Victor E. Renuart Jr.
About Victor E. Renuart Jr.
Victor Eugene Renuart Jr., age 74, is Chair of the Board and an independent director of TechPrecision Corporation, first joining the board in December 2024. He is a retired U.S. Air Force General and has led major commands (NORAD and U.S. Northern Command) and served in senior Pentagon roles; he holds a B.S. from Indiana University–Kelley School of Business and an M.A. in Psychology from Troy University, with fellowships at the U.S. Army War College and Johns Hopkins University . He has served as President and Founder of The Renuart Group, LLC since November 2011 and brings deep strategic, operational, and fiscal oversight experience to TPCS’s board . The board has affirmatively determined he is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NORAD & U.S. Northern Command | Commander | Mar 2007 – May 2010 | Led binational aerospace defense and U.S. homeland defense commands; extensive multi-national strategic planning |
| U.S. Department of Defense | Senior Military Assistant to the Secretary of Defense | (Rumsfeld, Gates; dates not individually specified) | Senior advisory capacity to SecDef; high-level policy interface |
| The Joint Staff | Director of Strategic Plans and Policy | Not specified | Strategic planning, policy oversight |
| Pacific Air Forces | Vice Commander | Not specified | Theater-level command leadership |
| U.S. Central Command | Director of Operations | Not specified | Operational oversight in CENTCOM AOR |
| BAE Systems, Inc. | Senior Military Advisor to CEO & VP–National Security | Aug 2010 – Jan 2012 | Defense industry advisory; security and aerospace focus |
| The Renuart Group, LLC | President & Founder | Nov 2011 – present | Private consulting across defense, homeland security, energy and PPPs |
External Roles
| Organization | Role | Tenure | Committee/Focus |
|---|---|---|---|
| Griffon Corporation (NYSE:GFF) | Director; Finance Committee Member | Since Jan 2014 | Finance oversight at diversified industrial company |
| Kymeta Corp. (Private) | Director | Current | Satellite systems manufacturer board role |
| Precision Aerospace Holdings (Private) | Director | Current | Aerospace machining corporation board role |
Board Governance
- Role: Chair of the Board since December 2024; TPCS explicitly separates Chair and CEO roles to strengthen independent board function .
- Independence: Determined independent under Nasdaq listing standards .
- Committee Memberships: Audit Committee member; Nominating & Corporate Governance Committee member .
- Attendance: In fiscal 2025, each incumbent director attended at least 75% of board and committee meetings (Board: 11; Audit: 4; Compensation: 3; Nominating & Governance: 2) .
Fixed Compensation
| Compensation Element | Amount | Notes |
|---|---|---|
| Annual cash retainer (non-employee directors) | $24,000 | Standard director fee |
| Chairman of the Board fee | $20,000 | Additional fee for Chair role |
| Audit Committee Chair | $7,500 | Not applicable to Renuart (member, not chair) |
| Chair – Compensation or Nominating & Governance | $5,000 | Not applicable to Renuart (member, not chair) |
| Fiscal Year | Fees Earned (Cash) |
|---|---|
| FY2025 (year ended Mar 31, 2025) | $14,917 |
FY2025 reflects partial-year service (elected Dec 19, 2024) .
Performance Compensation
| Equity Award | Grant Date | Shares Granted | Grant Fair Value | Vesting |
|---|---|---|---|---|
| Restricted Common Stock (2016 Plan) | Jan 24, 2025 | 13,720 shares (of 54,880 aggregate across 4 directors) | $45,000 per director grant policy | Vests and becomes nonforfeitable on Dec 19, 2025 |
| Performance Metrics Tied to Director Equity | Disclosure |
|---|---|
| Metrics | None disclosed; director equity vests time-based per policy |
Non-employee directors are eligible for annual restricted stock grants equivalent to $45,000, determined by closing price on grant date; awards vest after one year (for 2025 grants, vesting Dec 19, 2025) .
Other Directorships & Interlocks
| Company | Sector Overlap with TPCS | Potential Interlock/Conflict Notes |
|---|---|---|
| Griffon Corporation (NYSE:GFF) | Diverse (consumer, home & building, defense electronics, specialty films) | No related-party transactions disclosed by TPCS; no >$120,000 related person transaction since Apr 1, 2022 . |
| Kymeta Corp. | Satellite systems | Private; no disclosed transactions with TPCS . |
| Precision Aerospace Holdings | Aerospace machining | Private; no disclosed transactions with TPCS . |
Expertise & Qualifications
- Strategic and operational leadership across multi-billion-dollar organizations; risk oversight experience aligned with Audit Committee remit .
- Finance exposure via Griffon finance committee; broad defense-industrial network .
- Formal education in business and psychology; senior fellowships indicating advanced strategic studies .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Reference Shares Outstanding |
|---|---|---|---|
| Victor E. Renuart Jr. | 13,720 | <1% (does not exceed 1%) | 9,952,950 (as of Oct 1, 2025) |
Hedging: TPCS policy prohibits short sales, options, and hedging/monetization transactions in Company securities by directors .
Insider Trades (Form 3/4)
| Filing Date | Transaction Date | Form | Type | Shares | Post-Transaction Ownership | SEC Filing URL |
|---|---|---|---|---|---|---|
| 2024-12-30 | — | 3 | Initial director filing | — | — | https://www.sec.gov/Archives/edgar/data/1328792/000110465924132301/0001104659-24-132301-index.htm |
| 2025-01-28 | 2025-01-24 | 4 | Award (A) Restricted common stock | 13,720 | 13,720 | https://www.sec.gov/Archives/edgar/data/1328792/000110465925006684/0001104659-25-006684-index.htm |
Award aligns with board policy; shares vest Dec 19, 2025 . Insider trade data via SEC Form 3/4 filings (URLs above).
Governance Assessment
- Board effectiveness: Positive signals—independent Chair separate from CEO; robust committee structure; independence affirmed; attendance at least 75% in FY2025 .
- Alignment: Equity grant structure ($45,000 in restricted stock, time-based vesting) promotes longer-term alignment; hedging prohibited; Renuart ownership recorded at 13,720 shares (<1%) .
- Conflicts/related-party: No related person transactions >$120,000 since Apr 1, 2022; no disclosed pledging; multiple external boards with no disclosed TPCS transactions .
- Compensation mix: Cash retainer plus Chair fee; equity grant standard for non-employee directors; FY2025 cash fees pro-rated due to December 2024 appointment .
- RED FLAGS: None disclosed—no attendance issues (≥75%), no related-party transactions, no hedging; note that director equity uses time-based vesting (not performance-based), typical for small-cap director pay .
Committees: Renuart serves on Audit and Nominating & Corporate Governance; not on Compensation (which is chaired by Levy with Straus as member) .