Bradford Towne
About Bradford Towne
Bradford Towne, age 48, is SeaStar Medical Holding Corporation’s Controller and Principal Accounting Officer. He has served as Controller since February 2024 and was appointed Principal Accounting Officer on August 19, 2025; he is a CPA with a BS from the University of Arizona and previously spent 10 years in KPMG’s audit practice . As of November 13, 2025, he signs SEC filings as Controller and Principal Accounting Officer . Company- or executive-specific TSR, revenue growth, and EBITDA growth performance metrics tied to Towne are not disclosed.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| SeaStar Medical Holding Corporation | Controller | Feb 2024–present | Led corporate accounting; appointed Principal Accounting Officer Aug 2025 |
| SeaStar Medical Holding Corporation | Principal Accounting Officer (in addition to Controller) | Aug 2025–present | Oversight of financial reporting and internal controls |
| Self-employed | Consulting and accounting services | May 2023–Feb 2024 | Provided accounting advisory services |
| JAL Equity | Chief Accounting Officer | Aug 2022–May 2023 | Oversaw accounting across marketing/printing/signage/e-commerce portfolio |
| Aytu BioPharma, Inc. (Nasdaq) | Corporate Controller | Jun 2019–Feb 2022 | Led public company controllership |
| Gevo, Inc. (Nasdaq) | Chief Accounting Officer | Jan 2018–Jun 2019 | Led accounting for renewable fuels company |
| KPMG LLP | Audit practice | ~10 years | Assurance experience; public company audits |
External Roles
No public company directorships or external board roles disclosed.
Fixed Compensation
- Executive-specific base salary, target bonus %, and actual bonus for Bradford Towne are not disclosed in proxy or 8-K filings. The Board restored CEO/CMO and certain management salaries effective October 1, 2025, after prior reductions, but individuals and amounts are not itemized (Towne not specifically named) .
Performance Compensation
- No disclosure of Towne-specific incentive metrics, weightings, targets, or payouts. SeaStar uses discretionary bonuses and equity under its 2022 Omnibus Incentive Plan; the plan permits performance-based awards across financial, operational, regulatory, and ESG criteria, but executive-specific weights/targets are not provided .
- Clawback policy adopted December 1, 2023 (SEC/Nasdaq-compliant) for recovery of incentive-based compensation upon restatement; no recovery required for 2021–2023 due to lack of incentive awards based on financial reporting measures .
Equity Ownership & Alignment
| Metric | Snapshot Date | Value | Notes |
|---|---|---|---|
| Shares beneficially owned | Oct 27, 2025 | 3,667 | Includes 333 RSUs vesting within 60 days of Nov 3, 2025 |
| Shares outstanding (denominator) | Oct 27, 2025 | 34,825,417 | Company count used for % calculation |
| Ownership % of outstanding | Oct 27, 2025 | ~0.0105% | Calculated from 3,667/34,825,417 |
| RSUs vesting within 60 days | Nov 3, 2025 reference | 333 | Near-term vesting indicator |
| Options – exercisable | Oct/Nov 2025 | Not disclosed | No option detail for Towne in filings |
| Options – unexercisable | Oct/Nov 2025 | Not disclosed | No option detail for Towne in filings |
| Shares pledged as collateral | Oct/Nov 2025 | Not disclosed | No pledging disclosure for Towne |
- Anti-hedging: Insider Trading Policy prohibits employees/directors from hedging SeaStar equity (options, swaps, collars, etc.) .
- Ownership guidelines: No executive stock ownership guideline disclosures identified for Towne.
- Plan mechanics: Equity awards governed by the 2022 Omnibus Incentive Plan; change-in-control provisions allow assumption/acceleration per award terms at the plan administrator’s discretion .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Employment start (Controller) | February 2024 | |
| Appointment as Principal Accounting Officer | August 19, 2025 | |
| Contract term/expiration | Not disclosed | |
| Severance | Not disclosed (CFO severance terms disclosed separately; not applicable to Towne) | |
| Change-of-control economics | Not disclosed for Towne; plan-level CIC treatment exists for equity | |
| Non-compete / Non-solicit | Not disclosed | |
| Clawback | SEC/Nasdaq-compliant compensation recovery policy applies company-wide | |
| Garden leave / Post-termination consulting | Not disclosed |
Investment Implications
- Alignment and selling pressure: Towne’s ownership is small (~0.01% of outstanding), but 333 RSUs vesting within 60 days of November 3, 2025 represent near-term incremental tradable shares; selling behavior not disclosed .
- Retention/transition: Appointment as Principal Accounting Officer in August 2025 amid CFO turnover suggests expanded responsibility for reporting controls; compensation components for Towne are not disclosed, limiting assessment of pay-for-performance and retention incentives .
- Governance/risk: Anti-hedging policy reduces misalignment; no pledging disclosure identified. Clawback policy is in place; absence of Towne-specific severance/CIC terms reduces visibility into exit economics .
- Overall signal: Limited disclosed equity and incentives constrain forecastable trading signals or pay-for-performance conclusions; watch for additional Form 4 filings and future proxy detail to assess evolving incentive mix and vesting cadence.