Mark Czarniecki
About Mark Czarniecki
Mark J. Czarniecki (year of birth: 1979) serves as Vice President and Assistant Secretary of Nuveen Credit Strategies Income Fund (JQC), with service since 2013; he is elected annually and serves until successors are elected and qualified . His principal occupations during the past five years include Managing Director and Associate General Counsel roles across Nuveen, Nuveen Securities, LLC, Nuveen Fund Advisors, LLC, Nuveen Asset Management, LLC, Teachers Advisors, LLC, and TIAA-CREF Investment Management, LLC . Officers receive no compensation from the Fund; compensation is paid by the Adviser (Nuveen Fund Advisors, LLC), with an example noted for the Chief Compliance Officer where the Fund reimburses an allocable portion of the Adviser’s incentive compensation cost, underscoring that officer pay is not disclosed at the fund level and is not linked to JQC-specific TSR/revenue/EBITDA metrics in proxy materials .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director and Associate General Counsel | Past 5 years (per proxy) | Not disclosed |
| Nuveen Securities, LLC | Managing Director and Assistant Secretary | Past 5 years (per proxy) | Not disclosed |
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Past 5 years (per proxy) | Not disclosed |
| Nuveen Asset Management, LLC | Managing Director, Assistant Secretary, Associate General Counsel | Past 5 years (per proxy) | Not disclosed |
| Teachers Advisors, LLC | Managing Director, Associate General Counsel, Assistant Secretary | Past 5 years (per proxy) | Not disclosed |
| TIAA-CREF Investment Management, LLC | Managing Director, Associate General Counsel, Assistant Secretary | Past 5 years (per proxy) | Not disclosed |
External Roles
No external public-company directorships or board committee roles are disclosed for Mark Czarniecki in the officer table of the proxy .
Fixed Compensation
- Officers receive no compensation from the Fund; compensation is paid by the Adviser (Nuveen Fund Advisors, LLC). Proxy materials do not disclose officer-level base salary, target bonus, or actual bonus for JQC officers .
- The CCO’s compensation (base + incentive) is paid by the Adviser; Funds reimburse an allocable portion of the Adviser's cost of the CCO’s incentive compensation, illustrating the adviser-paid framework rather than fund-paid officer compensation .
Performance Compensation
- No RSUs/PSUs, options, or performance metric-linked awards for Fund officers are disclosed in JQC’s proxy; officer compensation terms, vesting schedules, and metrics (e.g., revenue growth, EBITDA, TSR) are not provided at the fund level and are handled by the Adviser .
Equity Ownership & Alignment
| Item | As of Date | Value | Notes |
|---|---|---|---|
| Group beneficial ownership (Board Members and Officers as a Group) – Credit Strategies (JQC) shares | 12/31/2024 | 2,714 shares | Aggregate across Board Members/nominees and officers |
| Ownership as % of shares outstanding (each Board Member; group) | 02/18/2025 | <1% | Each Board Member individually <1%; Board Members and executive officers as a group <1% of outstanding shares |
| Individual officer holdings (including Mark J. Czarniecki) | 12/31/2024 | Not itemized | Appendix A provides board member-level ranges and shares; officers are shown only in group totals |
| Pledging/Hedging disclosure (officers) | 12/31/2024 | Not disclosed in proxy | Appendix A focuses on beneficial ownership ranges; no pledging/hedging detail for officers |
Section 16(a) compliance: The Funds state Board Members and officers complied with applicable Section 16(a) filing requirements during the last fiscal year, based on forms furnished to the Funds .
Employment Terms
| Term | Detail | Citation |
|---|---|---|
| Officer title | Vice President and Assistant Secretary | |
| Service length | Since 2013 | |
| Term | Indefinite; officers are elected annually to serve until successors are elected and qualified | |
| Employer of record | Nuveen entities (Nuveen; Nuveen Securities, LLC; Nuveen Fund Advisors, LLC; Nuveen Asset Management, LLC; Teachers Advisors, LLC; TIAA-CREF Investment Management, LLC) | |
| Compensation source | Officers receive no compensation from the Fund; compensation is paid by the Adviser | |
| Severance / change-of-control | Not disclosed for Fund officers in proxy | |
| Non-compete / non-solicit / garden leave | Not disclosed for Fund officers in proxy |
Investment Implications
- Pay-for-performance linkage to JQC is limited: officer compensation is adviser-paid and not disclosed at the fund level; proxy materials do not tie officer pay to JQC-specific TSR, revenue or EBITDA metrics, reducing direct alignment signals with JQC performance .
- Retention risk appears low: Czarniecki’s long tenure (since 2013) across legal and fund administration roles suggests institutional continuity within the Nuveen/TIAA complex .
- Insider selling pressure and alignment signals are minimal: group ownership across Board Members and officers in JQC is de minimis (<1%), and individual officer holdings are not itemized; no pledging disclosures are provided, limiting skin-in-the-game visibility and trading signal utility .
- Compliance/good governance indicator: the Funds report Section 16(a) compliance for Board Members and officers, indicating timely reporting of ownership changes and reducing governance red flags on disclosure practices .