Greg Zeeman
About Greg Zeeman
Independent director of OppFi since July 20, 2021; age 56. Former CEO of Libra Solutions (f/k/a Oasis Financial) from May 2019 to February 2023; prior COO at Enova International; earlier roles at HSBC including COO of HSBC North America Holdings and Deputy CEO of HSBC Singapore. BA in Economics and Political Science (UNC Chapel Hill) and MBA (Harvard). Designated by the Board as an Audit Committee Financial Expert.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Libra Solutions (f/k/a Oasis Financial) | Chief Executive Officer | May 2019 – Feb 2023 | Led specialty finance company focused on legal finance |
| Enova International | Chief Operating Officer | Prior to 2019 (date not specified) | Executive operating leadership |
| HSBC | COO, HSBC North America Holdings; Deputy CEO, HSBC Singapore | Prior to Enova (dates not specified) | Global banking operations leadership |
External Roles
| Organization | Role | Status/Notes |
|---|---|---|
| Daniel Murphy Scholarship Fund (non-profit) | Board Member | Ongoing; philanthropic engagement |
Board Governance
- Committees: Chair, Audit Committee; Member, Compensation Committee. The Board determined he is NYSE Independent, Audit Committee Independent, and Compensation Committee Independent. He is designated an Audit Committee Financial Expert.
- Meeting cadence (2024): Board met 6 times; Audit Committee met 5 times; Compensation Committee met 4 times; Nominating & Corporate Governance met once.
- Engagement: All directors attended the 2024 annual meeting of stockholders; executive sessions of non-management/independent directors held regularly, led by the Lead Director.
- Board leadership and structure: Company is a “controlled company” under NYSE rules; SCG Holders beneficially owned ~71.5% of combined voting power as of the record date, enabling exemptions from certain independence requirements (though Audit Committee meets SEC/NYSE independence requirements).
- Nomination rights: Under the Investor Rights Agreement, SCG Holders’ Representative has rights to nominate a majority of directors (and a majority of each committee while controlled company status applies), with Zeeman initially selected as the additional NYSE Independent director.
Fixed Compensation
| Component | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash (retainers/meeting fees) – Zeeman | $80,500 | $80,500 |
| Equity (RSU grant-date fair value) – Zeeman | $150,000 | $150,000 |
| Total – Zeeman | $230,500 | $230,500 |
Director Compensation Program (structure):
- Annual Board cash retainer: $50,000; Audit Committee chair retainer: $22,500; Compensation Committee member retainer: $8,000. Lead Director retainer: $25,000 (not applicable to Zeeman).
Performance Compensation
| Equity Vehicle | Grant Value | Vesting | Performance Metrics |
|---|---|---|---|
| RSUs (annual equity retainer) | $150,000 per year | Vest on the earlier of 1-year from grant or the next annual meeting, subject to continued service | None disclosed (time-based only) |
No director performance-vesting metrics (e.g., revenue, EBITDA, TSR) are disclosed for non-employee director pay; awards are time-based RSUs.
Other Directorships & Interlocks
- Compensation Committee interlocks: None reported (no OppFi officer served on another company’s comp committee where an OppFi officer served as a director, and vice versa).
Expertise & Qualifications
- Audit and finance oversight: Audit Committee chair; Board-designated Audit Committee Financial Expert under Item 401(h) of Regulation S-K.
- Specialty finance and risk: CEO experience in specialty finance; prior COO roles at Enova and HSBC with operational and risk oversight.
- Independence: Determined NYSE Independent, Audit Committee Independent, and Compensation Committee Independent.
Equity Ownership
| As-of Record Date | Shares Beneficially Owned | % of Outstanding | Breakdown/Notes |
|---|---|---|---|
| April 9, 2024 | 137,409 | <1% | As disclosed under directors/execs table. |
| April 14, 2025 | 186,737 | <1% | Comprised of 137,409 Class A shares and 49,328 RSUs vesting within 60 days of the record date. |
Additional alignment policies:
- Anti-hedging: Directors, officers, and employees are prohibited from hedging (e.g., options, derivatives, forward sale contracts) in Company securities.
Governance Assessment
- Positives:
- Independent director designated as Audit Committee Financial Expert and serving as Audit Chair; strong oversight of financial reporting, compliance, cybersecurity, and related-party transaction approval.
- Clear ownership alignment via annual time-based RSU grants; anti-hedging policy prohibits hedging/monetization of stock.
- Engagement signals: all directors attended the 2024 annual stockholder meeting; regular executive sessions led by the Lead Director.
- Risks/Watch items:
- Controlled company status: SCG Holders’ high voting control (~71.5%) and nomination rights reduce the proportion of independent directors on the full Board and certain committees (other than Audit), a structural governance risk for minority investors.
- Section 16 compliance: Zeeman (and several directors) filed a late Form 4 in November 2024 for a June 2024 transaction; while remedied, timeliness is a minor compliance flag to monitor.
Related-party transactions disclosed for 2023–2024 do not list Mr. Zeeman; Audit Committee is responsible for pre-approval of reportable related-person transactions.