David Bassett
ONE STOP SYSTEMSAbout David Bassett
Retired U.S. Army Lieutenant General (age 58) with a 35-year military career focused on large-scale acquisition, modernization, and technology programs; nominee to the OSS board in 2025. Education includes B.S. in Electrical Engineering and M.S. in Computer Science from the University of Virginia, plus graduate credentials from the Army Command and General Staff College and the Industrial College of the Armed Forces, distinguished graduate . Core credentials: led DCMA with 11,000+ personnel overseeing 250,000 contracts totaling $3.5 trillion, and prior leadership of Army PEO C3T and PEO GCS modernization efforts .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Defense Contract Management Agency (DCMA) | Director | 2020–2023 | Led 11,000+ personnel; oversight of 250,000 contracts; $3.5T total contract value . |
| U.S. Army PEO C3T | Program Executive Officer | Prior to DCMA (dates not specified) | Led tactical network modernization and acquisition priorities . |
| U.S. Army PEO Ground Combat Systems (GCS) | Program Executive Officer | Prior to PEO C3T | Led modernization of Abrams, Bradley, Stryker fleets . |
| U.S. Army PEO CS&CSS | Deputy Program Executive Officer | Prior assignment | Deputy leadership across combat support/service support portfolios . |
| Joint Program Office, Joint Light Tactical Vehicle (JLTV) | Program Manager | Prior assignment | Managed JLTV program execution . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| The Cohen Group | Senior Counselor | Current | Advises on business development, regulatory affairs, capital raising . |
| University of Virginia | Alumni | Historical | B.S. EE; M.S. CS . |
| Army Command & General Staff College; Industrial College of the Armed Forces | Graduate | Historical | Distinguished graduate of ICAF . |
Board Governance
- Status: Nominated for election to a six-member OSS board slate at the May 14, 2025 annual meeting; slate includes Bassett alongside Potashner, Knowles, Matz, Dumont, Herbets .
- Independence: The board affirms a majority independent composition; independence determinations are made under Nasdaq rules—Bassett’s independence will be determined upon (and if) election (current independent directors listed do not include Bassett) .
- Committees: Current committee chairs—Audit & Risk (Matz), Compensation (Herbets), Nominating & Corporate Governance (Messinger, resigning at the annual meeting); committee membership will likely be reconstituted post-meeting .
- Attendance: In 2024, each then-serving director attended at least 75% of board and committee meetings; Bassett was not on the board in 2024, so attendance is not applicable .
- Governance framework: Robust charters, annual board/committee evaluations, risk oversight through Audit & Risk, compensation risk assessment by Compensation, and annual governance policy review by Nominating & Corporate Governance .
Fixed Compensation
- OSS non-executive director cash fees (structure):
- Quarterly director fee: $9,329; Board Chair additional quarterly $3,110; Committee Chair additional quarterly $1,555 .
- 2024 director RSU awards (typical): RSU grants valued at $45,990 for each non-executive director who served during 2024; Bassett did not serve in 2024 so no grant reported for him .
| Component | Amount | Period | Notes |
|---|---|---|---|
| Director cash fee | $9,329 per quarter | Standard | Non-executive directors . |
| Board Chair incremental fee | $3,110 per quarter | Standard | For Board Chair . |
| Committee Chair incremental fee | $1,555 per quarter | Standard | Per committee chair . |
| Director RSU grant | $45,990 | 2024 | Typical RSU value for serving directors in 2024; not applicable to Bassett for 2024 . |
Performance Compensation
- No performance-based director compensation metrics disclosed (director equity awards are time-based RSUs; no PSU/TSR targets reported for directors) .
| Performance Metric | Target | Measurement Period | Outcome |
|---|---|---|---|
| Director-specific performance metrics (e.g., TSR percentile, EBITDA, ESG) | None disclosed | N/A | N/A . |
Other Directorships & Interlocks
- Public company boards: None disclosed for Bassett .
- Private/Advisory roles: Senior Counselor at The Cohen Group; no OSS-disclosed interlocks with OSS customers/suppliers and no related party transactions reported above $120,000 since Jan 1, 2023 .
Expertise & Qualifications
- Technical and acquisition expertise: Led DCMA and multiple Army PEOs (C3T, GCS), overseeing complex modernization and procurement programs .
- Leadership and risk management: Experience managing large organizations and enterprise-scale contracts; background suited to audit/risk and technology/defense oversight .
- Education: B.S. Electrical Engineering; M.S. Computer Science (University of Virginia); advanced military graduate studies .
Equity Ownership
- As of March 21, 2025 Record Date, Bassett is not listed among OSS directors/executives/5% holders for beneficial ownership; no reported shares, options, RSUs for Bassett in ownership tables .
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| David Bassett | Not disclosed | N/A | Not listed among directors/executives in the ownership table as of Record Date . |
Governance Assessment
- Board effectiveness signal: Bassett’s military acquisition background is tightly aligned with OSS’s strategic reprofiling toward defense markets; his oversight experience at DCMA (contracts scale and compliance) can strengthen ERM and procurement diligence .
- Independence/engagement: Independence will be evaluated post-election; 2024 attendance standards were met by serving directors; Bassett has no 2024 attendance record as he was not on the board .
- Compensation alignment: Director pay is modest, with balanced cash and time-based RSUs; no performance metrics for directors—neutral from pay-for-performance perspective; Bassett-specific compensation will follow standard structure if elected .
- Conflicts/related party exposure: No related party transactions reported; Audit & Risk Committee pre-approves RPTs under a formal policy; monitor any advisory engagements through The Cohen Group if counterparties overlap with OSS’s ecosystem (no disclosures indicating such today) .
- RED FLAGS: None disclosed specific to Bassett; no legal proceedings noted for directors in the past ten years; no pledging/hedging, tax gross-ups, option repricing, or Section 16 delinquencies disclosed .
Monitoring items for investors: post-election committee placements (Audit & Risk and/or Nominating could leverage his oversight skills) ; independence determination ; any Form 4 ownership updates after election .