Raja Bobbili

About Raja Bobbili

Raja Bobbili is an independent Class II director of Loar Holdings Inc. (LOAR), serving a term through the 2026 annual meeting; he joined the board in connection with LOAR’s IPO in April 2024 after serving as a Manager on the Board of Managers of LA 13 from 2017 until its post‑IPO liquidation . He is Managing Director and Investment Analyst at Abrams Capital Management, LLC (since January 2014) and holds a B.S. in Electrical Engineering & Computer Science and a B.S. in Economics from MIT, an M.B.A. from Harvard Business School, and a J.D. from Harvard Law School . The board has determined he is independent under NYSE rules .

Past Roles

External Roles

Board Governance

• Committee assignments and chair roles:
  • Compensation Committee: Chair (members: Raja Bobbili [Chair], David Abrams, Paul S. Levy) .
  • Not a member of Audit or Nominating & Governance Committees (committee rosters listed; Bobbili only marked on Compensation Committee) .
• Committee remit (Compensation Committee highlights Bobbili oversees as Chair): executive and director pay programs; incentive/equity plan oversight; succession planning; compliance with NYSE/SEC rules; preparation of the Compensation Committee report .
• Independence and structure:
  • Board determined all directors except the CEO (Dirkson Charles) and Executive Co‑Chairman (Brett Milgrim) are independent; David Abrams serves as Lead Independent Director with defined responsibilities (agenda setting, executive sessions, CEO performance discussions) .
  • Classified board with 10 directors; Bobbili is a Class II director with term ending at the 2026 annual meeting .
• Attendance and engagement:
  • In FY2024, the board met 4 times; each director attended at least 75% of board and applicable committee meetings; non‑management directors held 4 executive sessions presided over by the Lead Independent Director .

Fixed Compensation

• Policy note: Non‑employee directors are eligible for a $100,000 annual cash retainer; certain directors (including Bobbili) waived these retainers in 2024 .

Performance Compensation

• No director PSUs/options or performance metrics were disclosed for directors in 2024; director pay consisted of cash retainers (some waived) and matching share grants for those who elected to purchase shares in the IPO directed share program .

Other Directorships & Interlocks

• Other public company directorships for Bobbili: None disclosed in the proxy .
• Compensation Committee interlocks/insider participation: Company disclosed no interlocks; none of the Compensation Committee members served as LOAR officers/employees, and no reciprocal board/committee overlaps with LOAR executives were reported .
• Shareholder agreements and influence vectors:
  • Voting Agreement among Abrams Capital, GPV Loar LLC, Dirkson Charles, and Brett Milgrim, obligating these parties to vote for each other’s designees (including Abrams Capital designees and GPV Loar designee Paul S. Levy); terminates on the earlier of 10 years or when Abrams Capital or GPV Loar holdings fall to ≤10% .
  • Registration Rights Agreement includes Abrams Capital and others; provides registration rights and lock‑up provisions around offerings .
  • Abrams Capital and affiliates beneficially owned 37,427,917 shares (40.0%) as of March 28, 2025 .

Expertise & Qualifications

• Private equity investing, finance, and corporate strategy experience, including long tenure on LA 13’s board prior to IPO .
• Education: B.S. EECS and B.S. Economics (MIT), M.B.A. (Harvard Business School), J.D. (Harvard Law School) .

Equity Ownership

• Hedging/pledging: Company policy prohibits short sales, derivative hedging, margin use subject to margin calls, and pledging of company securities by directors and employees .

Insider Trades and Section 16 Compliance

Governance Assessment

• Positives and effectiveness signals:

  • Independent director chairing the Compensation Committee, with a clear remit over executive pay, equity plans, and succession planning, supports board oversight of human capital and incentives .
  • Attendance threshold met; board and committee engagement at or above 75% in FY2024; regular executive sessions led by the Lead Independent Director enhance independent oversight .
  • Robust policies: prohibition on hedging/pledging and an NYSE 10D‑1‑compliant clawback policy adopted April 16, 2024 strengthen alignment and accountability frameworks .

• Watch items and potential conflicts (investor confidence considerations):

  • Significant shareholder affiliation: Bobbili is a Managing Director at Abrams Capital, which beneficially owned 40.0% of LOAR as of March 28, 2025; he also chairs the Compensation Committee alongside David Abrams (Lead Independent Director) and Paul S. Levy (GPV Loar designee), in the context of a Voting Agreement among these major holders—this concentration of influence over compensation and governance warrants monitoring for potential conflicts, even as independence is affirmed under NYSE rules .
  • Low personal ownership: No beneficial ownership reported for Bobbili as of March 28, 2025, and no director equity awards held as of year‑end 2024—reliance on shareholder affiliation rather than personal holdings may be viewed by some investors as weaker direct “skin‑in‑the‑game” alignment relative to peers .
  • Minor compliance issue: One‑day late Form 3 filing at onboarding (administrative in nature), but noted in the proxy .

• Context on director compensation:

  • Bobbili waived the standard $100,000 annual cash retainer and received no director equity in 2024; while this reduces direct pay, it also means less direct, disclosed equity alignment at the board level for him individually (distinct from Abrams Capital’s large ownership) .

Committee Snapshot (for reference)

Director Compensation (2024)

• Retainer policy: $100,000 annual cash retainer for non‑employee directors (payable quarterly); Bobbili and several others waived the retainer in 2024 .

Other Directorships & Interlocks (detail)

Policies Relevant to Alignment and Risk

• Hedging/Pledging Prohibition: Short sales, derivatives/hedging, margin‑collateral usage subject to margin calls, and pledging of company stock are prohibited for directors/employees .
• Clawback: NYSE‑compliant clawback policy adopted April 16, 2024 covering incentive‑based compensation upon an accounting restatement (three‑year lookback) .

Term and Board Classification

• Board size: 10; classified into three classes with staggered terms; Bobbili is Class II (term ends at 2026 annual meeting) .

Overall: Bobbili brings strong financial and private equity expertise to LOAR and leads the Compensation Committee, but investors should monitor the nexus between committee leadership and the large shareholder group (Abrams Capital at 40.0%) under the Voting Agreement, alongside his lack of reported personal share ownership, for potential alignment and independence optics .