Laurissa M. Martire
About Laurissa M. Martire
Laurissa M. Martire serves as Vice President and Ombudsman of The Gabelli Convertible and Income Securities Fund Inc. (GCV), and across closed-end funds in the Gabelli/GAMCO Fund Complex; she has held the Vice President/Ombudsman role since 2004 and is a Senior Vice President of GAMCO Investors, Inc. since January 2019 . Year of birth: 1976; office address: One Corporate Center, Rye, NY 10580-1422 . GCV reported $95 million in total net assets (context for fund scale), with Martire listed as Investor Relations contact in recent fund communications .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli/GAMCO Fund Complex | Vice President and/or Ombudsman | Since 2004 | Investor relations/shareholder communications across closed‑end funds; continuity of fund governance support |
| GAMCO Investors, Inc. | Senior Vice President | Since Jan 2019 | Senior leadership within GAMCO supporting fund complex operations and investor relations |
| GAMCO Investors, Inc. | Various positions | 2003–2019 | Progressive roles at GAMCO prior to SVP appointment; deep familiarity with fund complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli Convertible and Income Securities Fund (GCV) | Investor Relations Contact | 2025 | External communications; investor inquiries; fund distribution notices |
| Bancroft Fund Ltd. (BCV) | Investor Relations Contact | 2025 | IR outreach for sister closed‑end fund; cross‑fund shareholder communication |
Fixed Compensation
| Year | Role | Compensation | Notes |
|---|---|---|---|
| 2014 | Officer (GCV) | $70,000 | Disclosed in 2015 proxy for fiscal year ended Dec 31, 2014 |
- In recent proxies, the compensation tables list directors and “officers, if any, who were compensated by the Fund rather than the Adviser”; no officer compensation entries are shown for FY 2023 or FY 2024, indicating no Fund‑paid officer compensation was disclosed for those years .
Performance Compensation
- No disclosure of bonus targets, RSUs/PSUs, options, or performance metrics for Martire in GCV’s proxies; compensation detail for officers paid by the Adviser is not included in the Fund’s proxy statements .
Equity Ownership & Alignment
- GCV’s beneficial ownership tables list executive officers (President/Treasurer, Secretary, CCO) but do not include Martire; no specific share ownership for Martire is disclosed in 2023 or 2024 year‑end tables .
- Directors and executive officers as a group held less than 1% of Common Stock and 5% of Preferred Stock as of year‑end (context for overall management alignment), but individual officer holdings did not include Martire in the table .
- No disclosures of pledging or hedging by Martire in GCV proxies .
Employment Terms
| Item | Disclosure |
|---|---|
| Current Title | Vice President and Ombudsman (GCV) |
| Tenure in Current Role | Since 2004 |
| Employer Affiliation | Officer across Gabelli/GAMCO closed‑end funds; Senior VP of GAMCO Investors since Jan 2019 |
| Contract Term/Expiration | Not disclosed in GCV proxy |
| Non‑compete / Non‑solicit | Not disclosed in GCV proxy |
| Severance / Change‑of‑Control | Not disclosed in GCV proxy |
| Clawbacks / Ownership Guidelines | Not disclosed in GCV proxy |
Investment Implications
- Pay-for-performance visibility is limited: recent GCV proxies include director fees and note officer compensation only “if any” paid by the Fund; none was disclosed for officers for FY 2023–2024, and no performance metrics, targets, or equity awards for Martire are provided. This reduces direct compensation alignment signals at the Fund level, with officer pay likely determined by the Adviser (GAMCO) outside the Fund’s proxy .
- Retention risk appears low given tenure: Martire has served as VP/Ombudsman since 2004 and as GAMCO SVP since 2019, indicating organizational continuity in investor relations and fund governance support .
- Ownership alignment data is sparse: Martire is not listed among executive officers in the beneficial ownership tables, and no pledging or hedging is disclosed. Analysts should monitor future proxies and Form 4 filings for any changes in officer ownership that could signal alignment or selling pressure .
- Trading signals tied to Martire specifically are limited: her role centers on IR/ombudsman functions rather than portfolio management. Focus on fund‑level drivers (discount/premium to NAV, distribution policy, asset mix, leverage, and market conditions) rather than executive‑specific performance pay or vesting catalysts in this case .