Alfredo Miguel Bejos
About Alfredo Miguel Bejos
Alfredo Miguel Bejos (age 46) has served as a director of SEACOR Marine Holdings Inc. since June 11, 2019. He is President and CEO of Proyectos Globales de Energía y Servicios CME, S.A. de C.V. (“CME”) since 2012 and Executive President of Helicópteros Bell de México since 2009; earlier he held finance roles at Banco Santander Mexico (2000–2002). He sits on the boards of airline Volaris and Pure Leasing (since 2006), is on the Bell Helicopter Customer Advisory Panel, and holds a BA from Universidad Iberoamericana .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Proyectos Globales de Energía y Servicios CME | President & CEO | 2012–present | Energy and infrastructure sector experience |
| Helicópteros Bell de México | Executive President | 2009–present | Aviation sector leadership |
| Banco Santander Mexico | Finance positions | 2000–2002 | Finance experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Volaris (airline) | Independent Director | Since 2006 | Not disclosed in proxy |
| Pure Leasing | Independent Director | Since 2006 | Not disclosed in proxy |
| Bell Helicopter | Customer Advisory Panel Member | Current (date not disclosed) | Advisory role |
Board Governance
- Board service: Director since 2019; not listed as a member of Audit, Compensation, or Nominating & Corporate Governance committees in 2025 (committee compositions exclude Mr. Miguel) .
- Independence: Board determined a majority of directors are independent and explicitly lists Morse, Regan, Persily, and Young as independent; Mr. Miguel is not listed as independent (consistent with CME affiliations) .
- Attendance and engagement: The Board held 5 meetings in 2024; each current director attended at least 75% of combined Board and applicable committee meetings .
- Related-party oversight: Audit Committee adopted “Guidelines for Addressing Ongoing CME-Related Transactions”; Mr. Miguel recuses from Board and Audit Committee deliberations on CME-related matters .
Fixed Compensation
| Component | Amount/Detail | 2024 Value | Vesting/Timing |
|---|---|---|---|
| Annual cash retainer | Non-employee director retainer | $75,000 | Paid in cash |
| Equity – Board service RSUs | 6,701 restricted shares | $80,278 grant date fair value | Vests on earlier of 2025 annual meeting or June 4, 2025 |
| Committee equity awards | Not applicable (no committee service) | $0 | N/A (committee grants apply only to committee members) |
| Options held (legacy) | 23,925 options, all exercisable | N/A (comp table shows holdings, not grant value) | Exercisable as of Dec 31, 2024 |
Notes:
- Director equity awards calculated using trailing 60-day VWAP to smooth volatility; no meeting fees; directors are eligible under the company equity plans .
Performance Compensation
- No performance-based director compensation disclosed; director equity is time-based restricted stock that vests at the annual meeting date .
Performance Criteria (Company Plan – informs potential metrics, primarily for executives):
| Category | Example Metrics Allowed under 2025 Equity Incentive Plan |
|---|---|
| Growth/Profitability | Revenue; Net income; EPS; Gross profit; EBIT; EBITDA; Profit margin |
| Returns | ROE; ROA; Return on capital; Return on net assets |
| Cash/Capital | Free cash flow; Operating expenses; Capital expenses |
| Market/Value | Share price appreciation/maintenance; Market share; Enterprise value; Equity market capitalization |
| Strategic | Attainment of strategic and operational initiatives; Budget; Division/group/corporate goals |
Plan safeguards relevant to governance:
- Double-trigger change-in-control vesting; prohibition on option/SAR repricing; no discounted options; dividends deferred until vesting; transfer restrictions; minimum one-year vesting (with limited exceptions) .
Other Directorships & Interlocks
| Entity | Relationship | Potential Interlock/Conflict | Evidence |
|---|---|---|---|
| CME (parent) and MexMar (affiliate) | Mr. Miguel is CEO of CME; MexMar affiliated | Ongoing charter and management transactions; Miguel recuses; Audit Committee guidelines in place | |
| Volaris | Board member | No disclosed SMHI transactions; monitoring for customer/supplier overlaps advisable | Biography disclosure |
| Pure Leasing | Board member | No disclosed SMHI transactions | Biography disclosure |
Related-party transactions with CME/MexMar (2024):
| Transaction | Amount |
|---|---|
| Bareboat charter revenue from MexMar (PSV SEACOR Marlin) | $1.5 million |
| Management fee charged to MexMar | $0.3 million |
| Time charter (PSV SEACOR Chief via MexMar) to party related to CME | $6.2 million |
| Variable fee retained by MexMar on pass-through charters (1.9%–5.0% of gross time charter revenue) | $0.6 million in fees charged by MexMar (2024) |
Expertise & Qualifications
- Industry and functional expertise: Maritime aspects of international energy and infrastructure; transportation sector board experience; prior finance roles at Banco Santander Mexico .
- Board skills: Not designated as audit committee financial expert; Board’s audit committee financial experts are Morse and Young .
- Education: BA, Universidad Iberoamericana .
Equity Ownership
| Holder/Type | Shares | Status |
|---|---|---|
| Directly owned by Mr. Miguel | 114,845 | Beneficial; sole voting/dispositive power |
| Restricted stock (unvested RSUs) | 6,701 | Vests at 2025 annual meeting or June 4, 2025 |
| Options (exercisable within 60 days) | 23,925 | All exercisable |
| Indirect – Greenhouse Latam Holdings Inc. (GLH) | 1,000,000 | Mr. Miguel is controlling shareholder of GLH; deemed beneficial owner |
| Total beneficial ownership | 1,145,471 | 4.3% of class based on 26,852,347 shares outstanding |
Policy safeguards:
- Hedging and pledging of company securities prohibited for directors; trades subject to compliance pre-clearance .
Governance Assessment
- Independence and conflicts: Mr. Miguel is not classified as independent; his leadership role at CME and affiliates’ ongoing transactions with SMHI represent a standing related-party exposure. Mitigants include formal Audit Committee guidelines and his recusal from Board/Audit deliberations on CME-related matters; nonetheless, the magnitude and frequency of transactions warrant continued investor scrutiny and robust disclosure .
- Alignment: High ownership (4.3%) including 1,000,000 shares via GLH, plus time-based RSUs and exercisable options, indicates material financial alignment; hedging/pledging prohibitions support alignment integrity .
- Board effectiveness: Not serving on core committees reduces committee-level influence; Board attendance met minimum thresholds; committee meeting cadence (Audit 4; Compensation 4; Nominating 4 in 2024) shows active oversight by other independent directors .
- Director pay structure: Cash retainer plus time-based RSUs; no performance-linked director pay; equity calculated using trailing 60-day VWAP to reduce volatility in grant sizing; plan contains strong shareholder-friendly provisions (no option repricing, minimum vesting, dividend deferral) .
- RED FLAGS: Ongoing related-party transactions with CME/MexMar ($8.6 million aggregate 2024 revenue/fees) and fee pass-through model could create perceived conflicts; active monitoring of pricing fairness, approvals under policy, and adherence to recusal is critical for investor confidence .