Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2010-01-05 | Ann Torre Bates (1958) 500 East Broward Blvd. Suite 2100 Fort Lauderdale, FL 33394-3091 Trustee Since 2008 31 SLM Corporation (Sallie Mae) and Allied Capital Corporation (financial services). Principal Occupation During Past 5 Years: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). The Audit Committee is currently comprised of David W. Niemiec (Chairman), Ann Torre Bates, Frank J. Crothers and Constantine D. Tseretopoulos, all of whom are Independent Trustees and considered to be “independent” as that term is defined by the NYSE’s listing standards. The Fund’s Independent Trustees constitute the sole independent Board members of 14 investment companies in the Franklin Templeton Investments complex for which each Independent Trustee currently is paid a $145,000 annual retainer fee, together with a $7,000 per meeting fee for attendance at each regularly scheduled Board meeting, a portion of which fees are allocated to the Fund. The table below indicates the total fees paid to Independent Trustees by the Fund individually and by all of the funds in the Franklin Templeton Investments fund complex. Ann Torre Bates 11,340 354,000 16 |
| 2011-01-05 | Ann Torre Bates (1958) ... Trustee since 2008 ... Audit Committee ... Compensation received for the fiscal year ended August 31, 2010 ... Ann Torre Bates $10,431 ... |
| 2012-01-03 | Ann Torre Bates each have been chief financial officers of major corporations; ... The Audit Committee currently comprised of David W. Niemiec (Chairman), Ann Torre Bates, Frank J. Crothers and Constantine D. Tseretopoulos, all of whom are Independent Trustees. |
| 2014-01-02 | Ann Torre Bates (1958) Trustee since 2008. Principal Occupation: Director of various companies; formerly Executive Vice President and Chief Financial Officer, NHP Incorporated (1995-1997); Vice President and Treasurer, US Airways, Inc. (until 1995). Compensation from the Fund: $10,360. |
| 2014-12-31 | Ann Torre Bates (1958) Trustee Since 2008 36 portfolios overseen. Principal Occupation: Director of various companies; formerly EVP and CFO of NHP Incorporated. Compensation from Fund: $9,746 for fiscal year ended August 31, 2014. |
| 2015-12-28 | Ann Torre Bates (1958) Trustee Since 2008 Audit Committee member Compensation $9,875 for fiscal year ended August 31, 2015. |
| 2016-12-28 | Ann Torre Bates (1958) ... Trustee since 2008 ... Audit Committee ... Compensation from the Fund $10,359. |
| 2018-04-11 | Ann Torre Bates (1958) Trustee Since 2008 40 portfolios Oversees 17 portfolios. Compensation from the Fund $10,832. Serves on Audit Committee. |
| 2019-04-01 | Ann Torre Bates (1958) 300 S.E. 2nd Street Fort Lauderdale, FL 33301-1923 Trustee Since 2008 Trustee compensation $15,599 for fiscal year ended December 31, 2018. |
| 2020-03-30 | Ann Torre Bates (1958) ... Trustee since 2008 ... Independent Trustee ... $16,701 compensation from the Fund ... Audit Committee member |
| 2021-03-09 | Ann Torre Bates (1958) 300 S.E. 2nd Street Fort Lauderdale, FL 33301-1923 Trustee Since 2008 30 portfolios Oversees $16,876 compensation from the Fund; Audit Committee member |
| Filing Date | Source Excerpt |
|---|---|
| 2008-04-11 | Principal Occupation During Past 5 Years: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995-1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2009-04-09 | Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2010-04-05 | Independent strategic and financial consultant; formerly Executive Vice President and Chief Financial Officer, NHP Incorporated; Vice President and Treasurer, US Airways, Inc. |
| 2012-03-28 | Ann Torre Bates, David W. Niemiec, Frank A. Olson and Robert E. Wade have been nominated for three-year terms, set to expire at the 2015 Annual Meeting of Shareholders. These terms continue, however, until their successors are duly elected and qualified. All of the nominees are currently members of the Board and are deemed to be Independent Directors. |
| 2014-04-02 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2015-04-15 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2016-04-15 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2017-04-21 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2018-04-11 | Ann Torre Bates: Director since 2008; Executive Vice President and Chief Financial Officer, NHP Incorporated; Vice President and Treasurer, US Airways, Inc. |
| 2019-04-01 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2020-03-30 | Ann Torre Bates has served as a chief financial officer of a major corporation and as a board member of a number of public companies; Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997). |
| 2021-03-29 | Ann Torre Bates has served as a chief financial officer of a major corporation and as a board member of a number of public companies; no mention of programming or technical degrees. |
| 2022-03-28 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2023-03-27 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2024-04-02 | Ann Torre Bates (1958) ... Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| Filing Date | Source Excerpt |
|---|---|
| 2008-01-14 | Ann Torre Bates (1958) Trustee Since 27 SLM Corporation (Sallie Mae) and Allied Capital Corporation (financial services). Principal Occupation During Past 5 Years: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995-1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2009-01-12 | Ann Torre Bates (1958) Trustee Since 2008 ... The Fund's Audit Committee is currently comprised of Ms. Bates and Messrs. Niemiec (Chairman), Crothers and Tseretopoulos, all of whom are Independent Trustees ... The table below indicates the total fees paid to the Independent Trustees by the Fund individually ... Ann Torre Bates/(4) /........ 2,591 ... Ms. Bates also are independent trustees of Franklin Mutual Series Funds ... |
| 2010-01-05 | Ann Torre Bates (1958) 500 East Broward Blvd. Suite 2100 Fort Lauderdale, FL 33394-3091 Trustee Since 2008 31 SLM Corporation (Sallie Mae) and Allied Capital Corporation (financial services). Principal Occupation During Past 5 Years: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). The Board has a standing Audit Committee currently comprised of David W. Niemiec (Chairman), Ann Torre Bates, Frank J. Crothers and Constantine D. Tseretopoulos, all of whom are Independent Trustees and considered to be “independent” as that term is defined by the NYSE’s listing standards. |
| 2011-01-05 | Ann Torre Bates (1958) 500 East Broward Blvd. Suite 2100 Fort Lauderdale, FL 33394-3091 Trustee Since 2008 32 SLM Corporation (Sallie Mae), Ares Capital Corporation (specialty finance company) and Allied Capital Corporation (financial services) (2003–2010). Principal Occupation During Past 5 Years and Beyond: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2012-01-03 | Ann Torre Bates is an Independent Trustee and member of the Audit Committee. The Fund’s Independent Trustees are paid a $155,000 annual retainer fee. The Audit Committee members receive additional fees for meetings. |
| 2014-01-02 | Ann Torre Bates (1958) Trustee Since 2008 ... Compensation from the Fund $3,255 ... Audit Committee member ... |
| 2014-12-31 | Ann Torre Bates (1958) Trustee Since 2008 36 portfolios in Franklin Templeton Investments fund complex. Total compensation from the Fund: $2,856. Audit Committee member. |
| 2015-12-28 | Ann Torre Bates (1958) Trustee Since 2008 42 portfolios Overseen. Audit Committee member. Compensation from the Fund $2,807. |
| 2016-12-28 | Ann Torre Bates (1958) 300 S.E. 2nd Street Fort Lauderdale, FL 33301-1923 Trustee Since 2008 42 portfolios Aggregate Compensation from the Fund $1,941 Audit Committee member |
| 2017-12-28 | Ann Torre Bates (1958) Trustee Since 2008 42 portfolios Oversees Other Directorships: Ares Capital Corporation, United Natural Foods, Inc., Allied Capital Corporation, SLM Corporation, Navient Corporation. Compensation: $2,493 from the Fund for fiscal year ended August 31, 2017. |
| 2019-01-02 | Ann Torre Bates (1958) Trustee Since 2008; Director of various companies; Audit Committee member; Compensation: $4,198 from the Fund for fiscal year ended August 31, 2018. |
| 2020-01-02 | Ann Torre Bates (1958) ... Trustee ... Since 2008 ... $4,132 Aggregate Compensation from the Fund ... Audit Committee |
| 2021-01-07 | Ann Torre Bates (1958) Trustee Since 2008 30 portfolios overseen. Compensation from the Fund $4,345 for fiscal year ended August 31, 2020. Serves on Audit Committee. |
| 2022-01-06 | Ann Torre Bates (1958) Trustee Since 2008 30 portfolios Audit Committee member. Compensation from the Fund: $3,134. |
| 2023-01-05 | Ann Torre Bates (1958) Trustee Since 2008 30 portfolios Oversees Compensation from the Fund $2,677.63 |
| 2024-01-04 | Ann Torre Bates (1958) ... Trustee ... Since 2008 ... Ann Torre Bates ... $2,732.60 ... Audit Committee ... Ann Torre Bates serves on the Audit Committee. |
| 2025-01-06 | Ann Torre Bates (1958) Trustee Since 2008 29 portfolios overseen. Compensation from Fund $2,762.19. |
| Filing Date | Source Excerpt |
|---|---|
| 2008-01-14 | Principal Occupation During Past 5 Years: Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995-1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2009-01-12 | Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995-1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2010-01-05 | Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2011-01-05 | Independent strategic and financial consultant; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2012-01-03 | David W. Niemiec and Ann Torre Bates each have been chief financial officers of major corporations. |
| 2014-01-02 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2014-12-31 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2015-12-28 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2016-12-28 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2018-04-11 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2019-04-01 | Executive Vice President and Chief Financial Officer, NHP Incorporated; Vice President and Treasurer, US Airways, Inc. |
| 2020-03-30 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2021-03-29 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2022-03-28 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2023-03-27 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997). |
| 2024-04-02 | Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
| 2025-04-01 | Principal Occupation During at Least the Past 5 Years: Director of various companies; and formerly, Executive Vice President and Chief Financial Officer, NHP Incorporated (manager of multifamily housing) (1995–1997); and Vice President and Treasurer, US Airways, Inc. (until 1995). |
Data sourced from SEC filings. Last updated: 2025-12-06