Anson Flake
About Anson Flake
Independent director of LINKBANCORP, Inc. (LNKB). Age 59; director since 2019; current term expires at the 2025 annual meeting . Founder/CEO of TEAM Aurelius; previously co-founded HydroWorx International, serving as CEO from 1997–2016; J.D. from Washburn University School of Law; teaches entrepreneurship at Trinity High School and is a founding board member of Harrisburg University’s Center of Innovation & Entrepreneurship .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| HydroWorx International, Inc. | Co-Founder; Chief Executive Officer | 1997–2016 | Led growth until acquisition by a PE firm |
| TEAM Aurelius | Founder; Chief Executive Officer | Not disclosed (current) | Health and human performance venture |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Harrisburg University – Center of Innovation & Entrepreneurship | Founding Board Member | Not disclosed | Community and innovation engagement |
| Trinity High School (Camp Hill, PA) | Entrepreneurship Teacher | Not disclosed | Local education involvement |
Board Governance
- Committee assignments: Audit Committee member; LNKB Audit Committee is comprised of Jones (Chair), Doane, Flake, Snyder, Wheatley; all are independent; LNKB Audit Committee met 8 times in 2024 .
- Independence: LNKB states all directors other than Samuel (CEO), Breda (officer), and Harrison (compensated by LINKBANK) are independent; Flake is independent .
- Attendance: Board held 13 meetings in 2024; other than Director Pierson, no director attended fewer than 75% of board and committee meetings—implying Flake met the threshold .
- Annual meeting attendance: LNKB expects directors to attend; 19 of 21 attended May 23, 2024 (two excused); all then-standing directors attended May 25, 2023 .
- Board leadership: Independent Chair (Joseph C. Michetti, Jr.); separate CEO and Chair roles; ERM committee at board level chaired by Pommerening; independent key committees .
Fixed Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Annual Cash Retainer ($) | 25,000 | 30,000 | 30,000 |
| Committee Chair Fees ($) | 0 (not a chair) | 0 (not a chair) | 0 (not a chair) |
| Total Cash Fees ($) | 25,000 | 30,000 | 30,000 |
Notes:
- LNKB raised the non‑employee director annual retainer to $30,000 effective January 1, 2023; committee chairs receive an additional $2,500; Board Chair receives an additional $5,000; fees paid quarterly .
Performance Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Restricted Stock/RSUs – Grant Date Fair Value ($) | — (not disclosed) | 14,000 | 13,160 |
| Restricted Stock Held (# shares, year-end) | 2,000 (as of 12/31/2024) | 2,000 (as of 12/31/2024) | 2,000 (as of 12/31/2024) |
| Options Outstanding (#) | 5,000 (as of 12/31/2024) | 5,000 (as of 12/31/2024) | 5,000 (as of 12/31/2024) |
| Vesting Schedule | Time-based; equal annual installments over 5 years | Time-based; equal annual installments over 5 years | Time-based; equal annual installments over 5 years |
Observations:
- Director equity awards are time-vested; no performance-metric linkage is disclosed for director grants .
- YoY mix: cash remained $30k; equity fair value decreased slightly from $14k (2023) to $13,160 (2024); 2024 total compensation $43,160 (≈69.5% cash / 30.5% equity) .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlocks/Notes |
|---|---|---|---|
| None disclosed | — | — | Flake’s LNKB proxy biography does not list other public company boards . |
Expertise & Qualifications
- Entrepreneurial operator with healthcare/sports manufacturing experience (HydroWorx); legal training (J.D., Washburn); local community and education engagement—skills relevant to governance and regional banking market familiarity .
- Audit Committee experience; board emphasizes financial literacy for Audit members; Audit Chair Jones designated financial expert .
Equity Ownership
| Metric | As of Apr 6, 2023 | As of Apr 5, 2024 | As of Apr 4, 2025 |
|---|---|---|---|
| Shares Owned | 101,361 | 103,361 | 104,027 |
| Options/Warrants Exercisable within 60 Days | 3,000 | 4,000 | 5,000 |
| Total Beneficial Ownership (shares) | 104,361 | 107,361 | 109,027 |
| % of Shares Outstanding | * (<1%) | * (<1%) | * (<1%) |
| Unvested Restricted Stock (shares) | — | — | 1,600 |
| RSUs Vesting within 60 Days (shares) | — | — | 666 |
| Pledged Shares | None (directors/officers) | None (directors/officers) | None (directors/officers) |
Notes:
- 2025 footnote detail: includes 62,820 shares held jointly with spouse; 1,600 unvested restricted stock; and 666 RSUs vesting within 60 days .
Governance Assessment
- Strengths: Independent director; consistent attendance ≥75%; Audit Committee membership supports financial oversight; no pledging of stock; anti-hedging policy in place; director compensation modest and balanced; meaningful ownership (>100k shares) aligning interests .
- Risks/RED FLAGS: None specific to Flake disclosed in related-party sections; LNKB notes ordinary-course loans to directors/officers and certain transactions linked to other directors (e.g., Parmer entities) but no items involving Flake; LNKB Audit Committee reviews related-person transactions semi-annually .
- Board dynamics: 2025 reduction of board size from 21 to 11, with Flake nominated among the streamlined slate—signal of governance rationalization; independent Chair retained .
Compensation Committee process: Engaged Meridian Compensation Partners in 2023 for executive peer group development and in 2024 to advise on director compensation and equity plan structure; committee assessed independence and found no conflicts .
Attendance at annual meetings: LNKB expects director attendance; broad participation observed in 2023 and 2024 .
Committees: Flake is not a chair of any primary committee (Audit chair is Jones; Nominating/Governance chair is Koppenhaver; Compensation chair is Parmer) .