Gregory Hinckley
About Gregory K. Hinckley
Independent director of SI-BONE since January 2011; age 78. Former President, CFO, and Executive Vice President of Mentor Graphics (various roles 1997–2017). Prior senior finance roles at VLSI Technology (SVP Finance), Crowley Maritime (SVP & CFO), and Raychem (senior officer positions). Education: BA in Physics & Mathematics (Claremont McKenna), Fulbright Scholar in applied mathematics (University of Nottingham), MS in Applied Physics (UC San Diego), MBA (Harvard Business School) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mentor Graphics Corporation | President | Nov 2000–Jul 2017 | Led EDA operations; long-tenured leadership |
| Mentor Graphics Corporation | Board Director | Jan 1999–Jun 2016 | Board service at major EDA firm |
| Mentor Graphics Corporation | Executive Vice President | Jan 1997–Nov 2000 | Senior operating role |
| Mentor Graphics Corporation | Chief Financial Officer | Jan 1997–Jul 2007; Dec 2008–Jul 2017 | Financial leadership across cycles |
| VLSI Technology, Inc. | SVP, Finance | Aug 1992–Jan 1997 | Semiconductor finance oversight |
| Crowley Maritime Corporation | SVP & CFO | Jan 1989–Nov 1991 | Marine logistics finance leadership |
| Raychem Corporation | Various senior officer roles | Prior to 1989 | Aerospace/auto/telecom products leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Bio-Rad Laboratories | Board Director | Since Apr 2017 | Life science and healthcare products |
| Super Micro Computer, Inc. | Board Director | Jan 2009–Feb 2015 | Server manufacturer |
| Intermec, Inc. | Board Director | Jul 2004–Sep 2013 | Auto-ID/data collection |
| Amkor Technology | Board Director | Nov 1997–Jul 2007 | Semiconductor assembly/test |
Board Governance
- Class II director; Board had nine members as of March 31, 2025. Class I nominees listed; governance table shows Hinckley as Director, Class II .
- Committee assignments (FY2024): Compensation Committee member; not on Audit or Nominating & Corporate Governance .
- Independence: SI-BONE states each director other than Mr. Dunn and Ms. Francis is independent under Nasdaq standards, covering Hinckley .
- Attendance: Board met four times in 2024; each director attended at least 75% of Board and committee meetings for which they served .
| FY2024 Committee Membership | Audit | Compensation | Nominating & Corporate Governance |
|---|---|---|---|
| Gregory K. Hinckley | M |
Fixed Compensation
| Component | Amount | Details |
|---|---|---|
| 2024 Fees Earned (Cash) | $54,250 | Reflects cash retainer and committee fees; Q4 2024 paid Jan 2025 |
| 2024 Stock Awards (RSUs, grant-date fair value) | $109,712 | RSUs valued per FASB ASC 718; market price at grant |
| 2024 Total Director Compensation | $163,962 | Sum of cash and equity |
Non-employee director compensation policy:
- Annual Board cash retainer: $45,000 .
- Committee retainers:
- Audit Chair $20,000; Member $10,000 .
- Compensation Chair $15,000; Member $7,000 .
- Nominating Chair $10,000; Member $5,000 .
- Lead Independent Director $5,000; Chair of the Board $45,000 .
Performance Compensation
- Directors receive time-based RSUs; no performance metrics apply to director equity; unvested equity fully accelerates upon change-of-control as defined in the 2018 Plan (subject to continuous service) .
| Director Equity Structure | Grant Value | Vesting | Change-of-Control Treatment |
|---|---|---|---|
| Initial RSU for new directors | $250,000 | Vests ratably over 36 months | Unvested shares fully vest immediately prior to effective date |
| Annual RSU for continuing directors | $120,000 | Vests ~1 year from grant | Unvested shares fully vest immediately prior to effective date |
Other Directorships & Interlocks
- Compensation Committee interlocks: None. During FY2024, SI-BONE’s Compensation Committee members (including Hinckley) were not officers/employees, and no SI-BONE executive served on boards/comp committees of companies with executive officers on SI-BONE’s Board/Compensation Committee .
- Related party transactions: None over $120,000 since the beginning of FY2024; Audit Committee oversees and pre-approves related party transactions .
Expertise & Qualifications
- Financial leadership depth (multiple CFO tenures; audit committee-relevant background). SI-BONE’s Board cites his financial experience and public-company board familiarity as reasons for valuable contributions .
- Technical/industry experience spanning EDA, semiconductors, life sciences, and logistics .
- Education: BA (Claremont McKenna), Fulbright Scholar (Nottingham), MS (UC San Diego), MBA (Harvard) .
Equity Ownership
| As of March 31, 2025 | Shares Owned (#) | Right to Acquire Within 60 Days (#) | Total Beneficial Ownership (#) | Percent of Outstanding |
|---|---|---|---|---|
| Gregory K. Hinckley | 160,187 | 18,826 | 179,013 | <1% |
Footnote: Shares include 84,584 held individually and 75,603 held as community property with Mary C. Hinckley .
Outstanding awards (as of Dec 31, 2024):
- Options outstanding: 18,826 shares .
- RSUs outstanding: 8,791 shares .
Ownership alignment safeguards:
- Stock ownership guidelines: Non-employee directors must hold shares equal in value to 3x annual Board cash retainer; unexercised options and unvested RSUs/PSUs do not count; five years to comply. As of end of FY2024, all non-employee directors had satisfied or were on track .
- Hedging/pledging: Prohibited for directors, employees, and consultants under SI-BONE’s Insider Trading Policy .
Governance Assessment
- Independence and committee engagement: Independent director; active Compensation Committee member, with the committee meeting six times in FY2024 .
- Attendance and engagement: Board met four times in 2024; all directors met or exceeded the 75% attendance threshold across Board and committees .
- Alignment and risk controls: Director pay is a mix of cash and time-based RSUs; stock ownership guideline in place; hedging/pledging prohibited; no related-party transactions disclosed >$120k in FY2024 .
- Tenure and refreshment signal: Long tenure (director since 2011) suggests deep institutional knowledge; the Nominating & Corporate Governance Committee emphasizes periodic refreshment and independence assessments in its process .
RED FLAGS: None disclosed in filings regarding related party transactions, hedging/pledging, or attendance shortfalls . Say-on-pay results indicate continued shareholder support (advisory approval at the 2025 meeting), which indirectly reflects on Compensation Committee oversight .