Marc Stoll
About Marc F. Stoll
Independent Class II director at Owlet (since August 2023; age 54). Currently Chief Financial Officer of Reliable Robotics Corporation (since May 2025). Former Investment Partner at Eclipse (Feb 2023–Apr 2025), President & COO at Nextiva (2019–2023), CFO at Anaplan (2014–2015), and VP Worldwide Sales Finance at Apple (2008–2013). MBA, University of Chicago Booth; BSEE, Michigan Technological University . The Board deems him independent under NYSE rules; he serves on the Audit Committee and is designated an “audit committee financial expert.” In 2024 he attended at least 75% of Board and committee meetings .
Past Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| Reliable Robotics Corporation | Chief Financial Officer | May 2025–present | Aviation automation technology company CFO |
| Eclipse (venture firm) | Investment Partner | Feb 2023–Apr 2025 | Affiliation relevant to Eclipse’s nominee rights at Owlet |
| Nextiva | President & Chief Operating Officer | Apr 2019–Jan 2023 | Private telephone/technology service company |
| Anaplan | Chief Financial Officer | Sep 2014–Mar 2015 | Business planning software company (then private) |
| Apple Inc. | VP, Worldwide Sales Finance | Aug 2008–Jul 2013 | Senior finance leadership at large-cap tech |
| CA, Inc.; Julius Baer Investment Management | SVP & Corporate Controller; Head of Technology Equity Research | Earlier career | Public company controller; buyside research lead |
External Roles
| Organization | Relationship | Evidence |
|---|---|---|
| Eclipse Ventures | Affiliated; Eclipse holds significant Owlet stakes and has director nomination rights. Messrs. Susan and Stoll serve as Eclipse director nominees at Owlet per A&R Stockholders Agreement . | |
| Other boards (unspecified) | “Served on the board of directors of a number of public and private companies” (names not listed) |
Board Governance
- Committee assignments: Audit Committee member; not a chair. Compensation and Nominating committees do not include Stoll .
- Audit expertise: The Board determined Stoll qualifies as an “audit committee financial expert”; all Audit Committee members independent and financially literate .
- Independence: Board classified Stoll as independent under NYSE rules (7 of 8 directors independent) .
- Attendance: In 2024, each incumbent director attended at least 75% of Board and committee meetings; Board met 6x; Audit 5x; Compensation 4x; Nominating 4x .
- Board leadership: Chair was Lior Susan (independent); on Aug 5, 2025 the CEO announced a transition to Executive Chairman effective Oct 1, 2025 (leadership structure change) .
| Committee | Role | Independent | Audit Financial Expert |
|---|---|---|---|
| Audit | Member | Yes | Yes |
Fixed Compensation (Director)
- Program terms (non-employee directors unaffiliated with institutional investors): Annual Board cash retainer $50,000; Audit Chair additional $32,500; directors may elect cash and/or RSUs for fees; continuing directors also receive an annual RSU grant valued at $150,000 (divided by 30-trading-day average price). In 2024, annual RSUs vested immediately (exception) .
| 2024 Director Compensation (USD) | Fees Earned | Stock Awards | Total |
|---|---|---|---|
| Marc F. Stoll | $12,500 | $0 | $12,500 |
- Eligibility timing: Stoll became eligible to participate in the director compensation program on Oct 1, 2024; he did not receive an initial RSU upon eligibility .
Performance Compensation (Director)
- No performance-based director compensation disclosed; director equity compensation consists of time-based RSUs under the non-employee director program (annual RSU grant formula noted above) .
Other Directorships & Interlocks
- Eclipse interlock and nomination: Eclipse retains enhanced nomination rights; Stoll serves as an Eclipse nominee director, alongside Eclipse Managing Partner and Owlet Chair Lior Susan .
- 2025 Warrant Exchange (related-party context): A Special Committee of independent directors (Durr, Burke, Gonzales) led negotiations on an exchange of Series A/B Warrants for shares. Stoll initially named to the committee but resigned due to professional relationships with Eclipse. The process included independent legal (Potter Anderson) and financial (William Blair) advisors, a 180-day lockup for exchange shares, and was conditioned on stockholder approval under NYSE rules . Eclipse and other “Related Holders” (including insiders) participated; Eclipse would receive 3,898,906 shares upon exchange; lockup 180 days .
Expertise & Qualifications
- Financial leadership: Former CFO (Anaplan) and current CFO (Reliable Robotics); senior finance roles at Apple and CA, Inc. .
- Board designation: Audit Committee Financial Expert; independent director .
- Education: MBA (Chicago Booth), BSEE (Michigan Tech) .
Equity Ownership
| Security | Beneficial Ownership | Notes |
|---|---|---|
| Class A Common Stock | — (none reported) | Table lists “—” for Stoll’s holdings (less than 1% and no reported shares) . |
| Series A Preferred | — | — |
| Series B Preferred | — | — |
- Hedging/pledging: Owlet’s Insider Trading Compliance Policy prohibits hedging transactions (e.g., collars, prepaid forwards, swaps). No pledging by directors is disclosed in the proxy .
Governance Assessment
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Positives
- Independence and expertise: Classified independent; Audit Committee member; designated audit committee financial expert, enhancing financial oversight .
- Process discipline on conflicts: Resigned from the 2025 Special Committee due to Eclipse ties; the Special Committee of disinterested directors retained independent advisors and structured lockups, securing stockholder approval conditions under NYSE rules—robust mitigation of conflicts .
- Attendance and engagement: Met ≥75% attendance threshold; board and committees met regularly in 2024 .
- Policy framework: Anti-hedging policy and an NYSE-compliant clawback policy are in place (no recoveries required for immaterial cash flow classification corrections) .
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Concerns / Watch items
- Significant stockholder affiliation: Stoll is an Eclipse nominee; Eclipse is a major holder with special nomination rights, and its interests were party to the 2025 warrant exchange. This necessitates continued vigilance on recusals and Special Committee use for related-party matters .
- Limited personal share ownership: No reported beneficial ownership may signal limited direct alignment; the director program does include annual RSU grants to align future compensation with shareholder outcomes .
- Leadership concentration shift: CEO transition to Executive Chairman (effective Oct 1, 2025) changes board leadership dynamics; monitor independence and oversight balance post-transition .
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Net view: Stoll brings deep finance and operating credentials and strengthens audit oversight. His Eclipse affiliation is a structural governance consideration; Owlet’s use of independent committees and advisors, as evidenced in 2025, is an important counterbalance that should continue for any transaction involving significant holders or potential conflicts .