David Kornblatt
About David Kornblatt
Independent director of Redwire Corporation (RDW) since June 2022; Age 65; Class III director with current term expiring at the 2027 Annual Meeting. Former public-company CFO with deep audit and finance expertise; designated by the Board as an “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Triumph Group, Inc. (NYSE: TGI) | Chief Financial Officer | Not disclosed in RDW proxy | Public-company CFO experience |
| Carpenter Technology Corporation (NYSE: CRS) | Chief Financial Officer | Not disclosed in RDW proxy | Public-company CFO experience |
| York International Corporation (formerly “YRK”) | Chief Financial Officer | Not disclosed in RDW proxy | Public-company CFO experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) | Director | 2009–2025 | Audit Committee Chair; member, Compensation and Nominating & Corporate Governance Committees |
Board Governance
- Committee assignments: Audit Committee Chair; member, Nominating & Corporate Governance Committee; Audit Committee composed entirely of independent directors; Kornblatt deemed an “audit committee financial expert.”
- Independence: Board determined Kornblatt is independent under NYSE rules and Rule 10A-3.
- Attendance and engagement: Board met 11 times in 2024; each director attended at least 75% of board and committee meetings; all directors attended the 2024 Annual Meeting except Mr. Konert (no exception noted for Kornblatt). Independent directors held executive session at least once in 2024.
- Board structure: Combined Chair/CEO; no Lead Independent Director designated.
- Controlled company: No longer a controlled company currently; may rely on controlled-company exemptions in the future if status changes; committees currently fully independent.
Fixed Compensation
| Component | 2024 | 2025 (policy change) |
|---|---|---|
| Board annual cash retainer | $75,000 | $100,000 (effective March 6, 2025) |
| Audit Committee Chair fee | $30,000 | $30,000 |
| Nominating & Corporate Governance Committee member fee | $7,500 | $7,500 |
| Total cash fees (Kornblatt, 2024 reported) | $112,500 | N/A (2025 not reported yet; structure above) |
Notes:
- 2024 Director Compensation table reports Kornblatt’s 2024 fees earned of $112,500, consistent with $75,000 board retainer + $30,000 Audit Chair + $7,500 Nominating member = $112,500.
Performance Compensation
| Equity Award Type (Directors) | 2024 Grant Value | 2025 Policy | Vesting / Terms |
|---|---|---|---|
| Annual RSUs (non-employee directors) | $100,002 (Kornblatt’s 2024 stock awards value) | Target increased to $150,000 in 2025 | RSUs vest on the one-year anniversary of grant; accelerate upon Change in Control for non-employee directors |
| Meeting fees or options | Not disclosed / none noted | Not disclosed / none noted | N/A |
Other Directorships & Interlocks
- Current/prior public boards: USAP director (2009–2025), Audit Chair; prior CFO roles at TGI, CRS, YRK. No RDW disclosure of transactions with companies tied to Kornblatt.
- Principal shareholder representation on RDW’s board exists via AE Industrial Partners and Bain (other directors), but Kornblatt is independent and not disclosed as a designee of those investors.
Expertise & Qualifications
- Financially sophisticated; designated “audit committee financial expert.” Brings decades of public-company CFO experience across aerospace and industrials.
Equity Ownership
| Metric | Value |
|---|---|
| Total beneficial ownership (Common) | 109,510 shares; less than 1% of outstanding |
| Near-term vesting RSUs included | Includes 20,921 RSUs vesting within 60 days of April 4, 2025 (footnote applies to marked directors) |
| Options (director) | Not disclosed for Kornblatt; table footnote references RSUs, not options |
| Pledging/Hedging | Prohibited by RDW Insider Trading Policy (applies to directors) |
Governance Assessment
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Strengths
- Independent director serving as Audit Committee Chair; designated audit committee financial expert, aligning oversight with expertise.
- Documented attendance at least 75% and participation in executive sessions; no Annual Meeting absence noted.
- Director compensation mix balanced: 2024 cash ($112,500) plus equity RSUs (~$100,002) supports alignment via ownership while compensating for oversight workload (Audit Chair + Nominating member).
- RDW prohibits hedging and pledging—positive for alignment.
-
Watch items
- No Lead Independent Director and combined Chair/CEO structure; investors may scrutinize independence of board leadership despite majority-independent board.
- Investor designation rights (AE/Bain) and classified board could limit flexibility and are governance risk factors at the company level; Kornblatt is independent but operates within this framework.
-
Conflicts/related-party exposure
- RDW disclosed related-party revenues tied to other directors’ customer boards; no related-party transactions disclosed involving Kornblatt.
-
Compensation structure signals
- 2025 increases to director cash retainer ($100,000) and RSUs ($150,000) reflect market alignment and potential increased governance workload; monitor that equity grants remain time-based (no PSUs) and maintain alignment.
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RED FLAGS
- None disclosed specific to Kornblatt (no pledging/hedging, no related-party transactions, meets independence and attendance thresholds).