Peggy Tiderman
About Peggy Tiderman
Peggy Tiderman (age 67) has served as a director of Legacy Education Inc. since December 2023. She is Co‑Founder and Executive Leadership Coach at Streamlined Coaching (since 2017), and previously served as a Commissioner at the Accrediting Council for Continuing Education and Training (ACCET) from December 2011 to August 2020. She holds an associates of applied science in business from the Community College of Beaver Country.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Accrediting Council for Continuing Education and Training (ACCET) | Commissioner | Dec 2011 – Aug 2020 | Institutional accreditation oversight for non‑collegiate continuing education and training organizations |
| Streamlined Coaching | Co‑Founder; Executive Leadership Coach | 2017 – present | Focus on operational effectiveness and efficiencies |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Streamlined Coaching | Co‑Founder; Executive Leadership Coach | 2017 – present | Private leadership development/coaching firm |
| ACCET | Commissioner | Dec 2011 – Aug 2020 | Accreditation body; not a public company board |
| Other public company boards | — | — | None disclosed |
Board Governance
- Independence: The Board determined that 50% of directors are “independent” under NYSE American rules, specifically Blaine Faulkner, Zwade J. Marshall, and Janis L. Paulson; Peggy Tiderman is not identified as independent.
- Committee assignments: Audit Committee (Faulkner, Paulson, Marshall; Faulkner Chair); Compensation Committee (Marshall, Paulson, Faulkner; Marshall Chair); Nominating & Corporate Governance (Paulson, Marshall, Faulkner, Amato; Paulson Chair). Peggy Tiderman is not listed on any standing committee.
- Attendance and engagement: In FY2025 the Board held 5 meetings; none of the directors attended fewer than 75% of the aggregate of Board and committee meetings for which they served.
- Leadership structure: CEO also serves as Chair; the Board does not have a Lead Independent Director and believes that role is not necessary at this time.
- Executive sessions: Independent members meet separately without management directors on a regular basis.
- Anti‑hedging policy: The Company does not currently prohibit employees, officers, or directors from hedging Company equity.
Fixed Compensation
| Item | FY2025 Amount | Notes |
|---|---|---|
| Fees earned or paid in cash | $28,000 | Non‑employee director compensation table |
| Annual retainer (policy) | $40,000 | Standard Board cash compensation per policy |
| Committee chair fee (policy) | $10,000 | Annual cash compensation for chairs |
| Committee member fee (policy) | $5,000 | Annual cash compensation for members |
Observation: Peggy’s reported cash fees ($28,000) are below the stated annual retainer ($40,000), and she is not shown as a committee member or chair (which would add $5,000/$10,000); the proxy does not explain the variance.
Performance Compensation
| Component | FY2025 Value | Instrument | Grant Timing/Policy Notes |
|---|---|---|---|
| Option Awards (fair value) | $176,596 | Stock options | The proxy notes “last granted” options in January 2025 (non‑employee director section) and separately states “last granted” in September 2025 (executive comp section); no specific director grant dates, strikes, or vesting disclosed for Peggy. |
Performance Metrics Tied to Director Compensation
| Metric | Disclosure |
|---|---|
| TSR percentile; revenue/EBITDA targets; ESG goals | Not disclosed for non‑employee director awards; the director comp table shows cash and option values only. |
Other Directorships & Interlocks
| Company | Role | Committees | Interlocks/Notes |
|---|---|---|---|
| Public company boards | — | — | None disclosed |
| Education/Accreditation bodies | ACCET Commissioner | — | Prior accreditation governance experience |
Expertise & Qualifications
- 27+ years in the private post‑secondary educational sector, with operational effectiveness and efficiency focus via Streamlined Coaching.
- Accreditation governance experience at ACCET, relevant to compliance and quality assurance in education institutions.
- Business education credential (associates of applied science in business).
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total beneficial ownership (shares) | 21,478 | Represents shares issuable upon exercise of options; counted under SEC rules if exercisable within 60 days of record date |
| Ownership % of outstanding | <1% | Reported as “*” less than 1% |
| Composition | Options only | Footnote confirms ownership via options; no common shares reported |
| Shares outstanding (Record Date) | 12,564,370 | As of Oct 17, 2025 |
| Pledged shares | Not disclosed | No pledging disclosure for Peggy |
Governance Assessment
- Independence and conflicts: Peggy is not classified as “independent,” and received Company consulting fees of $152,279 (FY2025) and $132,988 (FY2024), plus $25,950 post‑FY2025 through the proxy date—material related‑party transactions that can impair perceived independence. RED FLAG.
- Committee effectiveness: She is not assigned to Audit, Compensation, or Nominating committees, limiting direct involvement in key oversight functions.
- Attendance: Met the Company’s threshold (≥75%) in FY2025, aligning with minimum engagement expectations.
- Pay‑for‑performance alignment: Director compensation is predominantly equity via options ($176,596) with modest cash fees ($28,000); no disclosed performance metrics tied to director pay. Alignment relies on stock price, but absence of metric‑based design weakens explicit pay‑for‑performance signaling.
- Ownership alignment: Beneficial ownership is via options only (21,478 shares; <1%); absence of direct share holdings and lack of stock ownership guidelines disclosure reduce visible “skin‑in‑the‑game.”
- Broader governance context: CEO/Chair duality with no Lead Independent Director; independent directors meet separately, but lack of a lead role and no anti‑hedging policy are shareholder‑unfriendly signals. RED FLAG.
- Process safeguards: The Company has a Related Persons Transaction Policy with audit committee oversight, but consulting relationships with directors persist despite potential independence impacts.
Overall implication: The combination of consulting fees to a sitting director, non‑independent classification, lack of committee roles, and absence of anti‑hedging policy present meaningful governance risk indicators that can weigh on investor confidence, despite adequate attendance and relevant sector/ accreditation expertise.