Jay Snyder
Rimini StreetAbout Jay Snyder
Jay Snyder (age 54) is an independent Class III director of Rimini Street, serving since 2020. He currently sits on the Audit, Compensation, and Nominating & Corporate Governance Committees, and was appointed to the Audit Committee effective March 1, 2025 . Snyder holds a B.S. in Economics and Finance from Bentley University and brings extensive software operating, sales, alliances, and customer success experience from Dynatrace, BetterUp, UiPath, New Relic, Dell Technologies/EMC, and PeopleSoft .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Dynatrace, Inc. | SVP of Partners and Alliances | Nov 2023–present | Global partner ecosystem leadership; alliances to drive growth |
| BetterUp | Chief Customer Officer | Jan 2023–Nov 2023 | Customer success leadership in coaching/mental wellness |
| UiPath | SVP, Customer Strategy and Solutions; led Industries, Value Engineering, Services, Customer Success | Jan 2021–2023 | Built enterprise automation customer programs |
| New Relic, Inc. | EVP & Chief Customer Officer | 2020 | Scaled customer experience in observability software |
| Dell Technologies | SVP Global Alliances, Service Providers & Industries; SVP Americas Global Services; COO Americas Sales & Customer Operations; AVP Sales | 1999–2015 (various) | Operated large-scale sales, services, alliances organizations |
| PeopleSoft | Director, Technology Alliances & Business Development; Manager, Strategic Services | 1998–1999 | Enterprise software alliances and services |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| Dynatrace, Inc. | SVP Partners & Alliances | No (employment role) | External operating role; not disclosed as a board seat |
| BetterUp | Chief Customer Officer | No | Prior employment |
| UiPath | SVP | No | Prior employment |
| New Relic, Inc. | EVP & CCO | No | Prior employment |
| Dell Technologies/EMC | Senior roles | No | Prior employment |
| PeopleSoft | Alliances/Services | No | Prior employment |
No other public company directorships disclosed; no interlocks noted involving Snyder in related-party transactions .
Board Governance
- Independence: Board determined Snyder is independent under Nasdaq and SEC rules; all Board committees are comprised exclusively of independent directors .
- Committee assignments: Audit (member; appointed Mar 1, 2025), Compensation (member), Nominating (member). Audit Committee financial experts are Acosta and Capelli (not Snyder) .
- Attendance: In 2024, Board met 11 times; each director attended at least 75% of Board and committee meetings; all incumbent directors attended the 2024 annual meeting .
- Lead Independent Director: Jack Acosta; independent director executive sessions held regularly .
- Outside board policy and governance controls: Limits on other boards to prevent overboarding; hedging and pledging of Company securities prohibited; related-party transactions reviewed by Audit Committee .
Fixed Compensation
| Component (2024) | Amount |
|---|---|
| Board annual retainer (cash) | $40,000 |
| Committee fees (cash) | $12,500 (Compensation $7,500; Nominating $5,000) |
| Total cash fees | $52,500 |
| Special Committee fees | None disclosed for Snyder in 2024 |
Performance Compensation
Director equity grants are time-based (no performance conditions). Annual RSU awards vest in full before the next annual meeting.
| Grant Type | Grant Date | Shares | Vesting | Fair Value |
|---|---|---|---|---|
| RSUs (annual director grant) | Jun 6, 2024 | 65,335 | 100% vests Jun 5, 2025 (contingent on Board service) | $179,998 |
| Stock options | 2024 | — | — | No option awards granted to Snyder in 2024; Snyder held no options as of Dec 31, 2024 |
Other Directorships & Interlocks
- No current public company directorships disclosed for Snyder beyond RMNI; no interlocks with competitors/customers/suppliers disclosed; no Snyder-related party transactions identified .
Expertise & Qualifications
- Education: B.S., Economics and Finance, Bentley University .
- Skills: Enterprise software operations, global alliances, customer success, services, sales leadership .
- Board qualifications: Brings extensive software operational and sales experience relevant to RMNI’s enterprise support services .
Equity Ownership
| Holder | Total Beneficial Ownership | % of Class | Components |
|---|---|---|---|
| Jay Snyder | 226,018 shares | <1% | 160,683 shares owned; 65,335 RSUs vesting within 60 days of record date |
| Hedging/Pledging | Prohibited for directors under Insider Trading Policy | — | Policy prohibits hedging and pledging; applies to directors |
Governance Assessment
- Committee engagement: Snyder serves on all three key committees (Audit/Comp/Nominating), enhancing board effectiveness across financial oversight, pay, and governance. Audit membership effective Mar 1, 2025 strengthens risk and controls oversight .
- Independence and attendance: Independence affirmed; attendance requirements met (>75%)—supports investor confidence .
- Compensation alignment: Director pay weighted to equity via annual RSUs ($179,998) with modest cash fees ($52,500), promoting alignment through ownership; no options granted in 2024 .
- Ownership: Snyder’s beneficial ownership is <1%; RSU vesting provides ongoing alignment, though absolute stake is relatively small versus outstanding shares .
- Conflicts/related-party exposure: No Snyder-related transactions disclosed; company policies mandate Audit Committee review of related-party deals and prohibit hedging/pledging, mitigating conflict risk .
- Board signals: Strong say-on-pay support in 2024 (93.8% approval) and robust governance practices (independent committees, executive sessions, outside board limits) are positive indicators for governance quality .
Red Flags
- None disclosed specific to Snyder. No related-party transactions, hedging/pledging, or attendance shortfalls were identified for Snyder .