| 2005-03-22 |
William R. Hutchinson+ Director Since 1998 President, WR Hutchinson & Associates, Inc. (oil industry consulting); formerly Group Vice President, Mergers & Acquisitions BP Amoco p.l.c. Year of Birth: 1942 |
| 2006-03-14 |
William R. Hutchinson+ Director Since 1998 President, WR Hutchinson & Associates, Inc. (oil industry consulting); formerly Group Vice President Mergers & Acquisitions BP Amoco p.l.c.
...
The Fund's Audit Committee is composed of all Directors who are not "interested persons" of the Fund, SBFM or their affiliates within the meaning of the 1940 Act, and who are "independent" as defined in the NYSE listing standards, namely Messrs. Crane, Cucchi, Frankel, Hardin, Hutchinson and Pavia.
...
The Nominating Committee, the principal function of which is to select and nominate candidates for election or appointment by the Board as Directors of the Fund, is currently composed of Messrs. Crane, Cucchi, Frankel, Hardin, Hutchinson and Pavia.
...
William R. Hutchinson Aggregate Compensation from Fund for the fiscal year ended 10/31/05: $9,225. |
| 2008-02-07 |
William R. Hutchinsonc/o Chairman of the Fund620 Eighth Avenue 6th FloorNew York, NY 10018Year of Birth: 1942
Director and Member of Audit and Nominating Committees
Since1998
President, WR Hutchinson & Associates, Inc. (oil industry consulting); formerly Group Vice President Mergers & Acquisitions BP Amoco p.l.c.
22
Director of Associated Banc-Corp.
...
The following table shows the compensation paid by the Fund to each person who was a Director during the Fund's last fiscal year:
Name of Person
Aggregate Compensation from Fund for the fiscal year ended 10/31/07
Total Compensation from Fund and Fund Complex for the year ended 12/31/06
Total Number of Funds for Which Director Serves within Fund Complex
William R. Hutchinson
$
7,562
$
402,550
22
...
The Fund has a separately designated standing Audit Committee. The Fund's Audit Committee is composed of all Directors who are not "interested persons" of the Fund, LMPFA, Western Asset or their affiliates within the meaning of the 1940 Act, and who are "independent" as defined in the NYSE listing standards applicable to closed-end funds, namely Ms. Colman and Messrs. Crane, Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse. |
| 2009-01-16 |
William R. Hutchinsonc/o Chairman of the FundLegg Mason620 Eighth AvenueNew York, NY 10018Birth Year: 1942 Director and Member of Audit and Nominating Committees Since 1998 President, WR Hutchinson & Associates, Inc. (oil industry consulting); formerly Group Vice President Mergers & Acquisitions, BP Amoco p.l.c. Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/08: $5,573 |
| 2010-01-28 |
William R. Hutchinson c/o Chairman of the FundLegg Mason & Co.620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1942
Director and Member of Audit and Nominating Committees
Since 1995
President, W.R. Hutchinson & Associates Inc. (consulting)
Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/09: $7,287
Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/08: $239,000 |
| 2011-01-31 |
William R. Hutchinson c/o Chairman of the FundLegg Mason & Co., LLC("Legg Mason & Co.")620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1942
Director and Member of Audit and Nominating Committees
Since 1995
President, W.R. Hutchinson & Associates Inc. (consulting)
24
Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994)
Under the federal securities laws, and in connection with the Meeting, the Fund is required to provide to stockholders in connection with the Meeting information regarding compensation paid to the Directors by the Fund, as well as by the various other investment companies advised by LMPFA. The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2010 and the total compensation paid to each Director during the calendar year ended December 31, 2009. The Directors listed below are members of the Fund's Audit and Nominating Committees, as well as committees of the boards of certain other investment companies advised by LMPFA. Accordingly, the amounts provided in the table include compensation for service on all such committees. The Fund does not provide any pension or retirement benefits to Directors. In addition, no remuneration was paid during the fiscal year ended October 31, 2010 by the Fund to Mr. Gerken who is an "interested person" as defined in the 1940 Act.
Name of Directors
Aggregate Compensation from the Fund for Fiscal Period Ended 10/31/10
Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/09
Directorships
William R. Hutchinson
$6,200
$224,000
24
The Fund's Audit Committee is composed entirely of all of the Independent Directors: Ms. Colman and Messrs. Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse. Mr. Hutchinson serves as the Chair of the Audit Committee and has been determined by the Board to be an "audit committee financial expert." |
| 2012-01-27 |
William R. Hutchinson c/o Chairman of the FundLegg Mason & Co.,620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1942
Director and Member of Audit and Nominating Committees
Since 1995
President, W.R. Hutchinson & Associates Inc. (consulting)
25
Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994)
...The Fund's Audit Committee is composed entirely of all of the Independent Directors: Ms. Colman and Messrs. Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse. ... The Fund's Nominating Committee, the principal function of which is to select and nominate candidates for election as Directors of the Fund, is composed of all of the Independent Directors: Ms. Colman and Messrs. Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse... The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2011 and the total compensation paid to each Director during the calendar year ended December 31, 2010... William R. Hutchinson $4,664 $243,500 |
| 2014-01-27 |
William R. Hutchinson c/o Chairman of the Fund Legg Mason & Co., LLC ("Legg Mason & Co.") 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1942 Director and Member of Audit and Nominating Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 31 Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994) ... The Fund does not provide any pension or retirement benefits to Directors. In addition, no remuneration was paid during the fiscal year ended October 31, 2013 by the Fund to Mr. Fuller who is an "interested person" as defined in the 1940 Act. ... The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2013 and the total compensation paid to each Director during the calendar year ended December 31, 2013. ... William R. Hutchinson $3,579 $243,297 |
| 2015-02-03 |
William R. Hutchinson c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1942 Director and Member of Audit and Nominating Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/14: $3,703 Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/14: $279,916 |
| 2016-01-29 |
William R. Hutchinson c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1942 Director and Member of Audit and Nominating Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 31 Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994) |
| 2017-01-27 |
William R. Hutchinson c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1942 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 27 Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994) |
| 2018-01-23 |
William R. Hutchinson c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1942 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 25 Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994) |
| 2019-01-15 |
William R. Hutchinson Birth year: 1942 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 23 Director (Non-Executive Chairman of the Board (since December 1, 2009)), Associated Banc-Corp. (since 1994) |
| 2020-02-10 |
William R. Hutchinson Birth year: 1942 Lead Independent Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 1995 ... Aggregate Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/19($): 349,000 |
| 2021-03-01 |
William R. Hutchinson Birth year: 1942 Lead Independent Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) 21 Director (since 1994) and formerly, Non-Executive Chairman of the Board (December 2009 to April 2020), Associated Banc Corp. (banking) |
| 2022-03-01 |
William R. Hutchinson Birth year: 1942 Lead Independent Director and Member of Audit, Nominating, Compensation and Pricing and Valuation Committees Since 1995 President, W.R. Hutchinson & Associates Inc. (consulting) Aggregate Compensation: $341,000 |