Tasis Giannoukakis
About Tasis Giannoukakis
Independent director of Pineapple Financial Inc. (PAPL), age 61, serving on the Board since August 19, 2016. Background in real estate brokerage and operations; owner, broker, and manager at Century 21 Leading Edge Realty with >20 years of experience and expansion via acquisitions in Canada. The Board has affirmatively determined committee members, including Mr. Giannoukakis, meet NYSE American independence and SEC Rule 10A-3 standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Century 21 Leading Edge Realty | Broker/Owner, Manager | Aug 2004–present | Led expansion via acquisitions; team performance among top Century 21 franchises in Canada |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Century 21 Leading Edge Realty | Owner/Broker/Manager | >20 years | Private company; not disclosed as public board |
No other public company directorships are listed in the proxy biography for Mr. Giannoukakis .
Board Governance
- Committee memberships: Audit Committee (members: Paul Baron, Drew Green [Chair], Tasis Giannoukakis) ; Compensation Committee (members: Drew Green, Paul Baron, Tasis Giannoukakis) ; Nominating & Corporate Governance Committee (members: Drew Green, Paul Baron, Tasis Giannoukakis) .
- Independence: Board affirmed all three committees meet NYSE American independence standards and SEC Rule 10A-3 requirements .
- Director election support: At the March 7, 2025 Annual Meeting, votes for/against Mr. Giannoukakis were 1,791,222 For / 37,592 Against, indicating strong shareholder support .
- Board renewal: The Board has not adopted director term limits; emphasizes continuity over mandated limits .
- Orientation/Education: No formal orientation or education procedure established for new directors; directors are encouraged to stay current and attend industry seminars .
- Ethics and relationships: Written Code of Ethics and Business Conduct adopted; “No Family Relationships” disclosed among directors/executives .
- Voting agreement signal: Each Board member (including Mr. Giannoukakis) entered into a voting agreement to support Shareholder Approval proposals in the Sept 2025 special meeting; note as a potential independence signal to monitor .
Fixed Compensation
- Director cash retainer, committee/meeting fees, and chair fees: Not disclosed in the reviewed DEF 14A filings. Targeted searches for explicit “non-employee director compensation” (cash/equity retainer) returned no results; analysis focuses on disclosed equity holdings [SearchDocuments queries: director compensation, non-employee director, annual retainer, meeting fees; 2025 DEF 14A, PAPL].
Performance Compensation
| Metric | Jan 17, 2025 (Record Date) | Sep 15, 2025 (Record Date) |
|---|---|---|
| Common shares owned | 99,558 | 4,487 |
| Options ($3.60 strike) | 10,214 | — |
| Options ($72.00 strike) | — | 511 |
| Options ($1.30 strike) | — | 2,500 |
| RSUs (nil exercise price) | — | 2,523 (became issuable July 16, 2025) |
| RSU exercisable/issuance date | — | July 16, 2025 |
No grant dates or fair-value disclosures for director awards were found in proxy materials; equity detail reflects beneficial ownership breakdown tables .
Other Directorships & Interlocks
| Company | Public/Private | Role | Potential Interlock/Conflict |
|---|---|---|---|
| Century 21 Leading Edge Realty | Private | Owner/Broker/Manager | No related-party transactions reported by PAPL in FY2023–FY2024 |
Expertise & Qualifications
- Real estate brokerage leadership and operations with >20 years tenure; expansion via acquisitions; top-performing franchise metrics in Canada .
- Financial literacy for audit committee service; Board determined audit committee members can read/understand fundamental financial statements (SEC/NYSE American requirements) .
- Governance/Compensation oversight experience via membership on Compensation and Nominating & Corporate Governance committees; committee charter responsibilities include use of independent compensation consultants and oversight of director/executive compensation programs .
Equity Ownership
| Metric | Jan 17, 2025 | Sep 15, 2025 |
|---|---|---|
| Total beneficial ownership (shares) | 99,558 | 10,021 |
| Ownership as % of shares outstanding | 1.13% (8,808,025 SO) | 0.74% (1,345,941 SO) |
| Breakdown notes | Includes 10,214 options @ $3.60 | Includes 4,487 shares, 511 options @ $72.00, 2,500 options @ $1.30, 2,523 RSUs |
No pledging of shares disclosed; the proxy’s related-party section reports no transactions meeting threshold during FY2023–FY2024 .
Governance Assessment
- Board effectiveness: Multi-committee membership (Audit, Compensation, Nominating) and affirmed independence strengthen oversight; audit committee chaired by an independent director (Drew Green), with Mr. Giannoukakis as member .
- Alignment: Meaningful, though reduced, equity holdings post-share count changes; mix includes options and RSUs, supporting longer-term alignment but lacking disclosed performance metrics/grant structures specific to directors .
- Shareholder confidence signals: Strong election vote margin for Mr. Giannoukakis in March 2025 ; no related-party transactions or family relationships disclosed .
- Governance practice gaps: No term limits and no formal orientation/education program—monitor as potential board development and renewal risks .
- Potential conflict signal: The September 2025 voting agreement to support specific proposals (Share Issuance/Restriction Removal) warrants ongoing monitoring of board independence in financing/treasury strategy decisions .
- Auditor context: MNP LLP audit fees increased from $192,990 (2023) to $216,070 (2024), relevant to oversight of external auditor and cost trends .
Related-party transactions: None reported in FY2023–FY2024 for directors/executives, including Mr. Giannoukakis .
Board size/tenure context: Board size disclosed as 6; Mr. Giannoukakis serving since Aug 19, 2016 .