Lisa King
About Lisa King
Lisa M. King is Vice President and Assistant Secretary of BNY Mellon Strategic Municipals, Inc. (NYSE: LEO) since 2024; age 57. She has served as Counsel at BNY since June 2023 and previously as Regulatory Administration Group Manager at BNY Mellon Asset Servicing from February 2016 to June 2023 . Officers of the Fund serve for an indefinite term until a successor is elected and qualified . Fund-level TSR, revenue, and EBITDA metrics tied to officer performance are not disclosed in the Fund’s proxy materials; financial context is provided below.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Mellon Asset Servicing | Regulatory Administration Group Manager | 2016–2023 | Led regulatory administration processes supporting registered funds; operational oversight and compliance administration |
| BNY Mellon | Counsel | 2023–present | Legal counsel supporting BNY Mellon funds; governance and regulatory compliance across 47–48 investment companies |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in Fund filings | — | — | No external public company directorships or committee roles disclosed in DEF 14A/N-CSRS for Lisa King |
Fixed Compensation
- Officer compensation is not detailed in the Fund’s DEF 14A; compensation sections cover Board members (Directors/Nominees) and not Fund officers .
- The Compensation Committee’s function is to establish compensation for serving on the Board; the Fund does not have bonus, pension, profit-sharing, or retirement plans for Directors .
Performance Compensation
- No disclosure of officer incentive structures, performance metrics (e.g., revenue growth, EBITDA, TSR, ESG), vesting schedules, or option/RSU awards for officers in DEF 14A .
- No clawbacks, ownership guidelines, or deferred compensation provisions for officers are disclosed in Fund filings .
Equity Ownership & Alignment
| Metric | Detail |
|---|---|
| Total beneficial ownership (Common Stock) | 0 shares as reported in Form 3 and proxy beneficial ownership tables |
| Officer share ownership status | As of April 10, 2025, none of the Fund’s officers owned any Common Stock or VMTP Shares ; similarly, as of April 10, 2024 none owned Fund shares |
| Section 16 compliance note | Lisa King’s Form 3 was not timely due to administrative oversight, later filed; delinquent Section 16(a) report disclosure noted in DEF 14A |
| Pledging/Hedging | No pledging/hedging disclosures related to officers are provided in DEF 14A |
| Ownership guidelines | No officer ownership guidelines or compliance status are disclosed in DEF 14A |
Employment Terms
| Term | Disclosure |
|---|---|
| Office term | Officers hold office for an indefinite term until a successor is elected and qualified |
| Current role start | Vice President and Assistant Secretary since 2024 |
| Employer | BNY Mellon (Counsel; legal function supporting Fund complex) |
| Contract length/auto-renewal | Not disclosed in Fund filings |
| Severance & Change-of-Control | Not disclosed for officers (no multiples, single/double-trigger, accelerated vesting terms provided) |
| Non-compete/Non-solicit/Garden leave | Not disclosed |
| Clawbacks/Tax gross-ups | Not disclosed |
| Perquisites | Not disclosed |
Fund Financial Context (for performance benchmarking)
| Metric | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|
| Net Income - (IS) ($USD) | -$10,270,178* | -$10,270,178* | —* | —* |
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Net Income - (IS) ($USD) | —* | $73,514,265* | —* |
Values retrieved from S&P Global.*
Investment Implications
- Alignment: Lisa King holds no Fund shares; officer ownership of LEO is disclosed as zero, indicating limited direct equity alignment—typical for closed-end funds where officers are employees of the adviser rather than the Fund itself .
- Selling Pressure: With zero beneficial ownership and no disclosed equity awards or vesting schedules for officers, insider selling pressure from Lisa King is negligible .
- Governance/Compliance: Officers serve indefinitely until successor election; no officer employment agreements, severance, or CoC economics are disclosed, limiting visibility into retention incentives and termination costs . A late Form 3 filing for Lisa King was attributed to administrative oversight; monitor Section 16 filings but treat as a minor process flag rather than a structural risk .
- Data Gaps: Compensation and performance incentive detail for officers are not provided in DEF 14A/N-CSRS; investors should focus on adviser-level policies and Fund performance drivers (e.g., portfolio positioning, leverage, discount management) rather than officer-specific pay-for-performance linkages given the Fund’s structure .