Aina Konold
About Aina E. Konold
Aina E. Konold (age 56) is an independent Class III director of Savers Value Village (SVV) and Chairperson of the Audit Committee, serving on the Board since July 2021. She has 30 years of global retail, finance, and operating experience, including CFO roles at BowFlex Inc. (2019–Aug 2024) and PacSun (Aug–Oct 2024), and senior finance leadership at Gap Inc.; she holds a B.A. from Stanford and began her career at PwC . The Board has affirmatively determined she is independent under NYSE rules, and she is designated an SEC “audit committee financial expert” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BowFlex Inc. | Chief Financial Officer | Dec 2019 – Aug 2024 | Led Finance, Strategy, BD, IT; company filed Chapter 11 on Mar 4, 2024 . |
| PacSun Holdings LLC | Chief Financial Officer | Aug 2024 – Oct 2024 | Short transition CFO assignment . |
| Gap Inc. | Senior finance and operating roles; Founding CFO, Gap China | ~1998–2019; China CFO Mar 2011–May 2018 | Led China through hypergrowth; scaled digital/e-commerce model . |
| PricewaterhouseCoopers | Early career | N/A | Audit/finance foundation . |
External Roles
| Organization | Role | Since | Notes |
|---|---|---|---|
| Form Technologies (private) | Director; Audit Committee Chair | Mar 2025 | Precision-engineered components manufacturer . |
| Astro Information Security | CFO Advisor, Advisory Board | Dec 2024 | Advisory capacity . |
Board Governance
- Committee assignments: Audit Committee Chair; committee members include Susan O’Farrell and Robyn Collver; meetings in fiscal 2024: 4 .
- Independence/financial expertise: The Board determined Konold is independent; both Konold and O’Farrell are “audit committee financial experts” (SEC definition) .
- Attendance/engagement: In fiscal 2024, Board met 5 times; each standard committee met 4 times; all directors attended at least 75% of Board/committee meetings held while serving; all directors attended the 2024 annual meeting .
- Controlled company context: SVV is a “controlled company” under NYSE rules due to Ares Funds’ ownership; Audit Committee independence is maintained, but other independence requirements may be exempted while controlled .
Fixed Compensation (Director Pay)
| Component (Fiscal 2024) | Amount | Details |
|---|---|---|
| Annual cash retainer | $80,000 | Paid quarterly . |
| Audit Committee Chair fee | $25,000 | Additional annual cash retainer . |
| Total cash for Konold | $105,000 | Shown in 2024 director comp table . |
| Annual equity retainer (RSUs) | $130,000 | Time-based RSUs vest on earlier of 1-year or next annual meeting; deferrable until separation . |
| 2024 Stock awards (Konold) | $129,987 | Aggregate grant-date fair value . |
| Options granted in 2024 | $0 | No option grants to directors in 2024 . |
Year-over-year mix (context):
- 2023: Cash $82,500; Options $89,183; RSUs $165,456 (IPO-related RSU grant); 2024: Cash $105,000; RSUs $129,987; Options $0 → Shift away from options to time-based RSUs post-IPO .
Performance Compensation
| Performance Element | Applies to Non-Employee Directors? | Notes |
|---|---|---|
| Annual cash bonus tied to metrics | No | Director comp is retainers + equity; no disclosed performance-based cash . |
| Performance share units (PSUs) | No | Annual director equity is time-based RSUs . |
| Option awards with performance conditions | No new grants in 2024 | Prior legacy options may exist; no 2024 option grants to directors . |
Policies relevant to incentives:
- Hedging/pledging: Prohibited for directors and officers .
- Clawback: Applies to executive officers for material restatements; not stated as applying to directors .
Other Directorships & Interlocks
| Company | Public/Private | Role | Potential Interlock/Conflict |
|---|---|---|---|
| Form Technologies | Private | Director; Audit Chair | No SVV-related transaction disclosed . |
| Astro Information Security | Private | CFO Advisor | No SVV-related transaction disclosed . |
No SVV-disclosed related-party transactions involving Konold; audit committee oversees related-party review by policy .
Expertise & Qualifications
- Financial reporting and audit expertise; designated audit committee financial expert .
- Retail industry and strategic planning/growth experience .
- Risk management, IT/security oversight via Audit Committee focus on cybersecurity and data privacy .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (Mar 31, 2025) | 49,419 shares; includes 42,197 options exercisable within 60 days (less than 1% of class) . |
| RSUs outstanding (as of FY2024 year-end) | 9,433 RSUs; elected to defer settlement until separation from Board service . |
| Director stock ownership guideline | 5× annual cash retainer; compliance due by 5 years from guideline adoption or appointment; unvested RSUs count, options excluded . |
| Hedging/pledging | Prohibited . |
Insider Trades (Form 4)
| Transaction Date | Type | Security | Quantity | Price | Post-Transaction Ownership | Source |
|---|---|---|---|---|---|---|
| 2025-06-04 | Award (A) | RSU | 12,206 | $0.00 | 12,206 | SEC Form 4 link |
| 2024-06-05 | Award (A) | RSU | 9,433 | $0.00 | 9,433 | SEC Form 4 link |
| 2024-06-05 | Exempt (M) conversion | Common Stock (from RSUs) | 7,222 | $0.00 | 7,222 | SEC Form 4 link |
| 2024-06-05 | Exempt (M) conversion | RSU (disposed) | -7,222 | $0.00 | 0 | SEC Form 4 link |
Data retrieved via insider-trades skill; ownership figures and URLs as filed on SEC EDGAR.
Say-on-Pay & Shareholder Votes (Context for governance)
- 2025 annual meeting (June 4, 2025): Say-on-Pay approved (For 155,229,848; Against 778,088; Abstain 108,522; Broker non-votes 687,246). Class II directors (not Konold’s class) elected; KPMG ratified (For 156,317,158; Against 393,120; Abstain 93,426) .
- 2024 annual meeting (June 5, 2024): Say-on-Pay approved (For 153,774,039; Against 3,159,577; Abstain 37,209; Broker non-votes 229,399); annual frequency for future Say-on-Pay chosen .
Director Compensation Details (Konold)
| Year | Cash Fees | Stock Awards (RSUs) | Option Awards | Total |
|---|---|---|---|---|
| 2024 | $105,000 | $129,987 | — | $234,987 |
| 2023 | $82,500 | $165,456 | $89,183 | $337,139 |
Program structure:
- Non-employee director comp = cash + time-based RSUs; no meeting fees; RSUs can be deferred until separation .
- 2024 grants: time-based only; no director options granted in 2024 .
- Legacy options outstanding for Konold: 64,910 options (as of FY2024 year-end, outstanding) .
Risk Indicators & Red Flags
- BowFlex Chapter 11 occurred while Konold was CFO; she separated in Aug 2024. This is a watchpoint for investors assessing past performance under stressed conditions .
- Controlled company governance: Ares Funds’ rights can influence key corporate actions and Board composition; while Audit independence is maintained, other committees may include non-independent directors, reducing some shareholder protections vs. non-controlled peers .
- Pledging/hedging prohibition and director ownership guidelines mitigate alignment concerns; RSU deferral further aligns interests .
Compensation Committee Analysis (Board-Level)
- Composition: Rosen (Chair), Smith, Allen, Woods; four meetings in FY2024 .
- Independent consultant: FW Cook engaged in FY2024; Committee determined no conflicts; FW Cook serves solely the Committee (and did not perform other services for the Company) .
Governance Assessment
- Strengths: Deep retail/CFO experience; Audit Chair and SEC “financial expert”; strong Audit oversight including cybersecurity/data privacy; consistent meeting attendance; anti-hedge/pledge policy; director stock ownership guidelines; RSU deferral indicates long-term alignment .
- Watchpoints: Prior CFO role during BowFlex bankruptcy may draw scrutiny; controlled company structure concentrates influence with Ares Funds; no director-specific performance-based equity (standard among peers, but removes explicit performance linkage) .
- Shareholder sentiment: Strong recent Say-on-Pay support and straightforward director election outcomes support governance stability .