Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2016-03-11 | Marc J. Shapiro Retired Vice Chairman, JPMorgan Chase & Co. MDCC NCGC ü |
| 2017-02-27 | Marc J. Shapiro Retired Vice Chairman, JPMorgan Chase & Co. MDCC NCGC ✓ Meets NYSE financial literacy requirements; background in banking/finance Leadership experience as a CEO Provides diversity of background/viewpoint Compensation, governance and public company board experience 2016 Outside Director Compensation: Fees Earned or Paid in Cash($) 100,000 Stock Awards($) 165,000 All Other Compensation($) 10,000 Total($) 275,000 |
| 2018-03-16 | Mr. Shapiro retired in 2003 as Vice Chairman of JPMorgan Chase & Co. The Board has determined that all directors and nominees, except for Thomas J. Falk and Michael D. Hsu, are Independent Directors. Mr. Shapiro satisfies the financial literacy requirements of the NYSE. Mr. Shapiro's total compensation in 2017 was $280,000. |
| 2019-03-08 | Mr. Shapiro served as the non-executive Chairman of Texas operations for JPMorgan Chase & Co., a financial services company, from 2003 to 2017. He served as Vice Chairman of JPMorgan Chase & Co. from 1997 through 2003 and as Chairman and Chief Executive Officer of Chase Bank of Texas, a wholly-owned subsidiary of JPMorgan Chase & Co., from 1989 until 1997. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-02-03 | Marc J. Shapiro Age: 59. Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Mr. Shapiro is a new Board nominee this year. No compensation listed. |
| 2007-02-01 | Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). Director, Burlington Northern Santa Fe (railroad); Director, Kimberly-Clark (consumer goods); Director, Weingarten Realty (real estate investment). Audit Committee, Contract Review Committee, Valuation Committee and Nominating and Corporate Governance Committee member. Aggregate compensation from Fund: $17,000. |
| 2008-02-01 | Marc J. Shapiro+ ... Age: 60 ... Class I Director ... Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. ... $46,000 total compensation. |
| 2009-02-02 | Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. ... Term expires 2009; Director since 2006. ... Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. ... Total Compensation from Fund and Fund Complex Paid to Directors: $51,000. |
| 2009-04-30 | As of March 31, 2009, the dollar range of equity securities owned beneficially by each Director in the Fund was as follows: Independent Directors Marc J. Shapiro Over $100,000 Over $100,000 |
| 2010-02-02 | Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). |
| 2011-01-31 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Funds Valuation Committee. He currently serves as Non-Executive Chairman of Chase Bank of Texas. He previously served as Vice Chairman of JPMorgan Chase from 1997 to 2003. He has over twenty years of experience in the financial services industry. The depth of Mr. Shapiros financial and managerial background qualifies him as a Director of the Fund. The members of the Funds Audit Committee are Messrs. Carrillo Gamboa, Clariond, González, Knauss, Serra and Shapiro. The members of the Funds Contract Review Committee are Messrs. Clariond, Carrillo Gamboa, González, Knauss, Serra and Shapiro. The members of the Funds Nominating and Corporate Governance Committee are Messrs. Clariond, Carrillo Gamboa, González, Knauss, Serra and Shapiro. The members of the Funds Valuation Committee are Messrs. González, Serra and Shapiro. Mr. Shapiro is the Chairman of the Valuation Committee. The Fund pays each Director, with the exception of Mr. Gómez Pimienta (who is not compensated for his services as Director), an annual retainer of $20,000. Effective December 2010, this annual retainer was increased to its pre-2009 level of $24,000. In addition, the Fund pays each director with the exception of Mr. Gómez Pimienta $2,000 per in-person Board meeting attended. The Fund also reimburses all Directors and officers of the Fund for out-of-pocket expenses relating to attendance at meetings. In addition, each Independent Director receives $2,000 for each Committee meeting or telephonic special Board meeting attended. The aggregate amount of fees paid and expenses reimbursed to the Directors and officers for the fiscal year ended October 31, 2010 was $334,938. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director (other than Mr. Gómez Pimienta, who receives no director fees or other compensation for services as a Director of the Fund) during the fiscal year ended October 31, 2010, as well as the total compensation paid by the Fund to each Director. Marc J. Shapiro $40,000. |
| 2012-01-31 | Marc J. Shapiro+ 707 Travis, 11th Floor Houston, TX 77002 Age: 64 Class I Director Term expires 2012; Director since 2006. Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). Director, Kimberly-Clark Corporation (consumer goods); Director, Weingarten Realty Investors (real estate investment). Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The Fund pays each Director, with the exception of Mr. Gómez Pimienta (who is not compensated for his services as Director), an annual retainer of $28,000. In addition, the Fund pays each director with the exception of Mr. Gómez Pimienta $2,000 per in-person Board meeting attended. The Fund also reimburses all Directors and officers of the Fund for out-of-pocket expenses relating to attendance at meetings. In addition, each Independent Director receives $2,000 for each Committee meeting or telephonic special Board meeting attended. The aggregate amount of fees paid and expenses reimbursed to the Directors and officers for the fiscal year ended October 31, 2011 was $390,314. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director (other than Mr. Gómez Pimienta, who receives no director fees or other compensation for services as a Director of the Fund) during the fiscal year ended October 31, 2011, as well as the total compensation paid by the Fund to each Director. Marc J. Shapiro $46,000. |
| 2013-02-01 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund's Valuation Committee. He is a member of the Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee. He is also a member or alternate member of the Valuation Committee. The Fund pays each Director, with the exception of Mr. Gómez Pimienta, an annual retainer of $32,000. In addition, the Fund pays each director $2,000 per in-person Board meeting attended and $2,000 for each Committee meeting or telephonic special Board meeting attended. The aggregate amount of fees paid and expenses reimbursed to the Directors and officers for the fiscal year ended October 31, 2012 was $414,271. The following table sets forth the aggregate compensation paid by the Fund to each Director during the fiscal year ended October 31, 2012: Mr. Shapiro $51,000. |
| 2014-01-14 | Marc J. Shapiro, Age: 66, Class I Director, Term expires 2015; Director since 2006. Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund's Audit Committee. The members of the Fund's Audit Committee are Messrs. Carrillo Gamboa, Davis, González, Djerejian, Serra and Shapiro. The members of the Fund's Contract Review Committee are Messrs. Davis, Carrillo Gamboa, González, Djerejian, Serra and Shapiro. The members of the Fund's Nominating and Corporate Governance Committee are Messrs. Davis, Carrillo Gamboa, González, Djerejian, Serra and Shapiro. The members of the Fund's Valuation Committee are Messrs. Davis, González, Serra and Shapiro. The aggregate amount of fees paid and expenses reimbursed to the Directors and officers for the fiscal year ended October 31, 2013 was $443,259. The Fund pays each Director, with the exception of Mr. Gómez Pimienta, an annual retainer of $36,000. The Fund pays the Chairman of the Audit Committee an additional annual retainer of $7,500. The Fund pays each director $2,000 per in-person Board meeting attended and $2,000 for each Committee meeting or telephonic special Board meeting attended. |
| 2015-01-26 | Marc J. Shapiro+ 707 Travis, 11th Floor Houston, TX 77002 Age: 67 Class I Director Term expires 2015; Director since 2006. Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). Director, Kimberly-Clark Corporation (consumer goods); Director, Weingarten Realty Investors (real estate investment). + Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director during the fiscal year ended October 31, 2014, as well as the total compensation paid by the Fund to each Director. Name of Director Aggregate Compensation from Fund Total Compensation from Fund and Fund Complex Paid to Directors* Marc J. Shapiro $71,500 $71,500 |
| 2016-02-02 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund's Audit Committee. He currently serves as Non-Executive Chairman of Chase Bank of Texas. The members of the Fund's Audit Committee are Messrs. Carrillo Gamboa, Davis, González, Djerejian, Serra and Shapiro. Mr. Shapiro is the Chairman of the Audit Committee and the Committee's Audit Committee Financial Expert. Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The Fund pays each Director an annual retainer of $40,000. The Fund pays the Chairman of the Board an additional annual retainer of $10,000 and the Chairman of the Audit Committee an additional annual retainer of $7,500. In addition, the Fund pays each Director $2,000 per in-person Board meeting attended. The Fund also reimburses all Directors and officers of the Fund for out-of-pocket expenses relating to attendance at meetings. In addition, each Independent Director receives $2,000 for each Committee meeting or telephonic special Board meeting attended. The aggregate amount of fees paid and expenses reimbursed to the Directors and officers for the fiscal year ended October 31, 2015 was $491,732. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director during the fiscal year ended October 31, 2015, as well as the total compensation paid by the Fund to each Director. Marc J. Shapiro: $63,500. |
| 2017-01-30 | Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. The Fund pays the Chairman of the Audit Committee an additional annual retainer of $7,500. The following table sets forth the aggregate compensation paid by the Fund to each Director during the fiscal year ended October 31, 2016: Marc J. Shapiro $67,500. |
| 2018-02-01 | Marc J. Shapiro+ 707 Travis, 11th Floor Houston, TX 77002 Age: 70 Class I Director Term expires 2018; Director since 2006. Since 2003, Mr. Shapiro has served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). Director, Kimberly-Clark Corporation (consumer goods); Director, Weingarten Realty Investors (real estate investment). + Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director during the fiscal year ended October 31, 2017, as well as the total compensation paid by the Fund to each Director. Name of Director Aggregate Compensation from Fund Total Compensation from Fund and Fund Complex Paid to Directors* Marc J. Shapiro $67,500 $67,500 |
| 2019-02-01 | Marc J. Shapiro+ 707 Travis, 11th Floor Houston, TX 77002 Age: 71 Class I Director Term expires 2021; Director since 2006. From 2003 to 2017, Mr. Shapiro served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). Director, Kimberly-Clark Corporation (consumer goods); Director, Weingarten Realty Investors (real estate investment); Director, Cadence Bancorp. +Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Director during the fiscal year ended October 31, 2018, as well as the total compensation paid by the Fund to each Director. Marc J. Shapiro $67,500 None None $67,500 |
| 2020-01-31 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund’s Audit Committee. He previously served as Vice Chairman of JPMorgan Chase (banking and financial services). The members of the Fund’s Audit Committee are Messrs. Carrillo Gamboa, Davis, González, Djerejian, Serra and Shapiro. Mr. Shapiro is the Chairman of the Audit Committee and the Committee’s Audit Committee Financial Expert. The members of the Fund’s Contract Review Committee are Messrs. Davis, Carrillo Gamboa, González, Djerejian, Serra and Shapiro. The members of the Fund’s Nominating and Corporate Governance Committee are Messrs. Davis, Carrillo Gamboa, González, Djerejian, Serra and Shapiro. The members of the Fund’s Valuation Committee are Messrs. Davis, González, Serra and Shapiro. The following table sets forth the aggregate compensation paid by the Fund to each Independent Director during the fiscal year ended October 31, 2019. Marc J. Shapiro $54,101. |
| 2021-02-01 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund’s Audit Committee. He previously served as Vice Chairman of JPMorgan Chase from 1997 to 2003. He has over thirty years of experience in the financial services industry. The depth of Mr. Shapiro’s financial and managerial background qualifies him as a Director of the Fund. |
| 2022-02-01 | Mr. Shapiro has served as a Director of the Fund since 2006, and also serves as chairman of the Fund’s Audit Committee. He previously served as Vice Chairman of JPMorgan Chase (banking and financial services). + Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Independent Director during the fiscal year ended October 31, 2021, as well as the total compensation paid by the Fund to each Independent Director. Marc J. Shapiro $45,470. |
| 2023-02-01 | From 2003 to 2017, Mr. Shapiro served as Non-Executive Chairman of Chase Bank of Texas. Prior to that time, he was Vice Chairman of JPMorgan Chase (banking and financial services). The names of the Fund’s nominees for election as Directors and each other Director of the Fund, their addresses, ages and principal occupations during the past five years and other directorships held by the nominee or Director are provided in the tables below. Information is provided as of December 31, 2022. + Audit Committee, Contract Review Committee, and Nominating and Corporate Governance Committee member. Member or alternate member of the Valuation Committee. The following table sets forth the aggregate compensation (not including expense reimbursements) paid by the Fund to each Independent Director during the fiscal year ended October 31, 2022, as well as the total compensation paid by the Fund to each Independent Director. Marc J. Shapiro $45,063. |
| 2024-01-31 | Marc J. Shapiro, Age: 76, Class I Director, Chairman of the Audit Committee, Term expires 2024; Director since 2006. Mr. Shapiro served as Vice Chairman of JPMorgan Chase and Non-Executive Chairman of Chase Bank of Texas. He is chairman of the Fund’s Audit Committee and a member of the Contract Review Committee, Nominating and Corporate Governance Committee, and Valuation Committee. |
Data sourced from SEC filings. Last updated: 2025-07-01