Paul Galant
About Paul Galant
Paul Galant (age 57) is a Class III independent director of Resolute Holdings Management, Inc. (RHLD) with a term expiring at the 2027 annual meeting; he serves on the Nominating and Corporate Governance Committee. He joined the RHLD Board at the Spin-Off completion on February 28, 2025. Galant holds a B.S. in Economics from Cornell University and brings deep payments, fintech, and operational leadership experience from CEO roles at VeriFone and Brightstar, and senior leadership at Citigroup’s payments businesses .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Citigroup Inc. | CEO, Enterprise Payments; CEO, Citi Cards; CEO, Citi Transaction Services; Global Head of Cash Management | 2000–2010s (roles spanning 2002–2010+) | Led global B2C/C2B digital payments; headed North American and International Credit Card & Merchant Acquiring; scaled transaction services and cash management globally . |
| VeriFone Systems, Inc. | Chief Executive Officer; Board Member | CEO since Oct 2013 | Led electronic payments company; board governance and operational oversight . |
| Brightstar Corp. (SoftBank) | Chief Executive Officer; Operating Partner of SoftBank | Post-VeriFone; dates not specified | Managed device/accessory services; SoftBank operating partner role expanded strategic scope . |
| Churchill Capital | Operating Partner | Jan 2020–Jan 2024 | Real estate investment banking/investment; operating partner oversight . |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| CompoSecure, Inc. (Nasdaq: CMPO) | Director; Nominating & Corporate Governance Committee Member | Since Sept 21, 2022 | Governance oversight; cross-board interlock with RHLD . |
| Vivint Smart Home, Inc. (NYSE: VVNT) | Director | Oct 2015–Mar 2023 | Smart home/security governance, technology market exposure . |
| VeriFone Systems, Inc. | Director | Since Oct 2013 | Payments market governance . |
Board Governance
- Board class and term: Galant is a Class III director; term expires at the 2027 annual meeting .
- Committees: Member, Nominating and Corporate Governance Committee (NCG). The NCG Committee identifies director candidates, oversees Board organization, and develops corporate governance guidelines; a majority of NCG members are independent (Galant is independent) .
- Independence: Board determined Galant is independent under Nasdaq standards .
- Attendance: No Board or committee meetings occurred in fiscal 2024 (Board constituted at Spin-Off, Feb 28, 2025), so no attendance data for 2024 .
- Controlled company: RHLD is a Nasdaq “controlled company” (Tungsten 2024 LLC et al. beneficially owned ~50.5% of voting power as of record date), allowing certain governance exemptions; nonetheless six of ten directors are independent .
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Cash Retainer | Not disclosed for RHLD non-employee directors | Policy provides travel expense reimbursement; no meeting fees disclosed . |
| Travel Expense Reimbursement | Reimbursed | Out-of-pocket travel for Board/committee meetings reimbursed . |
Performance Compensation
| Award Type | Grant Value | Shares/Units | Exercise Price | Grant Timing | Vesting | Notes |
|---|---|---|---|---|---|---|
| Initial Stock Options | $50,000 | Included in total 2,064 options | $46.82 per share | Granted upon Board service start (effective Feb 28, 2025 with Spin-Off) | Vests in equal annual installments over 4 years | Director Compensation Policy . |
| Annual Stock Options (Prorated for 2025) | $100,000 (prorated to Annual Meeting) | Included in total 2,064 options | $46.82 per share | Effective on Annual Meeting date (May 28, 2025) | Vests in equal annual installments over 4 years | Director Compensation Policy; initial + prorated annual awards totaled 2,064 options at $46.82 for each non-employee director . |
- Clawbacks and hedging: RHLD maintains an SEC/Nasdaq-compliant clawback policy for executive “incentive-based compensation” and prohibits hedging/short sales and similar instruments for officers and directors (alignment mechanism; applies broadly to directors via Insider Trading Policy) .
Other Directorships & Interlocks
| Company | Overlap/Interlock | Committee Roles | Potential Conflict Considerations |
|---|---|---|---|
| CompoSecure, Inc. (CMPO) | RHLD directors (including Galant) also serve on CMPO’s board; RHLD manages CMPO Holdings via a Management Agreement | Galant is on CMPO NCG Committee | RHLD’s Management Agreement entitles RHLD to fees from CMPO Holdings and broad operational authority, creating oversight interlocks; Audit Committee reviews related-party transactions . |
- Controlled company and cross-board service: Each RHLD director (other than Fradin) also serves on CompoSecure’s board; total compensation for dual-board service is “weighted toward performance of CompoSecure,” which may tilt incentives toward CMPO outcomes versus RHLD’s standalone performance .
- Related-party frameworks: RHLD/CompoSecure entered Separation & Distribution, Management, Tax Sharing, Letter, and Registration Rights Agreements at Spin-Off, formalizing financial flows and governance roles; these require robust Audit Committee oversight of related-party transactions .
Expertise & Qualifications
- Payments/Fintech: CEO roles at VeriFone, Brightstar; Citigroup Enterprise Payments leadership .
- Corporate governance/public company board: Public company board experience (VeriFone, Vivint, CompoSecure; RHLD), and NCG committee service .
- Strategic operations/global scaling: Senior leadership in global payments and transaction services at Citigroup; CEO scaling experience .
- Education: B.S. in Economics, Cornell University (Phillip Merrill Scholar) .
- Skills matrix: RHLD Board matrix attributes Galant with Financial Literacy/Finance Expertise, Corporate Governance, Global Operations, Banking/Financial Services/FinTech, Legal/Regulatory, M&A, Executive Leadership, Compensation/Talent, Technology/Innovation/SaaS, Payments, and Ecommerce/Mobile/Digital .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Paul Galant | 7,690 | <1% | Based on 8,525,998 shares outstanding as of Apr 14, 2025 . |
| Shares Outstanding (context) | 8,525,998 | — | Record date shares eligible to vote . |
- Vested vs unvested: Individual vesting status not disclosed; RHLD option awards vest annually over four years (equal installments) .
- Hedging/Pledging: Hedging/speculative trading prohibited by policy; pledging not specifically addressed in disclosed policy summary .
Governance Assessment
- Strengths: Independent director with deep payments and fintech experience; NCG Committee role supports director selection and governance frameworks; RHLD prohibits hedging and adopted SEC/Nasdaq clawbacks; Audit Committee explicitly oversees related-party transactions .
- Risks/RED FLAGS:
- Controlled company status (50.5% voting power) concentrates influence and enables governance exemptions; investors should scrutinize nomination/compensation processes for minority shareholder protections .
- Interlocks with CompoSecure: Cross-board service and RHLD’s Management Agreement with CompoSecure Holdings create potential perceived conflicts of interest; director compensation “weighted toward performance of CompoSecure” may misalign incentives with RHLD standalone outcomes; rigorous Audit Committee oversight and transparent disclosures are critical mitigants .
- Limited attendance disclosure: No meetings occurred in 2024 due to timing; monitor future attendance and engagement once regular meeting cadence begins .
- Signals impacting investor confidence: Equity-linked director pay (options with 4-year vesting) promotes long-term alignment; explicit Insider Trading Policy restrictions and clawbacks are positive; however, concentrated control and extensive related-party arrangements necessitate heightened governance monitoring and robust independent oversight .