Jolie Hunt
About Jolie A. Hunt
Independent director since 2015 (age 46), Hunt is a marketing and communications operator and investor who founded and leads Hunt & Gather. She brings deep brand, media, technology, and stakeholder engagement expertise and currently serves as Chair of the Corporate Social Responsibility & Sustainability Committee and member of the Compensation and Nominating/Corporate Governance Committees. The Board has affirmatively determined she is independent under NYSE rules. All directors, including Hunt, attended at least 75% of Board and committee meetings in 2024.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hunt & Gather | Founder & CEO | 2013–present | Built advisory practice focused on technology/media brands and stakeholder engagement |
| AOL, Inc. | Chief Marketing & Communications Officer | 2012–2013 | Led global brand and communications |
| Thomson Reuters | SVP, Global Head of Brand & Public Relations | 2008–2012 | Global brand/PR leadership |
| IBM | Global Director, Corporate & Business Affairs | 2006–2008 | Corporate affairs across geographies |
| Financial Times | Director of Public Relations | 2002–2006 | Media relations and brand |
External Roles
| Organization | Role | Notes |
|---|---|---|
| SambaNova | Advisor | AI startup advisory |
| Universal Standard | Advisor | Fashion brand advisor |
| Humbition | Advisor | Venture fund advisor |
| Bowery Farming | Advisor | Vertical farming company advisor |
| Stella McCartney | Advisor | Fashion company advisor |
| Education | Boston University (BA, Mass Comm); Dartmouth Tuck/IE Global Executive Program; Harvard Business School Board Governance Program | Credentials supporting board effectiveness |
Board Governance
| Attribute | Detail |
|---|---|
| Independence | Independent director under NYSE standards |
| Committees | CSR&S (Chair); Compensation (Member); Nominating/Corporate Governance (Member) |
| Attendance | All directors attended ≥75% of Board/committee meetings in 2024 |
| Director Tenure | Director since 2015 |
| Overboarding policy | Non-employee directors limited to four other public boards; CEO limited to one; all in compliance |
| Executive sessions | Independent directors meet in executive session regularly |
Fixed Compensation
Non-employee director cash retainer structure (changes effective beginning Q3 2024):
| Fee Component | H1 2024 Annual Amount | Q3 2024+ Annual Amount |
|---|---|---|
| Board annual cash retainer | $70,000 | $75,000 |
| Independent Chair retainer (replaced Lead Independent Director retainer) | N/A | $100,000 |
| Audit Committee member | $15,000 | $15,000 |
| Compensation Committee member | $10,000 | $10,000 |
| Nominating/Corporate Governance member | $8,000 | $10,000 |
| CSR&S member | $5,000 | $10,000 |
| Audit Committee Chair | $20,000 | $35,000 |
| Compensation Committee Chair | $20,000 | $30,000 |
| Nominating/Corporate Governance Chair | $10,000 | $18,000 |
| CSR&S Chair | $10,000 | $18,000 |
Hunt’s 2024 director cash fees and equity value reported:
| Component (FY2024) | Amount |
|---|---|
| Fees earned/paid in cash | $118,000 |
| Stock awards (grant-date fair value) | $145,002 |
| Total | $263,002 |
Program features: no meeting fees; quarterly payment; directors may defer cash under the Deferred Compensation Plan; director stock ownership guideline is 5× annual retainer (all non-employee directors met or are within the five-year window).
Performance Compensation
Directors receive time-based RSUs (no performance metrics). 2024 awards:
| Grant Date | Units | Grant-Date Fair Value | Vesting |
|---|---|---|---|
| May 22, 2024 (annual grant to each non-employee director) | 4,304 | $145,002 | Vests at 2025 Annual Meeting (one-year vest) |
| Deferral | Directors may elect to defer RSU settlement; dividend equivalents accrue as additional RSUs and vest on same terms | — | — |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed for Hunt |
| Private/non-profit roles | Multiple advisory roles (see External Roles) |
| Interlocks/related entities | None disclosed; Related Party Transactions section contains no items involving Hunt |
Expertise & Qualifications
- Founder-operator with global brand, media, and technology experience at AOL, Thomson Reuters, IBM, and Financial Times .
- Leads CSR&S Committee oversight of sustainability, human capital, and community engagement; aligns Board ESG oversight with management’s ESG Steering Committee .
- Completed advanced governance education (Tuck/IE Global Executive Program; HBS Board Governance Program) .
Equity Ownership
| Metric (as of date) | Value |
|---|---|
| Beneficial ownership (3/1/2025) | 16,063 shares; <1% of outstanding |
| Unvested director RSUs outstanding (12/31/2024) | 4,439 units (includes dividend equivalents) |
| Additional unvested RSUs (will not vest within 60 days of 3/1/2025) | 4,504 units (beneficial ownership footnote) |
| Director stock ownership guideline | 5× annual retainer; all non-employee directors met or within 5-year period |
| Anti-hedging/anti-pledging | Policies prohibit hedging and generally prohibit pledging with narrow exceptions; no pledging by Hunt disclosed |
Governance Assessment
- Board effectiveness & ESG oversight: As CSR&S Chair, Hunt anchors board-level oversight of sustainability, human capital, philanthropy, and non-financial risks; this is a strategic priority aligned with KRC’s long-standing sustainability leadership and management ESG Steering Committee cadence.
- Independence & engagement: Independent status confirmed; 2024 board engagement included investor outreach to holders of ~75% of shares on governance/compensation topics, with program changes enacted; as a Compensation Committee member, Hunt participated in responsiveness to shareholder feedback (e.g., simplifying STIP metrics, reducing ESG weighting, and right-sizing CEO pay/severance).
- Alignment & ownership: Director equity is fully in RSUs with one-year vesting; strong director ownership guideline of 5× retainer supports alignment.
- Compensation structure: Retainer-only model (no meeting fees), increased chair/member retainers (notably CSR&S Chair and Compensation Chair) reflect workload; annual equity increased from $135k to $145k in 2024, maintaining meaningful equity mix for alignment.
- Conflicts and related-party exposure: No related-party transactions or loans involving Hunt disclosed; no hedging/pledging disclosed.
RED FLAGS: None disclosed for Hunt. No related-party transactions, no hedging/pledging disclosures, and attendance threshold met.