David Schachter
About David Schachter
David I. Schachter serves as Vice President (and Ombudsman) of GAMCO Global Gold, Natural Resources & Income Trust (GGN) and other closed‑end funds in the Gabelli Fund Complex; he has held officer roles at the Fund since 2010 and was born in 1953 . He is also a Senior Vice President of G.research, LLC (since 2015), an affiliated research and brokerage entity within the Gabelli ecosystem . The proxy statements do not disclose executive performance metrics (e.g., TSR, revenue/EBITDA growth) tied to Mr. Schachter’s role at GGN, nor do they attribute fund performance to individual officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Global Gold, Natural Resources & Income Trust (GGN) and other Gabelli closed‑end funds | Vice President and/or Ombudsman | Since 2010 | Officer roles supporting fund operations and shareholder/Ombudsman functions across the Gabelli Fund Complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| G.research, LLC | Senior Vice President | Since 2015 | Senior leadership at adviser affiliate providing research/brokerage services within the Gabelli complex |
| GAMCO Natural Resources, Gold & Income Trust (GNT) | Investor Relations contact (phone/email listed) | 2025 press release | Named IR contact for GNT, indicating investor communications responsibilities across Gabelli closed‑end funds |
Fixed Compensation
- Officer compensation for Mr. Schachter is not disclosed at the Fund level; the proxy only reports compensation for Trustees and any officers directly paid by the Fund (in 2024, only Vice President/Ombudsman Molly A.F. Marion was compensated by GGN) .
- Trustees receive standardized retainers/meeting fees; these do not apply to Mr. Schachter, who is an officer, not a Trustee .
Performance Compensation
- Not disclosed. The proxies do not provide bonus targets, equity awards (RSUs/PSUs/options), or performance metrics (e.g., TSR, revenue, EBITDA, ESG) for Mr. Schachter .
Equity Ownership & Alignment
- Beneficial ownership for Mr. Schachter is not reported in GGN’s officer/Trustee ownership tables for 2023–2024; only select officers (e.g., John C. Ball, Peter Goldstein, Richard J. Walz) and Trustees are shown, with aggregate officer/Trustee holdings under 1% of outstanding shares .
- No disclosures of pledged shares, hedging, stock ownership guidelines, or compliance status for Mr. Schachter .
Employment Terms
- Officers “hold office for an indefinite term” until resignation/retirement or successor appointment; no individual employment agreement, non‑compete, severance, or change‑of‑control provisions for Mr. Schachter are disclosed in the Fund’s proxy .
- Governance oversight includes multi‑fund ad hoc Compensation Committees (e.g., for the Chief Compliance Officer and certain closed‑end fund officers), though the proxy does not specify compensation decisions for Mr. Schachter .
Investment Implications
- Compensation alignment: With officer pay not disclosed at GGN and beneficial ownership not reported for Mr. Schachter, investors have limited visibility into his cash/equity mix, performance linkage, or ownership alignment—reducing the ability to assess pay‑for‑performance and incentive risk at the officer level .
- Retention risk: Long tenure (officer since 2010) and indefinite term suggest organizational continuity; lack of disclosed severance/change‑of‑control terms means retention economics and exit costs are not assessable from proxies .
- Trading signals: Absence of Form 4/insider activity and pledging/hedging disclosures for Mr. Schachter in proxies eliminates typical insider‑pressure signals; monitoring Board governance, distribution policy changes, and portfolio option‑writing strategy disclosures may be more informative for GGN’s stock/NAV behavior than officer‑level incentives .
- Governance: The Fund’s structured committee oversight (Audit, Nominating, ad hoc Proxy Voting, ad hoc Pricing, multi‑fund ad hoc Compensation) provides process rigor, but officer‑specific compensation metrics and clawback provisions are not provided—limiting granular governance evaluation for Mr. Schachter .