John M. McCann
About John M. McCann
John M. McCann (born 1975) serves as Vice President and Assistant Secretary of the Nuveen S&P 500 Buy-Write Income Fund (BXMX) and is a Senior Managing Director and Division General Counsel at Nuveen. He has served as an officer of the Funds since 2022 and concurrently holds legal leadership and secretary roles across multiple Nuveen/TIAA-affiliated entities (Nuveen Fund Advisors, Nuveen Asset Management, TIAA SMA Strategies, CREF, TIAA Separate Account VA‑1, TIAA‑CREF Funds and Life Funds, Teachers Insurance and Annuity Association of America, Teacher Advisors LLC, TIAA‑CREF Investment Management, and Nuveen Alternative Advisors). Officers receive no compensation from the Funds, and the proxy does not attribute Fund performance metrics (e.g., TSR, revenue, EBITDA) to officers; the Funds have no employees and officers are paid by the adviser (except for the CCO arrangement described below) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (parent) | Senior Managing Director, Division General Counsel | As of Mar 1, 2025 | Not disclosed |
| BXMX / Nuveen Funds | Vice President and Assistant Secretary (Fund officer) | Since 2022 (term: Indefinite; elected annually) | Fund officer; not compensated by the Fund |
| Nuveen Fund Advisors, LLC | Managing Director, General Counsel and Secretary | As of Mar 1, 2025 | Not disclosed |
| Nuveen Asset Management, LLC | Managing Director, Associate General Counsel and Assistant Secretary | As of Mar 1, 2025 | Not disclosed |
| TIAA SMA Strategies LLC | Managing Director and Assistant Secretary | As of Mar 1, 2025 | Not disclosed |
| CREF; TIAA Separate Account VA‑1; TIAA‑CREF Funds; TIAA‑CREF Life Funds; Teachers Insurance and Annuity Association of America; Teacher Advisors LLC; TIAA‑CREF Investment Management, LLC; Nuveen Alternative Advisors LLC | Managing Director / Associate General Counsel / Assistant Secretary (various) | As of Mar 1, 2025 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen Fund Advisors, LLC (adviser to the Fund) | Managing Director, General Counsel and Secretary | As of Mar 1, 2025 | Affiliate role; legal leadership for adviser |
| Teachers Insurance and Annuity Association of America (TIAA) and affiliates | Multiple legal/secretary roles across TIAA ecosystem | As of Mar 1, 2025 | Affiliate roles supporting fund complex governance |
Fixed Compensation
| Component | Amount/Status | Notes |
|---|---|---|
| Fund-paid base salary | $0 | “Officers receive no compensation from the Funds.” The Funds have no employees . |
| Fund-paid annual/meeting fees | $0 | Officer compensation not paid by Funds . |
| Adviser-paid compensation | Not disclosed for McCann | The CCO’s comp is paid by the Adviser (base + incentive) with the Funds reimbursing an allocable portion of the CCO’s incentive compensation; no such arrangement is disclosed for other officers . |
| Perquisites/retirement plans (Fund-paid) | None disclosed | No officer perquisites or Fund-paid retirement/pension plans disclosed; Funds have no employees . |
Performance Compensation
| Incentive Type | Metric(s) | Target | Actual/Payout | Vesting | Notes |
|---|---|---|---|---|---|
| Bonus (Fund-paid) | N/A | N/A | N/A | N/A | Officers receive no compensation from the Funds . |
| Equity awards (Fund) | N/A | N/A | N/A | N/A | No RSU/PSU/option awards to officers disclosed by the Fund . |
| Adviser-paid incentives | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Only the CCO’s incentive compensation structure is described at a high level; no officer-level detail for McCann . |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership in BXMX (McCann) | Not disclosed in the proxy (only Board Members are itemized individually; officers are aggregated) . |
| Officers + Board Members as a group | Beneficially owned less than 1% of the outstanding shares of each Fund as of Feb 18, 2025 . |
| Dollar range disclosures | Appendix A presents dollar ranges for Board Members; officer-by-officer ranges are not provided . |
| Pledging/hedging by officers | No officer pledging/hedging disclosure found in the proxy . |
| Ownership guidelines | Governance principle expects Board Members (not officers) to invest at least the equivalent of one year of compensation in funds within the complex; no officer ownership guideline disclosed . |
Employment Terms
| Term | Disclosure |
|---|---|
| Position and term | Vice President and Assistant Secretary; term: Indefinite; length of service since 2022; officers elected annually to serve until successors are elected and qualified . |
| Employer of record | Funds have no employees; officers serve without compensation from the Funds and are personnel of the Adviser/affiliates . |
| Severance / change-of-control | Not disclosed in the Fund’s proxy for officers (no CoC or severance economics provided) . |
| Non-compete / non-solicit / garden leave | Not disclosed . |
| Clawback / tax gross-ups | Not disclosed . |
| Section 16 compliance | Funds state Board Members and officers complied with applicable Section 16(a) filing requirements during the last fiscal year . |
| Proxy responsibilities | Designated as a proxy holder for the Annual Meeting (with Kevin J. McCarthy and Mark L. Winget) on Apr 17, 2025 . |
Additional Context Relevant to Trading Signals
- Officers receive no Fund-paid equity or option awards; therefore, no vesting-driven selling pressure is expected at the Fund level. Any compensation that could drive selling activity would relate to adviser-level arrangements, which are not disclosed here .
- Beneficial ownership by Board Members and officers as a group is below 1% of outstanding shares for each Fund, limiting direct ownership-alignment signals at the Fund entity level .
Investment Implications
- Alignment and incentives: Because officers, including McCann, receive no compensation from the Funds and the Funds have no employees, incentive alignment is primarily determined at the adviser (Nuveen/TIAA) level and not visible to Fund shareholders; no Fund-level equity or option awards implies limited direct, quantifiable alignment at BXMX itself .
- Insider selling/vesting pressure: Absence of Fund-level RSUs/options suggests no vesting-related selling pressure at the Fund entity level; insider ownership at the group level is below 1% of shares outstanding, limiting ownership-alignment signals for BXMX .
- Retention risk disclosure: Employment terms, severance/change-of-control protections, and bonus/equity mechanics for McCann are not disclosed at the Fund level; retention risk and incentive levers reside at the adviser and are not transparent to Fund investors via this proxy .
- Governance and role breadth: McCann’s multi-entity legal leadership and secretary roles across Nuveen/TIAA affiliates indicate broad governance responsibility within the complex; at BXMX, his office is elected annually with an indefinite term and serves until successors are elected and qualified .