Tamar Elkeles
Glimpse GroupAbout Tamar Elkeles
Dr. Tamar Elkeles, 56, has served as an independent director of The Glimpse Group (VRAR) since April 2024. She brings nearly 30 years of high-technology leadership, including as Chief Learning Officer at Qualcomm (1992–2015), with advanced academic credentials (M.S. and Ph.D. in Organizational Psychology). She currently chairs the Nominating & Corporate Governance Committee and serves on the Strategy Committee, reflecting governance expertise and board engagement .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Qualcomm | Chief Learning Officer | 1992–2015 | Led enterprise learning; deep HR/organizational expertise |
| Quixey, Inc. | Chief People Officer | 2015–2016 | Senior HR leadership in tech startup context |
| Atlantic Bridge Capital | Chief Talent Executive | 2016–2018 | Talent strategy for investment firm |
| XCOM Labs, Inc. | Chief Human Resources Officer | 2019–2021 | Built HR capabilities in advanced wireless startup |
External Roles
| Organization | Role | Status/Timing | Committees/Notes |
|---|---|---|---|
| GP Strategies Corporation | Director | Prior; until sale to Learning Technologies Group | Public company board experience |
| OpenSesame | Director | Current | Private company board |
| Forbes School of Business & Technology (Univ. of Arizona) | Board of Advisors | Current | Academic advisory role |
| Association for Talent Development | Board (previously), active member | Prior; active member now | Industry network roles |
Board Governance
- Committee roles: Chair, Nominating & Corporate Governance; Member, Strategy. Not on Audit or Compensation .
- Independence: Board affirmatively determined Elkeles is independent under Nasdaq standards; all members of Audit, Nominating & Governance, and Compensation committees are independent .
- Attendance: Board met 5 times in FY2025; no director attended fewer than 75% of Board/committee meetings. All directors except Elkeles and Ruckdaeschel attended the 2024 annual meeting of stockholders .
- Committee activity: Nominating & Corporate Governance held 1 meeting; Strategy held 9; Audit held 4; Compensation held 3 in FY2025, indicating active board oversight cadence .
- Board leadership: CEO also serves as Chair; the company does not have a Lead Independent Director (governance concentration risk) .
Fixed Compensation
Directors receive no cash compensation (only expense reimbursement); compensation is equity-based options under the company’s plan .
| Item | Amount / Terms | Notes |
|---|---|---|
| Annual cash retainer | $0 | No cash director pay disclosed |
| Committee chair/member fees | $0 | No cash fees disclosed; equity-only approach |
| FY2025 Option Awards (grant-date fair value) | $81,788 | Aggregate grant-date fair value for Elkeles |
| Options held as of June 30, 2025 | 57,500 options | Director-level holdings at FY2025 year-end |
| Initial appointment grant (2024) | 20,000 options | Vest monthly from Apr 29, 2024; strike $2.50 |
Performance Compensation
No performance metrics tied to director compensation are disclosed; director equity grants are service-vesting options under the company plan .
| Feature | Details |
|---|---|
| Performance metrics for director pay | None disclosed |
| Vesting (initial 2024 grant) | Options vest monthly from Apr 29, 2024 |
| Option terms (initial 2024 grant) | Strike $2.50 per share |
Related governance policies: The company has an SEC-compliant clawback policy (effective for awards on/after Oct 2, 2023) applicable to “Covered Executives,” with recovery of excess incentive compensation upon restatement; it defines applicable financial reporting measures, methods of recoupment, and non-indemnification. While focused on executives, it is a positive governance signal for pay-for-performance rigor .
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Related-party transactions (Item 404) | None disclosed for Elkeles at appointment; proxy reports “None” for related party transactions |
| Potential interlocks with VRAR stakeholders | Not disclosed; no related-party exposure indicated |
Expertise & Qualifications
- Organizational psychology expertise (M.S., Ph.D.) and decades of high-tech human capital leadership, including at Qualcomm .
- Governance expertise evidenced by chairing the Nominating & Corporate Governance Committee; involvement in strategy oversight .
- Prior public board experience (GP Strategies), private/academic board roles (OpenSesame, Forbes School) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Common Stock Beneficially Owned | 54,375 shares | Includes options exercisable/vesting within 60 days |
| Ownership % of outstanding | 0.26% | Based on 21,076,506 shares outstanding at record date |
| Breakdown (footnote) | 48,125 fully vested options; 6,250 vest within 60 days | As per beneficial ownership footnote (8) |
| Shares pledged / hedging | Hedging disclosure section shows “None”; pledging not disclosed | Company’s “Employee, officer and director hedging” section shows “None” |
Governance Assessment
- Strengths: Independent status; chairs Nominating & Corporate Governance Committee; active Strategy Committee membership; board met regularly with committee activity; equity-only director pay aligns incentives to shareholder value creation .
- Alignment: Option-only compensation, initial grant vesting monthly, and beneficial ownership via exercisable options support alignment, though absolute ownership is modest (0.26%) typical for small-cap boards .
- Policies: Insider trading policy and clawback policy (for executives) reflect evolving governance controls; no related-party transactions for Elkeles reported .
- Watch items: Non-attendance at the 2024 annual meeting; combined CEO/Chair role with no Lead Independent Director concentrates authority—investors may monitor board independence and shareholder engagement practices .
RED FLAGS (to monitor)
- Missed 2024 annual meeting (attendance optics) .
- No Lead Independent Director (potential oversight imbalance) .