Christina C. Correia
About Christina C. Correia
Independent Class I director at Ouster since November 2024; age 55. Currently Group Vice President, Chief Accounting Officer and Business Finance at Lam Research (Nasdaq: LRCX) since May 2024, with prior senior roles in finance, investor relations and corporate communications at Lam since 2002; earlier career at BroadVision and KPMG. Licensed CPA (California) with a B.S. in Business Administration from UC Berkeley; designated audit committee financial expert at Ouster .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lam Research | Group VP, Chief Accounting Officer & Business Finance | May 2024–present | Senior finance leadership |
| Lam Research | Corporate VP, Chief Accounting Officer & Business Finance | Oct 2023–May 2024 | Accounting and finance oversight |
| Lam Research | Corporate VP, Chief Accounting Officer, Investor Relations & Corporate Finance | Mar 2023–Oct 2023 | IR and corporate finance leadership |
| Lam Research | Corporate VP, Investor Relations & Corporate Finance | Apr 2020–Mar 2023 | IR, capital markets comms |
| Lam Research | Corporate VP, Investor Relations & Corporate Communications | Sep 2018–Apr 2020 | External communications |
| BroadVision | VP & Corporate Controller; other senior finance roles | Sep 1999–Nov 2002 | Finance leadership |
| KPMG LLP | Assurance practice (technology clients) | Sep 1992–Sep 1999 | Audit/assurance |
External Roles
| Organization | Role | Public/Private | Tenure |
|---|---|---|---|
| Lam Research | Group VP, Chief Accounting Officer & Business Finance | Public | May 2024–present |
No other public company directorships disclosed for Ms. Correia .
Board Governance
- Board independence: Ouster Board affirmed Correia is independent under Nasdaq rules .
- Committee assignments: Audit Committee member; Audit Committee met 5 times in FY2024. The committee comprises Ernest E. Maddock (Chair), Stephen A. Skaggs, and Christina C. Correia; all three are “audit committee financial experts” and financially literate .
- Attendance: In FY2024, each incumbent director attended at least 75% of Board and applicable committee meetings; Board held 9 meetings. Correia joined in November 2024; specific individual attendance percentages are not separately disclosed .
- Executive sessions: Independent directors meet in regularly scheduled executive sessions, chaired by the independent Board Chair .
- Board leadership: Independent Chair (Theodore L. Tewksbury) and a Vice Chair; roles separated from CEO .
Fixed Compensation
| Component | Amount/Terms | FY2024 Actuals |
|---|---|---|
| Annual cash retainer (non-employee director) | $40,000 per year program rate | $7,880 for 2024 (partial year) |
| Audit Committee member fee | $10,000 per year (non-chair) | Included in FY2024 fees total |
| Meeting fees | None disclosed | Not disclosed |
| Chair/Lead/Vice Chair retainers | $60,000 (Chair); $60,000 (Lead/Vice Chair) | Not applicable to Correia |
Performance Compensation
| Equity Award | Grant Mechanics | Vesting | FY2024 Value |
|---|---|---|---|
| Initial RSU on appointment | $300,000 divided by FMV; vests quarterly over 3 years | Equal quarterly installments over 3 years | Included in 2024 stock awards |
| Prorated RSU to next AGM | $175,000 × (full months to next AGM / 12) divided by FMV; vests quarterly to next AGM | Equal quarterly installments through next annual meeting | Included in 2024 stock awards |
| Annual RSU at AGM | $175,000 divided by FMV; vests quarterly to next AGM | Equal quarterly installments to next annual meeting | N/A in 2024 (appointment Nov 2024) |
| FY2024 stock awards (total) | Grant-date fair value | — | $409,831 |
| Change-in-control treatment | All RSUs and equity awards for non-employee directors vest immediately prior to a change in control | Immediate vesting on CIC | Policy disclosure |
Ouster has not granted stock options to service providers since 2021; director equity is RSUs/stock awards, not options .
Other Directorships & Interlocks
| Company | Role | Interlock/Relationship |
|---|---|---|
| None disclosed beyond Ouster | — | No related-person transactions involving Correia disclosed . |
Expertise & Qualifications
- Financial expert: Designated “audit committee financial expert”; CPA licensed in California .
- Deep finance leadership: Over two decades at Lam in accounting, IR, corporate finance, and communications .
- Education: B.S. in Business Administration, UC Berkeley .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares) | 14,607 (includes 7,303 common + 7,304 RSUs vesting within 60 days of Apr 10, 2025) |
| Ownership % of shares outstanding | <1% (“*”) |
| Unvested RSUs outstanding (12/31/2024) | 58,132 RSUs |
| Anti-hedging policy | Hedging and derivative transactions prohibited for directors/officers/employees |
| Clawback policy | Compliant with SEC/Nasdaq; clawback of certain incentive-based compensation upon restatements |
Governance Assessment
- Board effectiveness: Correia’s audit expertise strengthens oversight, particularly as the Audit Committee actively monitored remediation of previously reported material weaknesses; management remediated ITGC-related weaknesses in 2023 and certain period-end reporting components in 2024, with no new material weaknesses identified for FY2024, and continued remediation plan in place .
- Independence and alignment: Confirmed independent; significant equity-based director compensation via initial RSUs and ongoing annual RSUs aligns incentives with shareholders. Directors may elect cash retainer conversion to RSUs; while Correia’s 2024 cash fees were modest due to partial year, her equity grants constituted the majority of 2024 director compensation .
- Compensation governance: Compensation Committee (independent) engages Semler Brossy as compensation consultant; committee independence and no consultant conflicts disclosed .
- Shareholder sentiment: Say-on-pay received ~98% approval at the 2024 annual meeting, signaling strong investor support for compensation practices .
- Conflicts/related-party risk: No related-person transactions involving Correia disclosed; registration rights pertain to legacy holders and expire March 2026, not director-specific .
- RED FLAGS: None specific to Correia disclosed. Notable governance provisions include immediate vesting of director RSUs upon change-in-control (common but increases entrenchment optics), and prior company material weaknesses (under remediation), requiring continued vigilant audit oversight .
Attendance note: Ouster reports all incumbent directors met at least 75% attendance in FY2024; Correia joined in November 2024 and is not separately quantified .
Insider filings: The proxy identifies late Section 16 filings for several individuals in FY2024; Correia is not listed among late filers, indicating timely reporting for her transactions/holdings .