Anne Murphy
About Anne Murphy
Anne Murphy (age 59) is an independent director of Inspire Veterinary Partners, Inc. (IVP), serving since August 2023; she is a technology and transformation leader with 30+ years across utility, retail, direct-to-consumer, and veterinary sectors, and currently Vice President, Business Solutions and Applications at American Electric Power . Her prior roles include CIO positions at Best Buy Health/GreatCall and Banfield Pet Hospital, senior technology leadership at Target, and owner/president of consulting firm Claro Vista LLC; she holds an MBA from University of St. Thomas (2004) and a BS from Metropolitan State University (1998) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| American Electric Power | Vice President, Business Solutions and Applications | Jan 2021 – Present | Technology transformation leadership supporting utility operations |
| Best Buy Health / GreatCall, Inc. | Chief Information Officer | Nov 2017 – Mar 2020 | Led health tech platform operations/go-to-market |
| Banfield Pet Hospital | Chief Information Officer | 2015 – 2017 | CIO in veterinary services; technology modernization |
| Target Corporation | Technology VP/Senior Director | 2008 – 2014 | Enterprise retail systems leadership |
| Claro Vista LLC | Owner & President | 2014 – Present | Consulting in tech/transformation across sectors |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| United Through Reading | Board Trustee & Operations Committee Chair | 2018 – Present | Operations oversight in nonprofit literacy |
| Banfield Foundation | Board Member | 2017 | Philanthropy in veterinary care |
| Habitat for Humanity Women’s Build | Volunteer | 2013 – 2014 | Community development support |
| Ordway Circle of Stars | Board Member | 2008 – 2010 | Arts organization governance |
Board Governance
- Independence: The Board determined Anne Murphy is an “independent director” under Nasdaq and SEC rules .
- Committees: Compensation Committee member and Chair; not listed on Audit or Governance & Nominating in committee matrix .
- Attendance: Board held 4 meetings in 2024; each director attended at least 75% of Board and committee meetings for their service period .
- Executive sessions: Non-management directors meet in executive session at each quarterly board meeting; no Lead Independent Director .
- Committee activity: Compensation Committee met 4 times in 2024 .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (cash) | $36,000 | Payable monthly |
| Committee fee (cash) | $5,000 | Annual fee for service on one or more committees |
| Meeting fees | None disclosed | No per-meeting fees disclosed |
| Total cash fees (2024) | $41,000 | Anne Murphy’s fees earned in 2024 |
Performance Compensation
| Award Type | Grant Date | Shares/Units | Exercise/Strike | Vesting | Grant Date Fair Value | Notes |
|---|---|---|---|---|---|---|
| Stock options (Class A) | Sep 26, 2024 | 1,447 | $17.00 | Fully vested at grant | $3,618 | Options granted to non-employee directors; exercise price equals Nasdaq close; adjusted for 1-for-25 reverse split in Jan 2025 |
| RSUs | Not disclosed | — | — | — | — | No RSUs disclosed for directors |
| PSUs | Not disclosed | — | — | — | — | No PSUs disclosed for directors |
Performance metrics tied to director compensation: None disclosed (director pay comprised of fixed retainers and fully vested options; no performance-conditioned equity for directors) .
Other Directorships & Interlocks
- Current public company boards: Not disclosed in the proxy for Anne Murphy .
- Interlocks/conflicts: None disclosed for Anne Murphy; broader company related-party items involve other directors and the CEO (see Governance Assessment) .
Expertise & Qualifications
- Education: MBA, University of St. Thomas (2004); BS, Metropolitan State University (1998) .
- Technical and leadership expertise: CIO roles in health tech and veterinary services; senior technology leadership in large retail; transformation and applications leadership in utilities; consulting practice owner .
- Board qualifications cited: Multi-decade technology/administration experience across veterinary services and other industries; demonstrated commitment to public service .
Equity Ownership
| Class | Beneficially Owned Shares | Nature of Ownership | Percent of Class |
|---|---|---|---|
| Class A common | 1,447 | Options exercisable at $17; fully vested and counted as beneficial ownership within 60 days | Less than 1% |
| Class B common | — | None | — |
Options breakdown (as of Dec 31, 2024):
- Outstanding options: 1,447; Unvested: 0 .
- Section 16(a) note: One late report for directors covering option grant reporting (includes Ms. Murphy) due to inadvertent administrative error .
Governance Assessment
- Compensation Committee Chair: Anne Murphy chairs the Compensation Committee, responsible for executive and director pay and equity plan administration; the committee met 4 times in 2024 and may retain independent advisors, with direct appointment/oversight responsibility—positive for pay governance .
- Independence and engagement: Independent status, with at least 75% meeting attendance in 2024; non-management executive sessions occur quarterly, supporting oversight of management .
- RED FLAG – Hedging/Pledging policy: Company has not adopted prohibitions on short sales, options/derivatives, margin accounts, or pledging for directors/officers/employees, which weakens alignment safeguards .
- Board leadership structure: Combined CEO/Chair and no Lead Independent Director; while evaluated annually, this structure concentrates authority and may constrain independent board leadership—monitor compensations committee’s counterbalance role .
- Related-party environment: Disclosed related-party engagements involve other directors/CEO (e.g., Blue Heron Consulting, Star Circle Advisory; clinic sale to entity linked to director’s family), with Audit Committee oversight—heightens needs for strong independent committee scrutiny; no Anne-specific transactions disclosed .
- Compliance signal: One late Section 16(a) filing for option grant reporting among several directors including Ms. Murphy; attributed to administrative error—minor process weakness to monitor .