Olivia Bartlett
About Olivia C. Bartlett
Olivia C. Bartlett (age 66) has served as an independent director of Innovative Eyewear, Inc. (to be renamed Lucyd, Inc.) since August 2021. She brings over 40 years of operating and commercial experience in eyewear, including roles as optician, sales and marketing, and operations; she holds a BA in Political Science from Clark University, is ABO certified, and has been a licensed Massachusetts optician since 1987 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Todd Rogers Eyewear | Chief Operating Officer | Sep 2015 – Present | Day-to-day operations leadership |
| Safilo USA | Sales Representative (NE Massachusetts) | Mar 2010 – May 2015 | Regional sales execution in eyewear |
| Benjamin Franklin Institute of Technology (Boston) | Adjunct Professor | Sep 2013 – May 2018 | Academic instruction in optical field |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Opticians Association of America | President | Feb 2020 – Present | National professional advocacy for opticianry |
| Opticians Association of Massachusetts | Director | Prior 10 years (pre-2020) | State-level professional leadership |
| Industry Recognition | — | 2018, 2020 | Vision Monday Most Influential Woman Executive (2018, 2020); Eyecare Business Game Changer (2020) |
Board Governance
- Independence: The Board has determined Ms. Bartlett is independent under NASDAQ standards; the Board is majority independent .
- Committee assignments:
- Audit Committee member (committee chaired by Louis Castro, who is designated the audit committee financial expert) .
- Nominating & Corporate Governance Committee Chair (committee members: Olivia Bartlett (Chair), Kristen McLaughlin) .
- Committee mandates:
- Audit oversees auditors, financial reporting, internal controls; recommends auditor engagement .
- Nominating & Corporate Governance handles board nominations, effectiveness assessments, and corporate governance guidelines .
- Section 16 compliance: All Forms 3, 4, and 5 were timely filed in FY 2024, indicating basic governance process adherence .
- Legal proceedings: The company reports no material legal proceedings affecting directors’ integrity in the last 10 years .
Contextual governance considerations (board-level):
- Related-party exposure: the company made intercompany loans to Tekcapital Europe Ltd. (10% interest; 2024 loan fully repaid; a 2025 facility saw borrowings repaid in June 2025) with a stated policy that future related-party deals require independent director approval (Audit Committee review) .
- Control-share voting: a 22% holder’s voting rights reinstatement proposal was presented in 2025 under Florida control-share statutes, underscoring board oversight needs around control dynamics .
Fixed Compensation
Director compensation for 2024 (non-management directors):
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|---|---|---|
| Kristen McLaughlin | 60,000 | - | - | - | - | - | 60,000 |
| Louis Castro | 40,500 | - | - | - | - | - | 40,500 |
| Olivia C. Bartlett | 10,000 | - | - | - | - | - | 10,000 |
Notes: The company disclosed that, in aggregate, 3,750 option awards to non-management directors were outstanding at 12/31/2024 (no allocation by director provided) .
Performance Compensation
| Performance-Linked Element (2024) | Amount/Status |
|---|---|
| Stock Awards to Directors | None disclosed (—) |
| Option Awards to Directors (new 2024 grants) | None disclosed (—); aggregate outstanding options 3,750 at 12/31/2024 |
| Non-Equity Incentive Plan Compensation | None (—) |
No director performance metrics, targets, or equity vesting schedules were disclosed for directors in 2024; compensation appears entirely cash-based for the non-management board .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None disclosed for Ms. Bartlett in the 2025 proxy biography . |
| Committee roles at LUCY | Audit Committee member; Nominating & Corporate Governance Committee Chair . |
| Interlocks with competitors/suppliers/customers | None disclosed for Ms. Bartlett; biography lists industry roles but not other public directorships . |
Expertise & Qualifications
- Eyewear industry and operations: 40+ years across opticianry, optical/marketing management, and COO experience .
- Governance: Chair of Nominating & Corporate Governance; independent director .
- Financial oversight: Audit Committee member (committee financial expert is Mr. Castro) .
- Education and credentials: BA (Clark University), ABO certified, Massachusetts optician license (1987) .
- Industry leadership and recognition: President, Opticians Association of America; multiple industry awards .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| Olivia C. Bartlett | 666 | <1% | Footnote indicates 666 shares reflect options exercisable within 60 days of June 30, 2025 . |
| Shares outstanding basis | 4,574,602 | — | Percentages are based on this share count . |
Governance Assessment
- Strengths for board effectiveness and investor confidence:
- Independent director with industry-operating depth; chairs Nominating & Governance and serves on Audit, supporting board refreshment, governance policy, and financial oversight .
- Majority-independent board; designated audit committee financial expert; timely Section 16 filings; no reported director legal integrity issues over the last decade .
- Watch items and potential alignment considerations:
- Minimal beneficial ownership (<1%; 666 options exercisable within 60 days) may limit direct equity alignment relative to larger director stakes, and 2024 director pay appears entirely cash-based (no stock or option awards in 2024), reducing at-risk, equity-linked incentives at the board level .
- Company-level related-party dynamics (Tekcapital loans) and a 22% control-share holder required board-level control-share voting measures in 2025; as an Audit and Nominating/Governance leader, Ms. Bartlett’s role in overseeing governance rigor around these areas remains a key focus for investors .
RED FLAGS explicitly tied to Ms. Bartlett: None disclosed (no related-party transactions, hedging/pledging, or attendance shortfalls were reported specific to her) .