Laura Maydón
About Laura Maydón
Independent director since 2020; age 51; founder/partner at Ascendo (venture capital), with prior leadership in fintech and scale-up acceleration. Education: MBA, Harvard Business School; B.S. Economics, Instituto Tecnológico Autónomo de México (ITAM) . Tenure on IMXI’s classified board: Class I director nominated for re-election at the 2025 annual meeting (term would run to 2028) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Endeavor Miami | Founding Managing Director & CEO; later Board Member | 2013–2019 (CEO); 2019–2020 (board) | Built and led scale-up accelerator in South Florida |
| Visa (LATAM & Caribbean) | Senior Business Leader, Commercial Solutions; Business Development Leader | 2003–2013 (BD 2004–2010; SBL 2010–2013) | Payments/fintech leadership across the region |
| Natural Fiber Welding | Independent Director | 2021–2023 | Board oversight at materials technology firm |
| Ascendo | Founder & Partner | Current | VC investing in underrepresented founders in Fintech, Edtech, FoW, Enterprise Software |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Salkantay Ventures | Investment Committee Member | Current | Fund governance/selection |
| Various tech companies (private) | Board Member | Prior (unspecified) | Prior board experience |
Board Governance
- Board structure: Classified board; eight directors across three classes; Ms. Maydón is Class I, nominated in 2025 for term to 2028 .
- Independence: Board determined Ms. Maydón is independent under Nasdaq rules .
- Committee roles: Member, Compensation Committee; Chair, Nominating & Corporate Governance Committee .
- Attendance: 2024 Board held 10 meetings; directors attended 98% of aggregate Board/committee meetings; all directors attended the 2024 annual meeting .
- Lead Independent Director: Michael Purcell; duties include presiding over executive sessions, agenda review, and evaluation oversight .
- Strategic Alternatives Committee (2024): Formed to assess strategic options; members were Godfrey, Bradford, Purcell (chair) .
Fixed Compensation
| Component (FY 2024) | Amount |
|---|---|
| Fees earned/paid in cash | $80,500 |
| Stock awards (grant-date fair value) | $158,000 |
| Total | $238,500 |
Director program design (2024): Independent directors received annual cash retainer ($60k pre-7/26/24; $65k post-7/26/24) plus annual equity ($145k pre-7/26/24; $150k post-7/26/24) and committee/lead/chair fees (cash and matching equity for chairs) per schedule; non-chair committee member fees: Audit $12.5k, Compensation $10k, Nominating $8k .
Performance Compensation
- IMXI non-employee director pay is predominantly fixed cash plus time-vested equity (RSUs/stock awards); no performance-based metrics for director equity grants .
- Unvested RSUs at 12/31/2024: 7,336 (vest on 6/19/2025) .
- Equity plan governance: No repricing, director annual cap of $750k total cash+equity, no change-of-control tax gross-ups; dividends on unvested awards deferred until vesting .
Other Directorships & Interlocks
- Current public company boards: None disclosed beyond IMXI .
- Prior independent directorship: Natural Fiber Welding (2021–2023) .
- Related-party transactions: None involving Ms. Maydón disclosed for FY2024/FY2025 to date .
Expertise & Qualifications
- Sector expertise: FinTech, payments, remittances; financial literacy; corporate governance; international/emerging markets .
- Education: MBA (Harvard); B.S. Economics (ITAM) .
- Entrepreneurial/innovation background via Endeavor and Ascendo .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Laura Maydón | 32,746 | <1% | Includes 7,336 RSUs vesting within 60 days of 4/21/2025; excludes 157 RSUs deliverable within 30 days after vesting |
| Unvested RSUs (12/31/2024) | 7,336 | — | Vest 6/19/2025 |
Policies affecting alignment:
- Ownership guidelines: Non-management directors must hold 5x annual base retainer; all directors were compliant or adhering to retention requirements as of 12/31/2024 .
- Anti-hedging/anti-pledging: Directors prohibited from hedging/pledging Company stock or holding in margin accounts .
Governance Assessment
- Strengths: Independent director with deep fintech/payments experience and international background; chairs Nominating & Corporate Governance Committee (board composition, evaluations, ESG oversight, succession planning) ; board-wide high attendance (98%) ; strong pay governance (no option repricing; director pay cap) ; anti-hedging/pledging and robust ownership guidelines with compliance .
- Alignment: Holds equity (32,746 shares) and unvested RSUs; subject to ownership and clawback policies (Company maintains SEC/Nasdaq-compliant clawback, though primarily for executives) .
- Potential watch items: Classified board structure persists, which can reduce annual accountability to shareholders ; monitor director equity accumulation versus ownership guideline multiple and continued committee leadership effectiveness .
- Conflicts/related-party: No related-party transactions disclosed for Ms. Maydón; compensation consultant (FW Cook) reviewed for conflicts—none identified .