John Schraudenbach
About John F. Schraudenbach
John F. Schraudenbach (age 65) has served on ONEW’s Board since the IPO and as Chairman of the Board since 2023. He is a partner at The Goodwin Group (executive retained search), previously spent 37 years at Ernst & Young until retiring in June 2019, holds Bachelor’s and Master’s degrees in Accounting from the University of Georgia, and is a Certified Public Accountant (inactive). The Board cites his substantial financial and business expertise; he is classified as an independent director under Nasdaq and SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ernst & Young | Various positions culminating in senior leadership | 37 years; retired June 2019 | Board credits “substantial financial and business expertise” |
| ONEW Board | Director; Chairman of the Board | Director since 2020; Chair since 2023 | Presides over independent director executive sessions; liaison to management |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Proficient Auto Logistics, Inc. (NASDAQ: PAL) | Director | Current as of 2025 | Public company board experience |
| Printpack, Inc. (private) | Director | Current as of 2025 | Packaging industry board role |
| University of Georgia Foundation | Board member | Current as of 2025 | Civic/nonprofit governance |
| The Goodwin Group | Partner | Current as of 2025 | Executive retained search expertise |
Board Governance
| Item | Detail |
|---|---|
| Board leadership | Separate Chair and CEO; Schraudenbach is non-executive Chair |
| Independence | Schraudenbach determined independent by Board under Nasdaq/SEC rules |
| Committees | Nominating & Governance Committee member; not listed on Audit or Compensation |
| Committee chair roles | Nominating & Governance chaired by Bodine (Schraudenbach member) |
| Executive sessions | Independent directors “regularly meet” in executive session; Chair presides |
| Meetings/attendance | Board met 7 times in FY ended Sep 30, 2024; each director attended ≥75% of aggregate Board/committee meetings; all directors at 2024 annual meeting |
Fixed Compensation
| Component (FY ended Sep 30, 2024) | Amount |
|---|---|
| Fees earned or paid in cash (Schraudenbach) | $155,000 |
| Annual cash retainer (policy) | $75,000 |
| Non-Executive Chair retainer (policy) | $80,000 |
| Audit Committee Chair retainer (policy) | $25,000 |
| Compensation Committee Chair retainer (policy) | $20,000 |
| Governance Committee Chair retainer (policy) | $20,000 |
| Perquisites | Discounts and demo boats; no reportable cost in FY2024 |
Notes:
- Schraudenbach’s $155,000 cash total reflects base retainer ($75,000) plus Non-Executive Chair retainer ($80,000) .
Performance Compensation
| Equity Award (FY ended Sep 30, 2024) | Grant Date | RSUs (Count) | Grant Date Fair Value | Vesting | Status at 9/30/24 |
|---|---|---|---|---|---|
| Director RSU grant (time-based) | Oct 1, 2023 | 4,880 | $125,000 | Vests in full one year after grant (Oct 1, 2024) | 4,880 unvested RSUs held as of 9/30/24 |
Performance metrics tied to director compensation:
- None disclosed; director RSUs are time-based (no performance conditions) .
Other Directorships & Interlocks
| Company | Relationship to ONEW | Potential Interlocks/Conflict Notes |
|---|---|---|
| Proficient Auto Logistics (PAL) | Unrelated auto hauling industry | No ONEW-related transactions disclosed in proxy |
| Printpack, Inc. | Unrelated packaging manufacturer | No ONEW-related transactions disclosed in proxy |
| The Goodwin Group | Executive search | Company reported paying no third-party fees to identify/evaluate director nominees for the 2025 meeting, mitigating search-firm conflict concerns |
Expertise & Qualifications
- Financial/accounting acumen; CPA (inactive); Board matrix flags financial/accounting capability .
- Extensive operational and leadership experience; public company board experience .
- Governance leadership as independent Chair, presiding over executive sessions .
Equity Ownership
| Item | Value |
|---|---|
| Shares of Class A common stock beneficially owned (as of Jan 2, 2025) | 29,232 |
| Ownership as % of shares outstanding | <1% of Class A; <1% voting power (Class A and B together) |
| Unvested RSUs (as of Sep 30, 2024) | 4,880 (vested Oct 1, 2024) |
| Director stock ownership guidelines | Required holdings: $225k within 5 years; $300k within 6 years; $375k (or 5x base retainer) within 7 years of joining the Board |
Governance Assessment
-
Strengths
- Independent, non-executive Chair with authority to convene and preside over independent director executive sessions, supporting robust oversight of management .
- Member of the Nominating & Governance Committee, which oversees director compensation, related-party transaction approvals, succession planning, and Board performance evaluations—key governance levers for investor confidence .
- Strong financial/accounting background (CPA, E&Y 37 years), aligning with Board matrix emphasis on financial acumen .
-
Alignment and incentives
- Balanced director compensation mix with meaningful equity grant ($125,000 RSUs; time-based vesting), aligning director interests with shareholders; cash reflects Chair responsibilities ($155,000 cash including $80,000 Chair retainer) .
-
Independence and engagement
- Board determined Schraudenbach independent; Board met 7 times with directors attending ≥75% and full annual meeting attendance, indicating engagement .
-
Conflicts and related-party exposure
- Related-party transactions disclosed in FY2024 involve leases and guarantees tied to Bos and Singleton; no transactions listed involving Schraudenbach .
- Potential search-firm conflict mitigated by disclosure that the Company did not pay third-party fees to identify/evaluate nominees for the 2025 meeting .
-
Red flags
- None explicitly disclosed for Schraudenbach in the 2025 proxy regarding related-party transactions, hedging/pledging, or attendance shortfalls. Monitor ongoing director equity ownership guideline compliance timelines (7-year threshold by 2027 for 2020 appointees) .