Courtney B. Fandrick
About Courtney B. Fandrick
Courtney B. Fandrick serves as Secretary of Eagle Point Credit Company Inc. (ECC) and has held this role since August 2015; she is age 42 and is also Principal and Chief Compliance Officer of Eagle Point Credit Management LLC and affiliated Eagle Point entities . Her education includes a B.A. in Mathematics and Statistics from Miami University and an MBA from the University of Phoenix . ECC’s filings indicate officers are not directly compensated by the Company, and thus no pay-for-performance metrics tied to her compensation are disclosed at ECC; stockholder communications with the Board are processed through the Secretary’s office, evidencing her corporate governance responsibilities .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eagle Point Credit Company Inc. | Secretary | Aug 2015–present | Corporate secretary executing proxy process, Board support, investor communications routing |
| Eagle Point Credit Management LLC (Adviser) | Deputy Chief Compliance Officer | Dec 2014–Mar 2020 | Built compliance program prior to becoming firm’s CCO |
| Bridgewater Associates, LP | Senior Compliance Associate | Prior to Dec 2014 | Institutional compliance experience at a large investment adviser |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eagle Point Credit Management LLC (Adviser) | Principal & Chief Compliance Officer | Since Apr 2020 | Leads compliance across Adviser and affiliates |
| Eagle Point Income Management LLC | Principal & Chief Compliance Officer | Since Apr 2020 | Extends compliance oversight to sister vehicle |
| Eagle Point Enhanced Income Management LLC | Principal & Chief Compliance Officer | Since Jun 2023 | Compliance leadership for new trust strategy |
| Eagle Point Defensive Income Management LLC | Principal & Chief Compliance Officer | Since Sep 2023 | Compliance leadership for defensive income strategy |
| Eagle Point Income Company Inc. | Secretary | Since Oct 2018 | Corporate secretary duties for related listed fund |
| Eagle Point Institutional Income Fund | Secretary | Since Jan 2022 | Corporate secretary duties for institutional fund |
| Eagle Point Enhanced Income Trust | Secretary | Since Aug 2023 | Corporate secretary duties for enhanced income trust |
| Eagle Point Defensive Income Trust | Secretary | Since Feb 2024 | Corporate secretary duties for defensive income trust |
Fixed Compensation
ECC reports that “none of the Company’s officers is directly compensated by the Company.” Officer-related compensation for CFO, COO, and CCO functions is paid via the Administrator’s allocable overhead under the Administration Agreement; ECC pays its allocable share, but officer pay is not itemized per individual at ECC .
| Item | Disclosure |
|---|---|
| Base salary | Not disclosed at ECC (officers not directly compensated by ECC) |
| Target bonus % | Not disclosed at ECC |
| Actual bonus | Not disclosed at ECC |
| Administrator allocation | ECC pays allocable overhead including compensation of CFO/COO/CCO and support staff |
Performance Compensation
No RSUs/PSUs/options or performance metric-linked compensation for ECC officers are disclosed in ECC proxy materials (officers not directly compensated by ECC) .
Equity Ownership & Alignment
Multi-period beneficial ownership disclosure for ECC common and preferred shares:
| Metric | Mar 31, 2025 (Record Date) | Oct 24, 2025 (Record Date) |
|---|---|---|
| Common shares beneficially owned (number) | 70 | 70 |
| Ownership % (as disclosed) | <1% (*) | <1% (*) |
| Preferred shares beneficially owned (number) | — | — |
Notes:
- “*” denotes less than 1% per ECC’s disclosure. Based on total shares outstanding at each record date as reported in the proxy statements .
Additional alignment considerations:
- ECC indicates no person beneficially owns 5% or more of ECC preferred/common stock as of Oct 24, 2025; officer and director group holdings total 196,629.24 common and 4,086.96 preferred shares .
- No pledging/hedging disclosures specific to Ms. Fandrick are included in ECC filings reviewed; items are omitted if not disclosed.
Employment Terms
- Role tenure: Secretary since August 2015; officers serve at the pleasure of the Board and until successors are chosen or earlier resignation/removal .
- Secretary responsibilities include executing proxy notices and serving as contact for stockholder communications to the Board (addressed c/o Secretary) .
- Governance framework change: ECC seeks conversion to a Delaware statutory trust; under the proposed trust Declaration, trustees elect officers including a Secretary, and officers owe fiduciary duties per Delaware law and the 1940 Act; this does not alter day-to-day management functions but modernizes governance documents .
Investment Implications
- Minimal share ownership: Ms. Fandrick’s 70-share position (<1%) suggests limited direct equity-alignment at ECC; compensation is paid by the Adviser, not directly by ECC, reducing visibility into her cash/equity mix and performance pay linkage at the public vehicle .
- Governance stability: A decade-long tenure as Secretary with expanded CCO responsibilities across Eagle Point affiliates indicates continuity in compliance and corporate governance processes, generally supportive of execution quality in regulated fund structures .
- Trading signals: ECC filings do not disclose officer equity award vesting or option activity; monitor future Form 4 filings for insider transactions to assess selling pressure or changes in alignment. Stockholder communications and proxy execution via the Secretary’s office are robust, but say‑on‑pay analyses are inapplicable given ECC’s external manager compensation model .