Thomas Oberdorf
About Thomas Oberdorf
Thomas Oberdorf, age 67, is an independent director of UFP Technologies and has served on the Board since 2004, with his current term expiring in 2026 . He is a member of the Audit Committee (designated an “audit committee financial expert” by the Board) and the Nominating Committee . Oberdorf retired as CEO of SIRVA, Inc. in January 2025 and continues as a Senior Advisor through July 2025; he previously served as SIRVA’s Chairman (Aug 2018–Sep 2024) and CFO (Aug 2011–Oct 2017), with earlier senior finance roles at infoGROUP, Getty Images, CMGI, Bertelsmann’s BeMusic Direct, and Reader’s Digest . The Board has affirmed his independence under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| SIRVA, Inc. | Chief Executive Officer | Oct 2017 – Jan 2025 | Executive leadership |
| SIRVA, Inc. | Senior Advisor | Jan 2025 – Jul 2025 | Advisory role |
| SIRVA, Inc. | Chairman | Aug 2018 – Sep 2024 | Board leadership |
| SIRVA, Inc. | Chief Financial Officer | Aug 2011 – Oct 2017 | Finance, capital markets |
| Orchard Brands | Consultant | Aug 2010 – Mar 2011 | Consulting |
| infoGROUP, Inc. | EVP & Chief Financial Officer | Dec 2008 – Aug 2010 | Finance |
| Getty Images Inc. | SVP, Chief Financial Officer & Treasurer | Jun 2006 – 2008 | Finance; digital content industry |
| CMGI, Inc. | SVP, Chief Financial Officer & Treasurer | Mar 2002 – Jun 2006; Consultant Nov 2001 – Feb 2002 | Finance; supply chain/ecommerce |
| Bertelsmann AG (BeMusic Direct) | SVP & Chief Financial Officer | Feb 1999 – Oct 2001 | Finance |
| Reader’s Digest Association, Inc. | Various roles; most recently VP Global Books & Home Entertainment—Finance | Jan 1981 – Jan 1999 | Finance |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed | — | — | The proxy does not list current public company directorships for Oberdorf . |
Board Governance
| Governance Element | Details |
|---|---|
| Independence | Board determined Oberdorf is independent under Nasdaq listing standards . |
| Committee Memberships | Audit Committee member; Nominating Committee member . |
| Committee Chair Roles | Not a chair; Audit Committee chaired by Cynthia L. Feldmann; Nominating chaired by Daniel C. Croteau . |
| Audit Committee Expertise | Board determined Oberdorf qualifies as an “audit committee financial expert” . |
| Board & Committee Activity (2024) | Board met 4 times; each director attended at least 75% of Board and committee meetings they served on; all directors attended the 2024 Annual Meeting . |
| Committee Meeting Counts (2024) | Audit: 7 meetings ; Compensation: 5 meetings ; Nominating: 1 meeting . |
| Lead Independent Director | Daniel C. Croteau (since July 2021) . |
| Related-Party Oversight | Audit Committee oversees review and approval of related-party transactions . |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (non-employee directors) | $155,000 total; $55,000 cash and $120,000 equity . | |
| Equity mix of annual retainer | 50% RSUs (vest on May 31 following grant) and 50% stock options (exercisable May 31 following grant) . | |
| Audit Committee member retainer | $9,000 cash; additional $20,000 for Audit Committee chair . | |
| Compensation Committee member retainer | $6,000 cash; additional $15,000 for Compensation Committee chair . | |
| Nominating Committee | No additional compensation in FY 2024 . | |
| Lead Independent Director | $25,000 retainer . | |
| Oberdorf—FY 2024 cash fees earned | $64,000 . |
| Director Compensation (FY 2024) | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Total ($) |
|---|---|---|---|---|
| Thomas Oberdorf | 64,000 | 60,000 | 60,000 | 184,000 |
Performance Compensation
| Equity Award | Grant Date | Quantity/Terms | Vesting/Exercisability | Strike/Value |
|---|---|---|---|---|
| RSUs (annual grant) | Jun 5, 2024 | 230 RSUs | Vests May 31, 2025 | ≈$60,000 grant-date value using $260.92 closing price |
| Stock Options (annual grant) | Jun 5, 2024 | 493 options; 10-year life | Exercisable May 31, 2025 | $260.92 exercise price |
| Outstanding Options (12/31/2024) | — | 19,431 options outstanding (director-level) | — | — |
| Performance Metrics Tied to Director Pay | Disclosure |
|---|---|
| Performance-based metrics for director equity (e.g., TSR, EBITDA) | None disclosed; director equity awards are time-based RSUs and stock options . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed in proxy for Oberdorf . |
| Private/other roles | Senior Advisor at SIRVA through July 2025 . |
| Interlocks with competitors/suppliers/customers | None disclosed . |
Expertise & Qualifications
| Qualification | Evidence |
|---|---|
| Financial expertise | Designated “audit committee financial expert” by the Board . |
| Manufacturing, accounting, finance, capital markets, public company experience | Cited by the Board in biography . |
Equity Ownership
| Ownership Item | Amount | Notes |
|---|---|---|
| Beneficial ownership (as of Apr 11, 2025) | 25,438 shares; less than 1% of outstanding . | |
| Shares outstanding (basis for % calc) | 7,706,825 shares . | |
| Options currently exercisable or within 60 days | 19,431 (director-level count applies to Oberdorf) . | |
| RSUs vesting within 60 days | 230 shares . | |
| Shares pledged as collateral | None disclosed; company prohibits pledging . | |
| Hedging of company stock | Prohibited by company policy . | |
| Stock ownership guideline (independent directors) | Own shares valued at 3x annual base cash retainer within 5 years (cash retainer $55,000) . |
Governance Assessment
- Independence and expertise: Oberdorf is independent under Nasdaq rules and recognized as an audit committee financial expert, supporting robust financial oversight .
- Committee engagement: Active on Audit (7 meetings in 2024) and Nominating (1 meeting), with Board meeting participation meeting at least the 75% threshold and full annual meeting attendance by all directors .
- Pay structure and alignment: Director compensation mixes cash ($55k base) with equity ($120k), split between time-based RSUs and options; annual grants in 2024 were 230 RSUs and 493 options with clear vest/exercise schedules—no performance-based metrics tied to director pay disclosed .
- Ownership and policies: Beneficial ownership is modest (<1%), with 19,431 options and anti-hedging/anti-pledging policies in place—no pledging disclosed .
- Conflicts/related-party: No related-party transactions involving Oberdorf are disclosed; Audit Committee oversees related-party approvals .
RED FLAGS: None disclosed for Oberdorf (no related-party transactions, no pledging/hedging, timely Section 16 filings reported by the company for 2024) .