Eric D. Tanzberger
About Eric D. Tanzberger
Eric D. Tanzberger, age 56, is an independent director of Sanara MedTech Inc. (SMTI) since 2022. He serves as Executive Vice President and Chief Financial Officer of Service Corporation International (SCI) and previously was SCI’s SVP & CFO (2006–2024), with prior roles including Corporate Controller; he began his career at Coopers & Lybrand. He holds a BBA from the University of Notre Dame and is designated by SMTI’s board as an “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees / Impact |
|---|---|---|---|
| Service Corporation International (SCI) | Executive Vice President & Chief Financial Officer | 2024–present | Senior finance leadership; responsibilities expanded to include IT in 2022 |
| Service Corporation International (SCI) | Senior Vice President & Chief Financial Officer; Treasurer (2007–2017) | 2006–2024 (CFO) | Led finance, treasury functions |
| Service Corporation International (SCI) | Corporate Controller | 2002 | Corporate accounting leadership |
| Coopers & Lybrand LLP | Financial services (early career) | N/A | Public accounting experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| United Way of Greater Houston | Executive Committee of the Board of Trustees; Audit Committee Chair | Ongoing | Non-profit governance and audit oversight |
Board Governance
- Independence: The board determined that Tanzberger is independent under Nasdaq rules.
- Committee assignments: Audit Committee (Chair); Corporate Development Committee (Member).
- Financial expertise: Designated as an “audit committee financial expert.”
- Attendance: In 2024, each director attended at least 75% of total board and committee meetings; all eight directors attended the 2024 annual meeting.
- Meeting cadence (2024): Board (4); Audit (4); Compensation (6); Nominating & Governance (6); Corporate Development (4).
- Lead Independent Director: None; the board maintains a combined Executive Chairman/CEO structure.
Fixed Compensation (Director)
| Component (2024 service cycle) | Detail | Evidence |
|---|---|---|
| Annual cash retainer | $0 (retainers paid in equity) | Non-Employee Director Compensation table shows $0 cash for directors |
| Equity retainer (time-vested RS) | 3,768 shares; intended value $115,000; grant date June 12, 2024; vests June 12, 2025 | Grant program and counts/values disclosed ; vesting timing |
| Reported stock award grant-date value | $117,825 (ASC 718) | Director compensation table |
| Committee chair/member fees | Incorporated into equity through policy (Audit Chair +$20k; committee member +$5k) | Director equity policy: board $90k; Audit Chair $20k; committee member $5k; all payable in restricted stock |
| Meeting fees | None disclosed |
Performance Compensation
- SMTI does not provide performance-based (metric-driven) equity or cash to non-employee directors; director compensation consists of annual restricted stock retainers that vest with service. No performance metrics or targets disclosed for director pay.
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed for Tanzberger beyond SMTI |
| Private/non-profit boards | United Way of Greater Houston (Exec Committee; Audit Chair) |
| Potential interlocks/conflicts | None disclosed involving Tanzberger; audit committee (which he chairs) oversees related-party transactions |
Expertise & Qualifications
- Audit committee financial expert with extensive CFO experience at a large public company (SCI).
- Deep financial reporting, internal controls, risk oversight and IT responsibility (SCI responsibilities broadened to IT in 2022).
- Company policy prohibits hedging, short sales, options trading, and pledging of company stock without prior CEO/CFO approval, supporting alignment and risk mitigation.
Equity Ownership
| Metric | Amount/Detail |
|---|---|
| Total beneficial ownership (4/11/2025) | 14,068 shares (<1% of outstanding) |
| Unvested restricted stock included | 3,768 RS; vests June 12, 2025 |
| Options | None disclosed for Tanzberger |
| Shares pledged | No pledging disclosed; policy restricts pledging absent pre-approval |
| Shares outstanding (for context) | 8,887,984 (as of 4/11/2025) |
Governance Assessment
- Positives:
- Independent director and Audit Committee Chair with “audit committee financial expert” designation—strong signal for financial oversight and internal control rigor.
- Equity-only director compensation with clear vesting schedule aligns director incentives with shareholder value; no cash retainers or meeting fees.
- Board and committee engagement appear adequate given 2024 meeting cadence and ≥75% attendance threshold met by all directors.
- Watch items:
- No Lead Independent Director; Executive Chairman and CEO roles combined—may raise independence optics, although board maintains majority-independent composition.
- Related-party transactions at the company (Catalyst, Rochal) are overseen by the audit committee; none involve Tanzberger based on disclosures, but ongoing oversight remains important. -
- Shareholder feedback context:
- 2023 say-on-pay received strong support (For 5,548,532; Against 24,489; Abstain 888; Broker Non-Votes 1,791,319), indicating general investor confidence in compensation governance at that time.
Notes:
- All details reflect SMTI’s 2025 Definitive Proxy and related filings. Where not disclosed (e.g., director-specific attendance %, insider trades, ownership guidelines), items are omitted consistent with filings. -