Cynthia B. Hanson
About Cynthia B. Hanson
Cynthia B. Hanson (age 63) is an independent director of Uwharrie Capital Corp, first elected in 2022. She is Owner and Operations Manager of CK Select LLC, a Concord, NC real estate firm; licensed since 2004 and operating CK Select since 2008. Her profile emphasizes small business management and broad community involvement across housing, education, and charitable initiatives .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| CK Select LLC (Concord, NC) | Owner & Operations Manager | 2008–present | Leads real estate operations; small business management expertise |
| North Carolina Real Estate | Licensed Real Estate Broker | 2004–present | Transaction execution; certifications in short sales/foreclosures |
External Roles
| Organization | Role/Status | Tenure/Notes | Committees/Impact |
|---|---|---|---|
| Concord United Way Committee | Member | Ongoing | Community development, social impact |
| Cabarrus Chamber of Commerce | Member | Ongoing | Local business advocacy |
| Cabarrus Housing Collaborative | Member | Ongoing | Affordable housing advocacy |
| National Association of Realtors | Member | Ongoing | Professional standards (C2EX, e-Pro) |
| Central Carolinas Association of Realtors | Member | Ongoing | Regional real estate industry engagement |
| Concord 101 | Graduate | Local government education | Civic literacy |
| Certifications | SRES (Senior Real Estate Specialist), short sales/foreclosures, C2EX, NAR e-Pro, NC Housing Workforce Housing Foundation, At Home with Diversity | Professional development | Broad real estate competency |
| Charitable Involvement | Volunteer/contributor | 1 Can Purple Heart Homes; Valentine Cards for Vets & Seniors; BSA; Pink Pals | Community service |
Board Governance
- Board structure: Classified board with three-year staggered terms; Board size set at 14; Hanson nominated for a new three-year term at the 2025 annual meeting; first elected 2022 .
- Independence: Board determines independence using NASDAQ standards; exceptions noted for Messrs. Furr, Rankin, and Swaringen under SEC Rule 10A‑3(b) due to arm’s‑length banking transactions. Hanson is not among exceptions and is deemed independent .
- Committees: Full Board served as Human Resources & Compensation and Nominating Committees in 2024–2025; Hanson participates as a board member. Hanson is not listed as a member of the Audit Committee, whose members are Rankin (Chair), Amirtharaj, Furr, Klauder, Poplin, Russell, Swaringen; Audit Committee met 4 times in 2024 .
- Attendance: Board held 12 regular meetings in 2024. Each director attended at least 75% of the aggregate number of Board and committee meetings; 16 of 17 directors attended the 2024 annual meeting .
Fixed Compensation
Director pay structure (Jan 1–Dec 31, 2024):
- Board meeting fee: $725 per Board meeting attended .
- Committee meeting fee: $100 per committee meeting; Audit Committee members receive $500 per meeting; +$100/hour for Audit meetings exceeding 3 hours .
- Annual director retainer: $4,000 (paid semiannually: $3,000 in common stock, $1,000 in cash) .
- Annual chair retainer: $7,500 for Board Chair, Vice Chair, and Audit Chair (paid $625/month) .
Director compensation for Cynthia B. Hanson:
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Fees Earned or Paid in Cash (USD) | $9,475 | $9,700 |
| Stock Awards (USD) | $2,987 | $2,995 |
| Option Awards (USD) | — | — |
| All Other Compensation (USD) | — | — |
| Total (USD) | $12,462 | $12,695 |
Stock retainer detail for all directors (including Hanson):
- 2024 grants: 193 shares in June and 178 shares in December; aggregate fair value computed under ASC 718 .
- 2023 grants: 189 shares in June and 181 shares in December; aggregate fair value under ASC 718 .
Performance Compensation
- No performance‑based components disclosed for directors; compensation consists of meeting fees, cash retainer, and stock retainer; no options issued to directors since 2008 as options are not a current compensation strategy .
- No director‑specific performance metrics (e.g., TSR, EBITDA) tied to director pay are disclosed .
Other Directorships & Interlocks
- Public company boards (current/past 5 years): None for all directors; Hanson holds no other public company directorships, limiting interlocks and potential conflicts .
- Committee roles at other companies: Not disclosed .
Expertise & Qualifications
- Expertise: Real estate operations, small business management; certifications spanning senior housing, short sales/foreclosures, excellence standards, diversity, and workforce housing .
- Board qualification emphasis: Adds local market, housing, and small business perspective to a community bank board .
- Independence and governance: Deemed independent; participates in full‑board Compensation and Nominating responsibilities; not on Audit Committee .
Equity Ownership
As of April 6, 2025 (7,061,777 shares outstanding):
| Metric | Value |
|---|---|
| Shares beneficially owned | 1,765 |
| Ownership as % of shares outstanding | <1% (Company disclosure) |
| Stock options outstanding | 0 (none for identified individuals) |
| Form/structure | Sole voting and investment power unless otherwise noted |
Notes:
- Directors must comply with the Company’s Policy Statement and Guidelines for Director Stock Ownership to stand for election; specific multiples and Hanson’s compliance status are not disclosed, but compliance is required for nomination .
Governance Assessment
- Board effectiveness: Hanson contributes local market and housing expertise; independent under NASDAQ criteria, with no SEC 10A‑3(b) conflicts noted, and participates in full‑board Compensation/Nominating work. Attendance met the ≥75% threshold in 2024 across all directors .
- Alignment: Modest absolute ownership (1,765 shares; <1%) but ongoing semiannual stock retainer grants add alignment over time; no options or complex equity vehicles that could misalign incentives .
- Compensation structure: Low, routine director fees and stock retainers appropriate for a community bank; no performance linkage or discretionary bonuses for directors; options are not utilized, reducing repricing risk .
- Conflicts and related party exposure: No related‑party exceptions flagged for Hanson; public‑company interlocks absent across the board, lowering information flow conflicts .
Red flags: None identified specific to Hanson. Potential monitoring items:
- Ownership alignment: Continue tracking growth in share ownership via retainers versus guideline targets (details not disclosed) .
- Committee engagement depth: Hanson is not on the Audit Committee—investors may wish to monitor her contributions in risk oversight via full‑board ERM, Compensation, and Nominating processes .