David Jobe
About David Jobe
David Jobe, 65, has served as an independent director of Twin Hospitality Group Inc. (TWNP) since December 2024. He is co‑founder and Chief Executive Officer of Prosper Company (since September 2022), and previously was President/Partner and board member at Revelry Group (2019–2022), following ~20 years at Winsight Media including roles as President and Chief Customer Officer. He holds a B.A. in Business Administration from Washington State University . The Board has determined Mr. Jobe is independent under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Prosper Company | Co‑founder & CEO | Sep 2022–present | Purpose‑driven community in foodservice/hospitality; deep industry relationships |
| Revelry Group (certified B Corp) | President, Partner, and board member | Jan 2019–Aug 2022 | Created shared value for food, beverage, hospitality sector clients |
| Winsight Media | Multiple roles incl. President & Chief Customer Officer | c. 20 years (prior to 2019) | Leadership in global foodservice, hospitality and convenience retail media |
External Roles
| Organization | Type | Role | Tenure |
|---|---|---|---|
| Public company directorships | Public | None disclosed for Mr. Jobe | — |
| Revelry Group | Private | Board member | 2019–2022 |
| Prosper Company | Private | Co‑founder & CEO | 2022–present |
Board Governance
- Independence and service: Independent director; director since December 2024 .
- Committee assignments:
- Audit Committee member (current) .
- Nominating & Corporate Governance Committee member; chair is Lynne Collier .
- Attendance: In fiscal 2024, the Board held one meeting and each director attended all Board and committee meetings on which they served; directors also attended the 2024 annual meeting (four in person, others via video) .
- Controlled company context: TWNP is a “controlled company” under Nasdaq rules given FAT Brands’ majority voting power, though TWNP states it is not currently relying on controlled‑company exemptions and maintains independent committees .
- Board overlap with parent: Three TWNP directors (Andrew Wiederhorn, Lynne Collier, James Ellis) also serve on FAT Brands’ board; TWNP’s CFO and CLO also hold the same roles at FAT Brands .
| Committee | Members | Chair | Notes |
|---|---|---|---|
| Audit | Anderson, Collier, Jobe | Anderson | All members independent; Anderson, Collier, Ellis designated “financial experts” (Jobe not listed as financial expert) |
| Compensation | Anderson, Ellis | Anderson | No employee directors; no interlocks disclosed for 2024 |
| Nominating & Corporate Governance | Anderson, Collier, Jobe | Collier | All members independent |
Fixed Compensation
| Component (USD) | FY 2024 | FY 2025 |
|---|---|---|
| Annual cash retainer | $0 (no pay to non‑employee directors) | $100,000 per non‑employee director |
| Committee membership fees | Not disclosed | Not disclosed |
| Committee chair fees | Not disclosed | Not disclosed |
| Meeting fees | Not disclosed | Not disclosed |
Notes: The non‑employee director compensation policy may be amended, modified or terminated by the Board/Compensation Committee .
Performance Compensation
| Equity Award | FY 2024 | FY 2025 | Vesting/Terms |
|---|---|---|---|
| Annual stock options | None (policy began 2025) | Options to acquire 10,000 shares of Class A per director (annual) | Strike price/expiration/vesting not disclosed |
| One‑time RSU grant | None | 100,000 RSUs to each non‑employee director in June 2025 | Vesting schedule not disclosed |
Director performance metrics tied to pay (if any)
| Metric | Disclosure |
|---|---|
| Revenue growth | Not disclosed for director equity awards |
| EBITDA or operating metrics | Not disclosed for director equity awards |
| TSR percentile | Not disclosed for director equity awards |
| ESG/strategic goals | Not disclosed for director equity awards |
Related policies
- Clawback policy: Applies to Section 16 officers for erroneously‑awarded incentive comp upon restatements (3‑year lookback); administered by Board or Compensation Committee .
- Hedging/pledging: DEF 14A says hedging not specifically prohibited (discouraged); short‑sales and margining prohibited . TWNP’s Insider Trading Policy filed with the 10‑K states employees and directors may not engage in derivatives trading or hedging or pledging/margining of company stock .
Other Directorships & Interlocks
| Person | External Board/Role | Potential Interlock/Conflict |
|---|---|---|
| David Jobe | No other public company directorships disclosed; prior board member at Revelry (private) | None disclosed specific to Jobe |
| Board‑level context | Collier and Ellis (TWNP) also serve on FAT Brands’ board | Parent‑subsidiary overlap; controlled company voting dynamics |
Expertise & Qualifications
- 25+ years in global foodservice, hospitality, and convenience retailing with senior executive and customer‑facing roles; extensive senior‑level relationships across suppliers and operators .
- Education: B.A. in Business Administration, Washington State University .
- Governance skills: Serves on Audit and Nominating committees; independent director .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (Class A) | 100,000 shares; includes RSUs for 100,000 shares that have vested or will vest within 60 days of Oct 31, 2025 record date |
| Ownership as % of Class A | <1% |
| Voting power (Class A + B voting) | <1% of total voting power |
| Vested vs. unvested | RSUs included reflect “vested or will vest within 60 days”; precise split not disclosed |
| Options (exercisable/unexercisable) | Annual 10,000‑share option award policy began 2025; award specifics not itemized by director in ownership table |
| Pledged/hedged shares | No pledges disclosed; margining prohibited; 10‑K policy prohibits hedging/pledging, while DEF 14A discourages (but does not explicitly prohibit) hedging |
Insider transactions (Form 4)
| Period | Open‑market buys | Sales | Awards/Conversions | Post‑txn ownership notes |
|---|---|---|---|---|
| 2025 YTD (filing date 2025‑01‑01 to 2025‑11‑20) | None | None | None | No insider trades found for “David Jobe” (insider‑trades skill, 2025‑11‑20) |
Governance Assessment
Strengths
- Independent director with deep sector expertise and broad executive network; sits on both Audit and Nominating & Corporate Governance committees .
- Board and committees reported perfect attendance in 2024, signaling engagement .
- Majority‑independent Board and fully independent standing committees, despite controlled‑company status .
Alignment and incentives
- 2025 director pay introduces a balanced cash/equity mix (cash retainer plus annual options), plus a one‑time 100,000 RSU grant to each non‑employee director; Jobe beneficially owns 100,000 shares/RSUs (<1%)—providing some equity alignment though small in ownership percentage terms .
Risk indicators / potential red flags (board‑level context)
- Controlled company: FAT Brands holds 94.7% of Class A and 100% of Class B (98.5% voting power), creating significant control risk for minority holders .
- Parent interlocks and influence: Multiple TWNP directors and senior officers overlap with FAT Brands; FAT Brands has board observer rights at TWNP .
- Related‑party and structural features: Registration rights for FAT Brands, anti‑dilution option enabling FAT Brands to maintain ≥80.1% ownership thresholds, and a June 2025 equity exchange issuing 7,139,667 TWNP shares to settle $31.2 million due to affiliates .
- Optics of awards: June 2025 one‑time RSU awards included 100,000 RSUs to each non‑employee director and awards to the Chairman and his adult children affiliated with FAT Brands (company states the Chairman has no interest in those specific awards) .
- Policy consistency: DEF 14A discourages, but does not explicitly prohibit, hedging; 10‑K Insider Trading Policy prohibits hedging and pledging—monitor for clarity and enforcement .
Compensation Committee overview (for pay governance)
- Members: Kenneth J. Anderson (Chair), James G. Ellis; majority independent; no Compensation Committee interlocks in 2024; charter available on IR site .
- Use of external compensation consultants, peer group, target percentile, and say‑on‑pay results: Not disclosed in the 2025 DEF 14A; 2025 proxy proposals include only director elections and auditor ratification (no say‑on‑pay) .
Related‑party transactions (Jobe‑specific)
- No related‑party transactions disclosed specifically involving David Jobe. Related‑party arrangements primarily concern FAT Brands and corporate reorganization/ongoing agreements (see above) –.