Vincent Puccio
About Vincent Puccio
Vincent Puccio, age 55, has served as an independent director of Society Pass (SOPA) since June 2024 and also holds the corporate Secretary role. He brings 25+ years in luxury men’s apparel retail (store manager to general manager) and has been a supervising agent at American Income Life since March 2021; he holds a B.A. in English from UC Irvine (1993) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| American Income Life | Supervising Agent (sales team lead, hiring manager) | Mar 2021 – present | Sales leadership and hiring responsibility |
| Don Vincent Store for Men | Store Manager → General Manager | 1999 – 2020 | Retail operations, merchandising, customer engagement |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NusaTrip Incorporated (SOPA subsidiary preparing IPO) | Director | As of signatures July 24, 2025 | Board oversight at subsidiary; registration on Form S-1/A shows board role |
Board Governance
- Independence: Board affirmed Puccio meets Nasdaq independence requirements .
- Committee memberships (current): Audit Committee (Member); Remuneration Committee (Member). Chairs: Audit—Mark Carrington; Remuneration—Michael Freed; Nominating & Corporate Governance—Michael Dunn .
- Attendance: No director attended fewer than 75% of meetings; Board, Audit, Remuneration, and Nominating each held 4 meetings in FY2024 . In FY2023, Board had 10 meetings; committees each held 4; no attendance issues .
- Engagement: Signed the Audit Committee report for FY2024 alongside Carrington and Washko .
| Committee | Puccio Role | Chair | FY2024 Meetings |
|---|---|---|---|
| Audit | Member | Mark Carrington | 4 |
| Remuneration | Member | Michael Freed | 4 |
| Nominating & Corporate Governance | — | Michael Dunn | 4 |
Fixed Compensation
| Year (FY End) | Fee Earned / Paid in Cash ($) | Stock Awards ($) | Options ($) | Other ($) | Total ($) |
|---|---|---|---|---|---|
| 2024 (12/31/2024) | 46,750 | — | — | — | 46,750 |
Performance Compensation
- No equity or option grants disclosed to Puccio for FY2024; no performance-based director compensation metrics disclosed .
- Prior-year director stock awards (FY2023) applied to directors who resigned in 2024; Puccio was appointed June 2024 and not part of that cohort .
Other Directorships & Interlocks
| Company | Role | Relationship to SOPA | Potential Interlock/Conflict |
|---|---|---|---|
| NusaTrip Incorporated | Director | SOPA subsidiary in travel platform segment | Typical parent–subsidiary board overlap; no related-party transaction disclosed involving Puccio |
Expertise & Qualifications
- Retail operations and sales management; personnel hiring and team leadership .
- Governance experience via committee service (Audit and Remuneration) at SOPA .
- Secretary role indicates administrative familiarity with corporate records and board processes .
Equity Ownership
| As-of Date | Common Shares Beneficially Owned | Series X Super Voting Preferred | Percent of Common | Percent of Voting Stock |
|---|---|---|---|---|
| Aug 6, 2024 | 940 | — | * (nonmeaningful) | * (nonmeaningful) |
| Aug 28, 2025 | 5,940 | — | * (nonmeaningful) | * (nonmeaningful) |
Notes: “* Nonmeaningful” per proxy legend due to rounding thresholds .
Insider Filings
| Date | Filing | Summary |
|---|---|---|
| Jun 10, 2024 | Public tracker entry | Insider tracker lists “Puccio Vincent Albert – Common Stock – 940” (Form 3/4 context for new director holdings) . |
| Additional public tracker references confirm SOPA insider entries around appointment dates . |
Governance Assessment
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Signals of board effectiveness
- Puccio is an active committee member (Audit and Remuneration) and co-signatory to the FY2024 Audit Committee report, indicating participation in financial oversight .
- Shareholder support: At the Oct 21, 2025 Annual Meeting, Puccio received 33,509,460 votes “For” (~96.60%), with 61,125 withheld; quorum was 84.39%—a strong confidence signal .
-
Independence and conflicts
- Board confirms independence under Nasdaq rules , and 8-K states no related-party transactions involving Puccio upon appointment .
- RED FLAG (optics): Dual service as corporate Secretary while classified “independent director” can present perceived independence concerns, although SOPA explicitly affirms independence .
-
Alignment and incentives
- FY2024 director pay for Puccio was entirely cash ($46,750) with no equity grants—limited direct equity alignment in the year; ownership increased from 940 to 5,940 shares by Aug 2025 but remains small versus outstanding shares .
- SOPA discloses no anti-hedging policy currently, which is governance-standards atypical and a risk indicator for alignment .
“We do not currently have any practices or policies regarding hedging or offsetting any decrease in the market value of our equity securities.”
-
Related-party exposure
- Company related-party transactions in 2023–2024 centered on the former CEO Dennis Nguyen (consulting fees, preferred shares), not Puccio; no Puccio-linked RPTs disclosed .
Overall, Puccio’s committee participation and strong shareholder support are positives, while limited equity-based compensation, small personal ownership, and absence of anti-hedging policy are alignment concerns. The Secretary role alongside an “independent” designation merits monitoring for independence optics despite formal compliance .