SEC Form DEF 14A filed by Reservoir Media Inc.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Securities Exchange Act of 1934
Chief Executive Officer
June 25, 2024
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD AUGUST 8, 2024
Chief Executive Officer
June 25, 2024
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New York, New York 10014
Name
|
| |
Age
|
| |
Director Since
|
| |
Board Committee(s)
|
|
Ezra S. Field* | | |
54
|
| |
2021
|
| |
Compensation Committee
|
|
Golnar Khosrowshahi | | |
52
|
| |
2021
|
| |
—
|
|
Ryan P. Taylor | | |
48
|
| |
2021
|
| |
Nominating and Corporate Governance Committee
|
|
Name
|
| |
Age
|
| |
Director Since
|
| |
Board Committee(s)
|
|
Helima Croft | | |
52
|
| |
2021
|
| |
Nominating and Corporate Governance Committee
|
|
Neil de Gelder | | |
71
|
| |
2021
|
| |
Audit Committee and Compensation Committee
|
|
Rell Lafargue | | |
52
|
| |
2021
|
| |
—
|
|
Name
|
| |
Age
|
| |
Director Since
|
| |
Board Committee(s)
|
|
Stephen M. Cook | | |
48
|
| |
2021
|
| |
Nominating and Corporate Governance Committee and Compensation Committee
|
|
Jennifer G. Koss | | |
46
|
| |
2021
|
| |
Audit Committee
|
|
Adam Rothstein | | |
52
|
| |
2021
|
| |
Audit Committee
|
|
Name
|
| |
Audit Committee
|
| |
Compensation
Committee |
| |
Nominating and
Corporate Governance Committee |
|
Stephen M. Cook
|
| |
—
|
| |
X
|
| |
X*
|
|
Helima Croft
|
| |
—
|
| |
—
|
| |
X
|
|
Neil de Gelder
|
| |
X*
|
| |
X
|
| |
—
|
|
Ezra S. Field+
|
| |
—
|
| |
X*
|
| |
—
|
|
Golnar Khosrowshahi
|
| |
—
|
| |
—
|
| |
—
|
|
Jennifer G. Koss
|
| |
X
|
| |
—
|
| |
—
|
|
Rell Lafargue
|
| |
—
|
| |
—
|
| |
—
|
|
Adam Rothstein
|
| |
X
|
| |
—
|
| |
—
|
|
Ryan P. Taylor
|
| |
—
|
| |
—
|
| |
X
|
|
Total meetings in fiscal 2024
|
| |
4
|
| |
4
|
| |
4
|
|
| |
Board Diversity Matrix (as of June 25, 2024)
|
| | ||||||||||||||||
| | | | | |
Female
|
| | |
Male
|
| | |
Non-Binary
|
| | |
Did Not Disclose
|
| |
| | Board Size | | | ||||||||||||||||
| | Total Number of Directors | | | |
9
|
| | ||||||||||||
| | Part I: Gender Diversity | | | ||||||||||||||||
| | Directors | | | |
3
|
| | |
5
|
| | |
—
|
| | |
1
|
| |
| | Part II: Demographic Background | | | ||||||||||||||||
| | African American or Black | | | |
1
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| | Asian | | | |
2
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| | White | | | |
2
|
| | |
5
|
| | |
—
|
| | |
—
|
| |
| | Hispanic or Latinx | | | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| | LGBTQ+ | | | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| | Two or more Races or Ethnicities | | | |
2
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| | Did Not Disclose | | | |
—
|
| | |
—
|
| | |
—
|
| | |
1
|
| |
Name
|
| |
Age
|
| |
Position(s)
|
|
Golnar Khosrowshahi | | |
52
|
| |
Chief Executive Officer
|
|
Rell Lafargue | | |
52
|
| |
President, Chief Operating Officer
|
|
Jim Heindlmeyer | | |
52
|
| |
Chief Financial Officer
|
|
MARCH 31, 2025
| | |
Years Ended March 31,
|
| |||||||||
| | |
2024
|
| |
2023
|
| ||||||
Audit fees(1)
|
| | | $ | 801,948 | | | | | $ | 734,969 | | |
Audit-related fees(2)
|
| | | | 193,267 | | | | | | 87,025 | | |
Tax fees(3)
|
| | | | 126,183 | | | | | | 109,134 | | |
All other fees(4)
|
| | | | — | | | | | | — | | |
Total fees
|
| | | $ | 1,121,398 | | | | | $ | 931,128 | | |
Jennifer G. Koss
Adam Rothstein
Name and Principal Position
|
| |
Fiscal
Year |
| |
Salary
($) |
| |
Option
Awards ($) |
| |
Stock
Awards(1) ($) |
| |
Non-Equity
Incentive Plan Compensation(2) ($) |
| |
All Other
Compensation(3) ($) |
| |
Total
($) |
| |||||||||||||||||||||
Golnar Khosrowshahi
Chief Executive Officer |
| | | | 2024 | | | | | | 420,250 | | | | | | — | | | | | | 920,000 | | | | | | 210,125 | | | | | | 11,972 | | | | | | 1,562,347 | | |
| | | 2023 | | | | | | 410,000 | | | | | | — | | | | | | 920,000 | | | | | | 205,000 | | | | | | 11,070 | | | | | | 1,546,070 | | | ||
Rell Lafargue
President & Chief Operating Officer |
| | | | 2024 | | | | | | 388,731 | | | | | | — | | | | | | 1,121,730 | | | | | | 538,873 | | | | | | 11,965 | | | | | | 2,061,299 | | |
| | | 2023 | | | | | | 379,250 | | | | | | — | | | | | | 944,308 | | | | | | 537,925 | | | | | | 11,063 | | | | | | 1,872,546 | | | ||
Jim Heindlmeyer
Chief Financial Officer |
| | | | 2024 | | | | | | 358,750 | | | | | | — | | | | | | 175,000 | | | | | | 179,375 | | | | | | 11,681 | | | | | | 724,806 | | |
| | | 2023 | | | | | | 350,000 | | | | | | — | | | | | | 34,602 | | | | | | 175,000 | | | | | | 10,746 | | | | | | 570,348 | | |
| | | | | | | | |
Option Awards(1)
|
| |
Stock Awards
|
| ||||||||||||||||||||||||
Name
|
| |
Grant Date
|
| |
Number of
Securities Underlying Exercisable Options (#) |
| |
Option
Exercise Price |
| |
Options
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#)(2) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(3) |
| ||||||||||||||||||
Golnar Khosrowshahi
|
| | | | 7/28/2021 | | | | | | 352,918 | | | | | $ | 5.11 | | | | | | 5/1/2029 | | | | | | 145,110 | | | | | | 1,150,722 | | |
Rell Lafargue
|
| | | | 7/28/2021 | | | | | | 352,918 | | | | | $ | 5.11 | | | | | | 5/1/2029 | | | | | | 250,818 | | | | | | 1,988,987 | | |
Jim Heindlmeyer
|
| | | | 7/28/2021 | | | | | | 56,466 | | | | | $ | 5.11 | | | | | | 5/1/2029 | | | | | | 27,602 | | | | | | 218,884 | | |
Name
|
| |
Fiscal Year
|
| |
Fees Earned
($)(1) (2) |
| |
Stock
Awards($)(3) |
| |
Total ($)
|
| ||||||||||||
Stephen M. Cook
|
| | | | 2024 | | | | | | 20,000 | | | | | | 80,000 | | | | | | 100,000 | | |
Helima Croft
|
| | | | 2024 | | | | | | 20,000 | | | | | | 80,000 | | | | | | 100,000 | | |
Neil de Gelder(4)
|
| | | | 2024 | | | | | | 35,000 | | | | | | 80,000 | | | | | | 115,000 | | |
Ezra S. Field(5)
|
| | | | 2024 | | | | | | 50,000 | | | | | | 80,000 | | | | | | 130,000 | | |
Golnar Khosrowshahi
|
| | | | 2024 | | | | | | — | | | | | | — | | | | | | — | | |
Jennifer G. Koss
|
| | | | 2024 | | | | | | 20,000 | | | | | | 80,000 | | | | | | 100,000 | | |
Rell Lafargue
|
| | | | 2024 | | | | | | — | | | | | | — | | | | | | — | | |
Adam Rothstein
|
| | | | 2024 | | | | | | 20,000 | | | | | | 80,000 | | | | | | 100,000 | | |
Ryan P. Taylor
|
| | | | 2024 | | | | | | 20,000 | | | | | | 80,000 | | | | | | 100,000 | | |
Name of beneficial owner
|
| |
Shares
beneficially owned |
| |
Percentage
of shares Beneficially owned |
| ||||||
5% Stockholders: | | | | | | | | | | | | | |
Wesbild, Inc. & Affiliates(1)
|
| | | | 28,426,573 | | | | | | 44% | | |
ER Reservoir LLC(2)
|
| | | | 13,638,620 | | | | | | 21% | | |
Irenic Capital Management LP(3)
|
| | | | 4,736,307 | | | | | | 7% | | |
Named Executive Officers and Directors: | | | | | | | | | | | | | |
Golnar Khosrowshahi(4)
|
| | | | 579,085 | | | | | | * | | |
Rell Lafargue(4)
|
| | | | 506,881 | | | | | | * | | |
Jim Heindlmeyer(4)
|
| | | | 92,684 | | | | | | * | | |
Stephen M. Cook(5)
|
| | | | 1,147,044 | | | | | | 2% | | |
Helima Croft
|
| | | | — | | | | | | — | | |
Ezra S. Field(6)
|
| | | | 139,363 | | | | | | * | | |
Neil de Gelder(6)
|
| | | | 39,471 | | | | | | * | | |
Jennifer G. Koss(6)
|
| | | | 39,471 | | | | | | * | | |
Adam Rothstein(7)
|
| | | | 428,127 | | | | | | * | | |
Ryan P. Taylor(8)
|
| | | | 14,236,585 | | | | | | 22% | | |
All current Directors and Named Executive Officers as a group (10 persons)
|
| | | | 17,208,711 | | | | | | 27% | | |
200 Varick Street, Suite 801
New York, New York 10014
Attention: Corporate Secretary
Telephone: (212) 675-0541