Karen Regan
About Karen Regan
Karen Regan serves as Senior Vice President and Secretary of Credit Suisse Asset Management Income Fund, Inc. (CIK), a role she has held since 2010; she is listed with year of birth 1963 and has been associated with Credit Suisse/UBS Asset Management (Americas) since December 2004, becoming a Director of UBS AM (Americas) in May 2024 . Officers of the Fund, including Regan, are employed and compensated by UBS AM (Americas) (formerly Credit Suisse for prior years) and receive no compensation from the Fund; the Fund has no compensation committee and no bonus, profit-sharing, pension or retirement plans . The Fund’s proxies do not disclose education or individual pay/performance metrics for officers; performance data such as TSR or revenue/EBITDA growth are not presented as officer-linked metrics in the proxy .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| UBS Asset Management (Americas) LLC | Director | May 2024–present | Not disclosed in proxy |
| Credit Suisse | Vice President | Jan 2008–May 2024 | Not disclosed in proxy |
| Credit Suisse Asset Management Income Fund, Inc. (CIK) | Senior Vice President and Secretary | Since 2010–present | Not disclosed in proxy |
| Credit Suisse/UBS AM Fund Complex | Officer of other Credit Suisse Funds | Since 2004–present | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No external directorships or roles disclosed for Regan in the Fund’s proxy . |
Fixed Compensation
The Fund does not disclose officer cash compensation; officers are employees of and compensated by the external adviser (UBS AM (Americas); Credit Suisse in prior years). No compensation is paid by the Fund, and there is no Compensation Committee.
| Item | Disclosure |
|---|---|
| Base salary | Not disclosed (paid by UBS AM (Americas); no amounts provided by the Fund) |
| Target bonus % | Not disclosed |
| Actual bonus | Not disclosed |
| Pension/SERP | Fund has no pension or retirement plans |
| Compensation Committee | The Fund does not have a Compensation Committee |
Performance Compensation
No equity or cash incentive program details for officers are disclosed by the Fund. The proxy contains no officer-level performance metrics, weightings, targets, or vesting schedules.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| — | — | — | — | — | Not disclosed (officers compensated by UBS AM (Americas)) |
Equity Ownership & Alignment
| Metric | Value | As-of |
|---|---|---|
| Individual beneficial ownership (Regan) | Not individually disclosed in proxy | |
| Aggregate directors and officers’ ownership of Fund shares | Less than 1% of outstanding equity securities | Feb 28, 2025 |
| Stock ownership guidelines (officers) | Not disclosed in proxy | |
| Pledging/hedging policy (officers) | Not disclosed in proxy |
Notes:
- The proxy includes a “dollar range” ownership table for Directors and nominees (not officers), and states aggregate directors and officers ownership is <1% . No officer-by-officer holdings breakdown is provided .
Employment Terms
| Provision | Disclosure |
|---|---|
| Term of office | Officers’ current terms end at the Board meeting following the annual meeting; officers serve until successors are duly elected and qualified . |
| Employment/Severance/Change-of-control | Not disclosed for officers; officers are employees of UBS AM (Americas) (formerly Credit Suisse), not the Fund . |
| Non-compete/Non-solicit | Not disclosed in proxy . |
| Clawback/Ownership compliance | Not disclosed in proxy . |
Additional context:
- The proxy appoints Omar Tariq and Karen Regan as proxyholders for shareholder voting, evidencing Regan’s corporate secretary function .
Investment Implications
- Compensation alignment: Because officer pay is set and paid by UBS AM (Americas) and not disclosed at the Fund level, there is no visibility into Regan’s cash/equity mix, performance metrics, or vesting schedules; the Fund explicitly has no compensation committee and no officer pay funded by the Fund, limiting pay-for-performance assessment at the Fund level .
- Ownership/skin-in-the-game: Individual officer ownership (including Regan) is not disclosed; aggregate directors and officers own <1% of shares outstanding, which does not suggest strong officer alignment via equity at the Fund level .
- Retention risk: Long tenure since 2004 and continuity through the 2024 transition to UBS AM (Americas) (Regan became a Director of UBS AM (Americas) in May 2024) indicate organizational continuity; there are no 8‑K disclosures of appointment/departure for Regan in the period searched, suggesting low near-term transition risk based on available filings .
- Trading/insider signals: The proxy provides no officer-by-officer ownership or trading activity; without Form 4 data for Regan, there is insufficient evidence to assess insider selling pressure or upcoming vesting overhangs. Monitoring Section 16 filings would be required for trading signal analysis; the proxy notes Section 16 compliance was timely for FY 2024 .
- Governance: Regan’s role as Secretary and long-serving officer supports governance and continuity rather than being a direct driver of investment performance; no pay practices (e.g., option repricing, pledging, golden parachutes) are disclosed at the Fund level for officers, reducing identifiable governance red flags within Fund filings .
Citations:
- Officer biography, roles, tenure, year of birth:
- No Fund-paid officer compensation; no Compensation Committee; no bonus/pension plans:
- Aggregate ownership <1%; director dollar-range table context:
- Officer term of office language:
- Proxyholder appointment including Regan: