Robert Salviolo
About Robert Salviolo
Assistant Treasurer at BNY Mellon Strategic Municipals, Inc. (LEO) since 2012; age 58; principal occupation is Senior Accounting Manager at BNY Mellon Fund Administration, serving as an officer across 48 investment companies (106 portfolios) managed by the Investment Adviser or an affiliate . Officers hold office for an indefinite term until a successor is elected and qualified . As of April 10, 2025, none of the Fund’s officers (including Salviolo) owned any Common Stock or VMTP Shares of LEO . The Fund’s Compensation Committee establishes compensation for serving on the Board (director compensation only); the proxy does not disclose officer compensation metrics or TSR/financial performance measures tied to officer pay, and the Fund does not have a bonus, pension, profit-sharing or retirement plan .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Mellon Fund Administration | Senior Accounting Manager | Assistant Treasurer (2012–present) | Officer of 48 investment companies (106 portfolios) managed by the Investment Adviser or affiliate |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in proxy materials | — | — | — |
Fixed Compensation
- The Compensation Committee’s function is to establish appropriate compensation for serving on the Board; the proxy provides director compensation detail only and does not include officer salary/bonus disclosures .
- The Fund does not have a bonus, pension, profit-sharing or retirement plan .
Performance Compensation
- No RSU/PSU/option award disclosures for Fund officers are provided in the proxy; performance metrics (revenue, EBITDA, TSR) tied to officer compensation are not disclosed .
Equity Ownership & Alignment
| Metric | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Beneficial ownership by officers of Fund equity | None (Common Stock or APS) | None (Common Stock or APS) | None (Common Stock or VMTP Shares) | None (Common Stock or VMTP Shares) |
| Shares pledged as collateral | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Ownership guidelines (officers) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Employment Terms
| Attribute | Detail |
|---|---|
| Title | Assistant Treasurer |
| Start date / tenure | Since 2012 |
| Term | Indefinite term until successor elected and qualified |
| Address | 240 Greenwich Street, New York, NY 10286 |
Investment Implications
- Alignment and selling pressure: Zero reported beneficial ownership of Fund equity by officers removes typical insider-selling overhang; however, it also limits direct economic alignment with common shareholders .
- Pay-for-performance levers: Officer compensation structures are not disclosed in the proxy; the Compensation Committee governs director pay only, and the Fund lacks bonus/pension plans—suggesting no explicit officer performance pay levers available to evaluate from Fund disclosures .
- Retention risk: Officers serve indefinite terms and Robert Salviolo’s tenure since 2012 indicates stability; retention dynamics are primarily tied to employment with BNY Mellon Fund Administration rather than Fund-specific contracts, as no employment agreements/severance terms are disclosed by the Fund .
- Trading signals and governance context: Saba Capital Management owns 7.34% of LEO’s common stock as of April 10, 2025, reflecting potential activist influence on governance and capital allocation; this is Fund-level rather than officer-specific but relevant for shareholder outcomes .