Allen Gottlieb
About Allen Gottlieb
Allen Gottlieb, age 84, has served on IEH Corporation’s Board since 1992 and is currently a Class II Director whose term was scheduled to expire at the 2025 Annual Meeting. He holds a BS from NYU in Accounting and Finance, and an LL.B. and JD from Brooklyn Law School, and operates his own firm specializing in Labor Relations and Human Resources consulting with broad entrepreneurial experience across manufacturing, distribution, logistics, and hospitality. The company cites his extensive knowledge of IEH and broad business background as qualifications for board service .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allen Gottlieb’s Firm (labor relations & HR consulting) | Owner/Principal | Not disclosed | Specializes in labor relations and HR; entrepreneurial experience across manufacturing, distribution, logistics, hospitality |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Not disclosed in IEH proxy | — | — | No other public company directorships disclosed for Mr. Gottlieb |
Board Governance
- Independence: The Board determined that Allen Gottlieb is independent under Nasdaq Stock Market Rule 4200(a)(15) (IEH is not listed on Nasdaq) .
- Board/Committee structure: IEH has seven directors in two staggered classes; both Class I and Class II were up for election in 2025 due to no annual meeting since 2020 .
- Committee memberships: Compensation Committee member (chair: Gerald E. Chafetz; members: Gottlieb, Michael E. Rosenfeld) . Not an Audit Committee member (Audit Committee members: Eric C. Hugel, chair; John P. Spiezio; Brian J. Glenn) .
- Attendance and engagement:
- Board held six meetings by telephone; five were joint Board/Audit Committee meetings with one director absent at each; at the Board-only meeting, all directors were present .
- Compensation Committee held three meetings, and all Compensation Committee members were present; the committee also acted once by unanimous written consent .
Fixed Compensation
IEH’s non-executive director compensation framework and Mr. Gottlieb’s FY2025 actuals:
| Component | Amount | Period/Notes |
|---|---|---|
| Annual director fee (cash) | $12,500 | Payable quarterly; effective after March 31, 2023 |
| Committee membership fee (per committee) | $5,000 | Annual; payable quarterly |
| Committee chair fee (incremental) | $2,500 | Annual; payable quarterly |
| FY2025 cash fees actually paid to Allen Gottlieb | $15,000 | Non-Employee Director Compensation table |
| Typical annual total for committee member (non-chair) | $17,500 | Policy summary as of July 31, 2025 |
| Typical annual total for committee chair | $20,000 | Policy summary as of July 31, 2025 |
Performance Compensation
Non-employee director equity awards outstanding for Allen Gottlieb (as of July 31, 2025):
| Award Type | Number of Options | Exercise Price | Expiration | Vesting Status |
|---|---|---|---|---|
| Stock Options | 5,000 | $6.01 | 5/8/2033 | Exercisable |
| Stock Options | 5,000 | $8.28 | 5/8/2035 | Exercisable |
No FY2025 option grants were reported for Mr. Gottlieb; his FY2025 Non-Employee Director Compensation shows no option awards .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Notes |
|---|---|---|---|
| None disclosed | — | — | The proxy does not disclose other public company boards or interlocks for Mr. Gottlieb . |
Expertise & Qualifications
- Education: BS (NYU, Accounting & Finance); LL.B. and JD (Brooklyn Law School) .
- Professional expertise: Labor relations and HR consulting; entrepreneurial experience in manufacturing, distribution, logistics, and hospitality across domestic and international markets .
- Board tenure: Director since 1992 (Class II) .
Equity Ownership
Beneficial ownership and alignment indicators for Allen Gottlieb:
| Metric | Value | Notes |
|---|---|---|
| Beneficial ownership (shares) | 10,000 | Less than 1% of 2,431,278 shares outstanding as of 7/31/2025 |
| Ownership % | <1% | Denoted by asterisk in ownership table |
| Vested options held | 10,000 | Footnote indicates vested options to purchase 10,000 shares ; option details above |
| Shares outstanding (reference) | 2,431,278 | Record date/ownership base |
| Hedging/pledging policy | Prohibited | Insider trading policy prohibits hedging or pledging transactions by covered persons |
Governance Assessment
- Independence and committee service: Mr. Gottlieb is independent and serves on the Compensation Committee, with full attendance reported for FY2025 Compensation Committee meetings—supportive of engagement and governance diligence in pay oversight .
- Pay structure and alignment: IEH’s director pay is modest (policy: $12.5k cash retainer plus committee fees; Mr. Gottlieb received $15k cash in FY2025) with relatively small option holdings (10,000 options exercisable); equity-based alignment exists but is limited in scale .
- Ownership and conduct: Beneficial ownership is below 1%; insider trading policy forbids hedging and pledging, reducing alignment risks from collateralization or hedging .
- Potential conflicts: The proxy states no material related party transactions involving directors or >5% holders beyond disclosures, and lists Mr. Gottlieb as independent—no related-party exposure identified .
- Process integrity risk indicator: IEH did not hold an annual meeting between 2020 and 2025, necessitating the election of both director classes in 2025, which is a governance-process concern for cadence and shareholder franchise continuity .
RED FLAGS
- No annual meetings held from 2020 until 2025, requiring concurrent elections for both classes (process cadence risk) .
- Long tenure (since 1992) at advanced age (84) may prompt succession and refresh considerations; the company nonetheless affirms independence .