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Reto Fierz

Independent Director at OSR Holdings
Board

About Reto Fierz

Reto Fierz (age 56) is a Swiss entrepreneur and executive with 25+ years in finance, institutional asset management, private equity/M&A, real estate, and digital assets; he holds an MBA from the University of Zürich and is a Swiss Certified Accountant . He was elected as an independent director of OSR Holdings at the September 17, 2025 annual meeting and is deemed independent under SEC and Nasdaq rules .

Past Roles

OrganizationRoleTenureCommittees/Impact
Rianta CapitalChief Financial OfficerNot disclosedSenior finance leadership
Swiss Finance & PropertyChief Financial OfficerNot disclosedSenior finance leadership
Ernst & YoungAudit and advisory rolesNot disclosedAudit/advisory experience
azemos partner agCEO and PartnerNot disclosedAsset management and real estate development

External Roles

OrganizationRoleStatus
DA Value GroupPartner and Co‑Founder (digital assets/DLT)Current
CROWDLITOKEN AGCo‑founder (regulated tokenized real estate security issuer)Prior leadership; co‑founder

Board Governance

  • Election and independence: Elected Sept 17, 2025 with 13,318,870 votes FOR vs 6,821 WITHHELD; Board and proxy designate him an independent director under SEC/Nasdaq standards .
  • Committee assignments: As of the FY 2024 10‑K (pre‑election), committee compositions were Audit (Jee, Lee, Park; chair Park), Compensation (Barberis, Mah, Sang Hyun Kim; chair Mah), and Corporate Governance & Nominating (Lee, Mah, Cho, Park, Jee; chair Lee). Post‑election committee assignments for Mr. Fierz were not disclosed .
  • Governance infrastructure: The Board adopted charters for Audit, Compensation, and Corporate Governance & Nominating committees, with responsibilities including auditor oversight, related‑party review, executive pay, and board evaluations .
  • Ownership concentration context: CEO Kuk Hyoun Hwang beneficially owns ~60.5% of outstanding shares as of Aug 15, 2025, indicating significant control—relevant to board effectiveness and independence dynamics .

Fixed Compensation

ComponentAmount/StatusPeriod
Cash annual retainer$0 (no officer or director compensation reported)FY 2024
Committee membership feesNot disclosedFY 2024
Committee chair feesNot disclosedFY 2024
Meeting feesNot disclosedFY 2024

The company was an emerging growth company with reduced compensation disclosures; however, the proxy states no compensation was paid to officers or directors in FY 2024 .

Performance Compensation

  • Equity plan capacity and eligibility: 6,300,000 shares reserved under the 2025 Omnibus Incentive Plan, with non‑employee directors eligible for RSUs or options; no awards were granted prior to the proxy filing date .
  • Vesting schedules and performance accelerators (apply to board members if granted):
Metric/TriggerRSU AccelerationOption AccelerationDefault Vesting
4‑year time‑based vestingN/AN/A1‑year cliff, then monthly vesting over 36 months
Business Development deal ≥ $300M (definitive agreement)30% of then‑unvested RSUs vest30% of then‑unvested options vestN/A
≥ $500M50% of then‑unvested RSUs vest50% of then‑unvested options vestN/A
≥ $750M75% of then‑unvested RSUs vest75% of then‑unvested options vestN/A
≥ $1B100% of then‑unvested RSUs vest100% of then‑unvested options vestN/A
Clawback/forfeitureSubject to company clawback/recoupment policies; unvested awards forfeited on terminationSubject to company clawback/recoupment policies; unvested awards forfeited on terminationN/A

Other Directorships & Interlocks

CompanyPublic/PrivateRolePotential Interlock/Conflict
DA Value GroupPrivatePartner & Co‑FounderNone disclosed with OSRH suppliers/customers
CROWDLITOKEN AGPrivateCo‑founderNone disclosed with OSRH suppliers/customers
azemos partner agPrivateCEO & PartnerNone disclosed with OSRH suppliers/customers

No current public company directorships or interlocks with OSRH counterparties were disclosed for Mr. Fierz .

Expertise & Qualifications

  • Technical/financial credentials: MBA (University of Zürich); Swiss Certified Accountant; CFO experience at Rianta Capital and Swiss Finance & Property; audit/advisory roles at Ernst & Young .
  • Domain experience: Institutional asset management, private equity/M&A, real estate, and digital assets/DLT—relevant for capital formation and transaction oversight .

Equity Ownership

ItemDetail
Beneficial ownership (shares)Not disclosed for Mr. Fierz in the Aug 15, 2025 table (he was a nominee; table lists directors/officers and >5% holders)
Ownership % of outstandingNot disclosed for Mr. Fierz
Vested vs unvestedNo director equity awards granted prior to filing date
Pledged sharesNo pledging by Mr. Fierz disclosed in DEF 14A/10‑K reviewed
Stock ownership guidelinesNot disclosed

Insider Trades

DateForm 4 EventSharesPriceNote
Not disclosedNo Form 4 insider transactions for Mr. Fierz identified in the proxy/10‑K documents reviewedN/AN/ANot disclosed in available filings

Governance Assessment

  • Board effectiveness and independence: Mr. Fierz adds deep finance, audit, and capital markets skills; independence is affirmed in the proxy. The company’s ownership concentration (CEO at ~60.5%) heightens the need for robust independent oversight, which his background supports .
  • Compensation alignment: The Omnibus Plan’s performance accelerators tie director equity vesting to large BD transactions (≥$300M to ≥$1B), which can align incentives with value‑creating deals while providing clear clawback/forfeiture safeguards; however, director award grants were not yet disclosed .
  • Conflicts/related‑party exposure: Filings disclose significant related‑party relationships involving BCM/BCME and legacy SPAC structures, reviewed via Audit Committee and special M&A Committee processes; no specific related‑party transactions or conflicts were disclosed for Mr. Fierz .
  • Investor confidence signals and risks: Shareholders approved an equity line with White Lion that could exceed 20% issuance, implying potential dilution and volatility; the board’s process and committee oversight are crucial. Mr. Fierz’s finance and audit pedigree is additive to risk oversight in this context .

Key Election Data

DirectorFOR VotesWITHHELDResult
Reto Fierz13,318,8706,821Elected

Note: Jin Whan Park and Phil Geon Lee were not elected, which may change committee compositions relative to the FY 2024 10‑K; post‑meeting committee appointments for Mr. Fierz were not disclosed .

RED FLAGS

  • Potential dilution from White Lion ELOC/warrants/convertible notes—approved by shareholders but may impact valuation and governance dynamics .
  • Ownership concentration with CEO (~60.5% of common), necessitating strong independent director engagement .
  • Historical Nasdaq compliance challenges noted in 10‑K tied to committee composition earlier in 2024; monitoring post‑election governance refresh is prudent .