David Lamb
Chief Administrative Officer (Principal Executive Officer) at NUVEEN FLOATING RATE INCOME FUND
Executive
About David Lamb
David J. Lamb is Chief Administrative Officer and Principal Executive Officer of Nuveen Floating Rate Income Fund (JFR), serving since 2015; year of birth 1963. He is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen; officers receive no compensation from the Funds and are elected annually to serve until successors are elected and qualified . Lamb signs SOX 302 and 906 certifications on JFR’s N-CSR and executes JFR’s N-PX filings, evidencing direct responsibility for financial reporting and controls . Performance metrics such as TSR or revenue/EBITDA growth are not disclosed for officers in JFR filings.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Past 5 years | Principal executive officer responsibilities for JFR; oversight and certification of financial reporting (SOX 302/906) |
| Nuveen Securities, LLC | Senior Managing Director | Past 5 years | Supports board/election processes and fund governance operations as JFR officer |
| Nuveen (parent) | Senior Managing Director | Past 5 years | Coordinates across Nuveen/TIAA enterprise for fund controls; signs filings for JFR |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in JFR officer table | — | — | DEF 14A officer disclosure lists no external directorships for David Lamb |
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Base salary (Fund) | $0 | Officers receive no compensation from the Funds |
| Base salary (Adviser/Nuveen) | Not disclosed | Compensation paid by Adviser; not detailed in JFR filings |
| Target bonus % | Not disclosed | No officer bonus specifics in JFR proxy/filings |
| Actual bonus paid | Not disclosed | — |
| Perquisites | Not disclosed | — |
| Pension/SERP | Not disclosed | — |
| Clawback provisions | Not disclosed | — |
| Tax gross-ups | Not disclosed | — |
Performance Compensation
| Incentive Type | Metrics | Weighting/Targets | Payout/Structure | Vesting |
|---|---|---|---|---|
| Officer equity/PSU/RSU | Not disclosed | — | — | — |
| Notes | Portfolio manager compensation (not applicable to Lamb) at Nuveen funds is based on risk‑adjusted performance vs benchmarks/Morningstar ranks, management/peer reviews; includes cash bonus, 3‑year long‑term performance awards, and a profits interest plan. This section applies to portfolio managers, not JFR’s CAO . |
Equity Ownership & Alignment
| Item | Value | Notes |
|---|---|---|
| Total beneficial ownership – officers and board as a group | <1% of JFR outstanding shares | As of Feb 18, 2025, each Board Member’s individual holdings and officers as a group are <1% for each Fund |
| David Lamb individual ownership | Not individually disclosed | Appendix A lists board members; no officer‑by‑officer detail provided |
| Shares outstanding (context) | 134,056,187 common shares; TFP Series A 170,000; TFP Series B 115,000 | As of Feb 18, 2025 |
| Shares pledged/hedged | Not disclosed | — |
| Ownership guidelines | Not disclosed | — |
Employment Terms
| Term/Provision | Detail | Source |
|---|---|---|
| Title | Chief Administrative Officer; Principal Executive Officer | |
| Term of office | Indefinite; officers elected annually and serve until successors are elected and qualified | |
| Start as JFR officer | Since 2015 | |
| Reporting responsibilities | Signs SOX 302 and 906 certifications on N‑CSR (filed April 4, 2025) | |
| SEC filings execution | Signs N‑PX (signed August 14, 2025) | |
| Severance/Change‑of‑Control | Not disclosed in JFR filings | — |
| Non‑compete/Non‑solicit/Garden leave | Not disclosed in JFR filings | — |
| Compensation payer | Adviser (Nuveen), not the Funds |
Investment Implications
- Pay-for-performance assessment is constrained: officer compensation is paid by Nuveen and not itemized in JFR filings; there is no Fund-paid cash/equity compensation for Lamb, which limits direct Fund-level alignment signals .
- Ownership alignment appears modest at the Fund level; executive officers and board members as a group hold <1% of outstanding shares, and Lamb’s individual holdings are not disclosed, reducing observable “skin-in-the-game” signals for JFR .
- Governance and controls are strong on paper: Lamb, as PEO, certifies JFR’s SOX 302/906 and signs N‑PX, indicating accountability for reporting and internal controls—positive for operational risk oversight .
- Retention risk cannot be evaluated: employment contract terms (severance/CoC, vesting schedules, clawbacks) are not disclosed; insider trading data for Lamb were not available in the documents, so potential selling pressure/vesting overhang cannot be assessed from filings.