Richard Levandov
About Richard Levandov
Richard Levandov, 70, is an independent Class II director at Kaltura serving since 2007; he is a long-tenured technology venture capitalist and operator, currently a partner at Avalon Ventures (since 2007) with more than 30 years’ experience in venture and entrepreneurship . He holds a B.S. from Binghamton University (1976) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| MIT 100K Business Plan Competition | Judge | Past | Active in organizations on both U.S. coasts promoting new disruptive enterprises |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Avalon Ventures | Partner | 2007–present | Active across Boston, NYC, SF, and Seattle venture ecosystems |
Board Governance
- Independence and leadership
- Determined independent under Nasdaq rules; no family relationships with officers/directors .
- Lead Independent Director: Ronen Faier; independent directors hold executive sessions at least twice per year .
- Classified (staggered) board: three classes with three‑year terms (Class II term ends at 2026 annual meeting) .
- Attendance and engagement
- Board held 10 meetings in FY 2024; each director attended >75% of board and applicable committee meetings; Levandov attended the 2024 annual stockholders’ meeting .
- Committee assignments (FY 2024)
Committee Role 2024 Meetings Notes Audit Member 7 Committee independence affirmed; “financial expert” designations are Ronen Faier and Naama Halevi Davidov (not Levandov) Compensation — 7 Not a member Nominating & Corporate Governance Member 4 Member; chaired by Ronen Faier
Fixed Compensation
- Policy highlights (non‑employee directors)
- Annual cash retainer; committee retainers; equity grant with grant‑date value $180,000; change‑in‑control acceleration .
- Director fees and equity (FY 2024)
Name Fees Earned or Paid in Cash ($) Stock Awards ($) Total ($) Richard Levandov 44,000 180,000 224,000 - Outstanding as of 12/31/2024
Name Options Outstanding Unvested RSUs Richard Levandov — 157,310
Performance Compensation
- Annual director equity grants are time‑based RSUs that generally vest in full immediately prior to the next annual meeting; no director performance metrics disclosed for equity vesting .
Other Directorships & Interlocks
| Entity | Type | Role/Relationship | Potential Interlock/Notes |
|---|---|---|---|
| Avalon Ventures | VC firm | Partner (Levandov) | Biography states partner at Avalon Ventures since 2007 |
| Avalon Ventures VII, L.P. | Shareholder | 5.8% of KLTR common stock | Beneficial owner; GP’s managing members are Kevin Kinsella and Stephen Tomlin; board still deems Levandov independent |
Expertise & Qualifications
- 30+ years as a technology venture capitalist, operator and entrepreneur; active across multiple venture communities .
- Audit Committee member (not designated as audit committee financial expert) .
- Education: B.S., Binghamton University (1976) .
- Independence affirmed by the board under Nasdaq rules .
Equity Ownership
| Metric | Detail |
|---|---|
| Total beneficial ownership (as of 4/21/2025) | 362,854 shares (less than 1% of outstanding) |
| Composition | 205,544 shares held + 157,310 RSUs vesting within 60 days |
| Options | None reported for director as of 12/31/2024 |
| Hedging/Pledging | Anti‑hedging policy prohibits hedging transactions in KLTR stock |
Governance Assessment
- Strengths
- Independent director with long venture experience; serves on Audit and Nominating committees; audit committee independence affirmed .
- Consistent engagement: >75% attendance in FY 2024 and attended 2024 annual meeting .
- Anti‑hedging policy in place for directors; clear related‑party transaction review by Audit Committee .
- No Section 16(a) filing delinquencies disclosed for FY 2024 period (timely filings for directors and officers) .
- Investor considerations
- Long tenure since 2007 may raise entrenchment/refreshment questions for some investors despite independence designation .
- Classified board structure reduces annual accountability (three‑year terms) .
- Venture affiliation interlock: partner at Avalon Ventures while an Avalon fund is a 5.8% KLTR shareholder; board continues to deem him independent under Nasdaq standards .
- Director pay mix is largely fixed/time‑based (cash + time‑vested RSUs), not outcome‑based; equity vests on service to next annual meeting .