Timothy J. Ruemler
About Timothy J. Ruemler
Independent director of Sharps Technology, Inc. since September 2021; currently serves as Chair of the Audit Committee (effective June 30, 2025) and previously chaired the Nominating and Governance Committee through June 30, 2025. Former Division President, SW Florida for Centex Homes (1993–2007), with prior roles in sales, construction, and finance; retired since 2007. Holds a BS in Accounting from Indiana State University; the Board has determined he qualifies as an “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Centex Homes | Division President, SW Florida | 1993–2007 | Responsible for all aspects of the division’s activities |
| Centex Homes (Naples, Raleigh, Tampa) | Sales Manager; Construction Manager; Controller; Assistant Controller | 1986–1993 | Operational and financial leadership across divisions |
| Prior employers | Auditor positions | Pre-1986 | Accounting/audit experience |
External Roles
- No other public company directorships or external board roles disclosed in the company’s proxy materials for Mr. Ruemler.
Board Governance
| Committee | Role | Effective Dates | Members (current/most recent) | Meetings (FY2024) | Independence/Expertise |
|---|---|---|---|---|---|
| Audit | Chair | Effective Jun 30, 2025 | Timothy J. Ruemler (Chair), Jason Monroe, Soren Christiansen | 4 | Board determined all members independent; Ruemler is an “audit committee financial expert” |
| Compensation | Member | Current | Jason Monroe (Chair), Timothy J. Ruemler, Soren Christiansen | 1 | Board determined committee members independent |
| Nominating & Governance | Member; Chair through Jun 30, 2025 | Through Jun 30, 2025 (Chair) | Soren Christiansen (Chair), Timothy J. Ruemler, Brenda Simpson/Jason Monroe (membership adjusted during 2025) | 1 | Board determined committee members independent |
| Board/Committee | FY2024 Meetings | Attendance |
|---|---|---|
| Board of Directors | 4 | Each director attended at least 75% of Board and committee meetings on which they served |
| Audit Committee | 4 | Not individually disclosed; Board reports ≥75% for directors |
| Compensation Committee | 1 | Not individually disclosed; Board reports ≥75% for directors |
| Nominating & Governance Committee | 1 | Not individually disclosed; Board reports ≥75% for directors |
- Independence: The Board determined Mr. Ruemler is independent under Nasdaq rules.
- Audit Committee scope includes review/approval of related party transactions and internal controls.
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $30,000 | $30,000 |
| Stock Awards ($) | — | — |
Notes:
- Cash fees reflect Board/committee service; no per-meeting fees disclosed.
Performance Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Option Awards ($) | $73,141 | $11,393 |
| Performance Metrics Tied to Director Pay | Not disclosed | Not disclosed |
- No director RSU/PSU awards for Mr. Ruemler disclosed; equity shown is options with aggregate grant-date fair values. Vesting/strike details for director options were not specified in the cited tables.
Other Directorships & Interlocks
- No current or prior public company boards for Mr. Ruemler disclosed; no interlocks with competitors/suppliers/customers reported.
Expertise & Qualifications
- BS in Accounting (Indiana State University), prior auditor roles, and multi-functional operating leadership at Centex Homes.
- Designated by the Board as an “audit committee financial expert.”
- Business operational experience cited as qualification to serve on the Board.
Equity Ownership
| As-of Date | Total Beneficial Ownership (shares) | % of Outstanding | Of which: Options exercisable ≤60 days |
|---|---|---|---|
| Sep 9, 2025 | 40,270 | Less than 1% | 20,052 |
- Beneficial ownership computed per SEC rules; excludes awards vesting >60 days after as-of date.
- Anti-hedging and anti-pledging policies are referenced in the company’s governance materials; specific director guideline thresholds not disclosed.
Governance Assessment
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Committee leadership and financial expertise: Chairing Audit and recognition as audit committee financial expert strengthens oversight of financial reporting, controls, and related party transactions.
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Independence and attendance: Board determined independence under Nasdaq rules; Board-wide attendance at least 75% in 2024 indicates baseline engagement.
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Ownership alignment: Holds 40,270 shares including 20,052 options within 60 days; position is <1% of outstanding, typical for small-cap boards but provides some alignment. No pledging disclosed.
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Director pay mix/trend: Modest cash retainer ($30k) with materially lower option value in 2024 vs. 2023 ($11k vs. $73k), suggesting reduced equity risk or grant cadence; no performance-based director pay disclosed.
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Conflicts/related-party exposure: Audit Committee mandate includes transaction oversight; proxy states no related person transactions above thresholds since Jan 1, 2024 (other than noted employment arrangements for executives), and none specific to Mr. Ruemler.
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RED FLAGS: None specifically identified for Mr. Ruemler in disclosures; monitoring warranted for evolving Board composition (e.g., executive appointments) and upkeep of independent committee membership.