John C. Ball
About John C. Ball
John C. Ball serves as President, Treasurer, and Principal Financial and Accounting Officer of The Gabelli Convertible and Income Securities Fund Inc. (GCV). He was born in 1976 and has served as an officer of the Fund since 2017; he is also Senior Vice President of GAMCO Investors, Inc. (since 2018) and Chief Executive Officer of G. Distributors, LLC (since 2020) . The proxy does not disclose education or specific performance metrics (e.g., TSR, revenue/EBITDA growth) tied to his role; core credentials are operational and finance leadership across the Gabelli Fund Complex .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Investors, Inc. | Senior Vice President | 2018–Present | Senior finance/operational leadership within adviser to Fund Complex |
| G. Distributors, LLC | Chief Executive Officer | 2020–Present | Distribution leadership within Gabelli ecosystem |
| Gabelli Fund Complex (registered investment companies) | Officer | 2017–Present | Officer across closed-end and other registered funds in complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Investors, Inc. | Senior Vice President | 2018–Present | Adviser-side leadership supporting Fund operations |
| G. Distributors, LLC | Chief Executive Officer | 2020–Present | Distribution strategy execution for fund complex |
Fixed Compensation
The Fund’s proxy presents a director compensation table and covers “officers, if any, who were compensated by the Fund rather than the Adviser.” No Fund-paid officer entries are shown for FY 2023 or FY 2024, indicating officer compensation is paid by the Adviser and not disclosed at the Fund level .
| Component | FY 2023 | FY 2024 | Notes |
|---|---|---|---|
| Base Salary ($) | Not disclosed | Not disclosed | Officer compensation paid by Adviser, not Fund |
| Target Bonus (%) | Not disclosed | Not disclosed | — |
| Actual Bonus ($) | Not disclosed | Not disclosed | — |
Performance Compensation
No Fund-level disclosure of incentive design for officers (e.g., RSUs/PSUs, options, performance metrics, vesting schedules) appears in the proxy. Officers are compensated by the Adviser; the Fund does not report their incentive metric framework .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed by the Fund | — | — | — | — | — |
Equity Ownership & Alignment
| Metric | As of Dec 31, 2023 | As of Dec 31, 2024 |
|---|---|---|
| Beneficial Ownership – Common Shares | 0 | 69 |
| Percent of Shares Outstanding | * (less than 1%) | * (less than 1%) |
Notes:
- “Beneficial Ownership” is determined under Rule 13d‑3; the officer holdings are less than 1% of outstanding common shares .
- Common shares outstanding at the 2025 record date were 19,805,783; preferred shares outstanding were 640,000 (context for relative magnitude) .
Additional alignment considerations:
- The proxy does not disclose pledged or hedged shares for officers; no pledging disclosure specific to Mr. Ball is provided .
- Director stock ownership guidelines are discussed for directors via dollar ranges; there is no officer guideline disclosure specific to Mr. Ball in the proxy .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer Start (Fund) | Since 2017 |
| Current Titles | President, Treasurer, Principal Financial and Accounting Officer |
| Term Length | Indefinite; officers hold office until resignation or successor election/qualification |
| Non‑compete / Non‑solicit | Not disclosed in proxy |
| Severance / Change‑of‑Control | Not disclosed in proxy |
| Clawbacks / Tax gross‑ups | Not disclosed in proxy |
Compliance/insider filings:
- Based solely on the Fund’s review of Forms 3/4, the Fund believes applicable persons complied with Section 16(a) filing requirements in FY 2024 .
Investment Implications
- Alignment: Minimal personal ownership (69 common shares as of Dec 31, 2024; previously 0 in 2023) suggests limited direct, personal economic alignment with GCV common shareholders at the Fund level; officer compensation is paid by the Adviser and not disclosed in Fund proxy, reducing transparency into pay‑for‑performance linkages at GCV itself .
- Retention risk: Tenure since 2017 and indefinite officer term until resignation or successor election imply organizational continuity; absence of disclosed severance/change‑of‑control economics leaves limited visibility into retention incentives in transactional scenarios .
- Trading signals: Section 16(a) compliance and a small share position indicate low insider selling pressure signals from Mr. Ball; no pledge/hedge disclosures specific to him appear in the proxy .
- Governance context: Officer roles are within the Gabelli Fund Complex and GAMCO; Fund‑level disclosure focuses on director compensation and governance committees, with officer compensation handled by the Adviser, consistent with closed‑end fund practices .