Cristina Colón
About Cristina A. Colón, Esq.
Cristina A. Colón is an independent director at Unusual Machines, Inc. (UMAC), serving since August 2022. She is a practicing attorney in Puerto Rico and Florida, President/owner of Cinmarc & Associates LLC (public housing consulting), and owner/operator of Café de La Plaza in Palmas del Mar, PR; previously an investor relations specialist at OptimizeRX (2019–2021). Age 37 (as of the 2025 proxy); board tenure since 2022; core credentials in corporate law, investor relations, and entrepreneurship .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cinmarc & Associates LLC | Owner; President | Owner since 2018; President since Aug 2021 | Public housing consulting experience |
| Café de La Plaza (Palmas del Mar, PR) | Owner/Operator | Since 2009 | Entrepreneurial/operational background |
| OptimizeRX (medical technology) | Investor Relations Specialist | 2019–2021 | Public company IR experience |
External Roles
| Entity | Type | Role | Notes |
|---|---|---|---|
| Legal practice (PR & FL) | Professional | Attorney | Practicing in Puerto Rico and Florida |
Board Governance
- Independence: The Board determined Ms. Colón is independent under NYSE standards, including for Audit, Compensation, and Nominating committees .
- Committee assignments: Audit Committee member; Compensation Committee member; Corporate Governance & Nominating Committee Chair .
- Attendance/engagement: All directors attended >75% of applicable Board/committee meetings in 2024; Board met 13 times, Audit 5, Compensation 3, Nominating 0 .
- Board leadership: Combined CEO-Chair (Dr. Allan Evans) structure; independent directors oversee risk and governance .
Fixed Compensation
| Component | 2024 | 2025 Plan |
|---|---|---|
| Cash fees (board + committee roles) | $32,500 | $0 (all equity) |
| Equity awards (restricted stock) | $65,000 (immediately vested) | $90,000 in restricted common stock; granted in three tranches (May 19: two quarters; Aug 19: 25%; Nov 19: final), subject to continued service and standard RSA execution; all grants vested at issuance |
| Committee chair fees | Chair stipends: $5,000 per committee chair (Audit/Comp/Nominating); Ms. Colón is Nominating Chair | |
| Total | $97,500 | $90,000 (equity) |
Notes: Directors received a one-time additional payment of two quarters for services in 2023 when no director compensation was paid; 2024 director compensation initiated post-IPO .
Performance Compensation
- No director performance-based compensation disclosed; director equity grants are time-based and immediately vested upon grant; no PSUs/options or performance metrics tied to director pay reported .
Other Directorships & Interlocks
| Company | Role | Dates | Potential Interlock/Conflict |
|---|---|---|---|
| Red Cat (via Teal Drones subcontract) | Not a role for Colón; UMAC transaction context | 2024–2025 | UMAC recognized $155,000 (2024) and $55,000 (H1’25) revenue from a Red Cat subsidiary contract; Jeff Thompson (UMAC director) is Red Cat’s CEO—related-party transaction overseen by Audit Committee . |
- No other public company board roles for Ms. Colón are disclosed in the proxy biographies .
Expertise & Qualifications
- Corporate law (attorney in PR and FL), investor relations, and entrepreneurship (consulting and restaurant operations) .
- Committee leadership experience as Nominating Committee Chair (governance policy, director nominations, board evaluations) .
Equity Ownership
| Metric | 2024 | 2025 |
|---|---|---|
| Shares beneficially owned | 37,962 | 60,980 |
| Ownership % of outstanding | 0.61% (6,184,983 shares outstanding) | 0.2% (33,101,445 shares outstanding) |
| Vested vs unvested | All director restricted stock immediately vested; no unvested director stock at 12/31/2024 | Not specifically broken out; director grants structured as vested at issuance in 2025 |
| Options/warrants | Not disclosed for Ms. Colón; warrants noted for other directors in footnotes | |
| Pledging/hedging | Hedging prohibited by Insider Trading Policy; no pledging disclosed |
Governance Assessment
-
Alignment signals:
- Independent status with memberships on Audit and Compensation committees and chairing Nominating—strong governance involvement .
- Increased equity weighting in 2025 (100% equity grants) improves ownership alignment for non-employee directors .
- Personal participation in company financing (aggregate $420,000 invested by CEO and three directors including Ms. Colón) indicates skin-in-the-game and confidence .
-
Oversight quality:
- Audit Committee reviews and approves related-party transactions under a formal policy (Item 404) updated Oct 3, 2024 .
- Clawback policy adopted per NYSE rules; hedging prohibited; Code of Ethics applies to directors .
-
Potential conflicts and RED FLAGS:
- Related-party transactions with Red Cat (customer/partner via Teal Drones) while its CEO serves on UMAC’s board (Jeff Thompson). Although revenues are modest ($155,000 in 2024; $55,000 in H1’25), the interlock warrants continued Audit Committee scrutiny .
- Combined CEO-Chair structure (Evans) concentrates leadership; mitigated by independent committees and designated Audit Committee Financial Expert (Rich) .
-
Attendance/engagement:
- All directors attended >75% of Board/committee meetings in 2024; Board met 13 times; Audit 5; Compensation 3; Nominating 0—suggests acceptable engagement levels, though Nominating activity was limited during 2024 .