Peter A. Davis
STEVEN MADDENAbout Peter A. Davis
Independent director of Steven Madden, Ltd. since 2022; age 71. Davis is a retired footwear/apparel executive with 40+ years in industry leadership roles (Skechers, Fila, Reebok, Joy & Mario, Dynasty Footwear), founder of The Infamous Black Sheep Brand, and Managing Director of Pete Davis Basketball, LLC; he is also a former NBA player . He is designated independent under Nasdaq/SEC standards and currently serves on the Compensation Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Joy & Mario Footwear | Senior Vice President of Footwear | 2013–2018 | Sales/marketing leadership |
| Skechers; Fila; Reebok; Dynasty Footwear | Executive leadership roles in sales/marketing | Not disclosed | Industry operating expertise |
| The Infamous Black Sheep Brand | Founder | Not disclosed | Urban action sports brand creation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Pete Davis Basketball, LLC | Founder & Managing Director | 2019–present | Grassroots community youth basketball organization |
Board Governance
| Attribute | Detail |
|---|---|
| Independence | Independent director |
| Committee Assignments | Compensation Committee (Member) |
| Committee Chairs | None (not a chair) |
| Presiding/Lead Independent Director | Presiding Director: Peter Migliorini (chairs executive sessions) |
| Board Meetings in FY2024 | 4 regular meetings; each director attended ≥75% of Board and committee meetings |
| Compensation Committee Activity FY2024 | 3 meetings; 2 written consents |
| Annual Meeting Attendance | 9 directors attended 2024 annual meeting |
| Executive Sessions | Held generally at each regular meeting |
Fixed Compensation
| Component (FY2024) | Amount | Notes |
|---|---|---|
| Annual Board Retainer (cash) | $75,000 | Standard for non-employee directors |
| Committee Membership Fee (cash) | $10,000 | Per committee; Davis is on Compensation Committee |
| Total Cash Fees | $85,000 | As reported in director compensation table |
| Equity Grant (restricted stock) | $120,018 fair value | 2,906 shares granted in 2024; vests 5/20/2025 |
| RSU Shares Granted | 2,906 | Issued in FY2024 |
| Vesting Date | May 20, 2025 | One-year vest from grant anniversary |
| Option Awards | $0 | No options outstanding |
| Total Director Compensation (cash + equity) | $205,018 | FY2024 total |
Performance Compensation
| Metric/Instrument | Status | Evidence |
|---|---|---|
| Performance-based cash bonus (Director) | Not applicable | FY2024 director comp shows only fees and stock awards; no bonus line for directors |
| Performance-based equity (Director) | Not applicable | Directors received time-based restricted stock; no performance equity disclosed for directors |
| Option awards | None outstanding | Mr. Davis had no options at 12/31/2024 |
Other Directorships & Interlocks
| Company | Role | Notes |
|---|---|---|
| None disclosed | — | Proxy lists other public directorships for Rosenfeld (PVH, past), Lynch (GAM), Sachdev (AGL); Davis is not listed, indicating no current public company boards disclosed . |
Expertise & Qualifications
- 40+ years in footwear/apparel; senior sales and marketing leadership at multiple branded companies .
- Founder/operator experience (The Infamous Black Sheep Brand; Pete Davis Basketball, LLC) .
- Former NBA player, bringing athlete/consumer perspective to product/brand strategy .
- Board skills matrix: retail industry experience; executive leadership; risk oversight; independent status .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total Beneficial Ownership | 6,824 shares (<1% of class) | As of 3/28/2025; SHOO shares outstanding 72,576,137 |
| Restricted Stock (unvested) | 2,906 shares | 2024 director grant; vests 5/20/2025 |
| Unrestricted Shares | 3,918 shares | Held without restriction |
| Options (exercisable/unexercisable) | None | No options outstanding |
| Hedging/Pledging | Prohibited for directors under policy | |
| Stock Ownership Guidelines | Non-employee directors must own ≥2x cash retainer value; 5-year compliance window; retain 25% of net shares until met |
Governance Assessment
- Independence and committee role: Davis is an independent member of the Compensation Committee, which oversees executive/director pay, clawback policy compliance, use of independent consultants (Gallagher, no conflicts), and alignment to peer benchmarks—supporting governance rigor .
- Engagement: Board met four times; Compensation Committee met three times with additional written consents; all directors met ≥75% attendance—no attendance red flags disclosed .
- Pay and alignment: Director mix is balanced (cash retainer + modest RSU grant) with no options or performance-linked director pay; ownership guidelines and anti-hedging/pledging policies enhance alignment and reduce risk .
- Conflicts/related-party exposure: Proxy outlines strong related-party review processes; no related-party transactions or legal proceedings involving Davis disclosed—low conflict risk .
- Shareholder signals: Say-on-pay approval exceeded 93% in 2024, indicating strong investor support for compensation governance; committee continues to consider feedback and maintain policies .
RED FLAGS: None disclosed specific to Davis (no legal proceedings, no related-party transactions, no hedging/pledging, adequate meeting attendance) .