THOMAS L. BENNETT - Corporate Board Profile

abrdn National Municipal Income Fund

Filing Date	Source Excerpt
2005-07-19	THOMAS L. BENNETT Director 1 Year Private Investor - 86 None 2005 Market Street (March 2004 - Present) Philadelphia, PA 19103 Investment Manager - Morgan Stanley & Co. (January 1984 - March 2004)
2006-07-11	THOMAS L. BENNETT Director 1 Year Private Investor - (March 2004 - 85 None 2005 Market Street Present) Investment Manager - Morgan Philadelphia, PA 19103 Stanley & Co. (January 1984 - March 2004)
2007-07-03	Thomas L. Bennett Director Since March 23, Private 83 None 2005 Market Street 2005 Investor - Philadelphia, PA 19103 (March 2004 - Present) Director - Bryn Mawr Bank Corp (BMTC) (April 2007 - Present) Investment Manager - Morgan Stanley & Co. (January 1984 - March 2004).
2008-07-07	Thomas L. Bennett Director Since March 2005 Private Investor Age 60 Chairman of Investment Committee Member of Audit Committee Total Compensation from Fund Complex: $177,750 Compensation from the Investment Companies in the Fund: $4,314
2009-07-01	Thomas L. Bennett, Director since March 2005, Private Investor, Chairman of Investment Committee, Member of Audit Committee. Age 61. Total compensation from Fund Complex $195,000.
2010-07-01	The Audit Committee of each Fund consists of the following independent Directors appointed by the Board: Thomas F. Madison, Chairperson; Thomas L. Bennett; John A. Fry; Janet L. Yeomans, and J. Richard Zecher. The Investments Committee consists of the following five independent Directors: Thomas L. Bennett, Chairman; Anthony D. Knerr, Lucinda S. Landreth, Janet L. Yeomans; and Ann R. Leven (ex officio). The following table sets forth the compensation received by each independent Director from each Fund and the total compensation received from the Fund Complex as a whole during the twelve months ended April 30, 2010. Thomas L. Bennett: $4,498 from the Fund.
2011-07-01	Thomas L. Bennett, Director since March 2005. Chairman of Investments Committee; Member of Nominating and Corporate Governance Committee. Total compensation from the Fund: $3,933; Total compensation from the Fund Complex: $212,083.
2012-07-02	Thomas L. Bennett Director since March 2005. Chairman of Audit Committee. Member of Nominating and Corporate Governance Committee. Age 73. Compensation $3,772 from the Funds.
2013-07-03	Thomas L. Bennett Director Since March 2005 ... Age 70 ... Audit Committee Member ... Total Compensation from the Funds: $3,435.
2014-07-01	Thomas L. Bennett 2005 Market StreetPhiladelphia,PA 19103 October 1947 Director Since March2005 Private Investor (March 2004Present) 70 Director BrynMawr Bank Corp.(BMTC)(20072011) ... Currently the Coordinating Director, Mr. Bennett has over 30 years of experience in the investment management industry, particularly with fixed income portfolio management and credit analysis. He has served in senior management for a number of money management firms. Mr. Bennett has also served as a board member of another investment company, an educational institution, nonprofit organizations and for-profit companies. He has an M.B.A. from the University of Cincinnati and is a Chartered Financial Analyst. Mr. Bennett has served on the Board since March 2005. ... The Nominating Committee is comprised of the following four Independent Directors appointed by the Board: John A. Fry, Chairperson; Thomas L. Bennett, Coordinating Director (ex officio); Thomas K. Whitford; and Janet L. Yeomans, all of whom meet the independence requirements set forth in the listing standards of the NYSE and NYSE MKT. ... The following table sets forth the compensation received by each Independent Director from each Fund and the total compensation received from the Fund Complex as a whole during the twelve months ended April 30, 2014. Thomas L. Bennett $3,636 $252,000 ... Thomas L. Bennett is the current Coordinating Director for the Funds and receives an additional annual retainer totaling $40,000 with respect to all 26 investment companies within the Fund Complex.
2015-07-01	As of March 1, 2015, Mr. Bennett serves as the Chairman of the Board. The Board Chairman receives an additional annual retainer of $40,000. Total compensation received from the Fund Complex as a whole during the twelve months ended April 30, 2015 was $286,333.34.
2016-06-29	Thomas L. Bennett, Chairman and Director, Director since March 2005, Chairman since March 2015, Private Investor (March 2004–Present), Total Compensation $327,583.
2017-06-30	Thomas L. Bennett is Chairman. He has served on the Board since March 2005. The Board Chairman will receive an additional annual retainer of $75,000. Each Independent Director receives an annual retainer fee of $170,000 plus meeting fees. Mr. Bennett's total compensation from the Fund Complex was $362,550.04.
2018-06-29	Thomas L. Bennett (Chair) $4,198.18 from the Funds, $368,533.36 from the Fund Complex; Chair since March 2015; Director since March 2005; Age 60; Chair of the Board.
2019-07-16	Thomas L. Bennett Chair and Director Director since March 2005 Chair since March 2015 Age 59 Board Chair Nominating and Corporate Governance Committee (ex officio) Total Compensation from Fund Complex: $412,833
2020-07-15	Mr. Bennett serves as the Board’s Chair. As fund governance best practices have evolved, more and more fund boards have opted to have an independent director serve as chair. Among other reasons, the Board selected Mr. Bennett as Chair due to his substantial financial industry experience and his tenure on the Board. As the Chair, Mr. Bennett, in consultation with Fund management, legal counsel, and the other Directors, proposes Board agenda topics, actively participates in developing Board meeting agendas, and ensures that appropriate and timely information is provided to the Board in connection with Board meetings. Mr. Bennett also conducts meetings of the Independent Directors. He also generally serves as a liaison among outside Directors, Fund officers, and legal counsel, and is an ex officio member of the Nominating and Corporate Governance Committee.
2022-08-10	Thomas L. Bennett, October 1947, Chair since March 2015, Trustee since March 2005, Private Investor, compensation $530,833 from Fund Complex.