Linda K. Nelson
About Linda K. Nelson
Independent director since February 2021 (age 61) with 30+ years in financial and operational management. Currently CFO of IDI Billing Solutions (independent software vendor for telecom billing/operations); previously CFO, First American Equipment Finance (2011–2013), and 15 years at Birds Eye Foods culminating as EVP, CFO and Secretary in 2008. Designated an “audit committee financial expert” and serves on the Audit Committee; the Board classifies her as independent under NASDAQ standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| IDI Billing Solutions, Inc. | Chief Financial Officer | Current | Leads finance for independent software vendor serving communications service providers |
| First American Equipment Finance | Chief Financial Officer | 2011–2013 | Senior finance leadership at specialty finance firm |
| Birds Eye Foods, Inc. | Executive Vice President, Chief Financial Officer & Secretary | EVP/CFO in 2008; 15 years total prior | Progressively senior finance roles culminating in C-Suite |
| Various companies | Financial executive consultant | Prior to current role | Senior leadership and M&A due diligence for PE firms and entrepreneurs |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| IDI Billing Solutions, Inc. | Chief Financial Officer | Current | Billing/operations software vendor for communications service providers |
Board Governance
- Independence: Board determined she is independent under NASDAQ; only the CEO (Palmby) and Director Call are not independent in 2025.
- Committee assignments: Audit Committee member (with Woodward, Chair, and Ware); Nelson is designated an “audit committee financial expert.”
- Meetings and attendance: Board held 4 meetings in FY2025; Audit Committee met 4 times; each director attended every Board and committee meeting on which they served.
- Leadership structure: Non-executive Chair (Kayser) and separate CEO; independent committees with executive sessions as appropriate.
| Committee | Role | FY2025 Meetings | Attendance |
|---|---|---|---|
| Audit Committee | Member; Audit Committee Financial Expert | 4 | 100% (each director attended all Board/committee meetings) |
Fixed Compensation
| Component | FY2025 Amount | Notes |
|---|---|---|
| Quarterly cash retainer | $20,000 | Non-employee directors paid $20,000 per quarter |
| Annual cash retainer (total) | $80,000 | Linda K. Nelson received $80,000 in FY2025 |
| Meeting fees | Not disclosed | No separate meeting fees disclosed |
| Committee chair fees | Not applicable | Nelson is not a committee chair; no chair fees disclosed |
Performance Compensation
- No equity or performance-based compensation for directors is disclosed; director pay is cash retainer only.
| Metric | Award Type | Grant Date | Terms |
|---|---|---|---|
| Not applicable | No director stock/option awards disclosed | — | Director compensation is quarterly cash only |
Other Directorships & Interlocks
| Company | Role | Committee Positions | Notes |
|---|---|---|---|
| None disclosed | — | — | No public company board memberships disclosed in biography |
Expertise & Qualifications
- Financial leadership: CFO at IDI Billing; prior CFO roles; extensive operational and financial management experience.
- Audit expertise: Designated “audit committee financial expert” under SEC rules.
- M&A diligence: Senior roles on acquisition and merger due diligence teams for PE firms and entrepreneurs.
Equity Ownership
| Security Class | Beneficially Owned | % of Class |
|---|---|---|
| Class A Common | None reported | * (<1%) |
| Class B Common | None reported | * (<1%) |
| 6% Preferred | None reported | * (<1%) |
| 10% Series A Preferred | None reported | * (<1%) |
| 10% Series B Preferred | None reported | * (<1%) |
Governance Assessment
- Strengths: Independent director with CFO background and designated audit financial expert; sits on Audit Committee with documented engagement (4 meetings FY2025) and perfect attendance; Board maintains independent oversight with non-executive Chair and executive sessions. These factors support effective risk oversight and investor confidence.
- Oversight context: Audit Committee oversaw change in auditor (to Deloitte) following a previously reported material weakness in ICFR in FY2023; committee met more frequently in FY2024 (7 meetings), indicating elevated oversight during transition, a positive governance signal.
- Alignment risk indicators: Director compensation is cash-only with no equity grants; Nelson reported no beneficial ownership across classes, suggesting limited direct alignment with shareholder returns. Consider engaging on ownership guidelines or voluntary share accumulation to strengthen alignment.
- Conflicts/related party exposure: No related-party transactions disclosed for Nelson; Board states no undisclosed relationships affecting independence among independent directors.