Kristopher Wright
LiveOneAbout Kristopher Wright
Kristopher Wright, age 50, has served as an independent director of LiveOne, Inc. (LVO) since May 21, 2021. He is Vice President of Nike Global Men’s Footwear Lifestyle Product, with more than 20 years of leadership in consumer products; prior roles include senior management at Converse, Jordan, and Reebok. He holds a B.A. in marketing and business administration from Clark Atlanta University and is recognized for brand and distribution expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Nike | Vice President, Global Men’s Footwear Lifestyle Product | Has spent the past 10 years at Nike | Senior leadership in product and brand strategy |
| Converse | Senior Management | Not disclosed | Brand and distribution experience |
| Jordan | Senior Management | Not disclosed | Brand and distribution experience |
| Reebok | Senior Management | Not disclosed | Brand and distribution experience |
| Jhung Yuro (luxury footwear brand) | Founder, CEO | Not disclosed; Headgear acquired 50% stake in 2008 | Led sourcing, marketing, distribution/merchandising |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Executive Leadership Council | Appointed member | Not disclosed | National org of Black CEOs/senior executives |
| Southwestern Athletic Conference (SWAC) | Advisory Board of Directors | Not disclosed | Advisory position |
| Public company directorships | None disclosed | — | No other public boards listed |
Board Governance
- Independence: The board determined Wright qualifies as an independent director under Nasdaq Rule 5605(a)(2) and SEC rules .
- Committees: Member, Nominating Committee; not listed on Audit or Compensation Committees in FY2025 committee roster .
- Nominating Committee activity: Acted solely by unanimous written consent in FY2025; responsibilities include identifying and screening director candidates, nominations, board composition assessment, and oversight of board performance .
- Attendance: All incumbent directors attended >75% of board and committee meetings in FY2025, except Mr. Solomon; Wright exceeded the 75% threshold .
- Executive sessions: Mr. Krigsman informally designated to preside over executive sessions of non-management directors .
- Audit Committee update: On Sept 5, 2025, Jay Krigsman was appointed Audit Committee Chair; board deemed him independent .
Fixed Compensation
- Structure: Independent directors receive annual RSU grants worth $90,000; additional RSUs for committee service: Audit members $10,000, Audit Chair +$15,000; Compensation members $5,000, Compensation Chair +$10,000; Nominating Committee members receive no additional compensation .
- FY2025 director compensation for Wright (equity only; no cash fees): Stock awards fair value $81,974 (ASC 718); RSUs for Oct 1, 2023–Sept 30, 2024 were priced at $1.57 and vested Oct 31, 2024, with director-specific grant fair value of $43,265 attributable to that period .
| Director Compensation | FY 2025 |
|---|---|
| Fees earned or paid in cash ($) | — |
| Stock awards fair value ($) | 81,974 |
| Option awards ($) | — |
| Total ($) | 81,974 |
| Compensation Structure Elements | Amount |
|---|---|
| Annual RSU grant (baseline) | $90,000 |
| Audit Committee member (RSUs) | $10,000 |
| Audit Committee chair (additional RSUs) | $15,000 |
| Compensation Committee member (RSUs) | $5,000 |
| Compensation Committee chair (additional RSUs) | $10,000 |
| Nominating Committee member (additional pay) | None |
Notes:
- FY2025 board compensation was delivered in RSUs; no per-meeting fees; the board expects a 2026 review with a compensation consultant and may introduce cash elements .
Performance Compensation
- For directors: No performance-based compensation disclosed; director equity grants (RSUs) are time-based and not tied to specific performance metrics .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None disclosed |
| Private/non-profit/academic | ELC member; SWAC Advisory Board |
| Interlocks with competitors/suppliers/customers | None disclosed; no related-party transactions involving Wright reported |
Expertise & Qualifications
- Brand strategy, distribution, and consumer product leadership over 20+ years .
- Board-quality skills cited include marketing, brand awareness, distribution strategies, and diversity of viewpoints and experiences .
Equity Ownership
| Metric | As of Record Date (July 14, 2025) |
|---|---|
| Total beneficial ownership (shares) | 155,050 |
| Ownership as % of shares outstanding | <1% (denoted “*” in table) |
| Vested RSUs (granted in 2024) | 60,510 |
| Director stock options (vested) | 25,000 (each director) |
| Pledging/Hedging | Company policy prohibits hedging and pledging without preapproval |
Governance Assessment
- Strengths: Independent status; >75% meeting attendance; compensation delivered entirely in equity RSUs (time-based) with no cash retainers, aligning director pay with shareholder value; formal policies against hedging and pledging .
- Areas to monitor: Nominating Committee acted only by unanimous written consent in FY2025 (limited formal meeting cadence); overall board met only twice in FY2025; Audit Committee chair vacancy was filled only in Sept 2025 amid Nasdaq compliance pressures, indicating evolving committee governance .
- Conflicts: No related-party transactions or disclosed conflicts involving Wright; his external employment at Nike is disclosed, with no LVO–Nike transactions reported .
Red flags: None specific to Wright disclosed; company-level risks noted include Nasdaq bid-price deficiency and prior audit committee composition cure requirement, which the board addressed subsequently; monitor committee engagement and compensation policy evolution .