Jeffrey T. Jackson
Latham GroupAbout Jeffrey T. Jackson
Jeffrey T. Jackson, age 59, was appointed as an independent Class III director of Latham Group, Inc. (SWIM) and member of the Audit Committee effective August 5, 2025; the Board determined he is independent and qualifies as an “audit committee financial expert” under SEC rules . Jackson is CEO of Cabinetworks Group (since 2024), former CEO/COO/CFO of PGT Innovations (2005–2024), and holds a BBA from the University of West Georgia; he is a CPA in Georgia . His initial Form 3 reported no beneficial ownership as of August 8, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PGT Innovations, Inc. (NYSE: PGTI) | Chief Executive Officer | 2018–May 2024 | Led growth and brand/innovation leadership in fenestration |
| PGT Innovations, Inc. (NYSE: PGTI) | Chief Operating Officer | 2014–2018 | Operations leadership |
| PGT Innovations, Inc. (NYSE: PGTI) | Chief Financial Officer | 2005–2014 | Finance leadership; qualifies as audit committee financial expert |
| The Hershey Company (NYSE: HSY) | Executive management roles | Prior to 2005 (dates not specified) | Consumer goods experience |
| Mrs. Smith’s Bakeries (Flowers Foods unit, NYSE: FLO) | Executive management roles | Prior to 2005 (dates not specified) | Food manufacturing experience |
| The Coca‑Cola Company (NYSE: KO) | Executive management roles | Prior to 2005 (dates not specified) | Consumer brands experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cabinetworks Group, Inc. (private) | Chief Executive Officer | 2024–Present | Manufacturing leadership |
| Smith Douglas Homes Corp. (NYSE: SDHC) | Lead Director; Audit Committee member; Compensation Committee Chair | Jan 2024–Present | Lead director responsibilities; comp chair oversight |
| Astec Industries, Inc. (NASDAQ: ASTE) | Director; Compensation Committee member | 2024–Present | Compensation oversight |
Board Governance
- Committee assignments: Audit Committee member at SWIM; in connection with his appointment, DeLu Jackson ceased service on the Audit Committee effective August 5, 2025 .
- Independence: Board determined Jackson is independent and qualifies as an audit committee financial expert .
- Attendance and engagement: SWIM’s Board held six meetings in 2024; all then‑serving directors attended at least 75% of Board and applicable committee meetings. Jackson joined in August 2025, so his 2024 attendance is not applicable .
- Standing committees and cadence: Audit (4 meetings in 2024), Compensation (6), Nominating & Corporate Governance (4) .
- Overboarding controls: Corporate Governance Guidelines limit directors to ≤3 other public boards and Audit Committee members to ≤2 other public company audit committees; Jackson serves on two other public boards and one other audit committee, within limits .
- Controlled company context: SWIM remains a “controlled company”; committees are fully independent; Pamplona holds nomination rights for certain directors but Jackson is not a Pamplona designee .
Fixed Compensation
| Component | 2024 Program Terms | Notes |
|---|---|---|
| Annual cash retainer – Chair | $125,000 | Paid quarterly in arrears |
| Annual cash retainer – Non‑employee director | $75,000 | Paid quarterly in arrears |
| Committee chair fees – Audit | $20,000 | Paid quarterly |
| Committee chair fees – Compensation | $15,000 | Paid quarterly |
| Committee chair fees – Nominating & Gov. | $10,000 | Paid quarterly |
| Annual equity retainer – Chair | $125,000 (RSUs) | Vests on first anniversary |
| Annual equity retainer – Non‑employee director | $95,000 (RSUs) | Vests on first anniversary |
| Perquisites | None material; expense reimbursement only | Indemnification provided |
| Director annual compensation cap | $750,000 (cash+equity) | 2021 Omnibus Plan limit |
- Jackson will receive compensation under SWIM’s Non‑Employee Director Compensation Plan; his specific amounts will follow plan terms above (pro‑rated as applicable) .
Performance Compensation
| Element | Structure | Metrics/Terms |
|---|---|---|
| Director equity | Time‑based RSUs as annual retainer | RSUs vest on first anniversary; no performance conditions |
No director performance‑based equity (e.g., PSUs) is disclosed for non‑employee directors; annual grants are time‑based RSUs .
Other Directorships & Interlocks
| Company | Sector Exposure | Role/Committee | Potential Interlock/Conflict |
|---|---|---|---|
| Smith Douglas Homes (SDHC) | Homebuilding | Lead Director; Audit; Comp Chair | Adjacent to pools via residential construction; no related‑party transactions at SWIM disclosed |
| Astec Industries (ASTE) | Industrial equipment | Director; Compensation Committee | Industrial adjacency; no SWIM related‑party transactions disclosed |
| Cabinetworks Group | Building products | CEO | Private company; no SWIM related‑party transactions disclosed |
- SWIM disclosed Jackson “does not have a material interest in any transaction” requiring Item 404(a) related‑party disclosure .
Expertise & Qualifications
- Financial and audit expertise (former CFO; audit committee financial expert) .
- Operations and manufacturing leadership (former COO; current CEO in building products) .
- Consumer goods and branding experience (Hershey, Coca‑Cola; fenestration brand leadership at PGTI) .
- Aligns with SWIM Board skill focus areas (finance/accounting, consumer products, manufacturing/supply chain, marketing/brand) .
Equity Ownership
| As of | Security | Amount | Ownership Form | Notes |
|---|---|---|---|---|
| Aug 8, 2025 | Common Stock | 0 | — | Form 3 reported no beneficial ownership; PoA filed for Section 16 reporting |
- Stock ownership guidelines: Directors must own ≥3x annual cash retainer and must retain 50% of net shares from equity awards until compliant; SWIM reported non‑management directors were compliant or within phase‑in as of 2024. Jackson, as a new director, will be subject to phase‑in timing to meet guidelines .
Governance Assessment
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Positives:
- Independent appointment with audit committee financial expert designation strengthens financial oversight .
- Diverse senior leadership background across manufacturing and consumer brands; valuable for SWIM’s strategy in pool manufacturing and brand marketing .
- Within overboarding and audit committee service limits; aligns with Corporate Governance Guidelines .
- No related‑party transactions flagged under Item 404(a); reduces conflict risk .
- Subject to robust governance policies: clawbacks (Dodd‑Frank compliant and calculation errors), anti‑hedging/pledging, director ownership guidelines .
-
Watch items / RED FLAGS to monitor:
- Time commitments: simultaneous CEO role at Cabinetworks plus two other public boards; though within SWIM’s limits, monitor attendance and engagement post‑appointment .
- Initial lack of share ownership per Form 3; alignment expected to improve as RSUs vest and guidelines phase‑in—track progress to meet 3x retainer ownership .
- Controlled company dynamics (Pamplona nomination rights) can influence board composition; continued independence and committee structure are key mitigants .
-
Signals affecting investor confidence:
- Board expanded to nine directors and added seasoned operator/financial expert to Audit Committee; DeLu Jackson rotated off Audit Committee to accommodate specialization .
- Public confirmation of independence and audit expertise via 8‑K/press release supports governance transparency .
Appendix: SWIM Board & Committee Context
- Board leadership and independence: Independent Chair; fully independent Audit, Compensation, and Nominating & Governance committees .
- Committee mandates include oversight of financial reporting, executive compensation (use of independent consultant), ESG, and director evaluations .