Laurissa M. Martire
About Laurissa M. Martire
Laurissa M. Martire serves as Vice President of The Gabelli Global Small and Mid Cap Value Trust (GGZ) and/or Ombudsman across closed-end funds in the Gabelli Fund Complex; she has been in the role since 2018. She is also Senior Vice President of GAMCO Investors, Inc. since 2019. Year of birth: 1976. The GGZ proxy does not disclose individual performance metrics (e.g., TSR, revenue growth, EBITDA growth) tied to her compensation or role.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli Fund Complex | Vice President and/or Ombudsman | Since 2018 | Officer role across closed‑end funds, with Ombudsman responsibilities |
| GAMCO Investors, Inc. | Senior Vice President | Since 2019 | Senior leadership at the adviser to GGZ |
| GAMCO Investors, Inc. | Various positions | 2003–2019 | Progression through roles prior to SVP appointment |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in GGZ proxy for Laurissa M. Martire | — | — | — |
| GGZ’s officer biography for Laurissa lists only internal roles; no external directorships or committee positions are disclosed. |
Fixed Compensation
- GGZ’s proxy discloses compensation only for trustees and for “officers, if any, who were compensated by the Fund rather than the Adviser”; Laurissa M. Martire is not listed in the officer compensation table, and her individual base salary, bonus, or cash compensation are not disclosed in GGZ’s proxy.
Performance Compensation
- No RSU/PSU or option awards, performance weights/targets, or payout outcomes are disclosed for GGZ officers in the proxy; Laurissa’s incentive structure, vesting schedules, and performance metrics tied to pay are not provided.
Equity Ownership & Alignment
- Laurissa M. Martire is not individually listed in GGZ’s beneficial ownership table of trustees and executive officers; the proxy does not disclose her personal shareholdings, pledged shares, or compliance with any stock ownership guidelines.
- For context, trustees and executive officers as a group held 34.5% of total Common Shares and 50.2% of total Preferred Shares as of December 31, 2024 (concentrated in Mario J. Gabelli and affiliates).
Employment Terms
| Term Item | Detail |
|---|---|
| Current Role | Vice President (and/or Ombudsman) at GGZ/Gabelli Fund Complex |
| Employment Start in Current Role | Since 2018 |
| Employer | Roles disclosed within Gabelli Fund Complex; SVP at GAMCO Investors, Inc. |
| Contract Term Length | Officers “hold office for an indefinite term until the date he or she resigns or retires or until his or her successor is duly elected and qualified.” |
| Auto-renewal Clauses | Not disclosed in proxy |
| Non-compete / Non-solicit / Garden Leave | Not disclosed in proxy |
| Post-termination Arrangements | Not disclosed in proxy |
Investment Implications
- Compensation alignment and selling pressure: Absence of disclosed equity awards, vesting schedules, or option holdings for Laurissa suggests limited direct insider selling pressure tied to GGZ equity; however, lack of disclosure prevents robust pay-for-performance assessment.
- Ownership alignment: Laurissa’s individual beneficial ownership is not disclosed, constraining skin‑in‑the‑game analysis and pledging/hedging assessment. Group ownership is highly concentrated in Mario J. Gabelli and affiliates, which influences overall governance dynamics rather than officer-level alignment.
- Retention risk and severance economics: No severance, change‑of‑control, clawback, or ownership guideline disclosures are provided for Laurissa in GGZ’s proxy, leaving retention and parachute risk opaque.
- Governance oversight: The Board operates with Independent Trustees and committee structure; multi‑fund ad hoc compensation committees exist for certain officer roles (e.g., CCO and selected closed‑end fund officers), indicating cross‑fund oversight of officer compensation but not providing individual terms for Laurissa.
- Overall signal quality: Given the adviser‑based employment and minimal officer-level disclosure in a closed‑end fund proxy, Laurissa-specific trading signals (e.g., option exercises, RSU vesting, insider sales) are not available in GGZ’s filings; any evaluation of compensation alignment or retention risk requires adviser-level disclosures outside GGZ’s proxy.