Amin Maredia
URBAN OUTFITTERSAbout Amin N. Maredia
Amin N. Maredia, 52, has served as an independent director of Urban Outfitters, Inc. (URBN) since 2020. He is Co‑founder and Managing Partner of Meaningful Partners (since 2018), and previously served as CEO (beginning 2015) and CFO (2011–2015) of Sprouts Farmers Market; he completed a management program at Harvard Business School and holds an undergraduate degree in Accounting from the University of Houston . He is one of eight independent nominees on URBN’s 10‑member board in 2025 .
Past Roles
| Organization | Role | Tenure (as disclosed) | Committees/Impact |
|---|---|---|---|
| Sprouts Farmers Market (SFM) | Chief Executive Officer | Beginning in 2015 (end date not specified) | Public company CEO experience |
| Sprouts Farmers Market (SFM) | Chief Financial Officer | 2011–2015 | Public company CFO experience |
| Burger King Corporation | Strategy, Global Biz Dev, Finance roles | Not specified | Global strategy and finance skillset |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Meaningful Partners | Co‑founder & Managing Partner | Since 2018 | Consumer‑focused fund investing across the consumer value chain |
| Public company directorships (current) | — | — | None disclosed in URBN’s 2025 proxy for Maredia |
| Public company directorships (prior) | Director, Sprouts Farmers Market (while CEO) | Not specified | Served on Sprouts’ board during CEO tenure |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent under NASDAQ rules |
| Board tenure | Director since 2020 |
| Committees | Compensation & Leadership Development (member); Nominating & Governance (member) |
| Committee activity (FY2025) | Compensation Committee met 4x; Nominating Committee met 4x |
| Board meetings (FY2025) | Board met 4x; each director attended ≥75% of board and committee meetings |
| Leadership structure | CEO/Chairman roles combined; Lead Independent Director in place (Edward N. Antoian) |
| Executive sessions | Independent directors meet in regularly scheduled executive sessions without management |
Fixed Compensation (Director – FY2025)
| Component | Amount |
|---|---|
| Cash fees | $100,000 (two installments of $50,000 each) |
| Equity grant (RSUs) | $152,144 grant date fair value; 3,700 RSUs at $41.12 on June 5, 2024 |
| Options | $0 (no option awards in FY2025) |
| Total | $252,144 |
| Outstanding director equity as of 1/31/2025 | 3,700 stock awards outstanding; 0 options |
Grant detail notes:
- FY2025 expense reflected for the June 5, 2024 grant and prior June 6, 2023 grant; the 2023 grant had $31.58 grant-date price .
Performance Compensation
- URBN does not use performance‑conditioned equity or cash metrics for non‑employee director pay; director equity is time‑based RSUs (no performance metrics apply) .
As a Compensation Committee member, Maredia oversaw FY2025 NEO pay metrics (context for governance):
| Metric | Threshold | Target | Maximum | FY2025 Actual Outcome/Payout Linkage |
|---|---|---|---|---|
| URBN Net Sales (for company‑level goals) | $5.277B | $5.441B | $5.604B | Actual $5.551B between Target/Max; payouts tied to sales paid at 168% of Target for metrics based on URBN Net Sales |
| URBN Operating Income (adjusted) | $406.1M | $451.2M | $496.4M | Actual $478M between Target/Max; payouts tied to OI paid at 160% of Target for metrics based on URBN Operating Profit |
Notes: Compensation Committee met 4x in FY2025; independent consultant Korn Ferry advised the committee; Korn Ferry was paid $45,600 in FY2025 .
Other Directorships & Interlocks
| Topic | Detail |
|---|---|
| Current public company boards | None disclosed for Maredia in URBN’s 2025 proxy |
| Compensation Committee interlocks | None; URBN reports no interlocks during FY2025. Comp Committee members: Todd R. Morgenfeld (Chair), Kelly Campbell, Amin N. Maredia, Wesley S. McDonald |
| Related‑party exposure | No related‑party transactions disclosed involving Maredia; the Audit Committee reviews related‑party transactions |
Expertise & Qualifications
- Consumer sector operator/investor, with multi‑unit and high‑growth omni‑channel experience; public company CEO, CFO, and board experience .
- Education: Harvard Business School management program; undergraduate degree in Accounting (University of Houston) .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (as of 3/11/2025) | 15,450 shares; <1% of shares outstanding |
| Director RSUs outstanding (1/31/2025) | 3,700 stock awards outstanding |
| Options (director) | 0 options outstanding |
| Pledged/hedged shares | Company policy prohibits certain hedging/monetization transactions; no pledging by Maredia disclosed |
| Ownership guidelines | Directors must meet share/“URBN Equity” holding requirements within 5 years; until compliant, must hold ≥50% of net after‑tax shares from equity awards |
Governance Assessment
- Board effectiveness and engagement: Independent director serving on two key committees (Compensation; Nominating), signaling active involvement in pay, succession, and governance processes; both committees met 4x in FY2025, and board/committee attendance met ≥75% thresholds .
- Independence and conflicts: Independent under NASDAQ rules; no related‑party transactions disclosed for Maredia; URBN maintains Audit Committee oversight of related‑party transactions and a Code of Conduct addressing conflicts .
- Incentive alignment for directors: Mix of cash and time‑based RSUs (no options), creating straightforward equity alignment without performance risk‑shifting; FY2025 grant: 3,700 RSUs ($152,144), cash retainer $100,000 .
- Shareholder signals: Say‑on‑pay support was ~99% at the 2024 meeting, indicating investor confidence in compensation governance overseen by the Compensation Committee (of which Maredia is a member) .
- Structure considerations: URBN combines CEO/Chair roles but has a Lead Independent Director and independent committees; independent directors hold regular executive sessions, which mitigates some structural concentration risk .
RED FLAGS observed: None specific to Maredia in FY2025 disclosures (no attendance shortfalls, interlocks, related‑party transactions, or hedging/pledging disclosures related to him) .