Alison Bomberg
About Alison Bomberg
Independent director (Class II) at Loar Holdings Inc. (LOAR); age 56; joined the board in connection with LOAR’s IPO in April 2024. Managing Director and General Counsel at Abrams Capital Management since 2015; previously Partner in Ropes & Gray’s Private Equity group for 21 years. Education: B.A. in Foreign Policy (University of Wisconsin–Madison) and J.D. (Boston University School of Law). Board-determined independent; chairs the Nominating & Governance Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Loar Acquisition 13, LLC (LA 13) | Manager on Board of Managers | 2017–IPO liquidation (2024) | Long-tenured governance role at LOAR’s predecessor vehicle |
| Ropes & Gray LLP | Partner, Private Equity Group | 21 years (prior to 2015) | PE transactions, governance and legal expertise |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Abrams Capital Management, LLC | Managing Director & General Counsel | 2015–present | Senior legal executive at LOAR’s 40% shareholder (see Related Parties) |
| Boston Youth Symphony Orchestras (non-profit) | Advisory Board Member | Not disclosed | Community/arts advisory role |
Board Governance
- Structure and independence: LOAR board has 10 directors; Bomberg is independent. Committees: Audit (Danmola—Chair; Crow; McGetrick), Compensation (Bobbili—Chair; Abrams; Levy), Nominating & Governance (Bomberg—Chair; Carpenito; Levy). Lead Independent Director: David Abrams.
- Attendance and engagement: In FY2024, each director attended at least 75% of board and committee meetings; non-management directors held four executive sessions (led by the Lead Independent Director).
- Risk oversight and governance documents: Charters in place; corporate governance guidelines and code of conduct adopted.
- Hedging/pledging: Insider trading policy prohibits short sales, hedging, and pledging or margin arrangements in LOAR securities for directors and employees.
- Clawback: Dodd-Frank–compliant clawback policy adopted (applies to executive officers upon restatement).
- Section 16 compliance: One untimely Form 3 for Alison Bomberg (filed one day late on Apr 25, 2024).
Fixed Compensation
| Component | 2024 Director Program | Bomberg 2024 Actual |
|---|---|---|
| Annual cash retainer | $100,000 (payable quarterly) [program] | Waived (Bomberg elected to waive cash retainers) |
| Committee/Chair fees | Not specified beyond cash retainer in proxy | Not disclosed |
| Equity – matching grant program (one-time for new non-employee directors who purchased IPO shares or within 30 days) | Company matched 25% of director’s purchased shares (up to $500,000); lock-up restrictions for 3 years on matching shares | No award disclosed for Bomberg (awards made to Crow, Danmola, McGetrick) |
| Reimbursements/Indemnification | Reasonable expenses reimbursed; indemnification under bylaws/agreements | Eligible |
Director compensation table (2024):
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Alison Bomberg | N/A (waived) | None | None |
Performance Compensation
| Element | 2024 Structure | Bomberg 2024 Actual |
|---|---|---|
| RSUs/PSUs | No standing annual director equity program disclosed in the 2025 proxy beyond the IPO-related matching program | None granted to Bomberg in 2024 |
| Options | Not part of non-employee director program in 2024 | None |
| Performance metrics/vesting | Not applicable to directors in 2024; no TSR/EBITDA-linked director equity disclosed | N/A |
Other Directorships & Interlocks
| Entity | Type | Role | Potential Interlock/Conflict Consideration |
|---|---|---|---|
| Abrams Capital Management, L.P. and affiliates | Investor (5%+) | Bomberg is MD & General Counsel at Abrams Capital Management, LLC | Abrams beneficially owns ~40.0% of LOAR; subject to registration and voting agreements with other major holders. Bomberg is board-designated independent, but affiliation signals shareholder influence. |
Expertise & Qualifications
- Legal and private equity governance expertise (ex–Ropes & Gray PE Partner; GC of large investment firm).
- Capital markets/transactions and board governance capability via LA 13 and Abrams experience.
- Education: B.A. (Foreign Policy), J.D.
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Alison Bomberg | — | — (less than 1%) | No reportable beneficial ownership as of Mar 28, 2025 (93,556,071 shares outstanding). |
| Pledging/Hedging | Prohibited | — | Company policy bans hedging and pledging by directors. |
| Ownership guidelines | Not disclosed for directors in proxy | — | No director stock ownership guideline disclosed in 2025 proxy. |
Governance Assessment
-
Strengths
- Independent status; chairs Nominating & Governance Committee with clear charter responsibilities (board composition, governance guidelines, and evaluations).
- Strong legal and PE governance background supports board effectiveness in oversight and nominations.
- Robust policies: anti-hedging/pledging and Dodd-Frank clawback (for officers). Regular executive sessions; defined Lead Independent Director role.
-
Watch items / potential conflicts
- Affiliation with controlling shareholder group: Bomberg is MD & GC at Abrams Capital; Abrams beneficially owns ~40% of LOAR and is party to registration and voting agreements influencing director election dynamics. While the board has deemed Bomberg independent under NYSE rules, investors should monitor for potential shareholder influence on nominations and governance outcomes.
- Minor compliance point: one-day-late initial Section 16 Form 3 filing in 2024 (administrative).
-
Director pay/ownership alignment
- Bomberg waived cash retainer and received no director equity in 2024; alignment currently derives from governance responsibilities rather than direct LOAR equity exposure. Consideration: absence of disclosed director ownership guideline in proxy.
-
Overall implication
- Bomberg brings material governance and legal expertise as N&G chair. The primary governance risk factor is her senior role at LOAR’s largest shareholder, which, together with voting/registration agreements among major holders, may concentrate influence; however, board processes and independence determinations are in place. Continued monitoring of committee decisions (board refreshment, governance policies) and any related-party dynamics is warranted.