Mark Winget
About Mark Winget
Mark L. Winget serves as Vice President and Secretary of Nuveen Multi-Market Income Fund (JMM), with an indefinite term and service since 2008; he was born in 1968 and is based at 333 West Wacker Drive, Chicago, IL . His responsibilities reflect legal and corporate secretary functions across Nuveen/TIAA affiliates, including Assistant Secretary and Associate General Counsel roles, and he signs SEC fund filings in his officer capacity (e.g., 8-K and shareholder reports) . Fund documents do not disclose individual TSR or operating performance metrics tied to his role; as a closed-end fund, JMM’s officers are not compensated by the fund and performance pay structures are not applicable at the fund level .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen Multi-Market Income Fund (JMM) | Vice President and Secretary | Since 2008 | Officer role overseeing fund governance and secretary duties (per title) |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Past 5 years | Legal/secretary capacity indicated by title |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years | Legal/secretary capacity indicated by title |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Legal counsel and secretary functions |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Legal counsel and secretary functions |
| Nuveen Asset Management, LLC | Vice President and Associate General Counsel | Past 5 years | Legal counsel supporting fund complex |
External Roles
No external public-company directorships or committee roles are disclosed for Mark L. Winget in the fund’s proxy or officer listings .
Fixed Compensation
- The Funds have no employees; officers serve without any compensation from the Funds. Compensation (e.g., for the CCO) is paid by the Adviser, with the Funds only reimbursing an allocable portion of the Adviser’s incentive compensation cost. No base salary, bonus, or officer cash compensation is disclosed at the fund level for Mark L. Winget .
Performance Compensation
- No stock awards, RSUs/PSUs, options, vesting schedules, performance metrics, clawbacks, severance, change-of-control, or tax gross-ups are disclosed for fund officers; such compensation structures are not applicable at the closed-end fund level where officers are not fund employees .
Equity Ownership & Alignment
| Metric | Value |
|---|---|
| JMM common shares outstanding (record date Feb 18, 2025) | 9,462,350 |
| Beneficial ownership by Board Members and executive officers as a group (each Fund) | Less than 1% of outstanding shares (as of Feb 18, 2025) |
| Individual beneficial ownership detail for Mark L. Winget | Not disclosed in proxy; officers included only in group aggregation |
| Shares pledged as collateral | Not disclosed in proxy materials |
| Stock ownership guidelines (Board) | Board Members expected to invest at least one year of compensation in funds in the complex |
| Stock ownership guidelines (Officers) | Not disclosed; no officer-specific guidelines mentioned |
Note: Principal shareholders in JMM include Sit Investment Associates, Inc. (56.63% of common shares) and 1607 Capital Partners, LLC (5.45%), indicating concentrated ownership dynamics at the fund level .
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President and Secretary |
| Age (Year of Birth) | 1968 |
| Address | 333 West Wacker Drive, Chicago, IL 60606 |
| Term of office | Indefinite; officers elected annually by the Board to serve until successors are elected and qualified |
| Length of time served | Since 2008 |
| Compensation from Fund | None; officers serve without fund-paid compensation |
| Employment contracts, severance, change-of-control | Not disclosed; no employment agreements specified in proxy |
| Clawbacks, non-compete, non-solicit, garden leave | Not disclosed in proxy |
| Section 16(a) filings | Fund reports compliance with applicable Section 16(a) requirements during the last fiscal year |
| Officer filing/signatory role | Signs filings (e.g., 8-K) as Vice President and Secretary; appears as signatory under POA on SEC forms for administrative filings |
Investment Implications
- Pay-for-performance alignment: As fund officers receive no compensation from JMM and equity awards are not disclosed, there is minimal direct pay-for-performance alignment at the fund level for Mark Winget; governance emphasis remains on board oversight rather than officer incentives .
- Retention risk: Low—his long tenure since 2008 in a cross-complex legal/secretary capacity and indefinite term elected annually by the Board suggest institutional continuity rather than employment-cycle risk .
- Insider selling pressure: Limited—no personal Form 4 transactions are disclosed for Mark Winget; his name appears primarily as an authorized signatory under POA on SEC forms in his corporate secretary capacity, and Section 16(a) compliance is affirmed for officers as a group .
- Ownership alignment and pledging: Officer/Board group beneficial ownership is <1% for each Fund, implying low direct ownership alignment and low pledging risk disclosure in the proxy; alignment for independent trustees is supported by a governance principle to invest the equivalent of one year’s compensation, not applied to officers .
- Trading signals: Fund-level concentration is high (Sit Investment Associates holds 56.63% of JMM), which can influence discount/premium dynamics and activism potential; officer actions are unlikely to be trading catalysts compared to large holder behavior and board-level governance processes .