Kenneth Lamneck
Director at SNX
Board
About Kenneth Lamneck
Independent director nominee (age 70) with 30+ years of leadership across IT distribution, hardware, software, and services. Former CEO of Insight Enterprises (2010–2021) and President, Americas at Tech Data (2004–2009); current advisory EVP role at Insight ends March 31, 2025. The Board has determined he will be independent as of April 1, 2025 upon conclusion of his Insight employment. Education: B.S., United States Military Academy at West Point; MBA, University of Texas at El Paso .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Insight Enterprises (NSIT) | President & CEO; Director | 2010–2021 | Led global IT solutions provider across 190+ countries |
| Insight Enterprises (NSIT) | Executive Vice President (advisor) | 2022–Mar 31, 2025 | Advisory to company projects; employment ends Mar 31, 2025 |
| Tech Data | President, Americas | 2004–2009 | Led U.S., Canada, Latin America operations |
| Arrow Electronics | Various executive roles (incl. President Arrow/Richey Electronics; President Industrial Computer Products) | 1996–2003 | P&L leadership across distribution segments |
| IBM | Engineer | Early career | Technical foundation |
| U.S. Army | Officer | 5 years | Leadership training |
External Roles
| Company | Exchange/Ticker | Role | Since | Committees |
|---|---|---|---|---|
| Benchmark Electronics | NYSE: BHE | Director | Jun 2013 | Chair, Nominating/Sustainability/Governance; Member, Audit |
| Fidelity National Information Services | NYSE: FIS | Director | Mar 2022 | Chair, Corporate Governance/Nominating/Sustainability; Member, Compensation |
Board Governance
- Independence: Board determined Lamneck is independent as of April 1, 2025 (post Insight advisory end). Until then he is not independent due to ongoing employment ties .
- Committees at SNX: Not assigned in FY24; committee memberships to be determined post-election. Standing committees and FY24 composition disclosed for Audit, Compensation, and Nominating & Corporate Governance (Lamneck not listed as he was a nominee) .
- Attendance: Board held seven meetings in FY24; all directors serving in FY24 attended ≥75% of Board/committee meetings, except two members with excused absences from two special meetings (Lamneck not serving in FY24) .
- Overboarding policy: SNX limits directors to ≤4 other public company boards without Board approval; Lamneck currently serves on two, within policy .
- Lead independent/Chair: Board Chair is Ann Vezina; non-management directors meet in regular executive sessions .
Fixed Compensation
| Component | FY24 Amount | Effective 2025 Amount | Notes |
|---|---|---|---|
| Annual Cash Retainer (non-executive director) | $100,000 | $110,000 | Payable quarterly; prorated for service period |
| Annual Equity Retainer (Restricted Stock) | ~$185,000 grant-date value | ~$210,000 grant-date value | Vests quarterly by fiscal quarters; share count based on specified grant-date pricing convention |
| Board Chair Cash Retainer | $150,000 | $150,000 | Additional to base retainer; quarterly in advance |
| Audit Committee Chair | $35,000 | $35,000 | Cash retainer |
| Compensation Committee Chair | $20,000 | $25,000 | Cash retainer |
| Nominating & Corporate Governance Chair | $20,000 | $20,000 | Cash retainer |
| Director Stock Ownership Guideline | ≥5x annual base retainer | ≥5x annual base retainer | 5-year compliance window for new directors |
Performance Compensation
- No performance-based equity or cash elements for non-executive directors are disclosed; director equity is time-based RSAs/RSUs with quarterly vesting. Hedging and pledging of company securities by directors is prohibited under SNX policies .
Other Directorships & Interlocks
- Technology distribution/manufacturing network: Prior leadership at Tech Data and Arrow creates deep sector expertise; current directorship at Benchmark (EMS/ODM/OEM) intersects with SNX’s Hyve and distribution ecosystem, though no related-party transactions are disclosed with Benchmark or FIS .
- Overlap with Insight: Ongoing advisory employment until Mar 31, 2025; SNX is a global distributor and Insight a major IT solutions reseller—sector proximity is a potential conflict sensitivity until independence date. The Board’s independence effective date reflects mitigation .
Expertise & Qualifications
- Deep operations and P&L leadership across IT distribution/reseller ecosystems (Insight CEO; Tech Data President Americas; Arrow segment leadership) .
- Governance experience as multi-committee chair (Benchmark, FIS), including governance and audit oversight .
- Technical and military leadership foundation (IBM engineer; West Point; MBA) .
Equity Ownership
- SNX beneficial ownership table (record date Feb 3, 2025) lists current directors and NEOs; Lamneck not included as he was a nominee and not yet a director. Director ownership guideline is ≥5x base retainer with a 5-year compliance window for newly elected directors .
- Policy: No hedging or pledging of SNX securities by directors and executive officers .
Insider Trades
| Date | Filing Type | Transaction | Shares | Price | Notes |
|---|---|---|---|---|---|
| — | — | — | — | — | No Form 4 filings for Lamneck at SNX as of the 2025 proxy; independence and board service commence April 1, 2025 if elected, after which any reportable transactions would be filed . |
Governance Assessment
- Strengths: Extensive IT distribution leadership and multi-board governance chair experience (Benchmark; FIS) bolster board effectiveness, risk oversight, and strategic alignment in SNX’s core markets. Independence determination tied to the end of Insight employment signals proactive conflict management .
- Watch items:
- Independence timing: Advisory EVP role at Insight through Mar 31, 2025 creates short-term sector overlap; independence begins April 1, 2025. Monitor any SNX–Insight commercial interactions until independence date. RED FLAG if any related-party transactions arise pre-independence (none disclosed) .
- Committee placement: Not disclosed pre-election; given expertise, likely governance or audit committee contributions post-election—confirm after board organization meeting .
- Broader governance environment: Board improving shareholder rights (proposals to eliminate supermajority voting, create stockholder special meeting right), strong FY24 say-on-pay support (~96%), and robust recoupment policy for incentive compensation (executives), which together support investor confidence .