Courtney B. Fandrick
About Courtney B. Fandrick
Courtney B. Fandrick serves as Secretary of Eagle Point Income Company Inc. (“EIC”) since inception and is also Principal and Chief Compliance Officer of the Company’s adviser and affiliated managers; she is 42 years old per the 2025 proxy and holds a B.A. in Mathematics & Statistics from Miami University and an MBA from the University of Phoenix . Her responsibilities include reviewing and routing stockholder communications to the Board and individual directors, and she has served in compliance leadership roles across the Eagle Point fund complex . EIC’s proxy statements do not disclose TSR, revenue growth, or EBITDA growth linked to Ms. Fandrick; officers are not directly compensated by the Company, limiting available pay-for-performance metrics at the issuer level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eagle Point Income Company Inc. | Secretary | Since inception | Corporate secretary duties; review and forwarding of stockholder communications |
| Eagle Point Income Management LLC (Adviser) | Deputy Chief Compliance Officer → Principal & Chief Compliance Officer | Oct 2018–Mar 2020; since Mar 2020 | Compliance leadership at Adviser overseeing regulatory functions |
| Eagle Point Credit Management LLC | Deputy Chief Compliance Officer → Principal & Chief Compliance Officer | Dec 2014–Mar 2020; since Mar 2020 | Compliance leadership at affiliate; fund complex oversight |
| Bridgewater Associates, LP | Senior Compliance Associate | Prior to Dec 2014 | Compliance experience at large investment adviser |
External Roles
| Organization | Role | Years |
|---|---|---|
| Eagle Point Credit Company Inc. | Secretary | Since Aug 2015 |
| Eagle Point Institutional Income Fund | Secretary | Since Jan 2022 |
| Eagle Point Enhanced Income Trust | Secretary | Since Aug 2023 |
| Eagle Point Defensive Income Trust | Secretary | Since Feb 2024 |
Fixed Compensation
- Officers are not directly compensated by the Company; EIC’s proxy explicitly states that “none of the Company’s officers is directly compensated by the Company” .
- The Administrator is reimbursed for compliance and support costs (including compensation for CFO, COO, and CCO and related support staff) under the Administration Agreement; EIC paid approximately $0.65 million for these services in FY2024 .
Performance Compensation
- No issuer-level bonus, RSU/PSU, or option grants to officers are disclosed; EIC’s proxy provides director compensation only, with no officer equity awards or incentive plan disclosure .
Equity Ownership & Alignment
| Metric | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|
| Common shares beneficially owned by Courtney B. Fandrick (units) | 508 | 553 | 717 |
| Preferred shares beneficially owned (units) | — | — | — |
- Beneficial ownership represents less than 1% of outstanding common shares in each reported year; the proxy provides the total common shares outstanding for the record date (12,958,326 in 2024; 25,409,702 in 2025) and marks officer ownership with “* represents less than 1.0%” .
- The proxy statements present ownership counts but do not disclose officer pledging or hedging practices; no ownership guidelines for officers are provided in the documents reviewed .
Employment Terms
- Term of office: Officers “hold office at the pleasure of the Board and until their successors are chosen and qualifies, or until their earlier resignation or removal” .
- Start date/tenure: Ms. Fandrick has served as Secretary since inception (no specific start date provided in the proxy) .
- Contracts/severance/change-of-control: No employment contract, severance or change-of-control terms for officers are disclosed; officers are not directly compensated by the Company .
- Stockholder communications: As Secretary, Ms. Fandrick reviews and forwards stockholder communications to the Board or directors; she may determine in good faith that certain communications are not provided if they do not reasonably relate to the Company or are routine/ministerial in nature .
Investment Implications
- Pay-for-performance alignment at the issuer level is limited for officers; compensation is borne via the Administrator/Adviser, and EIC discloses no salary/bonus/equity grants for officers, reducing visibility into incentive levers linked to Company performance .
- Insider selling pressure indicators are minimal from issuer data: beneficial holdings are small and no officer equity award vesting or option schedules are disclosed; proxies provide beneficial ownership counts only and do not present officer pledging/hedging policies .
- Governance stability appears consistent with a closed-end fund structure: the Nominating Committee sets independent director compensation (no separate compensation committee), and officers’ roles are at the Board’s pleasure, with the Secretary role central to stockholder communications; this framework supports compliance emphasis over issuer-level incentive plans for officers .