Alex Davidkhanian
About Alex Davidkhanian
Alex Davidkhanian is Chief Financial Officer and a Director of Keen Vision Acquisition Corporation (KVAC). He has ~20 years of multi‐industry operating and investment experience spanning finance, operations, and value creation roles. Filings list his age as 50 and title as “Chief Financial Officer, Director” as of March 2024; he has served as CFO since October 2021 and continues to serve on the board . He holds a B.Eng. in Mechanical Engineering with a minor in Management from McGill University and an MBA from the University of Chicago . The company has not disclosed executive TSR, revenue growth, or EBITDA growth metrics tied to his compensation; as a SPAC, KVAC has not set operating performance incentive metrics in the reviewed filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| TPG Growth and Rise (TPG) | Operations Director; Senior Advisor | 2018–2020 | Supported deal teams on sourcing/negotiating new deals; worked with portfolio CEOs/teams on value creation strategies . |
| LIXIL Group (Water Technology – Americas) | CFO, Americas | 2015–2018 | Led regional finance; senior operating finance leadership for Tokyo‑listed building materials/housing equipment company . |
| GROHE (Americas) | CFO; VP Sales; President/CEO (Americas) | 2008–2015 | Led Finance/HR/IT/Customer Service; later sales leadership and P&L leadership as regional President/CEO . |
| Diageo plc | Manager → Director → Finance Director (NA) | 2002–2007 | Led strategic projects and pipeline management for North America; progressed through leadership roles . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Birchmount Network | Co‑founder, President, Board Member | Since Jun 2020 | Gift card/marketing services; provides revenue, payment, and brand solutions to emerging retail clients . |
| Roboeatz | Board Member | Since 2020 | Autonomous robotic kitchen; governance and strategic oversight . |
| Sproos! | Advisory Board Member | Since 2019 | Rental home improvement brand; advisory role . |
Fixed Compensation
KVAC discloses no employment agreements or salary/bonus compensation for executive officers prior to a business combination; the only recurring payment is a monthly administrative fee to the sponsor. Post‑combination compensation would be determined by an independent compensation committee.
| Component | FY 2023 | FY 2024 |
|---|---|---|
| Base Salary | None disclosed for executive officers | None disclosed for executive officers |
| Target Bonus % | Not applicable (no executive comp program) | Not applicable (no executive comp program) |
| Actual Bonus Paid | None | None |
| Monthly Administrative Fee (to Sponsor) | $10,000/month, up to 9 months (or up to 15 months if extended) | $10,000/month, up to 9 months (or up to 21 months if extended, incl. Automatic Extension Period) |
| Employment Agreements / Severance | None; no termination benefits | None; no termination benefits |
Notes:
- KVAC states “No other compensation of any kind” will be paid to existing shareholders, directors, or their affiliates prior to consummation of a business combination; reimbursement of out‑of‑pocket expenses is permitted .
- After the initial business combination, any executive compensation would be determined by a compensation committee of independent directors .
Performance Compensation
KVAC has not adopted or disclosed incentive plan metrics (e.g., revenue growth, EBITDA, TSR) for executive officers prior to a business combination.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable (no executive incentive program disclosed pre‑combination) | — | — | — | — | — |
Equity Ownership & Alignment
| Metric | Oct 7, 2024 (DEF 14A) | Jul 3, 2025 (DEF 14A) |
|---|---|---|
| Shares Beneficially Owned (Davidkhanian) | 32,500 | 32,500 |
| % Outstanding | <1% (“*” less than 1%) | <1% (“*” less than 1%) |
| Total Shares Outstanding (record date) | 19,366,075 | 10,820,727 |
| Officers & Directors as a Group | 4,416,075 shares; 22.80% | 4,416,075 shares; 40.81% |
Additional alignment considerations:
- No executive equity awards (RSUs/PSUs/options) are disclosed pre‑combination .
- No pledging/hedging by Davidkhanian is disclosed in the beneficial ownership sections; proxy nomination rules require disclosure of hedging/derivative positions by nominees, but no such disclosure appears for him in the reviewed materials .
Employment Terms
| Term | Disclosed Details |
|---|---|
| Employment Agreement | None; KVAC has not entered into employment agreements with executive officers . |
| Severance / Termination Benefits | None disclosed; no agreements to provide benefits upon termination . |
| Change‑of‑Control Provisions | None disclosed for executives; post‑combination comp to be set by independent compensation committee . |
| Non‑compete / Non‑solicit | Not disclosed in reviewed filings. |
| Clawback / Tax Gross‑ups | Not disclosed in reviewed filings. |
| Related‑Party / Expense Reimbursement | Executives/directors may be reimbursed for out‑of‑pocket expenses; all related‑party transactions require approval by independent directors/audit committee and must be on arm’s‑length terms . |
Board Governance
- Role and independence: Davidkhanian serves as CFO and Director and is not independent under Nasdaq rules; independent directors are Peter Ding, William Chu, and Prof. Albert Cheung‑Hoi Yu .
- Committees: Audit, Compensation, and Nominating committees are composed of independent directors; committee rosters do not include Davidkhanian .
- Board processes: For FY2023 the Board and committees did not hold formal meetings and acted by written consent (SPAC norm) .
Board service history and roles
| Body | Role | Years | Committees / Notes |
|---|---|---|---|
| KVAC Board of Directors | Director | 2024–present (in filings reviewed) | Not a member of Audit/Comp/Nominating (independent directors only) . |
| KVAC | Chief Financial Officer | Oct 2021–present | Principal financial and accounting officer; SOX 302 certification signatory . |
Director compensation
- KVAC discloses no cash retainers or equity grants to directors prior to a business combination; only the sponsor receives an administrative fee .
Compensation Structure Analysis
- Heavy reliance on sponsor administrative fee; no base salary/bonus/equity paid to executives pre‑combination, which minimizes cash burn and traditional pay‑for‑performance linkages pre‑deal .
- No employment or severance protections indicates low change‑in‑control economic risk but potentially higher retention risk if market alternatives are available .
- Absence of equity awards or ownership guidelines reduces direct alignment via personal equity stakes; Davidkhanian’s personal holding of 32,500 shares is <1% across both 2024 and 2025 snapshots .
- Governance guardrails (independent committee composition; related‑party approval policies) are in place, but the dual role (CFO + Director) means he is not independent, concentrating management influence on the board .
Risk Indicators & Red Flags
- Dual roles: CFO and Director; not independent under Nasdaq rules (typical for SPACs but still a governance consideration) .
- Committee activity: No formal committee meetings in FY2023; reliance on consents may limit deliberative oversight during that period (common in SPACs) .
- Ownership alignment: Personal ownership is small (<1%), which may dilute economic alignment versus sponsor interests .
- Contracts/Parachutes: No severance, change‑of‑control, or guaranteed comp—positive for shareholder protection but can elevate retention risk .
Investment Implications
- Pay and incentives: With no salary/bonus/equity pre‑combination and no severance, there is minimal direct pay‑for‑performance linkage and limited near‑term insider selling pressure from vesting schedules; alignment may instead be driven by reputation/track record and the eventual post‑combination package .
- Ownership: Low personal stake (<1%) suggests modest “skin in the game” for Davidkhanian relative to sponsor holdings; monitor any changes in ownership or new equity grants around a business combination as a signal of alignment and retention intent .
- Governance: Independent committees oversee compensation and related‑party matters, but the CFO’s board seat reduces independence; post‑deal governance (committee activity, board refresh) will be key for long‑only governance screens .
- Trading signals: In the absence of disclosed incentive metrics or vesting overhangs, catalysts are likely deal‑driven (business combination progress, redemptions, capital structure updates). Track future proxy/8‑K disclosures for any adoption of executive employment agreements, post‑combination incentive plans, and equity grants that could introduce vesting‑related supply or alignment improvements .