Anthony Horton
TEAMAbout Anthony R. Horton
Anthony R. Horton, age 64, has served as an independent director of Team, Inc. since 2021 and was appointed Lead Independent Director on November 7, 2023; he is a Class I director with a term expiring in 2026. He is CEO of AR Horton Advisors and brings 25+ years of energy and technology experience, including roles as EVP & CFO at Energy Future Holdings and Senior Director of Corporate & Public Policy at TXU Energy (2000–2018). He holds a Master of Professional Accounting and Finance (UT Dallas/Arlington) and a BBA (UT Arlington), and is a CPA, CFA, CMA, and CFM.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Energy Future Holdings | Executive Vice President & Chief Financial Officer | 2000–2018 (as described) | Senior financial leadership; broad energy-sector experience |
| TXU Energy | Senior Director, Corporate & Public Policy | 2000–2018 (as described) | Regulatory and policy expertise in energy markets |
External Roles
| Organization | Role | Status (per proxy) | Notes |
|---|---|---|---|
| Talen Energy Corporation | Director | Not listed as current “other public company board” in committee table | Listed in Horton’s biography as current board service |
| Sunnova Energy International Inc. | Director | Not listed as current “other public company board” in committee table | Listed in Horton’s biography as current board service |
| Equiniti Trust Company | Director | Not listed as current “other public company board” in committee table | Listed in Horton’s biography as current board service |
| Alpine Summit Energy Partners | Director | Not listed as current “other public company board” in committee table | Listed in Horton’s biography as current board service |
| Prior: Just Energy; Travelport GDS B.V.; GWG Holdings; United Roadway Services; Neiman Marcus; EXCO Resources | Director (prior) | — | Prior public/private board experience |
Note: The 2025 proxy’s committee roster page shows “Current other Public Company Boards: None” for Mr. Horton, while his biography lists multiple board roles including Sunnova. This discrepancy may reflect board status classifications or timing; consider confirming current public-company directorships with IR.
Board Governance
- Independence: The Board determined all directors except the Executive Chairman are independent under NYSE/SEC standards; committees (Audit, Compensation, Corporate Governance & Nominating) are entirely independent.
- Lead Independent Director responsibilities: Provides oversight of management, serves as liaison between independent directors and leadership, leads evaluations of Executive Chairman and CEO; structure separates Executive Chairman, CEO, and Lead Independent Director roles.
- Committee memberships (2025):
- Executive Committee: Chair (Horton)
- Audit Committee: Member; designated “audit committee financial expert” by the Board
- Compensation Committee: Not listed as member
- Corporate Governance & Nominating Committee: Chair
- Committee meeting cadence (2024): Executive Committee (no meetings); Audit Committee (6 meetings); Corporate Governance & Nominating Committee (5 meetings); Compensation Committee (8 meetings).
- Board effectiveness:
- Annual self-evaluations conducted for Board and each committee with written questionnaires and discussion of results.
- Executive sessions of independent directors in connection with each regularly scheduled Board meeting; 12 executive sessions in 2024.
- Attendance:
- Board meetings: 16 (2023); 18 (2024). No director attended fewer than 75% of Board/committee meetings; all directors attended the 2023 and 2024 Annual Meetings.
Board/Committee Activity (quantitative)
| Metric | 2023 | 2024 |
|---|---|---|
| Board meetings held | 16 | 18 |
| Independent director executive sessions | 12 | 12 |
| Corporate Governance & Nominating Committee meetings | 8 | 5 |
| Audit Committee meetings | — | 6 |
| Executive Committee meetings | — | 0 |
Fixed Compensation
Director pay structure (as of May 2023 program; paid quarterly and all in cash):
- Annual retainer: $172,500
- Lead Independent Director additional retainer: $25,000
- Committee chair retainers: Audit $15,000; Compensation $12,500; Corporate Governance & Nominating $7,500
2024 Actual Fees (Horton)
| Component | Amount (USD) |
|---|---|
| Base annual retainer | $172,500 |
| Lead Independent Director retainer | $25,000 |
| Corporate Governance & Nominating Chair retainer | $7,500 |
| Total Fees Earned (2024) | $205,000 |
Signal: Current non-employee director compensation is 100% cash (no equity grants), set after a WTW-led review that considered the Company’s financial condition and time commitments.
Performance Compensation
Directors do not receive performance-based equity or cash incentives under the current program; no RSUs/PSUs/options are granted to non-employee directors.
| Performance Metric | Design | Weight/Target | Payout Range | Notes |
|---|---|---|---|---|
| None (director compensation is all cash) | N/A | N/A | N/A | No equity or performance-linked director pay disclosed |
Other Directorships & Interlocks
- Compensation Committee interlocks: None during 2024 (no cross-comp relationships or reciprocal director/officer roles).
- Related party transactions: A written Related Party Transaction Policy requires Audit Committee approval for transactions >$120,000 involving directors/officers/5% holders or family members; no specific related transactions involving Mr. Horton are disclosed.
Expertise & Qualifications
- Financial expertise: Designated by the Board as an “audit committee financial expert.”
- Credentials: CPA, CFA, CMA, CFM; advanced accounting/finance education.
- Sector experience: 25+ years across energy and technology; prior public-company CFO experience; governance and strategy exposure across multiple boards.
Equity Ownership
| Holder | 2024 (as of Mar 28, 2024) | 2025 (as of Apr 7, 2025) |
|---|---|---|
| Anthony R. Horton – Beneficial ownership (shares) | 999 | 5,082 |
| Percentage of outstanding | <1% | <1% |
Ownership policy and alignment
- Director ownership guideline: Non-management directors are expected to own Company common stock valued at the lesser of 1x annual Board retainer or 20,000 shares; compliance required within 3 years of the Feb 2023 revision (i.e., by Feb 2026).
- Hedging/pledging: Prohibited for directors and executive officers; holding shares in margin accounts or pledging as collateral is prohibited.
Governance Assessment
Strengths
- Lead Independent Director with clear authority and responsibilities; separation of Executive Chairman, CEO, and LID roles enhances independent oversight.
- Chair of Corporate Governance & Nominating and member/financial expert on Audit Committee; strong governance/financial oversight credentials.
- High Board/committee engagement: robust meeting cadence; no attendance shortfalls; regular independent executive sessions.
- Formal annual Board and committee self-evaluation process; comprehensive related-party transaction policy.
- Independence affirmed by the Board under NYSE/SEC standards.
Watch items
- Alignment: Director pay is entirely cash with no equity component; while consistent with current policy and financial context, this reduces direct ownership-based alignment with shareholders versus equity-linked programs. Monitor the Board’s future stance on equity for directors.
- Ownership trajectory: Horton’s beneficial ownership increased from 999 to 5,082 shares YoY; he has until Feb 2026 to meet the revised ownership guideline. Continued progress toward the guideline would strengthen alignment.
- External board roles: The 2025 proxy biography lists multiple outside boards (including Sunnova), while the committee roster page lists “Current other Public Company Boards: None” for Horton; clarify current public-company directorships to assess potential time commitments and any future interlocks.
RED FLAGS
- None disclosed regarding related-party transactions, hedging/pledging, or attendance. Potential alignment concern: all-cash director compensation (no equity) under the current program.