for-performance design) weighted Adjusted EBITDA at 70% and Adjusted Leverage Ratio at 30%; Mr. Davis’s individual plan metrics and payouts were not disclosed . In 2025, Hillman shifted NEO long-term equity mix to 50% PSUs and 50% RSUs, using ROIC as the PSU metric; this demonstrates emphasis on capital discipline, though individual grants to Mr. Davis were not disclosed .
| Metric (FY 2024) | Weight (%) | Threshold | Target | Maximum | Deemed Achievement | Payout Factor (%) |
|---|---|---|---|---|---|---|
| Adjusted EBITDA | 70% | $219.4 million | $235.0 million | $260.0 million | $248.0 million (after adjustments) | 152.0% |
| Adjusted Leverage Ratio | 30% | 3.3x | 2.9x | 2.5x | 2.6x (after adjustments) | 179.5% |
Notes:
- Adjustments excluded the True Value bankruptcy impact and Intex DIY acquisition; net effect increased Adjusted EBITDA by $6.2 million and reduced Adjusted Leverage Ratio by 0.2 .
- Company results drove bonus payouts averaging roughly 160% of target for NEOs in 2024 .
Equity Ownership & Alignment
- Insider Trading Policy prohibits directors and executive officers from hedging or pledging Hillman securities and from short sales—reducing misalignment and overhang risk .
- Stock ownership guidelines: executive officers must hold Hillman stock at defined multiples; “Other Executive Officers” (category applicable to executives other than CEO/Executive Chairman/CFO/COO/Divisional Presidents) have a 1x base salary guideline, to be achieved within five years of designation (or five years from July 14, 2021, whichever is later) . Compliance status for Mr. Davis is not disclosed.
Employment Terms
- Clawback: Hillman has a Compensation Recovery Policy (clawback) providing recovery of certain executive compensation in the event of an accounting restatement due to material noncompliance with financial reporting requirements .
- Equity grant timing controls: an Equity Grant Policy sets predetermined quarterly grant dates within open trading windows to prevent spring-loading; grants to executive officers follow this process .
- Change-in-control treatment: awards under the 2021 Equity Incentive Plan do not have mandatory accelerated vesting; the Compensation Committee may accelerate vesting at its discretion. Pre-2021 performance-based options vest only if the change-in-control triggers performance thresholds; time-based awards granted before public listing have generally already vested by now .
- Executive Severance Plan: applies to named executive officers (other than specified exceptions); benefits vary and include salary continuation, pro-rated performance bonuses, and COBRA premium payments with enhanced terms for terminations within 24 months post-change-in-control. Participation or individualized severance terms for Mr. Davis are not disclosed .
Company Performance Context (2024)
| Metric | FY 2024 |
|---|---|
| Net Income ($USD thousands) | 17,255 |
| Adjusted EBITDA ($USD thousands) | 241,753 |
| TSR – Value of $100 Investment | $98.70 |
| Peer Group TSR – Value of $100 Investment | $187.80 |
| YTD Fill Rate (Q3 2024) | 95% |
| Net Debt / TTM Adjusted EBITDA (Q3 2024) | 2.8x |
Investment Implications
- Alignment: Prohibitions on hedging/pledging and stock ownership guidelines for executive officers promote shareholder alignment; ROIC-based PSUs for NEOs further emphasize value creation and capital efficiency .
- Retention: Mr. Davis’s appointment and progression indicate internal bench strength in operations; however, his personal compensation, severance, and vesting schedules are not disclosed, limiting visibility into retention levers or near-term selling pressure. Monitoring future proxies/8-Ks for any compensatory arrangements will be important .
- Execution: Company-level operational indicators (95% fill rate, improving leverage, margin expansion) during his tenure support the supply chain narrative; continued delivery here is key for sustained EBITDA growth and deleveraging .