Clyde C. Tuggle
OXFORD INDUSTRIESAbout Clyde C. Tuggle
Clyde C. Tuggle (age 64) has served as an independent director of Oxford Industries since 2011. He is President and CEO of InVeris Training Solutions, co‑founder of Pine Island Capital Partners, and spent 30 years at The Coca‑Cola Company culminating as SVP, Chief Global Public Affairs & Communications (2009–2017) and Senior Advisor to the CEO (2017–2018). He also serves on the Board of Georgia Power Company, bringing brand management, investor relations, and public communications expertise to OXM’s Board and Audit Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Coca‑Cola Company | SVP, Chief Global Public Affairs & Communications | 2009–2017 | Oversight of investor relations and public communications; executive management experience supporting audit oversight |
| The Coca‑Cola Company | Senior Advisor to the CEO | 2017–2018 | Senior advisory role with strategic communications insight |
| The Coca‑Cola Company | Executive Assistant (Chief of Staff) to the CEO; Deputy Division President, Central Europe; President of Russia/Ukraine/Belarus Division; SVP, Worldwide Public Affairs & Communication | Various (30‑year career) | Global operating, regulatory, and communications leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| InVeris Training Solutions, Inc. | President & CEO | Current | Leadership of training solutions firm |
| Pine Island Capital Partners | Co‑founder | Current | Middle‑market private equity; governance/transaction experience |
| Georgia Power Company | Director | Current | Utility board oversight; risk and governance relevance |
Board Governance
- Classification and Independence: Class I director with term expiring in 2026; Board affirmed nine non‑employee directors (including Tuggle) are independent as of March 2025 .
- Committee Assignments: Audit Committee member and Finance Committee member; not a chair .
- Attendance and Engagement: In fiscal 2024, the Board held 4 meetings and committees held 7; each director attended >75% of Board and committee meetings and all current directors attended the 2024 annual meeting .
- Committee Activity Levels: Fiscal 2024 meetings—Audit (4), NC&G (3), Finance (0 initial year); actions by written consent—Audit (1), NC&G (2) .
- Board Leadership: Lead Independent Director is E. Jenner Wood III; non‑employee directors meet in executive session chaired by the lead director .
Fixed Compensation
| Component (Fiscal 2024 Program) | Amount | Notes |
|---|---|---|
| Annual cash retainer (non‑employee director) | $75,000 | Paid quarterly; option to receive as restricted stock |
| Annual stock retainer (restricted stock) | $125,000 grant‑date fair value | Time‑vesting, generally coinciding with one year of service |
| Committee chair cash retainer | $20,000 (Audit, Finance, NC&G chairs) | Paid quarterly |
| Lead independent director cash retainer | $25,000 | Paid quarterly |
| Deferred compensation eligibility | Up to 100% of cash retainers; unfunded NQDC plan; no above‑market returns | Three directors participated in fiscal 2024 |
| Director Compensation (Fiscal 2024 as reported) | Fees Earned or Paid in Cash ($) | Stock Awards ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|
| Clyde C. Tuggle | 72,513 | 124,987 | 3,291 | 200,791 |
| Notes | Restricted stock grant fair value per FASB ASC 718; 1,248 restricted shares held as of Feb 1, 2025 for each current non‑employee director; vest on June 24, 2025 | Dividends on unvested stock |
Performance Compensation
| Equity Award Structure | Metric Type | Vesting | Performance Criteria Disclosed |
|---|---|---|---|
| Director restricted stock | Time‑based | Vests generally after one year of service; for FY2024 grants, 1,248 restricted shares vest on June 24, 2025 | No performance metrics described for director equity awards; program specifies restricted stock with time‑based vesting |
Directors may elect to receive cash retainers in restricted stock; two directors did so in fiscal 2024 (not specified for Tuggle) .
Other Directorships & Interlocks
- Current external directorship: Georgia Power Company .
- Potential interlock context: OXM’s lead independent director E. Jenner Wood III previously served on Southern Company’s Board (Cadence/Southern roles ended in 2024), while Tuggle serves on Georgia Power’s Board (a Southern Company subsidiary). No related‑party transactions were disclosed for fiscal 2024, mitigating conflict concerns .
Expertise & Qualifications
- Skills: Executive leadership; public company board experience; consumer insights/branding; finance and accounting; risk oversight; M&A; regulatory and corporate responsibility—each as identified in OXM’s director skills matrix for Tuggle .
- Bandwidth safeguard: OXM limits directors to ≤4 public company boards without specific Board approval .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Class | Basis/Notes |
|---|---|---|---|
| Clyde C. Tuggle | 16,393 | <1% | Calculations based on 14,874,764 shares outstanding; includes unvested restricted shares with voting rights |
| Director restricted shares (as of Feb 1, 2025) | 1,248 | — | Unvested; vest June 24, 2025 |
- Director stock ownership guidelines: Each non‑employee director is expected within four years to hold shares equal to 2.0x aggregate annual cash and stock retainer; company disclosed each director has met or is on track .
- Anti‑hedging/pledging: Directors and executive officers are prohibited from hedging or pledging OXM stock under Corporate Governance Guidelines and insider trading policy .
Governance Assessment
- Independence and attendance: Affirmed independent; >75% attendance and presence at 2024 annual meeting support engagement .
- Committee effectiveness: Audit membership with explicit ERM, sustainability/supply chain risk oversight and quarterly private sessions with EY indicates substantive risk governance; Finance Committee membership adds capital allocation oversight .
- Pay alignment: Director equity retainer ($125k) and annual cash retainer ($75k) with optional deferral and ability to take stock in lieu of cash promote ownership; restricted stock time‑vesting (no performance metrics) is standard for directors .
- Ownership and conduct: Beneficial ownership of 16,393 shares, adherence to director ownership guidelines (company‑level disclosure), and prohibition of hedging/pledging reduce misalignment and risk .
- Conflicts/related party checks: No related‑party transactions requiring disclosure in fiscal 2024; external roles (InVeris, Pine Island, Georgia Power) present broad network but no disclosed transactions with OXM .
- RED FLAGS: None disclosed—no pledging, no related‑party transactions, and strong audit oversight. Monitor any future transactions involving Pine Island portfolio companies or Georgia Power/Southern Company relationships, though none are currently reported .