Robin Murray - Director | Rimini Street (RMNI) Executive Profile & Compensation

About Robin Murray

Robin Murray, age 59, is an independent director of Rimini Street (RMNI) and serves on the Nominating & Corporate Governance Committee. He has been on the company’s board since October 2017 (and previously on the predecessor RSI board from 2009), and is a partner at Adams Street Partners (ASP), RMNI’s largest stockholder. Murray is a Chartered Accountant (ICAEW) with a B.Sc. in Chemistry from Bristol University and an MBA from Stanford GSB .

Past Roles

Organization	Role	Tenure	Notes/Impact
Adams Street Partners, LLC	Partner	2008–present	Private markets investor; affiliate and largest stockholder of RMNI
3i Ventures Corporation	Partner; led Menlo Park office	2001–2008	Private equity/VC leadership
iPIN Corporation	Chief Financial Officer	1997–2001	Electronic payments firm; ultimately acquired by Intel
Ubicoms Ltd	Chief Financial Officer	1997–2001	Acquired by The Hackett Group
J Sainsbury plc	Various roles (London)	1988–1995	Early career positions
Ernst & Young	Various roles (London)	1988–1995	Early career positions
Rimini Street, Inc. (RSI)	Director	2009–2017	Predecessor entity to RMNI

External Roles

Organization	Role	Tenure	Committees/Impact
Adams Street Partners, LLC	Partner	2008–present	Represents perspective of largest stockholder; governance interlock with RMNI
Various private companies	Director	Ongoing	Board service across tech/private companies (not individually listed)

Board Governance

Board classification: Murray is the sole Class II director; nominated for re‑election at the 2025 annual meeting to serve through 2028 if reelected .
Independence: The Board determined Murray is independent under Nasdaq rules; all Board committees are composed solely of independent directors .
Committee assignments: Nominating & Corporate Governance Committee member .
Attendance: In 2024 the Board met 11 times; Audit 4; Compensation 6; Nominating 4. Each director attended at least 75% of applicable meetings .
Governance practices: Independent director executive sessions; hedging/pledging of company securities is prohibited for directors; Board can hire independent advisors; single-class voting structure .

Fixed Compensation

Item (2024)	Amount	Detail
Annual Board cash retainer	$40,000	Standard non‑employee director retainer
Committee membership retainer	$5,000	Nominating Committee member fee
Special Committee fees	$0	No special committee retainers for Murray in 2024
Total cash fees	$45,000	Sum of Board and committee fees

Performance Compensation

Grant Type	Grant Date	Shares Granted	Fair Value	Vesting
RSUs (annual director grant)	June 6, 2024	65,335	$179,998	100% vest on June 5, 2025 (day before 2025 annual meeting) contingent on continued Board service
Stock Options (2024 grants)	N/A	—	—	No option awards granted to non‑employee directors in 2024

No performance metrics are tied to director equity; RSUs are time‑based with one‑year vesting .

Other Directorships & Interlocks

Entity	Relationship to RMNI	Shares Beneficially Owned	% of Class	Notes
Adams Street Partners & affiliates	Largest stockholder; affiliate of company	23,856,082	26.0%	Murray is ASP partner; representative perspective valued by Board

Expertise & Qualifications

Chartered Accountant (ICAEW); corporate finance and development expertise from private equity and CFO roles .
MBA (Stanford GSB); B.Sc. Chemistry (Bristol) .
Technology sector experience across payments, software, and operational leadership .

Equity Ownership

Holder/Component (as of 4/15/2025 record date)	Shares/Units	Notes
Beneficial ownership attributed to Murray (incl. ASP affiliates)	23,856,082	26.0% of class; includes ASP‑affiliated holdings; Murray disclaims beneficial ownership except to extent of pecuniary interest
Options exercisable within 60 days	17,655	Director options outstanding
RSUs vesting within 60 days	65,335	Director RSUs scheduled to vest before the 2025 meeting
Shares held individually by Murray	207,659	Deemed held for benefit of ASP Growth Equity Funds per agreement
Shares outstanding (denominator)	91,773,231	Record date shares used for ownership calculations

Policies affecting alignment:

Hedging and pledging of company stock are prohibited for directors under RMNI’s Insider Trading Policy .
Director equity is granted annually and vests based on continued service (time‑based RSUs) .

Governance Assessment

Strengths
- Board‑affirmed independence; committees composed exclusively of independent directors; independent executive sessions enhance oversight .
- Clear related‑party transaction policy overseen by the Audit Committee; Nominating Committee reviews director independence and conflicts (non‑RPT) .
- Director equity grants (one‑year RSUs) create near‑term ownership alignment; prohibition on hedging/pledging reduces misalignment risk .
- Meeting cadence and minimum attendance thresholds (each director ≥75% in 2024) support engagement .
Potential conflicts and red flags
- Representative of largest stockholder (ASP) with 26.0% beneficial ownership; while the Board deems Murray independent, the affiliate relationship warrants continued scrutiny on transactions and board decisions involving stockholder rights and control dynamics .
- Classified board structure can reduce immediate accountability to stockholders; however, RMNI argues it aligns directors with long‑term interests and is consistent with peer practice .
Shareholder sentiment signals
- Say‑on‑pay support was 93.8% in 2024, suggesting overall investor confidence in compensation governance at RMNI .

Overall, Murray brings deep finance and technology investing experience and is actively engaged via Nominating Committee service, but his ASP affiliation and concentrated ownership position necessitate robust application of RMNI’s related‑party review and independence processes to sustain investor confidence .