Amanda C. Kruse
About Amanda C. Kruse
Amanda C. Kruse, CPA, is Chief Financial Officer and Principal Accounting Officer of Royalty Management Holding Corporation (RMCO), appointed effective February 1, 2025. She is 39, with over 15 years of experience in public and financial accounting; prior to her appointment she served as the Company’s Controller and implemented scalable accounting processes ensuring checks, balances, and cost controls. She holds a B.S. in Business and an M.S. in Accounting from the Kelley School of Business at Indiana University in Indianapolis. The company has not disclosed pay-for-performance metrics or TSR/financial performance targets linked to her compensation; executives received no equity awards in 2024 and there are no disclosed compensatory arrangements for Kruse at appointment .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Royalty Management Holding Corporation | Controller | Through Feb 1, 2025 | Implemented scalable accounting and financial processes to ensure checks and balances and cost controls |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed | — | — | SEC filings reviewed do not disclose external public company directorships or committee roles for Kruse |
Fixed Compensation
| Item | FY 2023 | FY 2024 | |---|---|---|---| | CFO (Kruse) Base Salary ($) | Not disclosed (Kruse not CFO) | Not disclosed (Kruse not CFO) | | CFO (Kruse) Target Bonus (%) | Not disclosed | Not disclosed | | CFO (Kruse) Actual Bonus Paid ($) | Not disclosed | Not disclosed | | CFO (Kruse) Stock Awards ($) | Not disclosed | Not disclosed | | CFO (Kruse) Option Awards ($) | Not disclosed | Not disclosed |
Context on CFO role prior to Kruse’s appointment (Kirk Taylor): the proxy discloses $0 salary, $0 bonus, $0 stock awards, and $0 option awards for 2023 and 2024 for the former CFO, indicating no paid executive compensation for that role in those years .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
- No performance-based incentive metrics or programs were disclosed for executives; “No equity awards…were granted to our executives during the fiscal year 2024,” and the 8‑K appointing Kruse does not include compensatory arrangements (e.g., salary, bonus, equity or performance plan terms) .
Equity Ownership & Alignment
| Item | As of Dec 31, 2024 |
|---|---|
| Shares Outstanding (context) | 14,958,817 |
| Kruse Beneficial Ownership (shares) | 0 |
| Ownership % | *% (less than 1%) |
| Vested vs Unvested Shares | Not disclosed |
| Options (Exercisable/Unexercisable) | Not disclosed |
| Shares Pledged as Collateral | Not disclosed |
| Hedging Policy | Company has not adopted a policy restricting hedging; employees/officers/directors are permitted to hedge |
| Stock Ownership Guidelines | Not disclosed |
| Compliance with Ownership Guidelines | Not disclosed |
Note: Beneficial ownership table lists executive officers including Kruse with “-0-” shares as of December 31, 2024; footnotes confirm her appointment date, but do not add beneficial holdings .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment Start Date (CFO) | February 1, 2025 |
| Compensatory Arrangements at Appointment | None disclosed in Item 5.02; no arrangements pursuant to which she was selected |
| Contract Term Length/Expiration | Not disclosed |
| Severance Provisions | Not disclosed |
| Change-of-Control (single/double trigger; multiples) | Not disclosed |
| Equity Vesting (accelerated terms) | Not disclosed |
| Clawback Provisions | Not disclosed; Code of Conduct cited but no clawback policy detailed |
| Non-Compete/Non-Solicit | Not disclosed |
| Garden Leave | Not disclosed |
| Post-Termination Consulting | Not disclosed for Kruse; press release notes prior CFO remains as consultant |
| Family Relationships/Related Party Transactions | None; no material interests requiring disclosure under Item 404(a) |
Governance and Committee Context
- Compensation Committee: Oversees executive and director compensation and stock incentive plan administration; members include independent director W. Benjamin Kincaid (Chair), with committee independence described; no use of external compensation consultants disclosed .
- Audit Committee: Independent; Julie K. Griffith identified as audit committee financial expert .
- Say-on-Pay: Not included among 2025 AGM proposals; matters voted were director elections, redomiciling to Florida, amended articles/bylaws, and auditor selection .
Related Party Transactions (Company-level; none involving Kruse)
- The proxy discloses related-party dealings with entities associated with other executives/directors (Land Resources & Royalties LLC, Wabash Wings LLC, Wabash Enterprises LLC, Land Betterment Corporation, American Resources Corporation, First Frontier Capital LLC). Kruse has no direct or indirect material interest in any transaction requiring disclosure .
Investment Implications
- Alignment risk: Kruse’s disclosed beneficial ownership is 0 shares as of year-end 2024, and the company permits hedging transactions (no anti-hedging policy). The combination of low reported “skin in the game” and permissive hedging is a red flag for pay-performance alignment and could increase insider selling/hedging pressure if awards are later granted .
- Compensation opacity: Item 5.02 and the 2025 proxy do not disclose CFO compensatory arrangements (salary, target bonus, equity, severance or change‑of‑control). Lack of visibility into incentives limits assessment of retention risk, payout leverage, and catalyst-linked trading signals .
- Incentive structure: Executives received no equity awards in 2024; director compensation utilized option/warrant awards but there is no disclosure of executive RSU/PSU plans or performance metrics. Absent equity or performance pay, alignment with shareholders may be constrained unless future grants are adopted with robust performance hurdles .
- Governance mitigants: Independent audit/compensation committees and identification of an audit committee financial expert provide some governance quality support; AGM votes passed with strong support, though no say-on-pay vote was presented .