Pamela Jackson
TTM TECHNOLOGIESAbout Pamela B. Jackson
Pamela B. Jackson, age 72, has served on TTM Technologies’ Board since June 2021 and is a Class III independent director with a term expiring at the 2027 annual meeting. She is the retired Vice President, Technology at Emerson Electric (2001–2017) and previously spent 20+ years at Lucent/AT&T/Western Electric, culminating as VP/GM of Lucent’s MicroPower division. She holds B.S. and M.S. degrees in chemistry and chemical engineering from MIT and an Executive MBA from Boston University, bringing deep electronics manufacturing and technology leadership to the board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Emerson Electric Company | Vice President, Technology | April 2001 – October 2017 | Corporate oversight of technology development, lean product development, portfolio/product lifecycle management; served on management boards for Emerson Pune (India) Innovation Center and Xi’an (China) Engineering Center |
| Lucent/AT&T/Western Electric | Various roles; ultimately VP & GM, Lucent MicroPower (Texas) | Over 20 years (pre-2001) | Led global, technology-intensive manufacturing businesses (power supplies, energy systems, TFHICs, PCBs, components/assemblies) |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Ranken Technical College (St. Louis) | Board service | Not disclosed | Chaired; currently serves on Investment and Student Success & Diversity Committees |
| Professional Societies | Member | Ongoing | Sigma Xi; Beta Gamma Sigma; American Chemical Society; AIChE; Life Member, Society of Women Engineers |
Board Governance
- Independence: Determined independent by TTM’s Board under NASDAQ and SEC standards .
- Board class/term: Class III; current term ends at the 2027 annual meeting .
- Committee assignments: Audit Committee (member); Human Capital & Compensation Committee (member) .
- Meeting activity: Board held 7 meetings in 2024; Audit (4) and Human Capital & Compensation (5). All directors attended >75% of combined Board+committee meetings; 8 of 9 current directors attended the 2024 annual meeting .
- Governance structure: Independent Chair; CEO may not serve as Chair; independent director executive sessions offered after most Board meetings .
Fixed Compensation
- Director pay framework (non-employee): $75,000 annual cash retainer; $9,000 per committee membership (ex-Government Security Committee); additional chair retainers (Audit $25,000; Human Capital & Compensation $17,000; Government Security $15,000; Nominating & Corporate Governance $17,000). Equity: annual RSU grant sized at $160,000 for directors and $210,000 for the Chair (based on 6-month average stock price) .
- 2024 actual for Jackson: Cash fees $93,000; RSU award grant-date fair value $189,475; Total $282,475 .
| Component | Amount |
|---|---|
| Annual cash retainer | $75,000 |
| Committee membership fees (Audit + HCCC) | $18,000 ($9,000 each) |
| 2024 cash fees paid | $93,000 |
| 2024 RSU award (grant-date FV) | $189,475 |
| 2024 total director compensation | $282,475 |
Equity compensation exceeded cash retainer/fees in 2024, aligning director pay with shareholder value realization through RSUs .
Performance Compensation
- Director equity structure: Annual RSUs vest in full on the first anniversary of the grant; delivery of shares is deferred until retirement from the Board (or one year after retirement for certain prior grants) .
- 2024 year-end status: RSUs outstanding 40,610; unvested RSUs 10,723 (vesting May 9, 2025); no options outstanding .
| Metric | Value |
|---|---|
| RSUs outstanding (12/30/2024) | 40,610 |
| Unvested RSUs | 10,723; vest on May 9, 2025 |
| Options outstanding | 0 |
| Settlement policy | Share delivery deferred until retirement (or one year after, for certain prior grants) |
Directors do not have performance-conditioned equity (no PSUs); pay-for-performance for directors is primarily via time-based RSUs and TTM’s ownership/hedging policies .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | Not disclosed in the TTM 2025 proxy biography for Jackson |
| Related party transactions | None involving directors/officers >$120,000 since Jan 2, 2024 |
Expertise & Qualifications
- Background: 20+ years in electronics manufacturing leadership; retired VP, Technology at Emerson; prior executive/operating leadership at Lucent/AT&T .
- Education: B.S./M.S. (MIT, chemistry/chemical engineering); Executive MBA (Boston University) .
- Skills matrix: Self-reported Board skills indicate advanced/expert experience in technology and electronics manufacturing operations, among other areas relevant to TTM’s business .
Equity Ownership
- Beneficial ownership (record date 3/12/2025): Listed as “—” (less than 1%); RSUs (40,610) vested but delivery deferred until retirement; unvested RSUs 10,723; options 0 .
- Ownership policy: Independent directors must over time beneficially own at least 5x annual cash retainer; directors are prohibited from selling awarded shares until retirement; hedging and pledging of TTM stock are prohibited. All Board members except a 2024 appointee (Mr. Ali) met guidelines as of the record date .
| Ownership Detail | Status |
|---|---|
| Common shares beneficially owned | “—”; less than 1% of outstanding |
| RSUs vested but deferred | 40,610 (delivery deferred until retirement) |
| Unvested RSUs | 10,723 (vest May 9, 2025) |
| Options (exercisable/unexercisable) | 0/0 |
| Hedging/Pledging | Prohibited by policy |
| Director ownership guideline (≥5x retainer) | Board reports compliance (except new 2024 appointee) |
Governance Assessment
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Strengths
- Independence and critical committee roles (Audit; Human Capital & Compensation) enhance oversight of financial reporting and pay programs .
- No related-party transactions; strong Code of Conduct, ownership, and anti-hedging/pledging policies reduce conflict risk and align interests .
- High Board engagement: Board/committee meeting cadence and >75% attendance for all directors; independent chair and regular executive sessions support robust oversight .
- Director compensation structure emphasizes equity (RSUs) with delivery deferred until retirement, promoting long-term alignment .
- Broader governance sentiment: 2024 Say-on-Pay approval of ~97.7% signals investor support for compensation governance .
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Potential Watch Items
- Tenure since 2021 provides relatively fresh perspective; ongoing monitoring of committee workload and continuing education in evolving areas (e.g., cybersecurity oversight) remains prudent given TTM’s A&D/security posture .
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RED FLAGS
- None identified for Jackson: no attendance issues disclosed; no related-party transactions; no hedging/pledging; no director stock pledging; meets ownership guidelines per Board report .