Jeremy DePalma
About Jeremy DePalma
Jeremy M. DePalma is the Treasurer of Allspring Income Opportunities Fund (EAD), serving since 2012 for certain funds in the complex and since 2021 for the remaining funds; his year of birth is 1974 and his principal role is senior finance and fund administration oversight as a Senior Vice President of Allspring Funds Management since 2009, with prior roles at Evergreen Investment Management (2008–2010) leading Fund Reporting and Control within Fund Administration . The Fund’s proxy materials do not disclose individual education or executive-specific TSR/revenue/EBITDA metrics; moreover, principal executive officers received no compensation from the Fund in FY ended April 30, 2025, indicating that officer pay is borne by the adviser rather than tied to fund-level financial outcomes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Allspring Funds Management, LLC | Senior Vice President | 2009–Present | Senior finance/administration leadership for fund complex; officer of EAD as Treasurer |
| Evergreen Investment Management Company, LLC | Senior Vice President | 2008–2010 | Led Fund Reporting & Control within Fund Administration (oversight of financial reporting and control processes) |
| Fund Administration (Fund Complex) | Head, Fund Reporting & Control Team | 2005–2010 | Responsible for reporting controls across funds; supports accuracy and integrity of fund financials |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Allspring Global Investments Holdings, LLC and affiliates | Officer roles across affiliated companies | Various (past five years+) | Officer positions with affiliated adviser entities supporting the Fund complex |
Fixed Compensation
Officers who also serve as officers or employees of Allspring Funds Management or its affiliates are compensated by those entities; EAD did not pay compensation or reimburse expenses to principal executive officers in FY ended April 30, 2025 .
| Metric | FY 2025 |
|---|---|
| Compensation paid by EAD to principal executive officers | $0 |
Performance Compensation
No fund-paid bonus, stock, option, RSU/PSU awards, or performance metric-linked pay is disclosed for Fund officers; compensation is borne by the adviser and not reported in EAD’s proxy statement .
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Not disclosed by EAD | — | — | — | — | — | — |
The proxy does not present adviser-level compensation structures or metrics for Mr. DePalma.
Equity Ownership & Alignment
- Officer ownership disclosure: The proxy presents dollar ranges of equity holdings for Trustees, not for officers; no officer ownership table is provided .
- Section 16 filings context: Recent Form 3 filings for other EAD officers (President, Chief Compliance Officer) indicate “No securities are beneficially owned,” suggesting minimal officer shareholdings at the Fund level; no Form 3 for Mr. DePalma was identified in the reviewed EAD filings .
- Pledging/hedging: No pledging, hedging, or ownership guidelines for officers are disclosed in EAD’s proxy; Trustee policies are addressed separately by the Board/committee charters .
Employment Terms
- Officer status and removal: Officers serve at the pleasure of the Trustees and may be removed with or without cause; resignation is effective upon written notice. Absent a separate written agreement, removed/resigned officers have no right to compensation for periods after removal/resignation .
- Vacancies and appointments: Vacancies are filled per by-laws; the President may make temporary appointments pending Trustee action .
- Treasurer responsibilities: The Treasurer is the chief financial and accounting officer, responsible for books/records, deposits/disbursements, and reporting financial condition; Trustees may authorize delegation to service providers (adviser/administrator/transfer agent) to maintain accounts and disburse funds .
- Officer slate and governance: Officers include President, Secretary, Treasurer, and CCO; officers are chosen by Trustees and serve at their pleasure; CCO appointment follows Rule 38a-1 requirements .
| Term | Key Provision |
|---|---|
| Removal/resignation | With/without cause; no post-removal compensation unless a written agreement exists |
| Vacancy fill | President can make temporary appointments; Trustees fill vacancies per by-laws |
| Treasurer role | CFO/CAO responsibilities; delegation to service providers permitted |
| Officer election | Elected by Trustees; CCO per Rule 38a-1 |
Investment Implications
- Pay-for-performance alignment: Because EAD does not compensate its principal executive officers (adviser bears compensation), fund-level TSR/revenue/EBITDA outcomes do not directly drive officer pay at the Fund, reducing direct alignment between EAD share performance and Mr. DePalma’s compensation .
- Insider selling pressure: The absence of disclosed fund-level equity awards and the context of other officer Form 3 filings showing no beneficial ownership suggest limited structural insider-selling pressure from Fund-awarded equity; no officer equity grants or vesting schedules are disclosed by EAD .
- Retention risk economics: Officers serve at the pleasure of the Trustees with no severance rights absent a separate agreement; this structure lowers termination cost but means retention incentives (if any) are at the adviser level, not visible to Fund investors .
- Governance and control: Treasurer duties and the Board’s designation of the adviser as valuation designee under Rule 2a-5 reinforce dependence on adviser systems and controls rather than Fund-paid executive incentives; operational execution signals are observable through adviser processes rather than Fund compensation disclosures .
Net takeaway: For EAD, executive compensation/ownership levers that typically inform trading signals (vesting cliffs, option exercises, pledging) are not disclosed at the Fund level. Monitoring adviser-level announcements and any future 8-K Item 5.02 changes remains the most actionable pathway for retention or leadership transition signals within the Fund’s officer slate .