Kevin F. McDonald
About Kevin F. McDonald
Kevin F. McDonald (age 58) is an Independent Director (Class III) of Eagle Point Income Company Inc. (EIC), serving since inception with a current term expiring at the 2026 annual meeting . He is Chief Operating Officer of AltaRock Partners (since January 2019) and holds a B.A. from the University of Virginia, with prior roles spanning asset management, trading, and investment advisory functions .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| AltaRock Partners, LLC | Chief Operating Officer | Since Jan 2019 | N/A |
| Folger Hill Asset Management, LP | Director of Business Development & Investor Relations | Dec 2014 – Jul 2018 | N/A |
| Taylor Investment Advisors, LP | Principal (co-founder) | 2002 – Mar 2017 | N/A |
| Taylor Investment Advisors, LP | Chief Executive Officer | 2006 – Dec 2014 | N/A |
| Larch Lane Advisors LLC | Director | 1999 – 2001 | N/A |
| JP Morgan Securities | Vice President, futures & options group | 1994 – 1999 | N/A |
| BSI Bank (subsidiary of Generali S.P.A.) | Assistant Treasurer; proprietary fixed‑income trader | 1991 – 1994 | N/A |
| Chemical Bank | Credit Analyst, corporate finance | Began 1989 | N/A |
External Roles
| Organization | Role | Committees |
|---|---|---|
| Eagle Point Credit Company Inc. | Independent Director | Audit Committee member; Nominating Committee member |
| Eagle Point Institutional Income Fund | Independent Trustee | Audit Committee member; Nominating Committee member |
| Eagle Point Enhanced Income Trust | Independent Trustee | Audit Committee member; Nominating Committee member |
| Eagle Point Defensive Income Trust | Independent Trustee | Audit Committee member; Nominating Committee member |
Board Governance
- Independence: McDonald qualifies as an Independent Director under the 1940 Act and NYSE standards; the Board comprises four Independent Directors and two “interested persons” (Majewski and Matthews) .
- Committees: Member of the Audit Committee and Nominating Committee; all Independent Directors serve on both committees .
- Leadership context: Weiss is Lead Independent Director; Majewski is Chairperson and CEO .
- Attendance/engagement: In FY2024, the Board met 5 times; Audit Committee met 5 times; Nominating Committee met 3 times; each Director attended at least 75% of applicable meetings; all six Directors attended the 2024 annual meeting .
- Years of service: Director since inception; current Class III term expires at the 2026 annual meeting .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (cash) | $60,000 | Applies to each Independent Director |
| Audit Committee Chair fee | +$10,000 | For the chair only (Weiss); McDonald not chair |
| Nominating Committee Chair fee | +$5,000 | For the chair only (Appleby); McDonald not chair |
| Aggregate compensation from EIC (FY2024) | $60,000 | Reported in proxy compensation table |
| Aggregate compensation from Fund Complex (FY2024) | $180,000 | Includes related Eagle Point funds |
| Pension/retirement benefits | None | Directors do not receive pension/retirement benefits |
Performance Compensation
- No equity grants (RSUs/PSUs), options, or performance‑based metrics for directors are disclosed in the proxy; Independent Director compensation is structured as cash retainers with chair premia only .
Other Directorships & Interlocks
- Outside public company boards: None in the past five years other than EIC and affiliated Eagle Point funds in the same complex .
- Fund complex governance: The Adviser is primarily owned by Trident Funds (Stone Point affiliates) and partly by Enstar; Matthews (an interested Director) is a Managing Director at Stone Point and sits on related Eagle Point boards, while McDonald is independent and, to the Company’s knowledge, neither he nor immediate family members hold securities of the Adviser or affiliates (except registered investment companies) .
Expertise & Qualifications
- Asset management, multi‑manager/alternative investments, trading (futures/options), and fixed income experience across JP Morgan, BSI Bank, and investment advisory firms .
- Education: B.A., University of Virginia .
- Board skills: Financial literacy; service on Audit and Nominating Committees across the Eagle Point fund complex .
Equity Ownership
| Holder | Common Shares Beneficially Owned | % of Outstanding | Dollar Range (EIC) |
|---|---|---|---|
| Kevin F. McDonald | 2,885 | <1.0% | $10,001 – $50,000 |
Notes:
- Shares outstanding as of record date: 25,409,702 common shares .
- No pledging or hedging disclosures for directors are provided in the proxy; to the Company’s knowledge, Independent Directors and immediate family members did not own securities of the Adviser or its control affiliates (other than registered investment companies) .
Governance Assessment
- Strengths: Independent status; active committee participation (Audit and Nominating); documented attendance at/above 75% with regular independent sessions; presence of a Lead Independent Director enhances oversight .
- Alignment: Owns 2,885 EIC shares (dollar range $10,001–$50,000), providing some ownership alignment; director pay is cash‑only retainer, with no equity awards disclosed, limiting direct pay‑for‑performance linkage typical in operating companies but common in closed‑end funds .
- Conflicts: No related‑party security holdings disclosed for Independent Directors; McDonald’s independence mitigates conflicts amid Adviser ownership by Stone Point/Enstar and presence of an interested Stone Point director on the Board .
- RED FLAGS: None identified in the proxy regarding low attendance, related‑party transactions involving McDonald, equity pledging, tax gross‑ups, or option repricing; committee chair roles (which carry extra fees) are held by other directors, not McDonald .