William Denkin
About William Denkin
William Denkin, 58, is an independent director of Maywood Acquisition Corp. (MAYA), appointed on September 11, 2025; he also serves on the Audit Committee . He has been retired since April 2019 managing personal investments, following senior roles as Managing Director at Cowen & Company (2016–2019) and CRT Capital Group (1994–2016), and began his career as a trader at Shearson Lehman (1989–1991). Denkin holds an MBA from Columbia Business School and a BS in Economics from Colgate University; he is currently a director of Inflection Point Acquisition Corp. III .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cowen and Company | Managing Director | Apr 2016 – Apr 2019 | Investment banking/trading leadership |
| CRT Capital Group (f/k/a Credit Research Trading) | Managing Director | Jun 1994 – Apr 2016 | Trading and financial services leadership |
| Shearson Lehman | Trader | 1989 – 1991 | Early-career trading experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Inflection Point Acquisition Corp. III | Director | Current | Not disclosed |
Board Governance
- Appointment and independence: Elected by the sole holder of Class B shares on September 11, 2025; no votes against or withheld; listed as “Director (Independent, also member of Audit Committee)” .
- Committees: Audit Committee member (committee must meet at least quarterly and include at least one financial expert per Articles) .
- Indemnification: Entered into a new D&O indemnification agreement upon appointment .
- Voting rights context: Prior to a business combination, only Class B holders may appoint/remove directors (Class A has no such rights) .
- Related-party oversight: Audit Committee charged with reviewing related party transactions and monitoring IPO compliance .
| Governance Attribute | Status |
|---|---|
| Independence | Independent director |
| Date Appointed | Sept 11, 2025 |
| Committee Assignments | Audit Committee member |
| Lead Independent Director | Not disclosed |
| Board/Committee Attendance | Not disclosed |
Fixed Compensation
SPAC framework indicates no cash compensation to directors before initial business combination; only expense reimbursements and limited pre-combination payments (outside the trust) reviewed quarterly by the Audit Committee .
| Component | Amount/Terms |
|---|---|
| Annual cash retainer | $0 (no cash compensation prior to business combination) |
| Meeting fees | Not disclosed (no cash compensation program disclosed) |
| Committee membership fees | Not disclosed |
| Committee chair fees | Not disclosed |
| Expense reimbursements | Permitted; unlimited reimbursement for out-of-pocket expenses pre-combination; reviewed quarterly by Audit Committee |
Performance Compensation
No equity grants (RSUs/PSUs/options) or performance-based director compensation are disclosed prior to business combination; company adopted a clawback policy compliant with Nasdaq/Dodd-Frank .
| Metric/Instrument | Terms |
|---|---|
| RSUs/PSUs | None disclosed |
| Stock options | None disclosed |
| Performance metrics (TSR, revenue, EBITDA, ESG) | Not used/not disclosed for director compensation |
| Clawback policy | Adopted (Nasdaq/Dodd-Frank compliant) |
| Vesting schedules | Not applicable (no awards disclosed) |
Other Directorships & Interlocks
| Company | Role | Committee/Notes | Potential Interlock |
|---|---|---|---|
| Inflection Point Acquisition Corp. III | Director | Not disclosed | Inflection Point Fund I LP is the New Sponsor of MAYA; Denkin’s role at another Inflection Point SPAC creates franchise interlock context |
Context: On September 12, 2025, the Prior Sponsor transferred a portion of Class B shares and the Sponsor Loan to Inflection Point Fund I LP (New Sponsor), concurrently effecting management/board changes, including Denkin’s appointment .
Expertise & Qualifications
- Deep investment, trading, and financial services experience across Cowen and CRT Capital Group .
- MBA (Columbia Business School), BS Economics (Colgate University) .
- SPAC board experience (Inflection Point III), indicating familiarity with de-SPAC processes and capital market transactions .
- Audit Committee service at MAYA; Articles require the committee meet quarterly and include at least one financial expert (designation of Denkin as “financial expert” is not disclosed) .
Equity Ownership
| Holder | Class A Shares Beneficially Owned | % of Class A | Class B Shares Beneficially Owned | % of Class B | Approximate % of Outstanding Ordinary Shares |
|---|---|---|---|---|---|
| William Denkin | — | 0.0% | — | 0.0% | 0.0% |
Basis: 14,928,125 Ordinary Shares outstanding at Record Date (13,938,125 Class A; 990,000 Class B) .
Governance Assessment
-
Strengths:
- Independence and Audit Committee membership bolster oversight of financial reporting and related-party transactions; Articles mandate quarterly audit meetings and related-party review .
- No director equity ownership or pay prior to business combination reduces immediate pay-for-performance misalignment risks typical of cash retainers; clawback policy adopted at the company level .
-
Watch items / RED FLAGS:
- 0% beneficial ownership may reduce “skin-in-the-game” alignment for a SPAC director; no ownership guidelines disclosed .
- Cross-SPAC interlock: Denkin’s board role at Inflection Point III while MAYA’s New Sponsor is an affiliate of Inflection Point Asset Management could create perceived conflicts or information flow concerns if target searches overlap across affiliated SPACs (fact: role and sponsor change; company mitigates via Audit Committee related-party review) .
- Pre-combination payments to sponsors/affiliates (consulting/success/finder fees, office reimbursements) are permitted from funds outside the trust and reviewed quarterly by the Audit Committee; transparency and rigorous audit oversight are key to investor confidence .
- Indemnification agreements are standard but may limit personal liability; ensure robust internal controls and audit committee independence to offset moral hazard .
-
Engagement/tenure signals:
- Appointed Sept 11, 2025 via Class B holder election; no votes against; committee membership indicates initial engagement focus on audit matters. Attendance rates and chair roles are not disclosed .
-
Summary implications:
- Denkin brings seasoned trading and financial services expertise aligned with audit oversight needs. The absence of disclosed ownership and cross-franchise SPAC ties warrant continued monitoring of related-party processes, committee rigor, and transparency during target evaluation and business combination execution .