Samuel Chapin
About Samuel R. Chapin
Samuel R. Chapin (age 67) is an independent director of Revvity, Inc., serving since 2016. He is the retired Executive Vice Chairman of Global Corporate & Investment Banking at Bank of America Merrill Lynch, with over three decades in investment banking and more than $500 billion of financings and advisory assignments. He holds a BA from Lafayette College and an MBA from The Wharton School. On Revvity’s board, he chairs the Audit Committee and serves on the Nominating & Corporate Governance Committee, and is designated an Audit Committee Financial Expert.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bank of America Merrill Lynch | Executive Vice Chairman, Global Corporate & Investment Banking; previously Vice Chairman of Merrill Lynch & Co. and Operating Committee member | 2010–2016 (Exec Vice Chair); Vice Chairman since 2003 | Led relationships with top clients; extensive M&A and financing experience (> $500B assignments); Investment Banker of the Year (Investment Dealers’ Digest) |
| Merrill Lynch & Co., Inc. | Vice Chairman; Operating Committee member | Since 2003 (within broader Merrill/BoA career) | Global investment banking leadership; corporate relationships |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Rockefeller Capital Management | Senior Advisor | Since 2019 | Private, independent financial services firm |
| O-I Glass, Inc. | Director | Current | Public company board |
| PHINIA, Inc. | Director | Current | Public company board |
| CIRCOR International, Inc. | Director | Until 2023 | Public company; former role |
| Lafayette College | Trustee Emeritus | Current | Non-profit academic governance |
| Roundabout Theatre Company (NY) | Director Emeritus | Current | Non-profit arts governance |
Board Governance
- Committee assignments: Audit (Chair); Nominating & Corporate Governance (member). Designated Audit Committee Financial Expert; audit committee met 8 times in FY2024.
- Independence: Board determined Chapin is independent under NYSE rules.
- Attendance: Board met 6 times in FY2024; each director attended ≥75% of board and committee meetings; all directors attended the 2024 annual meeting (virtual).
- Executive sessions: Independent directors meet in executive session before/after each regular board meeting; Board leadership separated (Non-Executive Chair distinct from CEO).
- Other boards limit: Directors limited to ≤3 other public company boards unless approved; service must comply with conflict policies. Chapin currently serves on two public boards, consistent with policy.
- Risk oversight: Audit Committee leads enterprise risk management and cybersecurity oversight; Nominating & Corporate Governance oversees ESG and related party policy.
Fixed Compensation (Director)
| Component | Amount | Timing/Notes |
|---|---|---|
| Annual cash retainer | $90,000 | Paid quarterly in May, Aug, Nov, Feb |
| Audit Committee Chair retainer | $25,000 | Additional annual cash for role |
| Total cash (FY2024) | $115,000 | Chapin’s “Fees Earned or Paid in Cash” |
Performance Compensation (Director)
| Equity Type | Grant Date | Quantity | Grant-Date Fair Value | Vesting/Terms |
|---|---|---|---|---|
| Stock award (common shares) | May 1, 2024 | 1,218 shares | $124,967 | Not subject to restrictions or vesting |
| RSUs | May 1, 2024 | 977 RSUs | $99,967 | 100% vest at the next annual meeting date (Apr 22, 2025) subject to continued service; accelerates on death, disability, qualifying retirement, or termination within 12 months following a change in control (double-trigger) |
- 2024 total stock awards reported: $224,933.
- As of Dec 29, 2024, Chapin held 977 unvested RSUs; no stock options outstanding.
- Performance metrics: No performance-based metrics apply to director equity; awards are time-based (RSUs) and unrestricted stock.
Other Directorships & Interlocks
| Company | Role | Committee Roles (if disclosed) | Notes |
|---|---|---|---|
| O-I Glass, Inc. | Director | Not specified | Public company |
| PHINIA, Inc. | Director | Not specified | Public company |
| CIRCOR International, Inc. | Director | Not specified | Former (until 2023) |
| Compensation Committee Interlocks (RVTY) | — | — | Proxy reports no interlocks involving Revvity’s executives during FY2024 |
Expertise & Qualifications
- Corporate finance, capital markets, and strategic advisory leadership; extensive M&A and transactional financing experience.
- Audit oversight expertise; designated Audit Committee Financial Expert by Revvity’s Board.
- Industrial market knowledge and public company audit committee service experience.
Equity Ownership
| Holder | Shares Owned Directly | Stock-Based Holdings | Acquirable Within 60 Days | Total Beneficial Ownership | % of Outstanding |
|---|---|---|---|---|---|
| Samuel R. Chapin | 17,984 | 0 | 0 | 17,984 | ~0.015% (17,984 / 120,147,286 shares outstanding as of Feb 25, 2025) |
- Stock ownership guidelines: Directors must own ≥5× annual cash retainer; all directors were in compliance as of Feb 14, 2025.
- Hedging/derivative trading: Prohibited for directors under the Securities Trading Policy; options/derivatives/short sales banned. Officers may not pledge shares; policy bars director hedging and monetization transactions.
Governance Assessment
- Board effectiveness: Chapin’s finance and M&A background, combined with audit chair leadership and Audit Committee Financial Expert designation, strengthens financial oversight and ERM reporting to the Board; the audit committee met 8 times in FY2024, indicating active oversight.
- Independence and engagement: Affirmed independent; attendance at or above the 75% threshold; participates in executive sessions of independent directors.
- Compensation alignment: Director pay structure mixes modest cash retainer with meaningful equity (unrestricted shares + time-based RSUs); RSUs are double-trigger on change in control—shareholder-friendly relative to single trigger; no options or performance metrics for director pay.
- Ownership alignment: Holds Revvity shares and unvested RSUs; company reports all directors comply with ownership guidelines; policy prohibits hedging, supporting alignment.
- Conflicts/related-party exposure: No Chapin-specific related-party transactions disclosed; the Board maintains a formal related party transactions policy administered by Nominating & Corporate Governance.
- Investor confidence signals: Strong 2024 say‑on‑pay support (95.7%) suggests overall shareholder confidence in compensation governance; ongoing investor outreach programs further support governance transparency.