Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2002-03-01 | David J. Vitale (3)(5).... Director since April 2000 Current term expires 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. since March 2001; Retired bank executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993); Director, Ariel Capital Management, Inc., Ark Investment Management, Wheels Inc. |
| 2003-03-21 | David J. Vitale (3)(5)....... Director since April 2000 Nominee for a term expiring in 2006 Private investor and, since February 2003, Senior Adviser to the Chicago Board of Education; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc., March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993); Director, Ariel Capital Management, Inc. and Ark Investment Management Wheels Inc. |
| 2004-03-01 | David J. Vitale (3)(5).... Director since April 2000 Chief Administrative Officer, Chicago Public Schools since April 2003; Private investor November 2002-April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc., March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993); Director, Ariel Capital Management, Inc., Ark Investment Management and Wheels, Inc. Age 57 |
| 2005-03-01 | David J. Vitale (1)(4)........ Director since April 2000 Chief Administrative Officer, Chicago Public Schools since April 2003; Private investor November 2002-April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc., March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993- 1998 (Director, 1992-1998; Executive Vice President, 1986-1993); Director, ISO New England Inc. (not for profit independent system operator of New England's electricity supply), Ariel Capital Management, Inc., Ark Investment Management and Wheels, Inc. |
| 2006-03-31 | David J. Vitale Director Nominee Chief Administrative Officer, Chicago 3 Director, UAL c/o Duff & Phelps for a term Public Schools since April 2003; Private Corporation Investment expiring investor November 2002-April 2003; (airline holding Management Co. in 2009; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993); |
| 2007-03-01 | David J. Vitale(1)(4) Director Term expires 2009; Member of the nominating and governance committee; Member of the contracts committee; Compensation Table: $47,500 from Fund. |
| 2008-03-03 | David J. Vitale(1)(5) c/o Duff & Phelps Investment Management Co. 55 East Monroe Street Suite 3600 Chicago, IL 60603 Age: 61 Member of the contracts committee of the board of directors... Compensation Table: David J. Vitale $108,000. |
| 2008-05-28 | The following table shows shares of common stock of the Fund as to which each director, and all directors and executive officers of the Fund as a group, had or shared power over voting or disposition at May 1, 2008. David J. Vitale 5,250 shares. |
| 2009-02-26 | David J. Vitale (1)(5) c/o Duff & Phelps Investment Management Co.200 South Wacker Drive Suite 500 Chicago, IL 60606Age: 62 Director Nominee for a term expiring in 2012; Director since April 2000 Private investor; Senior Advisor to the CEO, Chicago Public Schools April 2007–December 2008; Chief Administrative Officer, Chicago Public Schools April 2003–April 2007; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001–November 2002; Retired executive 1999–2001; Vice Chairman and Director, Bank One Corporation, 1998–1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995–1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993–1998 (Director, 1992–1998; Executive Vice President, 1986–1993) |
| 2010-04-05 | David J. Vitale (1) c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 63 Director and Chairman of the Board Director since April 2000. Term expires 2012 Chairman of the Board of the Fund, DTF and DUC since May 2009; Private investor since December 2008; Senior Advisor to the CEO, Chicago Public Schools, April 2007–December 2008 (Chief Administrative Officer, April 2003–April 2007); Private investor November 2002–April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001–November 2002; Private investor 1999–2001; Vice Chairman and Director, Bank One Corporation, 1998–1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995–1998 (Director, 1992–1998; Executive Vice President, 1986–1993) |
| 2011-03-31 | David J. Vitale c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 64 Director and Chairman of the Board Director of DNP since April 2000 and of DTF and DUC since May 2005; Term expires 2012 Chairman of the Board of the Funds since May 2009; Executive Chairman, Urban Partnership Bank since August 2010; Private investor January 2009-August 2010; Senior Advisor to the CEO, Chicago Public Schools, April 2007-December 2008 ... Member of the executive committee of the Board ... David J. Vitale Aggregate Compensation From Fund and Fund Complex Paid to Directors: $119,000 |
| 2012-04-03 | David J. Vitale Age: 65 Director and Chairman of the Board Nominee for term expiring in 2015; Director of DNP since April 2000 and of DUC since May 2005 Chairman of the Board of the Funds and DTF since May 2009; Chairman of the Board of DPG since May 2011; Chairman, Urban Partnership Bank since August 2010; Private investor January 2009-August 2010; Senior Advisor to the CEO, Chicago Public Schools April 2007-December 2008; Chief Administrative Officer, Chicago Public Schools April 2003-April 2007; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998 (Director 1992-1998; Executive Vice President 1986-1993); Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Because each director serves as a director of both of the Funds and as a director of DTF and DPG, directors receive a single set of fees as remuneration for their service to all four funds: (i) each director not affiliated with the Adviser receives a retainer fee of $55,000 per year; (ii) the chairpersons of the audit committee, contracts committee and nominating and governance committee each receive an additional retainer fee of $8,000 per year; (iii) the Chairman of the Board receives an additional retainer fee of $50,000 per year; (iv) each director not affiliated with the Adviser who attends a Board meeting in person receives a fee of $5,000 for such attendance, with an annual maximum of $20,000 (prior to August 1, 2011, such fee was $3,000 per meeting, with an annual maximum of $12,000); (v) each committee member who attends a committee meeting in person receives a fee of $3,500 for such attendance, with an annual maximum of $7,000 (prior to August 1, 2011, such fee was $2,000 per meeting, with an annual maximum of $4,000); and (vi) each director who attends the Funds’ annual education program in person receives a fee of $2,000 for such attendance (for no more than one such program per year). Directors and officers affiliated with the Adviser receive no compensation from the Funds for their services as such. In addition to the amounts shown in the table above, all directors and officers who are not interested persons of the Funds, the Adviser or the Administrator (as defined below) are reimbursed for the expenses incurred by them in connection with their attendance at a meeting of the Board or a committee of the Board. The Funds do not have a pension or retirement plan applicable to their directors or officers. Compensation Table: David J. Vitale Aggregate Compensation from DNP $68,362 Aggregate Compensation from DUC $24,333 Total Compensation $123,000 |
| 2013-04-03 | David J. Vitale Age: 66 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; Term expires 2015... Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011... Member of the executive committee of the Board... Aggregate Compensation from Fund Complex Paid to Directors: $127,000. |
| 2014-05-07 | David J. Vitale Age: 67 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; Term expires 2015 Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. (1)(3) Member of the executive committee of the Board... Total Compensation From Fund Complex Paid to Directors: 112,188 |
| 2015-05-07 | David J. Vitale Age: 68 Director and Chairman of the Board Nominee for term expiring in 2018; Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; President, Chicago Board of Education since 2011; Chairman, Urban Partnership Bank since 2010; Private investor 2009-2010; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) 4 portfolios overseen Director, United Continental Holdings, Inc. (airline holding company; f/k/a UAL Corporation), Urban Partnership Bank, Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Total compensation $121,900. |
| 2016-02-04 | David J. Vitale Age: 69 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2018 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007- 2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001- 2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Director, United Continental Holdings, Inc. (airline holding company; f/k/a UAL Corporation), Urban Partnership Bank, Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Total Compensation: $127,000 |
| 2017-01-31 | David J. Vitale Age: 70 Director and Chairman of the Board Nominee for term expiring in 2020; Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; Chairman, Urban Partnership Bank since 2010; ... The executive committee is comprised of Mr. Vitale (Chairman), Ms. Moran and Mr. Pollard (until March 14, 2017) ... The audit committee of the Board is comprised of all independent directors of each Fund (Mr. Pollard, retiring effective March 14, 2017, is the current Chairman) ... The contracts committee of the Board is comprised of all independent directors of each Fund (Ms. Moran, Chairperson) ... The nominating and governance committee of the Board is comprised of all independent directors of each Fund (Mr. Poindexter, retiring effective March 14, 2017, is the current Chairman) ... David J. Vitale compensation total $131,750. |
| 2018-01-30 | David J. Vitale Age: 71 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2020 Chairman of the Board of DNP, DUC and DTF since 2009 and DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Executive Committee Chairman. Audit Committee member. Total compensation from Fund Complex: $134,000. |
| 2019-01-22 | David J. Vitale Age: 72 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2020 Chairman of the Board of DUC and DTF since 2009 and DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Executive Committee Chairman. Aggregate compensation from Fund Complex: $134,000. |
| 2020-01-24 | David J. Vitale Age: 73 Director and Chairman of the Board Nominee for a term expiring in 2023; Director of DNP since 2000, of DTF since 2005 and of DPG since 2011 Advisor, Ariel Investments, LLC since 2019; Chairman, Urban Partnership Bank 2010-2019; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman). Aggregate Compensation from Fund Complex Paid to Directors: $134,000. |
| 2021-01-22 | David J. Vitale Age: 74 Director and Chairman of the Board Term expires 2023; Director of DNP since 2000 and of DPG since 2011. Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive... The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran... Total Compensation from Fund Complex Paid to Directors: $134,000. |
| 2022-01-19 | David J. Vitale Age: 75 Director and Chairman of the Board Term expires 2023; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005. Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran, and has authority, with certain exceptions, to exercise the powers of the Board between Board meetings. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund's accounting, auditing, financial reporting and internal control functions. The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2021. David J. Vitale $ 106,047 $ 18,768 $ 4,877 $ 129,692 |
| 2023-01-13 | David J. Vitale Age: 76 Director and Chairman of the Board Nominee for a term expiring in 2025; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005 Chairman of the Board of DNP and DTF since 2009 and DPG since 2011; Advisor, Ariel Investments, LLC 2019-2021; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund’s independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund’s accounting, auditing, financial reporting and internal control functions. |
| 2024-01-24 | David J. Vitale Age: 77 Director and Chair of the Board Term expires 2025; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005. Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chair), Mr. Burke, Ms. McNamara and Ms. Moran. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Vitale). The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2023. David J. Vitale AggregateCompensationfrom DNP $ 118,438 AggregateCompensationfrom DPG $ 17,954 AggregateCompensationfrom DTF $ 3,608 AggregateCompensationfrom Other Fundsin Fund Complex $ 0 Total Compensationfrom Fund ComplexPaid to Directors $ 140,000. |
| 2025-01-24 | David J. Vitale Age: 0 Chair of the Board Term expires 2027; Director of DNP, DPG and DTF since 2000, 2011 and 2005 respectively. Mr. Vitale currently serves as Chair of the Board of the Funds; upon his retirement, Ms. Moran (who currently serves as Vice Chair) will assume the role of Chair of the Board of the Funds. Mr. Vitale was selected to serve on the Board because of his extensive experience and knowledge in the utility industry and investment management. |
| Filing Date | Source Excerpt |
|---|---|
| 2005-04-15 | David J. Vitale++ Chief Administrative Officer, Chicago 1 Director, ISO 125 South Clark Street Public Schools since April 2003; Private New England 16th Floor investor November 2002-April 2003; President and (not for Chicago, Illinois 60603 Chief Executive Officer, Board of Trade of the profit Age 59 City of Chicago, Inc., March 2001-November 2002; independent Retired executive 1999-2001; Vice Chairman and system Director, Bank One Corporation, 1998-1999; Vice operator of Chairman and Director, First Chicago NBD Corporation, New and President, The First National Bank of Chicago, England's 1995-1998; Vice Chairman, First Chicago electricity Corporation and The First National Bank supply); DNP of Chicago, 1993-1998 (Director, 1992- Select Income 1998; Executive Vice President, 1986-1993); Fund Inc. Vice Chairman, First Chicago Corporation and The (closed-end First National Bank of Chicago, 1993-1998 (Director, fund); Ariel 1992-1998; Executive Vice President, 1986-1993); Capital Management, Inc., and Ark Investment Management and Wheels, Inc. |
| 2006-04-18 | David J. Vitale/(1)(2)(3)/ Director Nominee for a Chief Administrative Officer, Chicago Public Schools since April 2003; Private investor November 2002-April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998 (Director, 1992-1998; Executive Vice President, 1986-1993) |
| 2007-04-12 | David J. Vitale, Age 60, Director, DTF and DUC term expires 2009; Director of DTF and DUC since 2005. Member of the audit committee and nominating and governance committee. Compensation: $17,000 from DTF and $23,500 from DUC. |
| 2008-04-08 | David J. Vitale c/o Duff & Phelps Investment Management Co. 55 East Monroe Street Suite 3600 Chicago, IL 60603 Age 61 Director DTF and DUC term expires 2009; Director of DTF and DUC since 2005 Senior Advisor to the CEO, Chicago Public Schools since April 2007; Chief Administrative Officer, Chicago Public Schools April 2003-April 2007; Private investor November 2002-April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Retired executive 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993) |
| 2009-04-08 | David J. Vitale c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 62 Director Nominee for a term expiring in 2012; Director since May 2005 Private investor since December 2008; Senior Advisor to the CEO, Chicago Public Schools April 2007-December 2008; Chief Administrative Officer, Chicago Public Schools April 2003-April 2007; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993) Compensation Table Name of Director Aggregate Compensation from the Fund Total Compensation From Fund and Fund Complex Paid to Directors David J. Vitale 22,593 116,687 |
| 2010-03-31 | David J. Vitale c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 63 Director and Chairman of the Board Director since May 2005. Term expires 2012 Chairman of the Board of the Funds and DNP since May 2009; Private investor since December 2008; Senior Advisor to the CEO, Chicago Public Schools, April 2007-December 2008 (Chief Administrative Officer, April 2003-April 2007); Private investor November 2002-April 2003; President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. March 2001-November 2002; Private investor 1999-2001; Vice Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago, 1993-1998 (Director, 1992-1998; Executive Vice President, 1986-1993) 3 Director, UAL Corporation (airline holding company), Alion Science and Technology Corporation, ISO New England Inc. (not for profit independent system operator of New England's electricity supply), Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale has had many years of service as an executive in both the private and public sector. He began his career at The First National Bank of Chicago, spending 31 years in the service of the bank and its parent companies, and rose to become Vice Chairman of the Board of Bank One Corporation, with overall responsibility for the bank's commercial banking business in the United States and international markets. He has subsequently served as President and Chief Executive Officer of the Board of Trade of the City of Chicago, Inc. and Chief Administrative Officer of the Chicago Public Schools. In addition to being a director of UAL Corporation (the holding company whose primary subsidiary is United Airlines), Mr. Vitale holds two directorships that are directly relevant to the business of the Funds: he is a director and vice chairman of ISO New England Inc. (the not for profit independent system operator of New England's electricity supply) and a director of Ariel Capital Management, LLC (a registered investment adviser). Mr. Vitale's knowledge of financial matters, capital markets, investment management and the utilities industry make him well qualified to serve as Chairman of the Board. |
| 2011-03-31 | David J. Vitale c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 64 Director and Chairman of the Board Director of DNP since April 2000 and of DTF and DUC since May 2005; Term expires 2012 Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. He is Chairman of the Board and a member of the executive committee and nominating and governance committee. Total compensation from Fund and Fund Complex paid to Mr. Vitale was $119,000. |
| 2012-04-03 | David J. Vitale Age: 65 Director and Chairman of the Board Nominee for term expiring in 2015; Director of DTF since May 2005 and of DPG since May 2011 Chairman of the Board of DTF, DNP and DUC since May 2009; Chairman of the Board of DPG since May 2011; Chairman, Urban Partnership Bank since August 2010; Private investor January 2009-August 2010; Senior Advisor to the CEO, Chicago Public Schools April 2007-December 2008; Chief Administrative Officer, Chicago Public Schools April 2003-April 2007 Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Compensation Table: David J. Vitale Total Compensation From Fund and Fund Complex Paid to Directors $123,000. |
| 2013-04-03 | David J. Vitale Age: 66 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; Term expires 2015 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; President, Chicago Board of Education since 2011; Chairman, Urban Partnership Bank since 2010; Private investor 2009-2010; Senior Advisor to the CEO, Chicago Public Schools 2007-2008; (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. |
| 2014-05-07 | David J. Vitale Age: 67 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; Term expires 2015 Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Chairman of the Board. Total compensation: $112,188. |
| 2015-05-07 | David J. Vitale Age: 68 Director and Chairman of the Board Nominee for term expiring in 2018; Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; President, Chicago Board of Education since 2011; Chairman, Urban Partnership Bank since 2010; Private investor 2009-2010; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) 4 portfolios overseen Director, United Continental Holdings, Inc. (airline holding company; f/k/a UAL Corporation), Urban Partnership Bank, Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Compensation: $121,900. |
| 2016-02-04 | David J. Vitale Age: 69 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2018 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007- 2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001- 2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Director, United Continental Holdings, Inc. (airline holding company; f/k/a UAL Corporation), Urban Partnership Bank, Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. |
| 2017-01-31 | David J. Vitale Age: 70 Director and Chairman of the Board Nominee for term expiring in 2020; Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011 Chairman of the Board of DNP, DUC and DTF since 2009 and of DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001- 2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Director, United Continental Holdings, Inc. (airline holding company; f/k/a UAL Corporation), Urban Partnership Bank, Ariel Capital Management, LLC and Wheels, Inc. (automobile fleet management) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. |
| 2018-01-30 | David J. Vitale Age: 71 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2020 Chairman of the Board of DNP, DUC and DTF since 2009 and DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Executive Committee Chairman, Audit Committee member. Total Compensation from Fund Complex Paid to Directors: $134,000.00. |
| 2019-01-22 | David J. Vitale Age: 72 Director and Chairman of the Board Director of DNP since 2000, of DUC and DTF since 2005 and of DPG since 2011; term expires 2020 Chairman of the Board of DUC and DTF since 2009 and DPG since 2011; Chairman, Urban Partnership Bank since 2010; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. Executive Committee, Audit Committee |
| 2020-01-24 | David J. Vitale Age: 73 Director and Chairman of the Board Nominee for a term expiring in 2023; Director of DNP since 2000, of DTF since 2005 and of DPG since 2011 Advisor, Ariel Investments, LLC since 2019; Chairman, Urban Partnership Bank 2010-2019; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman). Aggregate Compensation from Fund Complex Paid to Directors: $134,000. |
| 2021-01-12 | David J. Vitale Age: 74 Director and Chairman of the Board Term expires 2023; Director of the Fund since 2005 Advisor, Ariel Investments, LLC since 2019; Chairman, Urban Partnership Bank 2010-2019; President, Chicago Board of Education 2011-2015; Senior Advisor to the CEO, Chicago Public Schools 2007-2008 (Chief Administrative Officer 2003-2007); President and Chief Executive Officer, Board of Trade of the City of Chicago, Inc. 2001-2002; Vice Chairman and Director, Bank One Corporation 1998-1999; Vice Chairman and Director, First Chicago NBD Corporation, and President, The First National Bank of Chicago 1995-1998; Vice Chairman, First Chicago Corporation and The First National Bank of Chicago 1993-1998 (Director 1992-1998; Executive Vice President 1986-1993) Number of Portfolios in Fund Complex Overseen by Director: 4 Director, United Continental Holdings, Inc. (airline holding company); Ariel Investments, LLC; Wheels, Inc. (automobile fleet management) and Chairman, Urban Partnership Bank 2010-2019 Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran, and has authority, with certain exceptions, to exercise the powers of the Board between Board meetings. The audit committee of the Board is currently comprised of all independent directors of the Fund (Mr. Burke, Chairman) and makes recommendations regarding the selection of the Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing the Fund's accounting, auditing, financial reporting and internal control functions. Aggregate Compensation from Fund Complex Paid to Directors: $134,000. |
| 2022-01-19 | David J. Vitale Age: 75 Director and Chairman of the Board Term expires 2023; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005. Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran, and has authority, with certain exceptions, to exercise the powers of the Board between Board meetings. The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2021. David J. Vitale $ 106,047 $ 18,768 $ 4,877 $ 129,692 |
| 2023-01-13 | David J. Vitale Age: 76 Director and Chairman of the Board Nominee for a term expiring in 2025; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005 Chairman of the Board of DNP and DTF since 2009 and DPG since 2011; The executive committee of the Board is currently comprised of Mr. Vitale (Chairman), Mr. Burke, Ms. McNamara and Ms. Moran The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund's accounting, auditing, financial reporting and internal control functions. |
| 2024-01-24 | David J. Vitale Age: 77 Director and Chair of the Board Term expires 2025; Director of DNP since 2000, of DPG since 2011 and of DTF since 2005. Mr. Vitale was selected to serve on the Board because of his extensive experience as an executive in both the private and public sector, his experience serving as a director of other public companies and his knowledge of financial matters, capital markets, investment management and the utilities industry. The executive committee of the Board is currently comprised of Mr. Vitale (Chair), Mr. Burke, Ms. McNamara and Ms. Moran. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Vitale). The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2023. David J. Vitale Aggregate Compensation from DNP $ 118,438 Aggregate Compensation from DPG $ 17,954 Aggregate Compensation from DTF $ 3,608 Aggregate Compensation from Other Funds in Fund Complex $ 0 Total Compensation from Fund Complex Paid to Directors $ 140,000. |
| 2025-01-24 | David J. Vitale Mr. Vitale currently serves as Chair of the Board of the Funds; upon his retirement, Ms. Moran (who currently serves as Vice Chair) will assume the role of Chair of the Board of the Funds. The executive committee of the Board is currently comprised of Mr. Vitale (Chair), Mr. Burke, Ms. Cusack and Ms. Moran, and has authority, with certain exceptions, to exercise the powers of the Board between Board meetings. |
| Filing Date | Source Excerpt |
|---|---|
| 2017-04-21 | David J. Vitale (1) Chair of the Urban Partnership Bank (2010-present); Chairman of Duff & Phelps Global Utility Income Fund (2011-present), DNP Select Income Fund, Inc. (2009-present), DTF Tax-Free Income Inc. (2015-present) and Duff & Phelps Utility and Corporate Bond Trust (investment companies) (2015-present); President, Chicago Board of Education (education) (2011-2015); Senior Advisor to the Chief Executive Officer of the Chicago Public Schools (education) (2007-2008); Chief Administrative Officer of the Chicago Public Schools (2003-2007). (2) DirectorDuff & Phelps Global Utility Income Fund (2011-present); DTF Tax-Free Income Inc. (2005-present); Duff & Phelps Utility and Corporate Bond Trust (2005-present); DNP Select Income Fund, Inc. (2000-present); Alion Science & Technology Corporation (2009-2014). (3) Mr. Vitale provides valuable financial and management expertise to the Board through many years of experience in significant business roles. Mr. Vitale served as President of the Chicago Board of Education, with responsibility for the governance, organizational and financial oversight of the Chicago Public Schools. Mr. Vitale has acted both as Chief Administrative Officer of the Chicago Public Schools and Senior Advisor to the Chief Executive Officer of the Chicago Public Schools, where he provided oversight for all educational departments, including finance, operations, human resources, technology and procurement. He brings to the Board expertise on the audit committee function, having served on the Audit Committee of Alion Science & Technology Corporation. He brings additional leadership experience to the Board by serving as Chairman of Duff & Phelps Global Utility Income Fund, DNP Select Income Fund, Inc., DTF Tax-Free Income Inc. and Duff & Phelps Utility and Corporate Bond Trust. Through his extensive professional roles, Mr. Vitale gained experience in a number of industries, including education, banking, financial services and investment management. |
| 2018-04-23 | Chairman of the Urban Partnership Bank (2010-present)... |
| 2019-04-11 | David J. Vitale Independent Age: 72 Director Since: 2006 Committees: Audit (Chair), Executive and Finance Select Business Experience: Chairman of the Urban Partnership Bank (2010-January 2019) Chairman of Duff & Phelps Global Utility Income Fund (2011-present), DNP Select Income Fund, Inc. (2009-present), DTF Tax-Free Income Inc. (2015-present) and Duff & Phelps Utility and Corporate Bond Trust (2015-present) (investment companies) President, Chicago Board of Education (education) (2011-2015) Senior Advisor to the Chief Executive Officer of the Chicago Public Schools (education) (2007-2008) Chief Administrative Officer of the Chicago Public Schools (2003-2007) Current Registered Investment Company Directorships: Duff & Phelps Global Utility Income Fund (2011-present) DTF Tax-Free Income Inc. (2005-present) Duff & Phelps Utility and Corporate Bond Trust (2005-present) DNP Select Income Fund, Inc. (2000-present) Past Public Company Directorships: Alion Science & Technology Corporation (2009-2014) Other Experience and Qualifications: Mr. Vitale provides valuable financial and management expertise to the Board through many years of experience in significant business roles. Mr. Vitale previously served as the Chairman of the Urban Partnership Bank and as President of the Chicago Board of Education, where he was responsible for governance, organizational and financial oversight of the Chicago Public Schools. Mr. Vitale has acted both as Chief Administrative Officer of the Chicago Public Schools and Senior Advisor to the Chief Executive Officer of the Chicago Public Schools, where he provided oversight for all educational departments, including finance, operations, human resources, technology and procurement. He brings to the Board expertise on the audit committee function, having served on the Audit Committee of Alion Science & Technology Corporation. He brings additional leadership experience to the Board by serving as Chairman of Duff & Phelps Global Utility Income Fund, DNP Select Income Fund, Inc., DTF Tax-Free Income Inc. and Duff & Phelps Utility and Corporate Bond Trust. Through his extensive professional roles, Mr. Vitale gained experience in a number of industries, including education, banking, financial services and investment management. |
| 2020-04-09 | David J. Vitale Independent Age: 73 Director Since: 2006 Committees: Audit (Chair), Executive and Finance Select Business Experience: Chairman of the Urban Partnership Bank (2010-2019) Chairman of Duff & Phelps Global Utility Income Fund (2011-present), DNP Select Income Fund, Inc. (2009-present), DTF Tax-Free Income Inc. (2015-present) and Duff & Phelps Utility and Corporate Bond Trust (2015-present) (investment companies) President, Chicago Board of Education (education) (2011-2015) Senior Advisor to the Chief Executive Officer of the Chicago Public Schools (education) (2007-2008) Chief Administrative Officer of the Chicago Public Schools (2003-2007) Current Registered Investment Company Directorships: Duff & Phelps Global Utility Income Fund (2011-present) DTF Tax-Free Income Inc. (2005-present) Duff & Phelps Utility and Corporate Bond Trust (2005-present) DNP Select Income Fund, Inc. (2000-present) Past Public Company Directorships: Alion Science & Technology Corporation (2009-2014) Other Experience and Qualifications: Mr. Vitale provides valuable financial and management expertise to the Board through many years of experience in significant business roles. Mr. Vitale previously served as the Chairman of the Urban Partnership Bank and as President of the Chicago Board of Education, where he was responsible for governance, organizational and financial oversight of the Chicago Public Schools. Mr. Vitale has acted both as Chief Administrative Officer of the Chicago Public Schools and Senior Advisor to the Chief Executive Officer of the Chicago Public Schools, where he provided oversight for all educational departments, including finance, operations, human resources, technology and procurement. He brings to the Board expertise on the audit committee function, having served on the Audit Committee of Alion Science & Technology Corporation. He brings additional leadership experience to the Board by serving as Chairman of Duff & Phelps Global Utility Income Fund, DNP Select Income Fund, Inc., DTF Tax-Free Income Inc. and Duff & Phelps Utility and Corporate Bond Trust. Through his extensive professional roles, Mr. Vitale gained experience in a number of industries, including education, banking, financial services and investment management. |
| 2021-04-15 | David J. Vitale Independent Age: 74 Director Since: 2006 Committees: Audit, Compensation and Finance 2020 Director Compensation David J. Vitale Fees Earned or Paid in Cash: $72,500 Stock Awards: $170,172 All Other Compensation: $14,415 Total: $257,087 |
Data sourced from SEC filings. Last updated: 2025-12-06