Douglas Beck
About Douglas Beck
Douglas Beck, age 64, is Principal Accounting Officer and Senior Vice President of Finance, Controller at SHF Holdings (appointed September 24, 2025; serving as SVP Finance, Controller since May 2025). He is a licensed Certified Public Accountant with a B.S. in Accounting from Fairleigh Dickinson University; prior roles include CFO positions at AiAdvertising and ShiftPixy, and CFO/consultant at Beyond Air Inc. . SHF’s executive equity awards are subject to clawback policies and the company’s Amended and Restated – 2022 Equity Incentive Plan; base salary for Beck is $175,000 with no change upon appointment .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| SHF Holdings, Inc. | SVP Finance, Controller | May 2025–present | Finance leadership and public-company reporting experience |
| SHF Holdings, Inc. | Principal Accounting Officer | Appointed Sept 24, 2025 | Accounting oversight; continuity in finance leadership |
| AiAdvertising, Inc. | Chief Financial Officer | Nov 2024–Apr 2025 | Public-company CFO experience |
| ShiftPixy, Inc. | Chief Financial Officer | Jan 2023–Mar 2024 | Public-company CFO experience |
| Beyond Air Inc. | Consultant | Sep 2021–Dec 2022 | Finance advisory |
| Beyond Air Inc. | Chief Financial Officer | Nov 2018–Aug 2021 | Public-company CFO experience |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | None disclosed | — | — |
Fixed Compensation
| Component | Amount/Terms | Effective Date | Notes |
|---|---|---|---|
| Base salary | $175,000 | Sept 24, 2025 | No change upon appointment; equity awards subject to 2022 Plan, standard award agreements, and clawback policies |
| Target bonus % | Not disclosed | — | — |
| Actual bonus paid | Not disclosed | — | — |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual/Payout | Vesting/Terms |
|---|---|---|---|---|---|
| Equity awards (options/RSUs under 2022 Plan) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Awards subject to the Amended and Restated – 2022 Equity Incentive Plan and clawback policies; Plan amended July 2025 to increase share reserve to 626,749 and add automatic increases to maintain 15% of outstanding shares annually; “Dilution Event” auto-increase to maintain 10% reserve |
Equity Ownership & Alignment
| Metric | Value | Detail |
|---|---|---|
| Total beneficial ownership (shares) | 45,875 | Composed entirely of incentive stock options exercisable within 60 days |
| Ownership as % of shares outstanding | 1.4% | Based on 2,953,473 shares outstanding as of Oct 14, 2025 record date |
| Options – exercisable vs. unexercisable | Exercisable within 60 days | Beneficial ownership includes options exercisable within 60 days under SEC rules |
| Option strike and term | $2.40 strike; 10-year from grant | Footnote indicates $2.40 exercise price; options expire ten years from grant date |
| Shares pledged as collateral | None disclosed | Proxy states no pending arrangements or pledges indicating potential change in control (general disclosure) |
| Hedging policy | Prohibited without CLO consent | Covered persons (officers, directors, employees) prohibited from hedging/monetization transactions absent prior written consent |
| Clawback policy | Applicable | All equity awards subject to company clawback policies |
Employment Terms
| Term | Detail |
|---|---|
| Appointment date | September 24, 2025 (Principal Accounting Officer); continues as SVP Finance, Controller |
| Contract term | No arrangements/understandings disclosed with respect to appointment |
| Severance | Not disclosed |
| Change-of-control | Not disclosed |
| Non-compete / Non-solicit | Not disclosed |
| Garden leave / Consulting post-termination | Not disclosed |
Compensation Structure Analysis
- Shareholders approved an Equity Incentive Plan amendment on July 8, 2025, raising the plan reserve and instituting automatic increases (to maintain 15% of outstanding annually and 10% upon a “Dilution Event”), signaling increased reliance on equity-based compensation and potential ongoing dilution capacity .
- Special proxy proposals contemplate substantial increase in authorized common shares (from 130,000,000 to 1,000,000,000), approval of convertible preferred/warrants issuances, and a reverse split range, collectively expanding capital structure flexibility and potential dilution paths that can influence executive equity value realizations .
Say-on-Pay & Shareholder Feedback
- 2025 Annual Meeting voting results: Equity Incentive Plan amendment approved (For: 1,231,988; Against: 414,033; Abstain: 489; Broker non-votes: 449,323), indicating investor acceptance of expanded equity reserve; a shareholder governance proposal was not approved (For: 450,985; Against: 1,181,295) .
Investment Implications
- Alignment: Beck’s equity exposure is via options (45,875, all exercisable within 60 days), with clawbacks and anti-hedging policy in place—positive for alignment but near-term exercisability can translate to sellable supply upon price appreciation .
- Dilution/supply overhang: Equity plan auto-increase mechanics and authorization expansion (plus preferred/warrant issuance proposals) heighten dilution risk, potentially pressuring per-share metrics and influencing insider exercise/sale timing decisions .
- Corporate risk backdrop: The company’s recent filings note going-concern risks and reliance on external capital lines (CREO resale prospectus), which can affect executive incentive realizability and trading dynamics around capital events .