Brian A. Prinz
About Brian A. Prinz
Independent director since February 2017; age 72 as of the 2025 record date. Retired executive with finance and operating leadership, including President and CFO roles at industrial manufacturer Current, Inc.; B.A. from Bryant College (1976). Serves as Chair of SACH’s Nominating & Corporate Governance Committee and member of Audit and Compensation; designated independent under NYSE American standards. Attended at least 75% of Board/committee meetings in 2024 and attended the 2024 annual meeting.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Current, Inc. | President & Chief Financial Officer | Sep 2001 – Sep 2022 | Led finance and operations at a manufacturer of laminates and carbon fiber products used across construction, recreation, energy exploration, defense. |
| Current, Inc. | Consultant | Sep 2022 – Sep 2023 | Post-retirement consulting role. |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Current, Inc. | Director | Since 2016 | Board service at industrial manufacturer; committee service not disclosed. |
Board Governance
| Item | Detail |
|---|---|
| Independence | Board determined Brian A. Prinz is independent under NYSE American rules; independent for Audit, Compensation, and Nominating & Corporate Governance committees. |
| Committee memberships | Audit Committee; Compensation Committee; Nominating & Corporate Governance Committee. |
| Committee chair roles | Chair, Nominating & Corporate Governance Committee. |
| Meeting attendance | Board held 16 meetings in 2024; Audit 6, Compensation 4, Nominating 2; all directors attended/participated in ≥75% of meetings; all attended the 2024 annual meeting. |
Fixed Compensation
| Component | Amount | Frequency | Notes |
|---|---|---|---|
| Non-employee director cash retainer | $90,000 per year | Quarterly ($22,500) | Effective Jan 1, 2024 under Director Plan (amended Sep 30, 2024). |
| Chair fee – Nominating & Corporate Governance | $2,500 per year | Quarterly ($625) | Chair fees unchanged in 2024. |
| Optional annual grant/fee at re-election | $20,000 cash (or fully vested shares of $20,000 value) | Lump sum at re-election | All non-employee directors elected Cash Option in 2024. |
| Loan Approval Committee service fee | $10,000 per year | Quarterly ($2,500) | Applies to the director serving on Loan Approval Committee; membership not disclosed for Mr. Prinz. |
| 2024 actual fees earned (Brian A. Prinz) | $136,560 | 2024 | Paid in cash; no stock awards issued to non-employee directors in 2024. |
Performance Compensation
| Component | Shares/Value | Grant Date | Vesting | Notes |
|---|---|---|---|---|
| Director stock awards (2024) | None | — | — | No stock awards issued to non-employee directors in 2024. |
Performance metrics tied to director compensation were not disclosed; the 2025 Omnibus Incentive Plan permits performance-based awards across metrics such as ROE, EPS, EBITDA, operating income, revenue growth, TSR, margins, cash flow, market share, and others, but these were not applied to director grants in 2024.
Other Directorships & Interlocks
| Company | Role | Public/Private | Potential Interlocks |
|---|---|---|---|
| Current, Inc. | Director (since 2016) | Not specified | No SACH-related interlocks or transactions disclosed. |
Expertise & Qualifications
- Finance and operations leadership over multiple decades; former President & CFO of a manufacturing company.
- Governance experience as committee chair (Nominating & Corporate Governance) and member of Audit and Compensation.
- Education: B.A., Bryant College (1976).
- Tenure on SACH Board since Feb 2017; independent status under NYSE American.
Equity Ownership
| Shares Beneficially Owned | % Outstanding | Unvested Restricted Shares | Vesting Schedule (Unvested) |
|---|---|---|---|
| 401,118 | <1% | 19,250 | 1,500 shares vest on Sep 7, 2025 and Sep 7, 2026; 1,250 vest on Oct 13, 2025; 5,000 vest on Mar 10, 2026, 2027, 2028. |
Policy alignment:
- Insider trading pre-clearance; prohibition on short sales and derivatives.
- Anti-pledging policy prohibiting pledging or holding company securities in margin accounts.
Governance Assessment
- Committee leadership and independence: Prinz is independent and chairs Nominating & Corporate Governance, supporting board refreshment and governance oversight; independent executive sessions occur within committees.
- Attendance and engagement: Met ≥75% attendance threshold across Board/committee meetings; attended 2024 annual meeting—indicative of active participation.
- Compensation structure (director): 2024 compensation was entirely cash (including $20k cash option), with no equity grants—reduces equity alignment but avoids performance-insensitive equity; plan allows fully vested share alternative.
- Ownership alignment: Holds 401,118 shares with disclosed unvested awards and vesting schedule; anti-pledging and trading restrictions strengthen alignment and mitigate risk.
- Conflicts/related-party: Company discloses no related-person transactions involving Prinz; related-party policy requires independent review and arms-length terms.
- Board effectiveness signals: Clear committee charters; succession planning described, with interim CFO appointment handled with independence safeguards (interim director not independent while serving; expectation to regain independence post appointment of permanent CFO).
Red flags: None disclosed specifically regarding Prinz (no pledging, hedging, related-party transactions, or attendance issues). Monitoring areas include the overall shift to all-cash director pay in 2024 (less equity linkage) and broader company transitions (CFO changes) for any impact on governance continuity.