Robert Lind
About Robert R. Lind
Independent director and current Lead Independent Director at Virco Mfg. Corporation; age 76; director since 2014. Background spans investment banking, corporate development, and venture investing: Managing Partner of Berkshire Bridge Capital since 2005, prior roles include Managing Director at Lehman Brothers, Head of Corporate Development at Rockwell International, and board member/Managing Director at SAIC’s Venture Capital Corporation. He served on Nevada Capital Investment Corporation’s board (2011–2012), was Managing Partner of Berkshire Bridge Partners and Nevada Growth Capital Fund (2012–2014), Advisory Board member at Longenecker & Associates (2016–2023), and currently serves as a Council Member for the Yosemite Conservancy. He is designated an “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Berkshire Bridge Capital, LLC | Managing Partner | Since Oct 2005 | Investment/consulting leadership |
| Lehman Brothers Holdings, Inc. | Managing Director | Not disclosed | Investment banking leadership |
| Rockwell International | Head of Corporate Development | Not disclosed | Corporate development oversight |
| SAIC Venture Capital Corporation | Managing Director; Board Member | Not disclosed | Corporate venture governance |
| Nevada Capital Investment Corporation | Director | Jul 2011–Apr 2012 | Public benefit venture funding oversight |
| Berkshire Bridge Partners, LLC | Managing Partner | Oct 2012–Mar 2014 | Licensed investment advisor leadership |
| Nevada Growth Capital Fund | Managing Partner | Oct 2012–Mar 2014 | Venture fund leadership |
| Longenecker & Associates | Advisory Board Member | 2016–2023 | Technical/nuclear industry advisory |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Yosemite Conservancy | Council Member (former Board of Trustees member until 12/31/2014) | Current (Council) | Conservation governance and stewardship |
Board Governance
- Independence: The Board determined Lind is independent under NASDAQ rules; independent directors constitute a majority of the Board .
- Lead Independent Director: Currently serves in this role; responsibilities include input on agendas and communicating independent directors’ consensus to the Chair/CEO .
- Committee Assignments:
- Audit Committee (member; committee chaired by Bradley Richardson). Lind is an “audit committee financial expert.” Meetings: 5 (FY2025); 6 (FY2024) .
- Compensation Committee (member; chaired by Agnieszka Winkler). Meetings: 2 (FY2025); 3 (FY2024) .
- Corporate Governance & Nominating Committee (member; chaired by Craig Levra). Meetings: 3 (FY2025); 3 (FY2024) .
- Attendance and Engagement: All directors attended at least 75% of Board/committee meetings; Board meetings held 7 (FY2025) and 8 (FY2024). Independent directors hold regular executive sessions each fiscal year .
- Executive Sessions: Independent-only sessions occur regularly each fiscal year .
Fixed Compensation
| Component | FY2024 | FY2025 |
|---|---|---|
| Annual Cash Fees ($) | $120,833 | $100,000 |
| Stock Awards ($) | $50,000 | $50,000 |
| Total ($) | $170,833 | $150,000 |
| Standard Non-Employee Director Retainer Structure | $75,000 cash + $75,000 restricted stock; one-year vest; directors may elect more cash if stock ownership guidelines are met |
- Stock ownership guidelines for non-employee directors: Own common stock with market value ≥ 4x annual cash retainer; directors can elect cash in lieu of stock if guidelines are met .
Performance Compensation
| Item | FY2024 | FY2025 |
|---|---|---|
| Equity award type | Restricted common stock (non-employee directors) | Restricted common stock (non-employee directors) |
| Vesting schedule | One-year vest on annual meeting grant date | One-year vest on annual meeting grant date |
| Options/PSUs | Not disclosed for directors; company has not granted stock options since 2019 | |
| Performance metrics tied to director pay | None disclosed (director pay is retainer plus restricted stock with time-based vesting) |
Other Directorships & Interlocks
| Company/Entity | Public Company? | Role | Notes |
|---|---|---|---|
| Nevada Capital Investment Corporation | No (statutory public benefit corp) | Director (2011–2012) | Venture funding for Nevada businesses |
| SAIC Venture Capital Corporation | No (corporate VC) | Managing Director/Board Member | Corporate VC oversight |
| Other public company boards | Not disclosed | — | No current public company directorships disclosed for Lind |
Expertise & Qualifications
- Audit committee financial expert designation; deep finance, corporate development, and venture capital experience .
- Senior roles across investment banking (Lehman), industrial corporate development (Rockwell), and corporate venture (SAIC VC), plus fund leadership (Berkshire Bridge, Nevada Growth) .
- Advisory experience in highly specialized technical industries (Longenecker & Associates) .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Class | Reference Date |
|---|---|---|---|
| Robert R. Lind | 110,043 | <1% | Apr 23, 2024 |
| Robert R. Lind | 113,256 | <1% | Apr 22, 2025 |
| Anti-hedging/pledging policy | Company policy prohibits hedging and pledging of Company securities for directors/officers/employees | ||
| Ownership guidelines | ≥ 4x annual cash retainer market value; evaluated annually |
Governance Assessment
- Strengths: Lind’s independence, current Lead Independent Director role, and audit committee financial expert status enhance board oversight of financial reporting and risk. His cross-functional finance and corporate development background supports committee effectiveness (Audit, Compensation, Governance/Nominating) .
- Engagement: Board held 7–8 meetings; all directors achieved ≥75% attendance; independent-only executive sessions occur regularly, supporting robust independent oversight .
- Alignment: Director pay combines cash and restricted stock with one-year vest; stock ownership guidelines set at 4x cash retainer; insider policy bans hedging/pledging—favorable alignment signals for investors .
- Potential red flags: Significant family involvement and related-party employment across the Virtue family (aggregate 29.73% ownership in 2025) may concentrate influence; however, Lind’s independent status, lead role, and independent composition of key committees partially mitigate governance risk .
No related-party transactions are disclosed for Lind, and Section 16 compliance notes no late filings for him (one late Form 4 was disclosed for a different director in 2025) .