Laurissa M. Martire
About Laurissa M. Martire
Laurissa M. Martire serves as Vice President (and/or Ombudsman) of The Gabelli Multimedia Trust Inc. (GGT) and other closed‑end funds in the Gabelli Fund Complex; she has held officer roles at GGT since 2004, with a year of birth of 1976 and current title disclosed consistently across recent proxies . She is Senior Vice President at GAMCO Investors, Inc. (since 2019) , and holds a BA from the University of North Carolina, Charlotte . GGT’s proxy does not disclose individual performance metrics (TSR, revenue growth, EBITDA growth) applicable to her role; Martire is not a portfolio manager and no personal performance linkage is presented in the fund’s filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Investors, Inc. | Assistant Vice President | 2003–2016 | Corporate officer roles supporting fund complex operations |
| GAMCO Investors, Inc. | Vice President | 2016–2019 | Expanded responsibilities prior to SVP promotion |
| GAMCO Investors, Inc. | Senior Vice President | 2019–Present | Senior leadership position at parent adviser |
| Gabelli/GAMCO Fund Complex (including GGT) | Vice President and/or Ombudsman (closed‑end funds) | 2004–Present | Officer serving multiple closed‑end funds in the complex |
External Roles
No external directorships or committee positions were disclosed for Martire in GGT’s proxies .
Fixed Compensation
- GGT’s proxy shows that fund officers are generally compensated by the Adviser (Gabelli Funds/GAMCO) rather than the Fund; only officers paid by the Fund are separately listed. Martire is not listed as compensated by the Fund, implying compensation is paid by the Adviser and not disclosed at the fund level .
- For context, the only officer shown as Fund‑paid was Carter W. Austin (Vice President & Ombudsman) at $73,244 for FY2023 and $74,275 for FY2024; Martire is absent from Fund‑paid officer lines .
Performance Compensation
No disclosure of Martire’s target/actual bonus, equity grants (RSUs/PSUs), option awards, or performance metrics tied to pay (e.g., TSR, revenue, EBITDA, ESG). The proxy contains no individual incentive plan details for officers compensated by the Adviser .
Equity Ownership & Alignment
- Martire does not appear in the beneficial ownership tables for executive officers; GGT lists holdings for John C. Ball, Peter Goldstein, and Richard J. Walz, but not for Martire. No vested/unvested breakdown, option positions, or pledged shares are disclosed for her .
- Director/Officer ownership guidelines or compliance status are not disclosed for officers in the proxy .
Employment Terms
- Tenure and role: Vice President since 2004 at GGT and across closed‑end funds in the complex; Senior Vice President at GAMCO since 2019 .
- Term: Officers hold office for an indefinite term until resignation/retirement or until a successor is elected and qualified .
- Address of record: One Corporate Center, Rye, NY 10580‑1422 .
- Severance, change‑of‑control, non‑compete/non‑solicit, garden leave, and consulting arrangements: Not disclosed for Martire in GGT’s proxy .
- Compensation governance context: The Board references multi‑fund ad hoc Compensation Committees that oversee compensation of certain officers (e.g., Chief Compliance Officer; certain closed‑end fund officers), indicating complex‑level oversight but without individual officer terms disclosed for Martire .
Investment Implications
- Pay‑for‑performance visibility is low: Martire’s compensation is set by the Adviser and not disclosed at the fund level; no metrics, targets, or payout curves are provided, limiting assessment of alignment with GGT performance .
- Insider selling pressure/trading signals: Martire does not appear in GGT’s Section 16 beneficial ownership tables and no Form 4 activity is referenced in the proxy; the Fund reports compliant Section 16 filings generally for covered persons in 2023, but no officer‑level trade detail for Martire is provided .
- Retention risk appears modest: Long tenure since 2004 and current SVP status at GAMCO point to organizational continuity; however, absence of employment agreement terms (severance/change‑of‑control) in fund filings reduces visibility into economic retention levers .
- Alignment and pledging risk: No ownership guidelines, pledging, hedging, or clawback provisions for Martire are disclosed in GGT’s proxy, limiting governance signal extraction at the officer level .
Bottom line: Martire is a long‑tenured fund complex officer with adviser‑level compensation. The proxy provides minimal individual pay, ownership, or contract terms—yielding limited trading or compensation‑alignment signals. Fund‑level governance structures (ad hoc Compensation Committees) exist, but without officer‑specific economics disclosed for Martire .