Hoyt Peters
About Hoyt Peters
- Secretary and Assistant Treasurer of Cornerstone Total Return Fund, Inc. (CRF); birth date September 1963; terms of office since 2019 (Secretary) and 2013 (Assistant Treasurer) .
- Also serves as Vice President of Cornerstone Advisors, LLC (the Fund’s investment adviser) and as Secretary and Assistant Treasurer of Cornerstone Strategic Investment Fund, Inc. (sister fund) .
- Education not disclosed in CRF proxy statements reviewed .
- The proxy statements do not provide individual officer performance metrics (e.g., TSR, revenue or EBITDA growth) for Peters; these filings focus on director elections and fund governance .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Cornerstone Advisors, LLC | Vice President | Jun 25, 2019 – present | Not disclosed |
| Cornerstone Advisors Asset Management LLC | Vice President | May 1, 2019 – Jun 24, 2019 | Not disclosed |
| Cornerstone Advisors, Inc. | Vice President | Jan 2019 – Apr 2019 | Not disclosed |
| Cornerstone Advisors, Inc. | Associate | Jun 2018 – Dec 2018 | Not disclosed |
| AST Fund Solutions, LLC | Vice President | 2013 – 2018 | Not disclosed |
| The Asia Pacific Fund, Inc. | Secretary | 2016 – 2018 | Not disclosed |
External Roles
| Organization | Role | Years |
|---|---|---|
| Cornerstone Strategic Investment Fund, Inc. | Secretary; Assistant Treasurer | Current officer roles per latest proxies |
| Cornerstone Advisors, LLC (Investment Adviser) | Vice President | Jun 25, 2019 – present |
Fixed Compensation
- Officer compensation (salary/bonus) for CRF officers, including Hoyt Peters, is not disclosed in the proxy statements reviewed; the compensation tables provided cover directors only, and note the Fund has no bonus, profit sharing, pension or retirement plans (context: director compensation section) .
Performance Compensation
- No disclosures identified for Peters regarding annual/long-term incentive plans, performance metrics, RSUs/PSUs, options, or vesting schedules in CRF proxy statements reviewed .
Equity Ownership & Alignment
| Item | Latest Disclosure | Source |
|---|---|---|
| Individual beneficial ownership (Peters) | Not separately disclosed in proxies | |
| All directors and executive officers (as a group) | Less than 1% of outstanding shares (as of Feb 14, 2025 proxy) | |
| 5% beneficial owners | None as of Dec 31, 2024; none as of Dec 31, 2023 | |
| Shares pledged as collateral | No pledging details disclosed for officers in proxies reviewed | |
| Section 16(a) filings | Fund believes directors and officers complied with filing requirements for 2024 and 2023; 2022 exceptions noted for other individuals (not Peters) |
Employment Terms
| Item | Disclosure |
|---|---|
| Secretary of CRF | Since 2019 |
| Assistant Treasurer of CRF | Since 2013 |
| Employment contract term/expiration | Not disclosed in proxies reviewed |
| Severance / Change-of-control terms | Not disclosed in proxies reviewed |
| Clawback / Tax gross-ups | Not disclosed in proxies reviewed |
| Non-compete / Non-solicit / Garden leave | Not disclosed in proxies reviewed |
| Post-termination consulting | Not disclosed in proxies reviewed |
Investment Implications
- Pay-for-performance and selling pressure: With no officer compensation or award-vesting disclosures for Peters in CRF proxies, there is no evidence of near-term vesting events or incentive metrics that could drive behavior; monitoring future filings (e.g., Form 4s) is necessary for trading signals .
- Alignment: Group-level ownership is under 1% of outstanding shares, and no >5% beneficial owners were reported in 2024/2023—individual ownership for Peters is not broken out; direct alignment via stock ownership appears limited at the officer group level based on available data .
- Retention/continuity: Peters’ long service as Assistant Treasurer (since 2013) and Secretary (since 2019) suggests organizational continuity in fund administration roles; no employment or severance terms are disclosed to assess retention incentives .
- Governance/filings hygiene: The Fund reported Section 16(a) compliance for 2024 and 2023; 2022 exceptions did not name Peters, reducing regulatory red-flag risk for him based on filings reviewed .