Anthony Carpenito
About Anthony M. Carpenito
Anthony M. Carpenito (age 50) is an independent Class I director of Loar Holdings Inc., nominated for re‑election with a term through the 2028 annual meeting . He joined the Loar board in connection with the company’s April 2024 IPO after serving on the Board of Managers of Loar Acquisition 13, LLC (LA 13) from 2019 until its liquidation at IPO close . He is Head of Private Capital Markets at Abrams Capital Management, LLC (since April 2015) and holds a B.A. in Economics and Political Science (Bucknell) and an M.B.A. (Columbia) . The board has affirmatively determined that all directors other than the two executive co‑chairmen are independent, which includes Mr. Carpenito .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Loar Acquisition 13, LLC (LA 13) | Manager on Board of Managers | 2019 – liquidated following IPO (April 2024) | Oversight role prior to IPO as part of Loar’s private structure . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Abrams Capital Management, LLC | Head of Private Capital Markets | April 2015 – Present | Senior role at 40% beneficial owner of LOAR . |
| Credit Suisse Private Fund Group | Managing Director; Head, Real Estate Private Fund Group | ~10 years (prior to 2015) | Capital raising leadership . |
| GAMCO Investors | Hedge fund capital raising | 3 years | Capital formation experience . |
| Goldman Sachs | Various roles (Controllers, Emerging Debt Capital Markets, Asset Management) | Early career | Foundational finance experience . |
Board Governance
- Current committee assignments: Nominating & Governance Committee member; chair is Alison Bomberg (members: Bomberg, Carpenito, Levy) .
- Independence: Classified independent (board determined all directors other than Mr. Charles and Mr. Milgrim are independent) .
- Board structure and attendance: Class I director; board held 4 meetings in 2024; each director attended at least 75% of board and committee meetings for which they served .
- Lead Independent Director: David Abrams; independent directors met in four executive sessions in 2024; lead independent director responsibilities include presiding over executive sessions, coordinating independent director activities, agenda/materials oversight, and related‑party review authority (when not conflicted) .
- Audit, Compensation, and Nominating committee charters are adopted and available on the company website .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer (non‑employee director) | $100,000 | Standard retainer payable quarterly . |
| Cash actually paid to Carpenito | Waived | Carpenito “has waived and intends to waive” any cash retainer . |
| Equity awards (director program) | None | No equity award reported for 2024; Matching Grant Shares were granted to other first‑time directors who purchased IPO shares, not to Carpenito . |
| Meeting/committee fees | Not disclosed | No additional fees disclosed . |
Performance Compensation
| Metric/Instrument | Structure | 2024 Director Application |
|---|---|---|
| Performance‑based director pay (PSUs/TSR/ESG) | Not disclosed for directors | No performance metrics or performance‑based equity disclosed for directors; Carpenito had no equity awards in 2024 . |
Other Directorships & Interlocks
| Company | Role | Committee Roles |
|---|---|---|
| None disclosed | — | — |
- Compensation Committee interlocks: None; no LOAR executive served on another company’s comp committee and vice versa during the last fiscal year .
Expertise & Qualifications
- Capital formation/private markets: Head of Private Capital Markets at Abrams Capital; prior MD/Head roles in Credit Suisse PFG; fundraising and strategic finance expertise .
- Broader finance/markets: Early‑career roles at Goldman Sachs; hedge fund capital raising at GAMCO .
- Governance background: Multi‑year service on LA 13 board prior to IPO and current Nominating & Governance Committee service .
- Education: B.A. (Economics and Political Science, Bucknell); M.B.A. (Columbia) .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (shares) | — (no shares reported as beneficially owned by Carpenito as of March 28, 2025) . |
| Ownership (%) | — (not listed with a percentage; “—”) . |
| Vested vs. unvested | N/A (no reported awards) . |
| Shares pledged | Company policy prohibits pledging and hedging by directors/officers/employees . |
| Insider reporting | Section 16(a) compliance noted in proxy; no delinquency disclosed for Carpenito . |
Note: Abrams Capital and affiliates beneficially own 37,427,917 shares (40.0%); Mr. Carpenito is employed by Abrams Capital, but the proxy does not attribute Abrams’ holdings to him personally .
Governance Assessment
Strengths
- Independent classification; not an employee of LOAR; serves on Nominating & Governance Committee (oversight of board composition and governance guidelines) .
- Board processes include executive sessions led by an independent lead director; all directors met ≥75% attendance threshold in 2024 .
- Hedging/short sales/pledging prohibited; clawback policy adopted April 16, 2024 for incentive‑based executive compensation; charters and governance documents in place .
Watch items / potential conflicts and alignment signals
- Affiliation with a controlling shareholder: Carpenito is a senior executive at Abrams Capital (40.0% holder). While the board deems him independent, this affiliation can present perceived independence risks given Abrams’ significant ownership and board presence (Abrams, Bobbili, Bomberg also tied to Abrams) .
- Voting Agreement among large holders (Abrams Capital, GPV Loar LLC, Dirkson Charles, Brett Milgrim) coordinates votes to elect designated nominees; though Carpenito isn’t explicitly named as a designee, the agreement supports aligned block voting and could influence board composition dynamics .
- Personal ownership alignment: No reported personal share ownership and no 2024 equity awards or cash retainer (waived). Waiving cash reduces pay risk, but lack of personal ownership may limit “skin‑in‑the‑game” unless holdings exist outside what’s reported; none are disclosed .
- Related‑party environment: Significant related‑party and governance agreements exist (Registration Rights Agreement; Voting Agreement; indemnification), though none specifically with Carpenito; the lead independent director reviews related‑party transactions when not conflicted .
Overall implication: Carpenito brings capital‑markets expertise and governance service, but investors should monitor potential independence perceptions due to his senior role at the 40% holder and the coordinated voting arrangements, and consider the absence of disclosed personal ownership as a mixed alignment signal despite his waiver of director cash fees .