Thomas Bostick
About Thomas P. Bostick
Lieutenant General (U.S. Army Ret.) Thomas P. Bostick, age 68, has served as an independent director of Perma-Fix Environmental Services, Inc. since August 2020. He holds a B.S. from West Point, M.S. degrees in Civil and Mechanical Engineering from Stanford, an MBA from Oxford, and a Doctorate in Systems Engineering from George Washington University; he is a member of the National Academy of Engineering and National Academy of Construction . His military career included serving as the 53rd Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers (2012–2016) and Deputy Chief of Staff/Director of Human Resources (2009–2012) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| U.S. Army Corps of Engineers | 53rd Chief of Engineers; Commanding General | 2012–2016 | Led Corps operations; decorated with Distinguished Service Medal, Defense Superior Service Medal, Bronze Star |
| U.S. Army | Deputy Chief of Staff; Director of Human Resources | 2009–2012 | Senior personnel leadership for Army-wide HR |
| Intrexon Corporation (now Precigen, Nasdaq: PGEN) | COO and President, Intrexon Bioengineering division | Nov 2017–Feb 2020 | Operated bioengineering initiatives across food, agriculture, energy; sustainability focus |
| U.S. Government | White House Fellow; Special Assistant to the Secretary of Veterans Affairs | Not disclosed | National-level leadership program; policy exposure |
External Roles
| Organization | Role | Start | Committees/Notes |
|---|---|---|---|
| CSX Corporation (Nasdaq: CSX) | Director | Oct 2020 | Member, Finance and Governance Committees since Dec 2020 |
| Fidelity Equity and High Income Funds | Board of Trustees | Jun 2021 | Oversees equity and high yield funds sponsored by Fidelity |
| U.S. Naming Commission | Commissioner | Feb 2021 | Member of eight-person panel to rename Confederate-named military assets |
| U.S. Army Recruiting Command (USAREC) | Advisor | 2023 | Assisted Secretary of the Army/Chief of Staff to transform USAREC plan execution |
Board Governance
- Independence: The Board determined Bostick is an “independent director” under Nasdaq Rule 5605; he meets SEC/Nasdaq standards for committee independence .
- Committee assignments: Member, Corporate Governance and Nominating Committee in 2024; the committee met four times in 2024 (Chair: Joe R. Reeder) .
- Attendance and engagement: Board met six times in 2024; no director attended fewer than 75% of aggregate Board and committee meetings; all directors attended the 2024 annual meeting .
- Board leadership: Roles of Chairman and CEO are separated; Mark A. Zwecker serves as Lead Independent Director (since Feb 2010) .
Fixed Compensation (Director)
| Component | Structure/Amount | Notes |
|---|---|---|
| Quarterly Board fee | $11,500 per quarter | Applies to all non-employee directors |
| Chair adders | Chairman of Board: +$8,750/quarter; Audit Chair: +$6,250/quarter; Comp/Gov/Strategic Chair: +$3,125/quarter | Chairman of Board not eligible for additional committee chair fees |
| Committee membership adders | Audit members (excl. Chair): +$1,250/quarter; Comp/Gov/Strategic members: +$500/quarter if not chair of any standing committee or Board | |
| Meeting fees | $1,000 per in-person; $500 per virtual meeting | Applies to Board meetings |
| Equity election for fees | Director may elect 65% or 100% of fees in Common Stock; balance in cash | Under 2003 Outside Directors Stock Plan |
| 2024 Director Compensation (Bostick) | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | — |
| Stock Awards (fees in stock) | 68,680 |
| Option Awards | 68,700 |
| Total | 137,380 |
Under the plan, the stock award share count is based on 75% of the closing market value on the business day before the quarterly fee date; awards are fully vested at grant . The $0 cash column indicates Bostick elected to receive 100% of fees in stock in 2024 .
Performance Compensation (Equity Awards, Terms)
| Grant Date | Instrument | Shares/Options | Exercise/Grant Price | Vesting | Term | Fair Value (per option) | Notes |
|---|---|---|---|---|---|---|---|
| Jul 18, 2024 | NQSO (Right to Buy) | 10,000 | $10.20 | 25% per year starting 1st anniversary | 10 years | ~$6.87 | Granted on reelection under 2003 Outside Directors Plan |
| Jul 24, 2025 | NQSO (Right to Buy) | 10,000 | $12.23 | 25% per year; 1/4 increments | Expires Jul 24, 2035 | — | Form 4 disclosure of grant under 2003 Outside Directors Plan |
- Change-of-control acceleration: Upon a “change of control” (or death/disability), all outstanding director stock options and stock awards become immediately exercisable notwithstanding vesting provisions .
Other Directorships & Interlocks
| Company | Sector | Role | Committee Roles | Potential Interlocks/Notes |
|---|---|---|---|---|
| CSX Corporation (Nasdaq: CSX) | Rail Transportation | Director | Finance; Governance | No disclosed related-party transactions with PESI; governance expertise relevant to PESI |
Expertise & Qualifications
- Advanced technical and systems credentials (Stanford MS in Civil and Mechanical Engineering; GWU Doctorate in Systems Engineering) and MBA from Oxford .
- Senior government/military leadership with complex infrastructure oversight; decorated service; White House Fellow experience .
- Recognitions: Distinguished Graduate of West Point Association of Graduates (2024) and Savoy’s 2021 Most Influential Black Corporate Directors .
Equity Ownership
| Item | Amount | Detail |
|---|---|---|
| Beneficial ownership (as of Jun 2, 2025) | 74,214 | Includes 43,214 common shares; options to purchase 21,000 shares immediately exercisable; options to purchase 10,000 shares exercisable within 60 days of record date |
| Percent of Class | <1% | Based on 18,452,227 shares outstanding |
| Options outstanding (Dec 31, 2024) | 46,000 | Total NQSOs outstanding regardless of vesting |
| Pledging/Hedging | Not disclosed | No pledging/hedging disclosure specific to Bostick found in proxy |
Insider Trades (Form 4)
| Date | Type | Security | Shares/Options | Price | Holdings After | Notes |
|---|---|---|---|---|---|---|
| Oct 1, 2025 | Acquisition (A) | Common Stock | 1,716 | $7.575 | 46,514 | Filed Oct 2, 2025; direct ownership |
| Jul 24, 2025 | Grant (A) | Stock Option (Right to Buy) | 10,000 | $12.23 | 10,000 options | NQSO under 2003 Outside Directors Plan; vests in 1/4 increments; expiry Jul 24, 2035 |
Governance Assessment
- Alignment signals: Electing 100% of director fees in stock and receiving annual option grants supports skin-in-the-game; 2024 stock awards of $68,680 and option awards of $68,700; total $137,380 .
- Independence and attendance: Board confirms Bostick’s independence under Nasdaq rules; no director fell below 75% meeting attendance; all attended the 2024 annual meeting—positive engagement signal .
- Committee effectiveness: Service on Governance and Nominating Committee, which oversees board evaluations, guidelines, ESG oversight, and committee composition, indicates governance expertise deployment at PESI .
- Potential red flag to monitor: The 2003 Outside Directors Plan provides for immediate vesting of options/awards upon change of control, which can be shareholder-unfriendly if not balanced by performance conditions; however, director equity is largely time-based, not performance-based .
- Conflicts/related-party exposure: Proxy discloses a family relationship (David Centofanti, son of director Dr. Louis Centofanti); no related-party transactions or conflicts involving Bostick were disclosed; related party transactions require Audit Committee review .
Overall: Bostick brings deep infrastructure, government and systems expertise; he is independent, engaged, and aligned via equity. Immediate vesting on change-of-control and lack of disclosed director ownership guidelines are areas investors may scrutinize, but no Bostick-specific conflicts or attendance issues are disclosed .