Al Trujillo
Director at HVT
Board
About Al Trujillo
Independent director of Haverty Furniture Companies, Inc. since 2003; age 65. President and Chief Operating Officer of the Georgia Tech Foundation since 2013; previously Investment Funds Advisor (2007–2013) and President/CEO of Recall Corporation (2002–2007). Former public company director at SCANA Corporation until its acquisition by Dominion Energy in 2018. Current affiliation: Board of Trustees, Marist School. Independent under NYSE standards; designated “audit committee financial expert.” Attendance in 2024 met at least the board’s minimum (≥83%) across board/committees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Recall Corporation | President & Chief Executive Officer | 2002–2007 | Led global information management company |
| Georgia Tech Foundation | Investment Funds Advisor | 2007–2013 | Oversaw investment activities |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Georgia Tech Foundation | President & Chief Operating Officer | 2013–Present | Senior leadership of endowment and operations |
| SCANA Corporation | Director (public company; prior) | Until 2018 acquisition | Board service until acquisition by Dominion Energy |
| Marist School | Board of Trustees | Current | Trustee duties |
Board Governance
- Independence: The board affirmed Trujillo’s independence; no material relationships with the company .
- Financial expertise: Audit Committee members, including Trujillo (Chair), are designated “audit committee financial experts” .
- Committee assignments (current):
- Audit Committee (Chair); met 4 times in 2024; oversight of financial reporting, internal controls, risk and cybersecurity .
- Nominating, Compensation & Governance (NCG) Committee (Member); met 2 times; oversees executive/director pay, governance, ESG, and related-party reviews .
- Executive Committee (Independent Member); met 1 time; interim approvals of transactions/financings .
- Attendance: Each director attended at least 83% of board/committee meetings in 2024; independent directors meet in executive session each meeting .
- Hedging/pledging: Prohibited; no outstanding pledges/margin accounts among directors/officers .
- Related-party transactions: None required approval or disclosure in 2024 (policy administered by NCG) .
Fixed Compensation
| Component (2024 Board Year) | Al Trujillo – Amount | Notes |
|---|---|---|
| Cash fees | $76,667 | Reflects role-based and timing adjustments during the board year |
| Equity retainer (fully vested common stock) | $95,000 | Annual grant on May 6, 2024 at $29.48 closing price |
| Total | $171,667 | Cash + equity |
Program structure (effective May 6, 2024): Cash retainer $60,000; equity retainer $95,000; supplemental fees—Lead Director $25,000, Audit Chair $20,000, NCG Chair $15,000, Audit Committee Member $10,000, NCG Member $5,000 (paid first day of board year) .
Performance Compensation
| Metric | Applies to Director Compensation? | Details |
|---|---|---|
| Performance-based equity (e.g., PRSUs, EPS/EBITDA/TSR targets) | No | Non-employee director equity awards are fully vested grants; no performance metrics |
Executive pay at Havertys uses EBITDA/Net Sales in PRSUs and MIP pre-tax earnings metrics; this does not apply to directors .
Other Directorships & Interlocks
| Company | Current/Prior | Role | Interlock/Conflict Notes |
|---|---|---|---|
| SCANA Corporation | Prior | Director | Company acquired in 2018; no current interlocks disclosed |
| Havertys NCG Committee | Current | Member | Committee interlocks: none; all members independent; no reciprocal board roles with executives |
Expertise & Qualifications
- Financial, audit, and risk oversight expertise; designated audit committee financial expert .
- Senior leadership experience in endowment/investment management (Georgia Tech Foundation) and operations/strategy (Recall CEO) .
- ESG and governance involvement via NCG Committee oversight .
Equity Ownership
| Security | Beneficial Ownership | Percent of Class | Notes |
|---|---|---|---|
| Common Stock | 72,518 shares | <1% | Includes 58,054 shares in Directors’ Deferred Plan |
| Class A Common Stock | — | — | No Class A listed |
- Director stock ownership guidelines: 5× cash retainer in shares; directors prohibited from selling until guideline met; all non-employee directors meet or are on track .
- Hedging/pledging prohibited; no pledges or margin accounts outstanding for directors/officers .
Governance Assessment
- Strengths: Long-tenured independent director with audit chair leadership and financial expert designation; robust committee oversight of risk (including cybersecurity), financial controls, compensation, and ESG; strong independence posture (hedging/pledging ban; no related-party transactions) .
- Alignment: Meaningful share ownership, including deferred plan holdings; equity retainer enhances alignment with shareholders; director ownership guidelines enforced .
- Engagement: Attendance thresholds met; independent executive sessions each board meeting; structured lead director role supports board independence .
- Shareholder sentiment: Recent say-on-pay support ~98%, indicating broad confidence in compensation governance (context for overall board oversight quality) .
- Potential red flags: None disclosed specific to Trujillo—no related-party exposure, pledging, tax gross-ups, or interlocks; note dual-class structure as a broader governance consideration but not a Trujillo-specific conflict .