Rajendran Anbalagan
LifevantageAbout Rajendran Anbalagan
Independent director at LifeVantage (LFVN) since August 2024; age 49. Currently Chief Information and Product Transformation Officer at Caesars Entertainment (since June 2023); previously SVP, Digital Technology & Innovation at Panera (2011–2023) and executive leadership at AT&T (1998–2011). Education: B.Eng. Computer Science & Engineering, University of Madras (1997); MBA, University of Missouri–St. Louis (2008). The Board cites his extensive technology and digital transformation expertise as core credentials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Panera LLC | SVP, Digital Technology & Innovation | Dec 2011–May 2023 | Led product strategy on digital technology, growth innovation, enterprise architecture |
| AT&T | Executive leadership positions | 1998–2011 | Oversaw global distribution and technology integration across products/platforms |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Caesars Entertainment | Chief Information and Product Transformation Officer | Jun 2023–present | Responsible for technology and digital growth of the company |
Board Governance
- Independence: Determined independent under Nasdaq rules .
- Committees: Member, Audit Committee; Member, Nominating & Corporate Governance Committee. Not a chair; Audit Chair is Dayton Judd; Nominating Chair is Cynthia Latham .
- Attendance: Each current director attended ≥75% of aggregate Board and committee meetings; Board met 6x, Audit 4x, Nominating 5x, Compensation 9x in last fiscal year .
- Board leadership: Independent Chair (Raymond Greer); no separate Lead Independent Director disclosed .
- Conflicts policy: Directors must pre-clear activities that could present conflicts; prohibited from roles in companies that compete directly/indirectly without Board approval .
Fixed Compensation
| Component | Amount ($) | Period/Notes |
|---|---|---|
| Non-employee director monthly retainer | $5,000 per month | Standard for all non-employee directors |
| Committee chair monthly fees | $7,000 Board Chair; $6,667 Audit Chair; $6,250 Compensation Chair; $5,833 Nominating Chair | Standard chair fees (not received by Anbalagan) |
| Fees Earned (cash) – Anbalagan | $52,500 | FY2025; pro-rated from Aug 2024 appointment |
- Director Stock Ownership Guidelines: Minimum holding equal to 5x annual base cash compensation; retain all “net shares” until target met .
Performance Compensation
| Component | Grant Basis | Vesting | Amount ($) |
|---|---|---|---|
| Annual Director Restricted Stock Award | Shares equal to $105,000 ÷ 10-day average closing price pre-election date; pro-rated if appointed mid-year | Single installment on 1-year anniversary, subject to continued service | $131,085 (Anbalagan FY2025 grant-date fair value) |
- Plan features: Minimum 1-year vest; prohibition on repricing, discounted options, and dividend payments on unvested shares; recoupment (clawback) policy re-approved Nov 2024 applies to awards .
- Change-in-control: If awards are not assumed/substituted/continued, service-vested awards accelerate in full; performance awards accelerate at greater of target or actual performance .
Other Directorships & Interlocks
| Company | Role | Public Company? | Committees |
|---|---|---|---|
| None disclosed | — | — | — |
- Interlocks/conflicts: Current executive role at Caesars Entertainment is in gaming/hospitality; no disclosed related-party transactions or competitive conflicts with LifeVantage’s nutraceutical/direct selling business; related-party transactions are reviewed/approved by the Audit Committee .
Expertise & Qualifications
- Digital transformation, e-commerce, cybersecurity/IT, artificial intelligence (Board skills matrix marks) .
- C-suite leadership and public company experience .
- Board believes his technology and transformational digital skills benefit LFVN’s strategy .
Equity Ownership
| As-of Date | Shares Beneficially Owned | Ownership % | Notes |
|---|---|---|---|
| Jun 30, 2025 | 10,468 restricted shares held | — | Director restricted stock holdings disclosure |
| Aug 31, 2025 | 10,468 | <1% of outstanding | Held directly by Anbalagan |
| Nov 6, 2025 (Form 4) | 23,999 | — | Post-transaction ownership after director RS award; direct ownership |
- Hedging/pledging: Hedging, short sales prohibited; margin accounts require approval; no pledging disclosed .
- Ownership guidelines: 5x annual base cash compensation; compliance status not disclosed .
Insider Trades (Form 4)
| Filing Date | Transaction Date | Type | Shares Transacted | Price ($) | Post-Transaction Ownership | Source |
|---|---|---|---|---|---|---|
| 2025-11-10 | 2025-11-06 | Award (A) | 13,531 | 7.76 | 23,999 | |
| 2024-11-12 | 2024-11-07 | Award (A) | 7,819 | 13.43 | 10,468 | |
| 2024-08-27 | 2024-08-26 | Award (A) | 2,649 | 8.26 | 2,649 | |
| 2024-08-27 | 2024-08-26 | Initial statement (Form 3) | — | — | — |
Board Effectiveness Signals
- Election outcome: Re-elected at FY2026 Annual Meeting; seven directors elected (including Anbalagan); proposals (Say-on-Pay, auditor ratification, LTIP amendment) approved; quorum 75.41% of shares; vote totals detailed in Item 5.07 8-K .
- Say-on-Pay trend: FY2025 say-on-pay support >73% (up from ~67% prior year), signaling improved investor sentiment on compensation governance .
Governance Assessment
- Strengths: Independent director; dual committee service (Audit; Nominating & Governance); at least 75% attendance; strong technology/digital transformation expertise aligned with LFVN’s e-commerce initiatives; ownership aligns via annual RS awards and stringent ownership guidelines; hedging/short-sale prohibitions reduce misalignment risk .
- Alignment: FY2025 director pay for Anbalagan comprised cash fees ($52,500) and time-based restricted stock ($131,085; vests at one year), reinforcing long-term alignment without performance metric complexity typical for executives .
- Conflicts: No related-party transactions or competitive conflicts disclosed; Board conflicts policy requires pre-clearance for potential conflicts .
- Investor confidence: Clean re-election under majority voting standard; improved say-on-pay support indicates constructive engagement and responsiveness by the Compensation Committee .
- RED FLAGS: None disclosed specific to Anbalagan. No legal proceedings, pledging, hedging, or attendance shortfalls noted; company-wide hedging prohibitions and related-party oversight mitigate risk .