Matthew Glickman

About Matthew Glickman

Matthew (Matt) Glickman, 59, has served as an independent director of QuinStreet since April 2017. He is a Lecturer in Management at Stanford Graduate School of Business and Managing Partner at Promise Venture Studio; previously he co-founded and served as CEO of Merced Systems and BabyCenter, and was the founding CFO of Teach For America. He holds a B.A. in French & Economics (Amherst), an M.A. in Education Policy & Analysis (Stanford School of Education), and an M.B.A. (Stanford GSB, Arjay Miller Scholar) .

Past Roles

External Roles

Board Governance

• Independence: The Board determined all directors except the CEO are independent; all Audit, Compensation, and Nominating & Governance committees consist entirely of independent directors .
• Committee assignments (as of Sept. 5, 2025): Audit Committee member; not a chair. Audit Committee members: Huizinga (Chair), Ahmed, Glickman .
• Meetings and attendance: The Board met 4 times in FY2025 and all directors attended at least 75% of Board and committee meetings; Audit Committee met 8 times in FY2025. No directors attended the 2024 annual meeting of stockholders .
• Audit Committee scope: Oversees auditor engagement, financial reporting, internal controls, related person transactions, cybersecurity, and ESG-related risk . Audit Committee financial expert designation is assigned to Stuart M. Huizinga (not Glickman) .
• Lead Independent Director: James Simons .

Fixed Compensation

Policy (non-employee director cash retainers):

• Board member annual retainer: $45,000; Audit Committee member: $10,000; Audit Chair: $31,000; Comp Chair: $27,000; Nominating Chair: $14,000; Lead Director: $15,000 .

Notes:

• Policy confirms amounts consistent with Glickman’s FY2025 cash fees (Board retainer + Audit Committee member fee = $55,000) .
• No meeting fees; directors can elect options in lieu of cash (not elected by Glickman in FY2023–FY2025) .

Performance Compensation

Program structure

• Annual RSU grant with grant-date cash value of $145,000, vesting daily over one year; directors may elect to defer settlement until a change in control or Board departure .
• No performance metrics (service-based vesting only) .

Observation: Equity constitutes the majority of Glickman’s director compensation each year (e.g., FY2025: $144,984 stock vs. $55,000 cash), reinforcing alignment through vesting and sizeable voluntary deferrals .

Other Directorships & Interlocks

• Public company boards: None disclosed for Glickman; biography references several technology and nonprofit boards without naming public companies .
• Compensation Committee interlocks: None reported; no cross-board/officer interlocks involving QuinStreet’s Compensation Committee .

Expertise & Qualifications

• Technology founder/CEO experience at Merced Systems and BabyCenter; early-stage CFO experience (Teach For America); current academic and venture leadership roles .
• Financial literacy sufficient for Audit Committee service; Audit Committee “financial expert” designation is assigned to another director (Huizinga) .
• Education: B.A. (Amherst), M.A. (Stanford Education), M.B.A. (Stanford GSB, Arjay Miller Scholar) .

Equity Ownership

• Stock ownership guidelines: Non-employee directors must hold shares equal to 3x the annual cash retainer; as of June 30, 2025, each non-employee director satisfied the requirement .
• Hedging/pledging: Company policy prohibits pledging, short sales, or hedging by directors .

Additional RSU holdings (not counted in beneficial ownership until vest/settlement):

• Unvested RSUs at FY2025 year-end: 2,304
• Deferred RSUs: 86,236 at FY2025 year-end (defers settlement until change in control or departure)

Section 16 compliance:

• All required insider reports were timely filed in FY2025, except one late Form 4 by a different director (Pauldine); no delinquencies noted for Glickman .

Governance Assessment

Positives

• Independence and committee engagement: Independent director and active Audit Committee member; Audit Committee met 8 times in FY2025 and oversees financial reporting, related-party transactions, cybersecurity, and ESG risk .
• Attendance and engagement: Met the ≥75% attendance threshold for Board/committee meetings in FY2025 .
• Pay-for-alignment: Director pay mix is equity-heavy (annual $145k RSU with one-year daily vesting), and Glickman has elected substantial RSU deferrals (86,236 deferred RSUs as of FY2025 year-end), signaling long-term alignment .
• Ownership alignment and safeguards: Stock ownership guidelines met; prohibitions on hedging and pledging enhance alignment and reduce risk .
• Conflicts oversight and related parties: Audit Committee oversees related-person transactions; no related-party transactions above $120,000 since July 1, 2024 .

Watch items

• Annual meeting participation: No directors attended the 2024 annual meeting (engagement optics) .
• Financial expert designation: While financially literate and an Audit member, Glickman is not the Board-designated “audit committee financial expert” (assigned to Huizinga) .
• Concentration of equity in deferred RSUs: While alignment-positive, a large deferred RSU balance underscores reliance on equity for compensation; ongoing monitoring of deferral elections, settlement timing (change-in-control or departure), and dilution is prudent .

No red flags identified regarding Section 16 filings for Glickman, hedging/pledging, or related-party transactions in the latest proxy period .