Laurissa M. Martire
About Laurissa M. Martire
Laurissa M. Martire serves as Vice President and Ombudsman of Ellsworth Growth and Income Fund Ltd. (ECF) and has held officer roles within the Gabelli closed‑end fund complex since 2015 . She is also a Senior Vice President of GAMCO Investors, Inc. (since January 2019), the broader asset management organization affiliated with ECF’s adviser . The proxy discloses her year of birth as 1976 and lists her principal occupation summary; education and person‑level performance metrics (TSR, revenue/EBITDA growth attribution) are not provided in ECF’s filings .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Ellsworth Growth and Income Fund Ltd. (ECF) | Vice President and Ombudsman | Since 2015 | Officer of the Fund with ombudsman responsibilities across Gabelli closed‑end funds |
| Gabelli closed‑end funds (Fund Complex) | Vice President and/or Ombudsman | Since 2015 | Officer roles within the Gabelli Fund Complex |
External Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| GAMCO Investors, Inc. | Senior Vice President | Since Jan 2019 | Senior leadership at GAMCO; ECF’s adviser is Gabelli Funds, LLC (affiliated) |
Fixed Compensation
- ECF’s proxy includes a compensation table for Trustees and “officers, if any, who were compensated by the Fund rather than the Adviser,” indicating the Fund generally reports Trustee pay and that officer pay is typically not borne by the Fund (and therefore not itemized). No compensation amounts for Ms. Martire are disclosed by ECF .
- Governance disclosure notes the Fund Complex maintains multi‑fund ad hoc Compensation Committees overseeing compensation for the Chief Compliance Officer and certain other closed‑end fund officers (structural oversight, but no individual amounts or formulas for Ms. Martire are provided) .
Performance Compensation
- The proxy does not disclose individual incentive plan metrics, target/actual bonus outcomes, or equity/option grants for Ms. Martire (no RSU/PSU/option detail, vesting schedules, or payout formulas are presented) .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership | Ms. Martire is not listed in the Fund’s beneficial ownership tables for Trustees and executive officers; the executive officers table includes the Treasurer, Secretary, and Chief Compliance Officer, but not the Vice President/Ombudsman role held by Ms. Martire . |
| Section 16 status and filings | The proxy states Section 16(a) reporting compliance for required persons during FY2024; Ms. Martire is not identified among the named executive officers in the ownership table, limiting Form 4 visibility for her role at the Fund level . |
| Pledging/hedging | No pledging or hedging disclosures specific to Ms. Martire are provided in the proxy; no ownership amounts for her are reported . |
| Ownership guidelines | No officer stock ownership guidelines or compliance status for Ms. Martire are disclosed in ECF’s proxy . |
Employment Terms
- Start date/tenure: Officer roles in the Gabelli closed‑end fund complex since 2015 (ECF lists her “Since 2015”) .
- Employment agreements, severance, change‑of‑control, clawbacks, non‑compete/non‑solicit: Not disclosed for Ms. Martire in ECF’s proxy (the document focuses on Trustee elections and governance; officer contractual economics are not presented) .
- Compensation oversight: Multi‑fund ad hoc Compensation Committees exist for the CCO and certain closed‑end fund officers; no individual employment contract economics are provided for Ms. Martire .
Investment Implications
- Pay-for-performance visibility: There is no disclosure of base salary, bonus targets/outcomes, or equity grants for Ms. Martire at the Fund level, limiting assessment of incentive alignment and vesting‑related selling pressure indicators .
- Trading signals and ownership alignment: Ms. Martire is not listed in the Fund’s beneficial ownership tables for executive officers, and Section 16 reporting compliance was noted generally for required persons; lack of reported holdings and Form 4 data for her reduces direct insider‑selling or pledging signal utility for investors .
- Retention and change‑in‑control risk: No employment agreement, severance, or change‑of‑control terms are disclosed for Ms. Martire, leaving limited insight into retention economics or potential parachute structures at the Fund level; compensation for certain Fund officers is overseen by multi‑fund ad hoc committees, suggesting centralized processes rather than fund‑specific packages .
- Role materiality: Ms. Martire’s disclosed responsibilities are administrative/ombudsman and officer roles across the closed‑end fund complex; portfolio management and Trustee compensation/governance items dominate the proxy, indicating her role is not positioned as a primary driver of fund performance within ECF’s shareholder materials .