Vincent Della Volpe
URANIUM ENERGYAbout Vincent Della Volpe
Independent director of Uranium Energy Corp (UEC) since July 2007; age 82 as of May 28, 2025. A 35+ year professional money manager, formerly senior portfolio manager of pension funds for Honeywell Corporation and Senior Vice President of the YMCA Retirement Fund, with deep focus on energy and utility equities and venture investments. Holds a BA in Accounting and an MBA in Finance from Seton Hall University; currently Chair of the Compensation Committee and member of the Audit and Corporate Governance & Nominating Committees. The Board has determined he is independent under NYSE American standards; he attended 100% of Board and committee meetings in FY2024.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Honeywell Corporation (Pension Funds) | Senior Portfolio Manager | Not disclosed | Managed energy and utility equity portfolios |
| YMCA Retirement Fund (New York) | Senior Vice President | Not disclosed | Oversaw pension fund investments; energy and utilities focus |
External Roles
| Company/Organization | Role | Dates | Notes |
|---|---|---|---|
| None disclosed | — | — | No other public-company directorships disclosed for Mr. Della Volpe |
Board Governance
- Independence: Independent director under NYSE American rules.
- Tenure: Director since July 2007 (approximately 18 years).
- Attendance: 100% attendance at Board (6 meetings) and his committees in FY2024.
- Committees:
- Compensation Committee – Chair; acted without management; held 1 meeting in FY2024.
- Audit Committee – Member; committee held 4 meetings; includes financial reporting and cyber oversight.
- Corporate Governance & Nominating – Member; two meetings in FY2024; he served as Chair until July 16, 2024.
| Committee | Role | FY2024 Meetings | Independence |
|---|---|---|---|
| Compensation | Chair | 1 | Yes |
| Audit | Member | 4 | Yes |
| Corporate Governance & Nominating | Member (Chair until 7/16/2024) | 2 | Yes |
Fixed Compensation
| Component | FY2024 Amount | Notes |
|---|---|---|
| Board retainer (Non-Executive Director) | $33,000 | FY2024 board retainer schedule |
| Audit Committee member | $5,000 | Member retainer |
| Compensation Committee member | $5,000 | Member retainer |
| Compensation Committee Chair | $5,000 | Chair fee |
| Corporate Governance & Nominating Committee member | $5,000 | Member retainer |
| Corporate Governance & Nominating Committee Chair | $5,000 | Chair fee (Mr. Della Volpe was Chair until 7/16/2024) |
| Fees earned (cash reported) | $58,000 | Total fees paid in FY2024 per Director Compensation table |
Performance Compensation
Directors receive time-based equity (RSUs vest over 36 months; options vest over 24 months). No performance metrics are tied to director equity awards.
| Equity Component | FY2024 Grant Value | Vesting/Terms |
|---|---|---|
| Stock awards (RSUs) | $54,999 | RSUs granted 7/26/2024; vest in equal installments over 3 years; grant-date fair value per share $5.49 |
| Option awards | $54,574 | Options granted 7/26/2024; vest over 24 months; Black-Scholes assumptions disclosed; exercise price $5.49 |
| Options held (aggregate) | 226,049 | Options held as of 7/31/2024 across all directors; Mr. Della Volpe held 226,049 |
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict Considerations |
|---|---|---|
| None disclosed | — | No interlocks or related-party roles disclosed for Mr. Della Volpe. The proxy notes general related-party payments to Blender Media (CEO’s family), reviewed by Audit Committee; no involvement by Mr. Della Volpe indicated. |
Expertise & Qualifications
- Finance and capital markets expertise; accounting/financial reporting experience; public company board experience; mining industry experience; corporate governance/safety/ESG experience; international business experience. (See Board skills matrix indicating checkmarks for Vincent Della Volpe across these categories.)
- Education: BA Accounting; MBA Finance (Seton Hall University).
Equity Ownership
| Ownership Detail (as of May 28, 2025) | Amount | Notes |
|---|---|---|
| Total beneficial ownership | 411,028 | Less than 1% of outstanding shares |
| Direct share ownership | 194,992 | Held directly |
| Options exercisable/vesting within 60 days | 212,697 | Included in beneficial ownership per SEC rules |
| RSUs vesting within 60 days | 3,339 | Included in beneficial ownership per SEC rules |
| Shares outstanding (reference) | 444,349,147 | For computing percentages |
| Hedging/Pledging | Prohibited by company policy; anti-hedging and anti-pledging policy in place. |
Governance Assessment
- Strengths: Long-tenured independent director with 100% attendance, chairs Compensation Committee, serves on Audit and Governance committees—indicating strong engagement and board effectiveness.
- Alignment: Holds meaningful equity via direct shares, options, and RSUs; director compensation includes equity, enhancing alignment; company prohibits hedging/pledging.
- Compensation structure: Cash retainers calibrated by committee roles; equity is time-based (no pay-for-performance concerns for director equity); overall FY2024 director pay for Mr. Della Volpe totaled $167,573 (cash fees $58,000, RSUs $54,999, options $54,574).
- Conflicts/Red flags: No related-party transactions involving Mr. Della Volpe disclosed; board independence affirmed; Section 16 compliance timely; no legal proceedings.
- Workload/time commitments: Company maintains a Director Time Commitments Policy; all directors in compliance as of May 28, 2025.
Overall signal: Mr. Della Volpe’s long tenure, committee leadership, independence, and full attendance support board effectiveness and investor confidence; absence of personal related-party exposure and strong compliance posture mitigate conflict risks.