Margaret Ruiz
About Margaret Ruiz
Margaret Ruiz serves as Operations Manager and Corporate Secretary at Standard Premium Finance Holdings, Inc. (SPFX) and has held the Operations Manager role since August 2000 at Standard Premium Finance Management Corporation; she has been Operations Manager and Secretary at SPFX since 2017 . She is age 63 as of the 2025 proxy, with prior ~20 years in commercial banking at SunTrust Bank (1980–1997) and as Office Manager at Professional Therapeutic Alternatives (1997–2000) . Ruiz supervises 12 staff, oversees customer service for 600+ agents/agencies across the Southeast U.S. and Texas, and led an operating system overhaul converting 20,000+ customer records; she is the sister of CEO William Koppelmann . Performance metrics such as TSR, revenue growth, and EBITDA growth are not disclosed for her role in the proxy statements.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| SunTrust Bank | Commercial banking roles; HR recruiting/employment matters | 1980–1997 | Proficient in computer operations; liaison in data center supporting retail banking technical issues . |
| Professional Therapeutic Alternatives | Office Manager | 1997–2000 | Office leadership prior to joining Standard Premium Finance Management Corporation . |
| Standard Premium Finance Management Corporation (SPFMC) | Operations Manager | Aug 2000–present | Oversight of day-to-day operations; audit compliance; supervised 12 staff; customer service to 600+ agencies; led conversion of 20,000+ records and process overhaul . |
| Standard Premium Finance Holdings, Inc. (SPFX) | Operations Manager and Corporate Secretary | 2017–present | Corporate secretary duties; signed proxy notices on behalf of the Board . |
External Roles
No external public company directorships or committee roles are disclosed in the proxy statements .
Fixed Compensation
- Ruiz is not listed among SPFX’s “named executive officers” (NEOs) and her detailed cash compensation (salary, bonus) is not disclosed in the Summary Compensation Tables, which cover the CEO, CFO, VP Sales, and VP Marketing .
Performance Compensation
- No disclosure of equity incentive design (RSUs/PSUs), performance metrics, targets, or payouts for Ruiz; the proxy describes bonus structures and RSUs for the CEO and CFO only, not for Ruiz .
Equity Ownership & Alignment
| Metric | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Common Shares Beneficially Owned (incl. exercisable within 60 days) | 27,378 | 27,478 | 27,478 | 27,478 |
| Percent of Class | <1% | <1% | <1% | <1% |
| Directly Owned Common Shares | 17,478 | 17,478 | 17,478 | 17,478 |
| Options Exercisable within 60 Days | 10,000 | 10,000 | 10,000 | 10,000 |
| Option Strike Price | $0.80 | $0.80 | $0.80 | $0.80 |
| Shares Pledged as Collateral | Not disclosed in beneficial ownership table | Not disclosed | Not disclosed | Not disclosed |
- Ownership guidelines or compliance status are not disclosed for Ruiz; the proxies do not present officer ownership guidelines by role .
Employment Terms
- Role/Tenure: Operations Manager and Secretary since 2017 at SPFX; Operations Manager at SPFMC since August 2000 .
- Contracts/Severance: The 2025 proxy discloses detailed amended and restated employment agreements and severance/change-of-control terms for the CEO and CFO (base, target bonus, RSUs, severance multiples, accelerated vesting), but no specific employment agreement, severance, or change-of-control economics are disclosed for Ruiz .
- Non-compete/Non-solicit: Such provisions are noted for named executive officers (CEO/CFO) in 2025; Ruiz-specific restrictive covenants are not disclosed .
- Clawbacks, tax gross-ups, deferred comp, pension/SERP: The company does not maintain defined benefit pension or non-qualified deferred comp plans; no Ruiz-specific clawback or gross-up disclosures are provided .
Performance & Track Record
- Operational Execution: Ruiz led the successful overhaul of SPFX’s operating system, converting over 20,000 customer records and implementing new procedures; she also oversees customer service for 600+ agents/agencies and ensures audit compliance via strict internal controls .
- Governance/Related Party: Ruiz is the sister of CEO William Koppelmann, a related-party relationship noted in successive proxies .
Board Governance
- Ruiz is Corporate Secretary, not a director; committee memberships (Audit, Compensation, Nominating) relate to the Board and are not applicable to her .
Compensation Committee & Say-on-Pay
- Compensation oversight is conducted by the Compensation Committee; the 2022 proxy recommended holding advisory votes on executive compensation every three years, but detailed say-on-pay approval percentages are not provided .
Investment Implications
- Alignment: Ruiz’s beneficial ownership is modest (<1% across 2022–2025) with 17,478 directly owned shares and 10,000 ten-year options at $0.80 strike, implying limited personal selling pressure and modest alignment relative to the float .
- Transparency: Lack of detailed compensation and incentive disclosures for Ruiz (not a NEO) reduces pay-for-performance visibility and limits assessment of metric-linked incentives or vesting triggers .
- Governance Risk: The family relationship with the CEO (sibling) is a governance flag; investors should monitor for related-party considerations, segregation of duties, and independent oversight in operational and control functions .
- Contractual Protections: No Ruiz-specific employment, severance, or change-of-control terms are disclosed; contrast with robust CEO/CFO protections signifies potential retention risk asymmetry at the senior operations level, or simply a disclosure gap given NEO status .
Note: Executive compensation and employment agreement details in the proxies focus on the CEO and CFO; Ruiz is not listed as a “named executive officer,” so her compensation structure and incentive metrics are not disclosed .
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