S. Eric Creviston
LIGHTPATH TECHNOLOGIESAbout S. Eric Creviston
S. Eric Creviston, 61, has served as an independent director of LightPath Technologies since March 2021. He is Corporate Vice President and President of the Connectivity & Sensors Group at Qorvo (since June 2022), after leading Qorvo’s Mobile Products (2015–2022) and previously RF Micro Devices’ Cellular/Wireless Products (2002–2015). He holds a Master’s degree in Electrical and Electronics Engineering from the University of Illinois.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Qorvo, Inc. | Corporate VP & President, Connectivity & Sensors Group | Jun 2022–present | Senior P&L and product leadership relevant to LPTH’s sensing/optics markets |
| Qorvo, Inc. | Corporate VP & President, Mobile Products | Jan 2015–Jun 2022 | Led mobile RF portfolio during multi‑year scale-up |
| RF Micro Devices, Inc. | Corporate VP & President, Cellular Products Group (formerly Wireless Products) | May 2002–Jan 2015 | Ran cellular/wireless product lines through industry consolidation (RFMD–TriQuint merger → Qorvo) |
External Roles
- Other public company directorships: None disclosed in LPTH’s proxy for Mr. Creviston.
Board Governance
- Independence: The Board affirmatively determined Mr. Creviston is independent under Nasdaq standards.
- Committees:
- Compensation Committee, Member.
- Finance Committee, Chair.
- Nominating & Corporate Governance Committee, Member.
- Attendance: In FY2025 the Board met 12 times; each director serving the full year, including Mr. Creviston, attended at least 75% of Board and applicable committee meetings.
- Board leadership: LPTH separates Chair and CEO roles (non‑executive Chair: M. Scott Faris), enhancing independent oversight.
Fixed Compensation (Director)
| Component | FY2025 Terms | Mr. Creviston FY2025 Amount |
|---|---|---|
| Board retainer (cash) | $3,000/month | $36,000 |
| Committee chair fee | Finance Committee Chair | $4,000 |
| Meeting fees | None (unless special projects) | $0 |
| Total cash | $40,000 | |
| Equity grant (RSUs) | Annual grant equal to $60,000 | 19,355 RSUs granted 6/16/2025 at $3.10 per unit; vests 11/20/2025 |
Notes:
- Director equity awards are made under the 2018 Stock and Incentive Compensation Plan (SICP).
- For FY2025, his director compensation mix was 40% cash / 60% equity.
Performance Compensation (Director Equity Detail)
Director equity is predominantly time‑based RSUs (no performance metrics tied to director awards).
| Grant Date | Instrument | Units | Fair Value/Share | Vesting |
|---|---|---|---|---|
| 6/16/2025 | RSUs | 19,355 | $3.10 | Vests 11/20/2025 |
| 1/31/2024 | RSUs | 43,796 | — | Vest on first anniversary of grant date |
| 11/17/2022 | RSUs | 50,847 | — | Vest on first anniversary of grant date |
| 6/25/2021 | RSUs (pro‑rated) | 15,328 | — | Vested over 3 tranches; first vest pro‑rated 3,934; then 5,697 each on 2nd and 3rd anniversaries of 11/12/2020 FY21 grant cycle |
No director performance metrics disclosed for RSUs; they are time‑based.
Other Directorships & Interlocks
- No outside public company directorships for Mr. Creviston disclosed.
- Governance context: Following a February 2025 private placement, North Run received board designation rights; Thomas Ellis (North Run affiliate) joined the Board and an additional independent designee (Mark Caylor) was appointed. This dynamic increases investor influence but is not tied to Mr. Creviston, who remains independent.
Expertise & Qualifications
- Technical and operating depth across RF semiconductors and mobile/connectivity systems; extensive product and P&L leadership at Qorvo/RFMD.
- Graduate education in Electrical & Electronics Engineering (University of Illinois).
- Skill relevance: finance/transaction oversight as Finance Committee Chair aligns with LPTH’s capital structure and strategic planning oversight remit.
Equity Ownership
| Category | Shares/Units |
|---|---|
| RSUs (Restricted) | 19,355 |
| Common Stock | 152,057 |
| Stock Options | — |
| Total Beneficial Ownership | 171,412 (<1% of outstanding) |
| Combined Voting Power | <1% |
Additional ownership and alignment details:
- Deferred director shares: Unlike some LPTH directors, Mr. Creviston has no “vested and unissued” deferred shares; indicates he did not elect deferral under the director program.
- Hedging/pledging: Company policy prohibits directors from holding LPTH securities in margin accounts, pledging as collateral, short sales, and trading derivatives on LPTH stock.
- Insider reporting: No Section 16(a) reporting delinquencies cited for Mr. Creviston in FY2025.
Governance Assessment
Strengths and positive signals
- Independent status with multi‑decade operating expertise; complements LPTH’s defense/infrared growth focus.
- Active committee load and leadership (Finance Chair; member of Compensation and Nominating & Governance), indicating significant engagement in oversight of strategy, capital structure, talent/compensation, and governance.
- Attendance met Board threshold; Board maintained meeting cadence (12 meetings) with directors meeting at least 75% of obligations.
- Director pay mix emphasizes equity ($60k RSUs vs $40k cash in FY2025), supporting alignment.
- Robust trading policy (no pledging/hedging/shorts) reduces misalignment risk.
Watch items and potential risks
- Ownership stake is modest (<1%), offering limited “skin in the game” in absolute terms; continued equity accumulation could bolster alignment.
- Board investor designation rights (North Run) add governance complexity and potential influence vectors; however, this is not specific to Mr. Creviston and he remains independent.
- Director equity vesting is one‑year time‑based (post‑2021), which may reduce long‑term horizon versus multi‑year or performance‑contingent director equity; that said, time‑based grants are standard for small caps.
Committee process and controls
- Compensation Committee (where he serves) uses consultants and reviews director/NEO compensation; plans to engage consultants every two years—supportive of process rigor.
- No related‑party transactions involving Mr. Creviston disclosed; overall related‑party oversight resides with the Audit Committee.
Shareholder feedback context
- LPTH holds annual say‑on‑pay; stockholders approved the most recent say‑on‑pay at the FY2025 annual meeting (advisory).
RED FLAGS: None specific to Mr. Creviston were disclosed—no related‑party transactions, no hedging/pledging, no attendance issues, and no reporting delinquencies.