Demethrius T. Boyd
About Demethrius T. Boyd
Independent director of Texas Community Bancshares (TCBS). Age 57; director since 2022 (tenure ~3 years). Senior Pastor of St. Paul Missionary Church in Mineola, TX; recognized for community leadership and service on local civic bodies (Chamber of Commerce, Parks & Recreation Board, Planning & Zoning Committee) . The board class structure shows Mr. Boyd’s term continuing to 2027; board leadership is separated with an independent Chair (Glen Thurman) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Broadstreet Bank (pre-TCBS) | Advisory Director | 2013–2022 | Long-standing local governance engagement before joining main board |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| St. Paul Missionary Church (Mineola, TX) | Senior Pastor | Ongoing | Community leadership |
| Mineola Chamber of Commerce | Board/Member | Not disclosed | Civic involvement |
| City of Mineola Parks & Recreation Board | Member | Not disclosed | Civic involvement |
| City of Mineola Planning & Zoning Committee | Member | Not disclosed | Civic involvement |
Board Governance
- Independence: Board deems all directors independent except the CEO (Jason Sobel) and Anthony R. Scavuzzo (familial relationship). Mr. Boyd is independent under Nasdaq standards .
- Committee assignments (FY2024): Nominating & Corporate Governance Committee member; not a chair .
- Committee meeting cadence (FY2024): Audit 6; Compensation 7; Nominating & Corporate Governance 2 .
- Attendance: The TCBS board met 9 times in 2024; no director attended fewer than 75% of board and committee meetings. All directors then serving attended last year’s annual meeting .
- Election results (signal of support): In 2024, Boyd received 1,388,462 For vs 319,004 Withhold; 604,009 broker non-votes (EGC brokers discretionary limits) .
Fixed Compensation
Director fees are paid by the bank subsidiary; no separate fees from TCBS .
| Component ($) | 2023 | 2024 |
|---|---|---|
| Annual cash retainer/fees | 24,000 | 24,000 |
| Meeting fees | — (none disclosed) | — (none disclosed) |
| Committee chair/member fees | — (none disclosed) | — (none disclosed) |
| Total cash | 24,000 | 24,000 |
Notes: No perquisites to any director exceeded $10,000 in aggregate .
Performance Compensation
- No director equity grants or performance-based pay reported for Mr. Boyd in 2023 or 2024; Stock Awards $0; Option Awards $0; Non-equity incentives $0 .
| Metric | 2023 | 2024 |
|---|---|---|
| Stock awards (RSUs/PSUs) | $0 | $0 |
| Option awards | $0 | $0 |
| Non-equity incentive pay | $0 | $0 |
Other Directorships & Interlocks
- No current public company directorships or committee roles for Mr. Boyd were disclosed beyond TCBS .
- Related board interlocks: Not disclosed for Mr. Boyd (Scavuzzo’s external bank boards are disclosed but are not Boyd’s roles) .
Expertise & Qualifications
- Community and leadership expertise through pastoral role and local governance bodies .
- Board governance experience via Nominating & Corporate Governance Committee .
Equity Ownership
- Anti-hedging: Company policy prohibits directors and related persons from hedging the Company’s stock .
- Pledging: Unless otherwise indicated, no named individual has pledged shares; no pledging disclosed for Mr. Boyd .
- Ownership table (as of Mar 27, 2025):
| Item | Value |
|---|---|
| Total beneficial ownership (shares) | 7,414 (includes options exercisable within 60 days) |
| Percent of shares outstanding | <1% (asterisk in table) |
| Options exercisable within 60 days included | 3,257 |
| Restricted shares (unvested) | Not disclosed for Mr. Boyd |
Related-Party Exposure and Conflicts
- Director/officer loans: Permitted under banking rules; at 12/31/2024, all such loans were ordinary course, on substantially the same terms as non-related borrowers, and performing; made in compliance with regulations .
- Other transactions: No related-party transactions ≥$120,000 since Jan 1, 2024 .
Governance Assessment
- Positives
- Independent director with strong local stakeholder connectivity; serves on the Nominating & Corporate Governance Committee—directly tied to board effectiveness and refreshment .
- Clean alignment signals: No hedging permitted; no pledging disclosed; attendance ≥75% along with full board; clear separation of Chair and CEO roles .
- Shareholder support: Strong “For” votes in 2024 director election (raw tallies indicate solid backing) .
- Watch items
- Director compensation is entirely cash-based for Mr. Boyd (no equity grants); while this avoids dilution and complexity, it provides less direct equity alignment than stock-based retainers; monitor whether TCBS introduces director equity over time .
- Board size reduction in 2025 (from 12 to 9) could enhance cohesion; monitor committee bandwidth and independent oversight continuity during transition .
- RED FLAGS: None identified specific to Mr. Boyd. No related-party transactions involving Boyd disclosed; no hedging/pledging; attendance threshold met .
Appendix: Committee Snapshot (FY2024)
| Committee | Role | Chair | Meetings (FY2024) |
|---|---|---|---|
| Nominating & Corporate Governance | Member (Boyd) | Glen Thurman | 2 |
| Compensation | Not a member | Robert L. Smith, III | 7 |
| Audit | Not a member | James B. Harder | 6 |
Appendix: 2024 Director Election Results (Boyd)
| Candidate | For | Withhold | Broker Non-Votes |
|---|---|---|---|
| Demethrius T. Boyd | 1,388,462 | 319,004 | 604,009 |