Corporate Board Profile
Tech Score: 0/100
1 mention(s) identify CYNTHIA L. EGAN as having software/technology expertise.
| Company | Filing Date | Evidence | Reason |
|---|---|---|---|
| Unum Group | 2023-04-13 | Ms. Egan retired as the President of T. Rowe Price Retirement Plan Services, Inc. | Ms. Egan has experience in technology and digital transformation, particularly in delivering complex financial products and services. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience. |
| 2019-06-11 | Advisor, U.S. Department of the Treasury; President, Retirement Plan Services for T. Rowe Price Group, Inc.; executive positions within Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience... Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan, Director/Trustee, age 61, serves on Compliance Committee, Performance Oversight Committee, and Governance Committee. Independent Board Member annual retainer is $280,000. |
| 2017-06-07 | Cynthia L. Egan 1955 Director 2019; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. Ms. Egan's independence from the Fund and the Fund's investment advisor enhances her service as a member of the Fund's Compliance Committee, Performance Oversight Committee and Governance Committee. Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee and each Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, the Chair and Vice-Chair of the Board are paid an additional annual retainer of $120,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each member of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $12,500, respectively, for his or her service on such committee. For the year ended December 31, 2016, the Closed-End Complex reimbursed Independent Board Member expenses in an aggregate amount of approximately $58,887. The Fund pays a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the Closed-End Complex. |
| 2018-06-06 | Cynthia L. Egan 1955 Director 2019;from2016 topresent Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 75 RICsconsistingof 75Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2019-06-11 | Cynthia L. Egan 1955 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF and FRA; 2019 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. The Independent Board Members have agreed that a maximum of 50% of each Independent Board Members total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complexs deferred compensation plan. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2022 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2022 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. The Boards have five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. The Audit Committee consists of Michael J. Castellano (Chair), Frank J. Fabozzi, Catherine A. Lynch and Karen P. Robards. The Governance Committee consists of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee consists of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee consists of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee consists of Richard E. Cavanagh (Chair), Karen P. Robards and John M. Perlowski. Effective January 1, 2021, each Independent Board Member is paid an annual retainer of $370,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan (1955) Director/ Trustee, from 2016 to present. Advisor, U.S. Department of the Treasury 2014-2015; President, Retirement Plan Services, T. Rowe Price Group, Inc. 2007-2012. Serves as Chair of Compliance Committee, member of Governance Committee, Performance Oversight Committee. Total compensation from all BlackRock advised Funds: $395,000. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan, Director/Trustee, 2016; from 2016 to present. Member of Compliance Committee, Performance Oversight Committee and Governance Committee. No compensation from the Funds as of December 31, 2015. |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017 for BGIO, HYT, DSU, CII, EGF and FRA; 2019 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 75 RICs consisting of 75 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair), Michael J. Castellano, Frank J. Fabozzi, W. Carl Kester and Catherine A. Lynch. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Compliance Committee is composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee and each Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, the Chair and Vice-Chair of the Board are paid an additional annual retainer of $120,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2019-06-11 | Cynthia L. Egan, born 1955, Director/ Trustee, serving since 2016. Committees: Chair of Compliance, member of Governance and Performance Oversight. Annual compensation $337,500. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2022 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Independent Board Members have adopted a statement of policy that describes the experiences, qualifications, skills and attributes that are necessary and desirable for potential Independent Board Member candidates (the Statement of Policy). The Boards believe that each Independent Board Member satisfied, at the time he or she was initially elected or appointed as a Board Member, and continues to satisfy, the standards contemplated by the Statement of Policy as well as the standards set forth in each Fund's By-laws. Furthermore, in determining that a particular Board Member was and continues to be qualified to serve as a Board Member, the Boards have considered a variety of criteria, none of which, in isolation, was controlling. The Boards believe that, collectively, the Board Members/Nominees have balanced and diverse experiences, skills, attributes and qualifications, which allow the Boards to operate effectively in governing the Funds and protecting the interests of shareholders. Among the attributes common to all Board Members/Nominees is their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the Funds' investment adviser, sub-advisers, other service providers, counsel and independent auditors, and to exercise effective business judgment in the performance of their duties as Board Members. Each Board Member's/Nominee's ability to perform his or her duties effectively is evidenced by his or her educational background or professional training; business, consulting, public service or academic positions; experience from service as a board member of the Funds or the other funds in the BlackRock fund complexes (and any predecessor funds), other investment funds, public companies, or not-for-profit entities or other organizations; ongoing commitment and participation in Board and committee meetings, as well as their leadership of standing and other committees throughout the years; or other relevant life experiences. The table below discusses some of the experiences, qualifications and skills of the Board Members, including the Board Nominees, that support the conclusion that they should serve (or continue to serve) on the Boards. Cynthia L. Egan Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2022 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICsconsistingof 99Portfolios Unum (insurance); The Hanover Insurance Group (Board Chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan has broad knowledge of investment companies and the retirement industry, with senior roles at T. Rowe Price and Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan, Director/Trustee, 2016; from 2016 to present. Member of Compliance Committee, Performance Oversight Committee and Governance Committee. No compensation stated. |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017 for BGIO, HYT, DSU, CII, EGF and FRA; 2019 for all other Funds; from 2016 to present ...Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ...Ms. Egan became an Independent Board Member on April 1, 2016. As of December 31, 2016, Ms. Egan did not participate in the deferred compensation plan. ...Cynthia L. Egan compensation for Closed-End Complex: $219,192. |
| 2018-06-06 | Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF and FRA; 2019 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2022 for all other Funds; from 2016 to present Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2022 for all other Funds; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICsconsistingof 99Portfolios Unum (insurance); The Hanover Insurance Group (Board Chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments... Ms. Egan’s independence from the Funds and the Funds’ investment advisor enhances her service as a member of the Funds’ Compliance Committee, Performance Oversight Committee and Governance Committee. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Advisor, U.S. Department of the Treasury; President, Retirement Plan Services for T. Rowe Price Group; executive positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan has broad knowledge of investment companies and the retirement industry, with senior roles at T. Rowe Price and Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-11-04 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 75 RICs consisting of 75 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. ... Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present ...Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. ...Effective January 1, 2021, each Independent Board Member is paid an annual retainer of $370,000 per year...The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid additional annual retainers of $45,000, $37,500, $45,000 and $37,500, respectively...The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year...Cynthia L. Egan: $400,000. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan (1955) Director/ Trustee, from 2016 to present. Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012. Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Total compensation from all BlackRock advised Funds: $395,000. |
| 2024-06-05 | Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 Ms. Egan became an Independent Board Member of all Funds except BPP on April 1, 2016. Ms. Egan is a Board Nominee for BPP. As of December 31, 2015, Ms. Egan did not participate in the deferred compensation plan. Fund’s Fiscal Year End Cynthia L. Egan Closed-End Complex Total Compensation: $0 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $219,192. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. The Funds will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan (1955) Director/ Trustee. Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012. Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Total compensation from all BlackRock advised Funds: $395,000. |
| 2024-06-05 | Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 75 RICs consisting of 75 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018;from2016 topresent ...Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ...The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ...Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. ...Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. Cynthia L. Egan: $337,500. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. The Funds will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester, all of whom are Independent Board Members. The Boards have approved the Board Nominees named in the joint proxy statement, believe their election is in your best interest and unanimously recommend that you vote "FOR" each Board Nominee. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan (1955) Director/ Trustee, Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012. Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Total compensation from all BlackRock advised Funds: $395,000. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee ... Cynthia L. Egan's compensation from the Closed-End Complex was $219,192. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard, all of whom are Independent Board Members. ... Each Fund has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. ... Each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. Governance Committee composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee of each Fund, except BPP, has a Compliance Committee composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard, all of whom are Independent Board Members. Each Fund, except BPP, has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. The Governance Committee of each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 Compensation: $400,000 per year. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively ... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 Cynthia L. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Compensation: $400,000. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Ms. Egan's independence from the Fund and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member's total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex's deferred compensation plan. |
| 2023-05-23 | Cynthia L. Egan 1955 Trustee 2023; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 70 RICs consisting of 101 Portfolios Unum (insurance); The Hanover Insurance Group (Board Chair); Huntsman Corporation (Lead Independent Director and non-Executive Vice Chair of the Board) (chemical products) The Independent Board Members have adopted a statement of policy that describes the experiences, qualifications, skills and attributes that are necessary and desirable for potential Independent Board Member candidates (the Statement of Policy). The Board believes that each Independent Board Member satisfied, at the time he or she was initially elected or appointed as a Board Member, and continues to satisfy, the standards contemplated by the Statement of Policy as well as the standards set forth in the Fund's By-laws. Furthermore, in determining that a particular Board Member was and continues to be qualified to serve as a Board Member, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Board Members/Nominees have balanced and diverse experiences, skills, attributes and qualifications, which allow the Board to operate effectively in governing the Fund and protecting the interests of shareholders. Among the attributes common to all Board Members/Nominees is their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the Fund's investment adviser, sub-advisers, other service providers, counsel and independent auditors, and to exercise effective business judgment in the performance of their duties as Board Members. Each Board Member's/Nominee's ability to perform his or her duties effectively is evidenced by his or her educational background or professional training; business, consulting, public service or academic positions; experience from service as a board member of the Fund or the other funds in the BlackRock fund complexes (and any predecessor funds), other investment funds, public companies, or not-for-profit entities or other organizations; ongoing commitment and participation in Board and committee meetings, as well as their leadership of standing and other committees throughout the years; or other relevant life experiences. The Chair of the Board and the Chief Executive Officer are different people. Not only is the Chair an Independent Board Member, but also the Chair of each Board committee (each, a Committee) is an Independent Board Member. The Board has five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. The Board has also established an ad hoc Discount Sub-Committee. The Chair of the Board and the Vice Chair of the Board are paid an additional annual retainer of $100,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are each paid an additional annual retainer of $45,000, $37,500, $45,000 and $37,500, respectively. Each of the members of the Audit Committee, Compliance Committee and Governance Committee is paid an additional annual retainer of $30,000, $25,000 and $25,000, respectively, for his or her service on such committee. The Fund will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by the Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. For the number of BlackRock-advised Funds from which each Independent Board Member receives compensation, see the Biographical Information Chart in the discussion of Proposal 1. Messrs. Perlowski and Fairbairn serve without compensation from the Fund because of their affiliation with BlackRock, Inc. and the Advisor. Cynthia L. Egan $0 (Fund) $465,000 (all BlackRock-advised funds) |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by the Closed-End Complex for the most recently completed calendar year... Cynthia L. Egan: $219,192. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard, all of whom are Independent Board Members. ... Each Fund has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. ... Each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively... The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member's total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex's deferred compensation plan. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. Governance Committee composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $219,192. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. ... The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. Governance Committee composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan (1955) Director/ Trustee, Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012. Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Total compensation from all BlackRock advised Funds: $395,000. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Cynthia L. Egan 55 East 52nd Street New York, NY 10055 1955 Director/Trustee for all Funds (except BPP); Board Nominee for BPP 2016; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; a President at T. Rowe Price Group, Inc. from 2007 to 2012. 73 RICs consisting of 73 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 |
| 2017-06-07 | Cynthia L. Egan 1955 Director/Trustee 2017; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Funds' Compliance Committee, Performance Oversight Committee and Governance Committee. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Compliance Committee is composed of Jerrold B. Harris (Chair), Richard E. Cavanagh, Cynthia L. Egan and R. Glenn Hubbard. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Cynthia L. Egan 1955 Director/Trustee 2018; from 2016 to present ... Ms. Egan's independence from the Funds and the Funds' investment advisor enhances her service as Chair of the Funds' Compliance Committee and as a member of the Funds' Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Cynthia L. Egan 1955 Director/Trustee 2019; from 2016 to present ... Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively ... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. |
| 2020-06-09 | Cynthia L. Egan 1955 Director/Trustee 2020; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 87 RICs consisting of 111 Portfolios Unum (insurance); The Hanover Insurance Group (insurance); Envestnet (investment platform) from 2013 until 2016 The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2020-11-04 | Cynthia L. Egan 1955 Board Member (Since 2016) Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2021-06-08 | Cynthia L. Egan 1955 Director/Trustee 2021; from 2016 to present Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. 73 RICs consisting of 99 Portfolios Unum (insurance); The Hanover Insurance Group (Board chair) (insurance); Huntsman Corporation (chemical products); Envestnet (investment platform) from 2013 until 2016 Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. |
| 2022-06-03 | Ms. Egan's independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and of The Hanover Group, a public property casualty insurance company. Ms. Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co., President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms. Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms. Egan is also the lead independent director and non-executive Vice Chair of the Board of Huntsman Corporation, a publicly traded manufacturer and marketer of chemical products. Ms.Egan’s independence from the Funds and the Advisor enhances her service as Chair of the Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-11-04 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as a President at T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2017-06-07 | Advisor, U.S. Department of the Treasury; President, Retirement Plan Services, for T. Rowe Price Group, Inc.; executive positions within Fidelity Investments. |
| 2018-06-06 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry... Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. |
| 2019-06-11 | Ms. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President of Retirement Plan Services for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2020-06-09 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2021-06-08 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry. |
| 2022-06-03 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| 2023-05-23 | Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007. |
| 2024-06-05 | Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-04-07 | Ms. Egan is a member of the Nominating and Corporate Governance Committee. Ms. Egan's term expires in 2018. |
| 2017-03-30 | Ms. Egan is a member of the Nominating and Corporate Governance Committee. Ms. Egan's term expires in 2018. |
| 2018-03-28 | Ms. Egan is Chair of the Compensation Committee. If re-elected, Ms. Egan’s term will expire in 2021. Compensation Committee Retainer $21,000; Committee Member Annual Retainer $10,000; Annual Director Retainer Stock Component $125,000; Cash Component $90,000; Total $241,000. |
| 2019-03-28 | Ms. Egan is Chair of the Compensation Committee. Ms. Egan’s term expires in 2021. ... Committee of Independent Directors ... Compensation Committee ... Director Compensation Table ... Cynthia L. Egan ... Total ($) 260,000. |
| 2020-03-27 | Cynthia L. Egan Age: 64 Director since 2015 Ms. Egan is Vice Chair of the Board and Chair of the Compensation and Human Capital Committee. Director Compensation Table Cynthia L. Egan Total ($): 260,000 Board Committees Cynthia L. Egan Compensation and Human Capital Committee |
| 2021-03-26 | Ms. Egan is Chair of the Board and Chair of the Compensation and Human Capital Committee. If re-elected, Ms. Egan’s term will expire in 2024. |
| 2022-03-25 | Ms. Egan is Chair of the Board and a member of the Compensation and Human Capital Committee. Ms. Egan’s term expires in 2024. |
| 2023-03-24 | Ms. Egan is Chair of the Board, the Independent Presiding Director and a member of the Compensation and Human Capital Committee. Ms. Egan’s term expires in 2024. |
| 2024-03-28 | Ms. Egan is Chair of the Board, the Independent Presiding Director and a member of the Compensation and Human Capital Committee. If re-elected, Ms. Egan’s term will expire in 2027. |
| 2025-03-27 | Cynthia L. Egan Age: 69 Director since 2015 Chair of the Board Compensation and Human Capital Committee Member From 2007 until her retirement in 2012, Ms. Egan was President, Retirement Plan Services for T. Rowe Price Group, a global investment management organization. From 1989 to 2007, Ms. Egan held progressively senior positions with Fidelity Investments, a multinational financial services corporation, serving as Executive Vice President, Head of Fidelity Institutional Services Company, President of the Fidelity Charitable Gift Fund, and Executive Vice President of Fidelity Management Research Co. From 2014 to 2015, she was an advisor to the U.S. Department of Treasury specializing in retirement security. Ms. Egan began her professional career at the Board of Governors of the Federal Reserve and prior to joining Fidelity, worked at KPMG Peat Marwick and Bankers Trust Company. Ms. Egan is also a director of Unum Group, a publicly traded insurance company providing group long-term disability insurance, employee benefits, individual disability insurance and special risk reinsurance; Vice Chair and Lead Independent Director of Huntsman Corporation, a publicly traded global manufacturer and marketer of differentiated and specialty chemicals; and a director of the BlackRock Fixed Income Funds Complex, a fund complex comprised of 103 mutual funds. Ms. Egan also serves as Emeriti Chair of the Board of Visitors of the University of Maryland School of Medicine. Skills & Qualifications: We believe Ms. Egan’s qualifications to serve on our Board include her many years of management experience in the financial services industry at Fidelity and T. Rowe Price and her experience on the boards of other publicly traded companies. Ms. Egan’s term expires in 2027. |
| Filing Date | Source Excerpt |
|---|---|
| 2015-04-09 | Ms. Egan was President of T. Rowe Price Retirement Plan Services, Inc., a retirement planning subsidiary of the global investment management firm T. Rowe Price Group, Inc., from May 2007 until her retirement in December 2012. She recently served as a senior advisor to the U.S. Department of the Treasury on the development of myRA, a Treasury-sponsored program created to support retirement savings for workers not covered by other employer-sponsored plans. Prior to her work at T. Rowe Price, she was a long-time member of the executive team at Fidelity Investments where she was head of Fidelity Institutional Tax-Exempt Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan is also a director of Envestnet, Inc., a provider of unified wealth management software and services to financial advisors and institutions. Ms. Egan has operational experience in delivering complex financial products and services on a large scale through her work at T. Rowe Price and Fidelity. Her knowledge of the retirement industry gives her insight into the need for the financial protection benefits we provide. She has experience operating in a regulated environment and qualifies as an audit committee financial expert under SEC regulations. |
| 2016-04-14 | Director since 2014 Age 60 Cynthia L. Egan Independent Director Member of the Audit Committee Member of the Regulatory Compliance Committee |
| 2017-04-13 | Cynthia L. Egan Independent Director Member of the Human Capital Committee Member of the Regulatory Compliance Committee |
| 2019-04-11 | Director since 2014 Age at Annual Meeting 63 Independent Director Committees Human Capital (chair) Regulatory Compliance ... Ms. Egan retired as the President of T. Rowe Price Retirement Plan Services, Inc. ... NON-EMPLOYEE DIRECTOR COMPENSATION Cynthia L. Egan $130,000 Fees Earned or Paid in Cash, $150,000 Stock Awards, Total $290,000. |
| 2020-04-16 | Director since 2014 Age at Annual Meeting 64 Independent Director Committees Human Capital (Chair) Regulatory Compliance ... NON-EMPLOYEE DIRECTOR COMPENSATION Cynthia L. Egan $145,000 Fees Earned or Paid in Cash $160,010 Stock Awards $10,000 All Other Compensation $315,010 Total |
| 2021-04-15 | Director since 2014 Age at Annual Meeting 65 Independent Director Committees Human Capital (Chair) Regulatory Compliance Ms. Egan retired as the President of T. Rowe Price Retirement Plan Services, Inc., a subsidiary of the global investment management firm T. Rowe Price Group, Inc. Prior to that, she held various executive positions at Fidelity Investments. She has significant operational experience in delivering complex financial products and services on a large scale, as well as experience in using technology to lead businesses through growth and operational transitions. Ms. Egan is and has been a director at other publicly traded companies. NON-EMPLOYEE DIRECTOR COMPENSATION Name Fees Earned or Paid in Cash Stock Awards All Other Compensation Total Cynthia L. Egan 145,000 159,996 10,000 314,996 |
| 2022-04-14 | Director since 2014 Age: 66 Independent Director COMMITTEES • Human Capital (Chair) • Regulatory Compliance Cynthia L. Egan NON-EMPLOYEE DIRECTOR COMPENSATION Fees Earned or Paid in Cash: $145,000 Stock Awards: $160,012 All Other Compensation: $10,000 Total: $315,012 |
| 2023-04-13 | Ms. Egan retired as the President of T. Rowe Price Retirement Plan Services, Inc. |
| 2024-04-11 | Director since 2014 Age: 68 INDEPENDENT DIRECTOR COMMITTEES Human Capital (Chair) Regulatory Compliance Ms. Egan retired as the President of T. Rowe Price Retirement Plan Services, Inc., a subsidiary of the global investment management firm T. Rowe Price Group, Inc. Prior to that, she held various executive positions at Fidelity Investments. She has significant operational experience in delivering complex financial products and services on a large scale, as well as experience in using technology to lead businesses through growth and operational transitions. Ms. Egan is and has been a director at other publicly traded companies. 2023 NON-EMPLOYEE DIRECTOR COMPENSATION Cynthia L. Egan Fees Earned or Paid in Cash: 150,000 Stock Awards: 174,982 All Other Compensation: 10,000 Total: 334,982 |
Data sourced from SEC filings. Last updated: 2026-02-03