Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2002-04-08 | President of Cornerstone Advisors, Inc.; Vice President, Deep Discount Advisors, Inc. (1993-1999). |
| 2003-03-03 | President and Director of Cornerstone Advisors, Inc., and of the Funds within the Fund Complex; Financial Consultant; Vice President, Deep Discount Advisors, Inc. (1993-1999). |
| 2005-04-11 | President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Total Return Fund, Inc.; Vice President, Deep Discount Advisors, Inc. |
| 2006-03-02 | President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Total Return Fund, Inc. |
| 2007-03-01 | President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Total Return Fund, Inc. |
| 2008-02-29 | President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director/Trustee of Cornerstone Total Return Fund, Inc. and Cornerstone Progressive Return Fund |
| 2008-08-29 | By: /s/ GARY A. BENTZ /S/ RALPH W. BRADSHAW --------------------- --------------------- Name: Gary A. Bentz Name: Ralph W. Bradshaw Title: Secretary Title: President |
| 2009-03-03 | Ralph W. Bradshaw Chairman 1998 President, Cornerstone Advisors Inc.; Financial Consultant; President and Director/Trustee of Cornerstone Total Return Fund, Inc. and Cornerstone Progressive Return Fund |
| 2010-06-09 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. He brings over 18 years of extensive investment management experience. |
| 2011-03-01 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund's independent auditor. |
| 2011-03-02 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund's independent auditor. |
| 2012-02-29 | Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 18 years of extensive investment management experience... Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. |
| 2013-02-28 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. He brings over 20 years of extensive investment management experience. |
| 2014-02-28 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. He brings over 20 years of extensive investment management experience and also formerly served as a Director of several other closed-end funds. Prior to founding the Adviser, he served in consulting and management capacities for registered investment advisory firms specializing in closed-end fund investments. |
| 2014-10-29 | Mr. Bradshaw, an owner of Cornerstone Advisors, Inc., is President and Chairman of the Board of Directors of the Fund. |
| 2015-08-27 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors. |
| 2016-02-24 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund’s independent auditor. |
| 2017-02-27 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund’s independent auditor. |
| 2018-02-27 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. |
| 2019-02-22 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors. |
| 2020-02-25 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund’s independent auditor. |
| 2021-02-24 | Mr. Bradshaw was a co-founder of Cornerstone Advisors, Inc. and served as its President since its inception in 2001 through April 30, 2019. Mr. Bradshaw has served as the President of the Investment Adviser since May 1, 2019. He brings over 25 years of extensive investment management experience and also formerly served as a director of several other closed-end funds. Prior to founding the Former Investment Adviser, he served in consulting and management capacities for registered investment advisory firms specializing in closed-end fund investments. His experiences include developing and implementing successful trading strategies with a variety of underlying portfolios containing domestic and international equity and fixed-income investments. Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. |
| 2022-02-25 | President of Cornerstone Advisors, LLC; extensive investment management experience; holds a B.S. in Chemical Engineering and an M.B.A. |
| 2023-02-24 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors. |
| 2024-02-27 | Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors. |
| 2025-02-27 | President of Cornerstone Advisors, LLC; holds a B.S. in Chemical Engineering and an MBA; experience in investment management. |
| Filing Date | Source Excerpt |
|---|---|
| 2002-03-25 | Ralph W. Bradshaw (51)** Chairman of 2001 President of Cornerstone Advisors, Inc.; President of The Cornerstone Strategic Return Fund, Inc., Cornerstone Strategic Value Fund, Inc. and Progressive Return Fund, Inc.; Vice President, Deep Discount Advisors, Inc. (1993-1999). |
| 2003-03-03 | Ralph W. Bradshaw Chairman 2001 President of Cornerstone Director of The SmallCap Fund, Inc. (52)** of the Advisors, Inc.; President and Director of the Funds One West Pack Square Board and within the Fund Complex; Suite 1650 President Financial Consultant; Vice Asheville, NC 28801 President, Deep Discount Advisors, Inc. (1993-1999). |
| 2004-04-29 | Ralph W. Bradshaw (53)** Chairman of the Board and President 2001 President, Cornerstone Advisors; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. and Progressive Return Fund, Inc.; Vice President, Deep Discount Advisors, Inc. (1993-1999). |
| 2005-04-11 | Ralph W. Bradshaw (54)** Chairman of 2001 President, Cornerstone Advisors, Previous Director of The the Board of Inc.; Financial Consultant; President Austria Fund, Inc. Directors and Director of Cornerstone Strategic Value Fund, Inc.; Vice President, |
| 2006-03-01 | Ralph W. Bradshaw Chairman 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc., Chairman of the Board and President of the Fund. |
| 2007-03-01 | Ralph W. Bradshaw Chairman 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. |
| 2008-02-29 | Ralph W. Bradshaw Chairman 2001 President, Cornerstone Advisors, 3 (Dec. 1950)** of the Board Inc.; Financial Consultant; President of Directors and Director/Trustee of Cornerstone and Strategic Value Fund, Inc. and President Cornerstone Progressive Return Fund ----------- * For compensation purposes, Fund Complex refers to the Fund, Cornerstone Strategic Value Fund, Inc., and Cornerstone Progressive Return Fund, all of which were managed by Cornerstone Advisors, Inc. during the year ended December 31, 2007. DIRECTOR TRANSACTIONS WITH FUND AFFILIATES. As of December 31, 2007, neither the Independent Directors nor members of their immediate family owned securities beneficially or of record in Cornerstone Advisers, Inc., or an affiliate of Cornerstone Advisors, Inc. Furthermore, over the past five years, neither the Independent Directors nor members of their immediate family have any direct or indirect interest, the value of which exceeds $120,000, in Cornerstone Advisors, Inc. or any of its affiliates. In addition, since the beginning of the last two fiscal years, neither the Independent Directors nor members of their immediate family have conducted any transactions (or series of transactions) or maintained any direct or indirect relationship in which the amount involved exceeds $120,000 and to which Cornerstone Advisors, Inc. or any affiliate thereof was a party. Each Director attended at least seventy-five (75%) percent or more of the five (5) meetings of the Board of Directors (including regularly scheduled and special meetings) held during the period for which he was a Director. THE AUDIT COMMITTEE During the calendar year ended December 31, 2007, the Audit Committee was composed of all directors who are not interested persons of the Fund, as such term is defined in Section 2(a)(19) of the Investment Company Act and Section 121A of the American Stock Exchange, LLC ("AMEX") rules. The members of the Audit Committee during this period were Messrs. Wilcox, Sr., Strauss, Meese, Lenagh and Rogers. The Board of Directors has adopted an Audit Committee Charter. The principal functions of the Audit Committee include but are not limited to, (i) the oversight of the accounting and financial reporting processes of the Fund and its internal control over financial reporting; (ii) the oversight of the quality and integrity of the Fund's financial statements and the independent audit thereof; and (iii) the approval, prior to the engagement of, the Fund's independent registered public accounting firm and, in connection therewith, to review and evaluate the qualifications, independence and performance of the Fund's independent registered public accounting firm. The Audit Committee convened four (4) times during the 2007 calendar year. The Audit Committee currently does not have an Audit Committee Financial Expert, as such term is defined in Section 407 of the Sarbanes-Oxley Act of 2002. Rather, the Audit Committee members believe that each of their individual experiences provide the Audit Committee with sufficient experience and expertise to allow them to perform their duties as members of the Audit Committee. THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE The Fund has a standing Nominating and Corporate Governance Committee (the "Committee"), which is comprised of Messrs. Wilcox, Sr., Lenagh, Meese, Rogers, and Strauss, all of whom are directors who are not interested persons of the Fund, as such term is defined in Section 2(a)(19) of the Investment Company Act and in Section 121A of the AMEX rules. The Committee has a written charter. The Committee is appointed to identify and select qualified candidates that have exhibited strong decision making ability, substantial business experience, relevant knowledge of the mutual fund industry (including closed-end funds), skills or technological expertise and exemplary personal integrity and reputation. In addition, the Committee seeks candidates that have experience and knowledge involving all of the service providers of a registered investment company. -5- The Committee will consider all nominees recommended by Stockholders of the Fund, so long as Stockholders send their recommendations in writing to the Secretary of the Fund in a manner consistent with the Fund's By-laws. The Committee will seek candidates for the Board that have exhibited strong decision-making ability, substantial business experience, relevant knowledge, skills or technological expertise, and exemplary personal integrity and reputation. Specifically, the Committee assesses all director nominees taking into account several factors, including, but not limited to, issues such as the current needs of the Board and the nominee's: (i) integrity, honesty, and accountability; (ii) successful leadership experience and strong business acumen; (iii) forward-looking, strategic focus; (iv) collegiality; (v) independence and absence of conflicts of interests; and (vi) ability to devote necessary time to meet director responsibilities. The Committee will ultimately recommend nominees that it believes will enhance the Board's ability to oversee, in an effective manner, the affairs and business of the Fund. The Committee will consider and evaluate Stockholder-recommended candidates by applying the same criteria used to evaluate director-recommended candidates. Currently, the By-laws provide that the deadline for submitting a Stockholder proposal for inclusion in the Fund's proxy statement and proxy for the Fund's 2009 annual meeting of Stockholders pursuant to Rule 14a-8 promulgated under the Securities Exchange Act of 1934, is October 31, 2008. Stockholders wishing to submit proposals or director nominations that are not to be included in such proxy statement and proxy must deliver notice to the Secretary at the principal executive offices of the Fund no later than the close of business on February 14, 2009 nor earlier than the close of business on January 15, 2009. Stockholders are also advised to review the Fund's By-laws, which contain additional requirements with respect to advance notice of stockholder proposals and director nominations. During the calendar year ended December 31, 2007, the Nominating Committee met and discussed the nomination of all directors for the 2007 Annual Meeting of Stockholders. In 2008, the Committee met and discussed the nomination of all of the Directors of the Fund for the 2008 Annual Meeting of Stockholders. Each Nominee was recommended by the non-interested Directors. REQUIRED VOTE Directors are elected by a plurality (a simple majority of the votes cast at the meeting) of the votes cast by the holders of shares of common stock of the Fund present in person or represented by proxy at a meeting with a quorum present. For purposes of the election of Directors, abstentions and broker non-votes will be counted as shares present for quorum purposes, may be considered votes cast, and may affect the plurality vote required for Directors. THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE "FOR" THE ELECTION OF MESSRS. RALPH W. BRADSHAW, THOMAS H. LENAGH, EDWIN MEESE III, SCOTT B. ROGERS, ANDREW A. STRAUSS, AND GLENN W. WILCOX, SR. AS DIRECTORS OF THE FUND. |
| 2008-08-29 | Mr. Bradshaw, an owner of Cornerstone Advisors, Inc., is President and Chairman of the Board of Directors of the Fund. |
| 2009-08-28 | Ralph W. Bradshaw Chairman 2001 President, Cornerstone Advisors, 3 (Dec. 1950)** of the Board Inc.; Financial Consultant; President of Directors and Director/Trustee of Cornerstone and Strategic Value Fund, Inc. and President Cornerstone Progressive Return Fund ... DIRECTOR AGGREGATE COMPENSATION TOTAL COMPENSATION FROM FUND AND NAME OF DIRECTOR SINCE FROM FUND FUND COMPLEX* PAID TO DIRECTOR -------------------------------------------------------------------------------------------------- Ralph W. Bradshaw 2001 0 0 ----------------- * For compensation purposes, Fund Complex refers to the Fund, Cornerstone Strategic Value Fund, Inc., and Cornerstone Progressive Return Fund, all of which were managed by Cornerstone Advisors, Inc. during the year ended December 31, 2008. |
| 2010-06-09 | Ralph W. Bradshaw. Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 18 years of extensive investment management experience and also formerly served as a Director of several other closed-end funds. Prior to founding the Adviser, he served in consulting and management capacities for registered investment advisory firms specializing in closed-end fund investments. His experiences included developing and implementing successful trading strategies with a variety of underlying portfolios containing domestic and international equity and fixed-income investments. In addition, he has been a financial consultant and has held managerial positions or operated small businesses in several industries. Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the Investment Adviser, other service providers, counsel and the Fund's independent auditor. Mr. Bradshaw commits a significant amount of time to the Fund as a Director, in addition to in his capacity as President of the Investment Adviser. The Board values his strong moral character and integrity. |
| 2011-03-02 | Ralph W. Bradshaw. Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 18 years of extensive investment management experience and also formerly served as a Director of several other closed-end funds. Prior to founding the Adviser, he served in consulting and management capacities for registered investment advisory firms specializing in closed-end fund investments. His experiences included developing and implementing successful trading strategies with a variety of underlying portfolios containing domestic and international equity and fixed-income investments. In addition, he has been a financial consultant and has held managerial positions or operated small businesses in several industries. Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and an ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund's independent auditor. Mr. Bradshaw commits a significant amount of time to the Fund as a Director, in addition to in his capacity as President of the Investment Adviser. The Board values his strong moral character and integrity. The Board consists of six individuals, one of whom is an Interested Director. The Chairman of the Board, Mr. Bradshaw, is the Interested Director and is the President of the Fund, the President of the Investment Adviser, and is the President and a director or trustee of Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund, respectively. The Board does not have a lead independent director. The following table provides information concerning the compensation paid during the year ended December 31, 2010, to each Director of the Fund in their capacities solely as a Director of the Fund. Ralph W. Bradshaw 0 0 |
| 2012-02-29 | Ralph W. Bradshaw Chairman of 2001 President, Cornerstone Advisors, 3 None (Dec. 1950)** the Board of Inc.; Financial Consultant; Directors and President and Director/Trustee of President Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund * Mr. Bradshaw is an "interested person" as defined in the Investment Company Act of 1940 because of his affiliation with Cornerstone Advisors, Inc. |
| 2013-02-28 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board and President 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director/Trustee of Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund |
| 2014-02-28 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President. Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 20 years of extensive investment management experience. Aggregate Compensation from Fund: 0. |
| 2014-10-29 | Mr. Bradshaw, an owner of Cornerstone Advisors, Inc., is President and Chairman of the Board of Directors of the Fund. |
| 2015-08-27 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. |
| 2016-02-24 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. Mr. Bradshaw is an “interested person” as defined in the Investment Company Act of 1940 because of his affiliation with Cornerstone Advisors, Inc. Aggregate Compensation From Fund: 0 Total Compensation From Fund and Fund Complex: 0 |
| 2017-02-27 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. Aggregate Compensation From Fund 0 Total Compensation From Fund and Fund Complex 0 |
| 2018-02-27 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President. Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 20 years of extensive investment management experience. Mr. Bradshaw commits a significant amount of time to the Fund as a Director and Officer, in addition to serving as President of the Investment Adviser. The Board values his strong moral character and integrity. Mr. Bradshaw is an “interested person” as defined in the Investment Company Act of 1940 because of his affiliation with Cornerstone Advisors, Inc. The Board of Directors of the Fund does not have a lead independent director. The Chairman of the Board, Mr. Bradshaw, is the Interested Director and is the President of the Fund, the President of the Investment Adviser, and is the President and a director of Cornerstone Strategic Value Fund, Inc. The Board does not have a lead independent director. Mr. Bradshaw received $0 in compensation from the Fund and Fund Complex in 2017. |
| 2019-02-22 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 President, Cornerstone Advisors, Inc.; Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. 2 None |
| 2020-02-25 | Ralph W. Bradshaw (Dec. 1950) Chairman of the Board of Directors and President 2001 President of Cornerstone Advisors, LLC; President of Cornerstone Advisors Asset Management LLC (May 1, 2019 - June 24, 2019); President of Cornerstone Advisors, Inc. (2001 – April 30, 2019); Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. Aggregate Compensation From Fund $0 Total Compensation From Fund and Fund Complex $0 |
| 2021-02-24 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 President of Cornerstone Advisors, LLC; President of Cornerstone Advisors Asset Management LLC (May 1, 2019 - June 24, 2019); President of Cornerstone Advisors, Inc. (2001 – April 30, 2019); Financial Consultant; President and Director of Cornerstone Strategic Value Fund, Inc. Aggregate Compensation From Fund $0 Total Compensation From Fund and Fund Complex $0 |
| 2022-02-25 | Ralph W. Bradshaw (Dec. 1950)** Chairman of the Board of Directors and President 2001 Aggregate Compensation From Fund $0 Total Compensation From Fund and Fund Complex $0 Mr. Daniel W. Bradshaw and Mr. Ralph W. Bradshaw each is an “interested person” as defined in the Investment Company Act of 1940 because of his affiliation with Cornerstone Advisors, LLC. |
| 2023-02-24 | Ralph W. Bradshaw (Dec. 1950) Chairman of the Board of Directors and President 2001 ... Aggregate Compensation From Fund and Fund Complex Paid to Director $0 |
| 2024-02-27 | Ralph W. Bradshaw (Dec. 1950) Chairman of the Board of Directors and President 2001 President of Cornerstone Advisors, LLC Aggregate Compensation From Fund $0 Total Compensation From Fund and Fund Complex $0 |
| 2025-02-27 | President of Cornerstone Advisors, LLC. |
Data sourced from SEC filings. Last updated: 2025-07-01