Jon Scott Meissner
About Jon Scott Meissner
Jon Scott Meissner serves as Vice President and Assistant Secretary for JLS (Nuveen Mortgage & Income Fund) with a term noted as “Indefinite” and service since 2019; his business address is 8500 Andrew Carnegie Blvd., Charlotte, NC 28262, and year of birth is 1973 . His current principal occupation is Managing Director, Mutual Fund Tax and Expense Administration at Nuveen Fund Advisors, LLC, with prior descriptions including Managing Director roles across Nuveen fund platforms and earlier senior roles at Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC . The fund’s proxy states officers receive no compensation from the Funds (paid by the Adviser), and no executive-specific performance metrics (TSR, revenue, EBITDA) tied to Meissner’s compensation are disclosed in fund filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director; Mutual Fund Tax & Expense Administration | Since 2019 | Oversight of mutual fund tax and expense administration across Nuveen/TIAA complex |
| Nuveen (Mutual Fund Tax & Financial Reporting) | Managing Director | Since 2017 | Led mutual fund tax and financial reporting functions |
| Teachers Advisors, LLC; TIAA-CREF Investment Management, LLC | Senior Director | Since 2016 | Senior leadership across investment management and fund administration for TIAA/Teachers Advisors |
| TIAA-CREF Funds, Life Funds, Separate Account VA-1, CREF | Senior Director, Mutual Fund Taxation | Since 2015 | Tax oversight across TIAA mutual funds and separate accounts |
| TIAA | Various positions | Since 2004 | Progressive responsibilities across fund taxation/administration |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in fund proxy filings | — | — | No external public company directorships or committee roles disclosed for Meissner |
Fixed Compensation
Officers of the Nuveen Funds (including JLS) serve without compensation from the Funds; compensation for the Chief Compliance Officer is paid by the Adviser with fund reimbursement of an allocable portion, and officer pay levels (base salary, bonus) are not disclosed in fund filings.
| Component | Amount / Target | Notes |
|---|---|---|
| Base salary | Not disclosed — officers receive no compensation from the Funds | Officer compensation is paid by the Adviser (Nuveen/TIAA); specific amounts not disclosed in fund proxy |
| Target bonus % | Not disclosed — officers receive no compensation from the Funds | Bonus details for officers not disclosed by the Funds |
| Actual bonus paid | Not disclosed — officers receive no compensation from the Funds | Not disclosed in proxy; CCO incentive comp reimbursed in part to Adviser |
| Cash retainers/fees from Fund | $0 — officers receive no compensation from the Funds | Officers are elected annually; no fund-paid officer compensation |
Performance Compensation
No executive-specific performance metrics or equity incentive design is disclosed for fund officers; RSUs/PSUs/options for Meissner are not reported in fund proxy materials.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for fund officers | — | — | — | — | — |
Equity Ownership & Alignment
The proxy discloses beneficial ownership at the Board/Officer group level and dollar ranges for Independent Board Members; individual officer holdings (including Meissner) are not itemized. As of February 18, 2025, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund . Appendix A provides fund-by-fund counts, including group holdings in Mortgage & Income (JLS).
| Item | Detail |
|---|---|
| Individual beneficial ownership (Meissner) | Not itemized; proxies provide group totals and Board-member ranges only |
| Ownership as % of shares outstanding | <1% for Board Members and executive officers as a group, for each fund |
| Group shares in JLS (Mortgage & Income) | 499 shares held by Board Members/Nominees and Officers as a group as of Dec 31, 2024 |
| Vested vs. unvested shares | Not disclosed for officers |
| Options (exercisable/unexercisable) | Not disclosed for officers |
| Pledging/Hedging | No pledging disclosure for officers; committee charters address hedging/derivatives at fund level, not personal pledging |
Note: Attempt to retrieve Form 4 transactions via the insider-trades skill returned an authorization error; no additional SEC Form 4 detail could be incorporated beyond proxy disclosures in this report.
Employment Terms
| Term | Detail |
|---|---|
| Officer position | Vice President and Assistant Secretary |
| Term of office | Indefinite for Meissner’s role ; officers are elected annually by the Board to serve until successors are elected and qualified |
| Length of service | Since 2019 |
| Employment start date | Officer service began 2019 in Nuveen fund complex |
| Contract length/expiration | Not disclosed in fund filings |
| Severance / change-of-control | Not disclosed for officers in fund proxy/8-K materials |
| Clawback provisions | Not disclosed for officers in fund proxy |
| Non-compete / non-solicit | Not disclosed in fund proxy |
| Garden leave / post-termination consulting | Not disclosed in fund proxy |
Investment Implications
- Compensation alignment: Meissner’s officer role is funded by the Adviser (Nuveen/TIAA), not by the Fund; absence of fund-paid compensation and performance-tied metrics limits pay-for-performance analysis and reduces direct alignment signals at the fund level .
- Ownership alignment: Individual officer ownership is not itemized; group beneficial ownership is <1% of outstanding, and group holdings in JLS are small (499 shares), implying limited “skin-in-the-game” at the fund level for officers .
- Retention/trading signals: With no disclosed equity award schedules or Form 4 activity available, there are minimal indicators of insider selling pressure or retention incentives from fund-paid structures; retention risk and incentives are primarily governed by Nuveen/TIAA corporate policies not disclosed in the fund proxy .
- Governance context: The unitary board structure centralizes oversight (investment, compliance/risk) and may buffer operational continuity regardless of officer turnover; however, it provides limited visibility into individual officer incentive design for investors seeking signal-rich compensation triggers .