Susan Garcia
About Susan Garcia
Susan Garcia, 53, is Executive Vice President, General Counsel and Chief Compliance Officer of CS Disco, Inc. (NYSE: LAW), serving since October 2024; she previously was General Counsel at WebMD Health Corp. (June 2021–October 2024) and Associate General Counsel at Thomson Reuters (January 2010–May 2021). She holds a B.A. in Government and International Relations from Cornell University and a J.D. from the University of Pennsylvania Law School . As context for performance during her tenure period, DISCO reported FY2024 total revenue of $144.8 million (+5% y/y) and Adjusted EBITDA of $(18.7) million (improved from $(25.9) million in FY2023), and Q4 2024 total revenue of $37.0 million (+4% y/y); FY2025 guidance calls for total revenue of $145.5–$157.5 million and Adjusted EBITDA of $(19.0)–$(15.0) million .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| CS Disco, Inc. | EVP, General Counsel & Chief Compliance Officer | Oct 2024–Present | Not disclosed |
| WebMD Health Corp. | General Counsel | Jun 2021–Oct 2024 | Not disclosed |
| Thomson Reuters | Associate General Counsel | Jan 2010–May 2021 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| WebMD Health Corp. | General Counsel | Jun 2021–Oct 2024 | Not disclosed |
| Thomson Reuters | Associate General Counsel | Jan 2010–May 2021 | Not disclosed |
Fixed Compensation
- Not disclosed for Susan Garcia in the 2025 proxy; she is listed as an executive officer but is not included among named executive officers in the Summary Compensation Table .
Performance Compensation
- Company Performance Bonus Plan (structure and 2024 outcome, applicable to NEOs; Susan Garcia-specific targets not disclosed): Corporate performance objectives are based on specified revenue, Adjusted EBITDA, and non-quantitative business criteria; weighted-average achievement for 2024 was ~73% of target, driving ~73% payout of annual target bonuses for participating NEOs .
| Performance Element | Metric | Target | Actual | Payout | Vesting/Timing |
|---|---|---|---|---|---|
| Annual Cash Bonus (2024) | Revenue, Adjusted EBITDA, non-quantitative goals | Company-set (not disclosed) | ~73% weighted achievement | ~73% of annual target for NEOs | Paid after certification |
- PSU program (2024 awards, certified in Feb 2025 for certain NEOs; no Garcia-specific PSU disclosure): PSUs for CFO and CCO (customer) vested at 73% of target (36.5% of total award), with earned tranches subject to service-based quarterly vesting thereafter .
| Executive | Award Year | Metric Basis | Certified Performance | Shares Earned | Vesting Schedule |
|---|---|---|---|---|---|
| Michael S. Lafair (CFO) | 2024 PSU | Revenue, Adjusted EBITDA, non-quantitative goals | 73% of target | 28,193 | Earned tranche vests over quarterly installments |
| Melanie Antoon (EVP, Chief Customer Officer) | 2024 PSU | Revenue, Adjusted EBITDA, non-quantitative goals | 73% of target | 28,193 | Earned tranche vests over quarterly installments |
Equity Ownership & Alignment
- Hedging and pledging risk controls: The Insider Trading Policy prohibits hedging or monetization transactions, trading in derivative securities (public call/put options), short selling, purchasing on margin or holding in margin accounts, and pledging of shares as collateral .
- Beneficial ownership: The proxy provides beneficial ownership for directors and named executive officers and group totals; Susan Garcia is not individually listed, and a per-person ownership figure for her is not disclosed. Shares outstanding as of April 15, 2025 were 60,808,692, used for computing percentages in the table .
Employment Terms
- No Susan Garcia-specific employment agreement, severance, or change-in-control terms are disclosed in the 2025 proxy’s Employment Arrangements or Potential Payments sections (which detail agreements for the CEO, CFO, and Chief Customer Officer) .
Company Performance Context
| Metric | Q4 2023 | Q4 2024 | FY 2023 | FY 2024 | FY 2025 Guidance |
|---|---|---|---|---|---|
| Total Revenue ($USD Millions) | — | $37.0 (+4% y/y) | — | $144.8 (+5% y/y) | $145.5–$157.5 |
| Adjusted EBITDA ($USD Millions) | $(1.0) | $(4.3) | $(25.9) | $(18.7) | $(19.0)–$(15.0) |
| Software Revenue ($USD Millions) | — | $30.8 (+5% y/y) | — | $120.1 (+7% y/y) | $124.0–$131.0 |
Compensation Governance and Policies
- Compensation Committee independence and remit: The Compensation Committee (Srinivasan, Goodman, Hill) is independent and oversees executive pay, peer group and policy; it engaged Compensia in FY2024 to evaluate compensation strategy and develop a comparative group .
- Clawback oversight: The Compensation Committee oversees compliance with the company’s clawback policy; details of triggers are not provided in the proxy text excerpts .
- Equity plan capacity and automatic share increase: As of Dec 31, 2024, 9,578,322 shares remained available; the 2021 Plan and ESPP include annual automatic increases (2025 increases: 3,016,462 and 603,292 shares, respectively) .
Investment Implications
- Alignment signals: Corporate policy prohibiting hedging, derivative trading, margin, short selling, and pledging reduces misalignment and forced-selling risks for executives, including Garcia .
- Retention and disclosure gap: Garcia’s appointment (Oct 2024) is disclosed, but her individual base salary, bonus targets, and equity grants are not included in the NEO tables, limiting direct pay-for-performance assessment and visibility into potential vesting overhang and insider selling pressure .
- Performance linkage: Company incentives for NEOs are tied to revenue and Adjusted EBITDA with certified outcomes (~73% of target for 2024), suggesting emphasis on growth with operating discipline; if Garcia participates similarly, cash incentive alignment would be performance-based, though her specific targets are not disclosed .
- Legal/compliance intensity: General & Administrative expenses increased in 9M 2025, driven by legal fees and a legal loss contingency accrual for securities litigation, elevating strategic importance of the GC role and execution demands in compliance and risk management .
- Change-in-control economics: For certain NEOs (CEO/CFO/Chief Customer Officer), severance includes salary and bonus multiples and accelerated vesting under change-in-control conditions; Garcia-specific terms are not disclosed, leaving uncertainty on her potential CoC economics and retention protections .