Kasey L. Phillips
About Kasey L. Phillips
Kasey L. Phillips is the Treasurer (Principal Financial Officer and Accounting Officer) of MFS Government Markets Income Trust (MGF) and affiliated MFS closed-end funds; she is age 54 and an MFS Vice President . She has served as an officer since September 2012 and was Assistant Treasurer through March 2024 before becoming Treasurer; as Treasurer she provides SOX 302/906 certifications attesting to disclosure controls and fair presentation of financials . MGF’s officers are employees of Massachusetts Financial Services Company (MFS) and serve across the MFS family of funds; the Board oversees MFS’s administration of the Trusts .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| MFS Family of Funds (MFS closed-end funds including MGF) | Assistant Treasurer | Sep 2012 – Mar 2024 | Officer responsibilities across MFS fund complex; transitioned to Treasurer role thereafter |
| MFS Government Markets Income Trust (MGF) | Treasurer (PFO & Accounting Officer) | 2024 – Present | SOX 302 and 906 certifications; oversight of internal controls and financial reporting |
External Roles
No external directorships or public company board roles are disclosed for Phillips in the Trusts’ filings .
Fixed Compensation
- Officer compensation (base salary, bonus, equity) is not disclosed in the Trust’s proxy; officers are employees of MFS and serve across the MFS fund complex .
Performance Compensation
- No performance-based compensation metrics (revenue growth, EBITDA, TSR, ESG) tied to Phillips’s pay are disclosed in Trust filings .
Equity Ownership & Alignment
| Metric | FY 2024 | Jul 31, 2025 |
|---|---|---|
| Shares owned (beneficial) | 0 | 0 |
| Ownership % of MGF | N/A | 0.00% (0 owned; 32,590,193 common shares outstanding) |
| Shares pledged as collateral | Not reported | Not reported |
| Options/RSUs (exercisable/unexercisable) | Not reported | Not reported |
- A late Form 3 filing was made upon Phillips’s appointment as Treasurer due to an administrative oversight; she did not own Trust shares and no trading was involved .
Employment Terms
- Officers hold office until a successor is chosen and qualified, or until retirement, resignation, or removal; officers are MFS employees serving across 139 MFS funds (as of July 31, 2025) .
- No employment agreement, severance, or change-of-control terms are disclosed in Trust filings for Phillips .
Investment Implications
- Alignment/insider pressure: Zero beneficial ownership indicates no immediate insider selling pressure; pledging and hedging are not applicable given no reported holdings .
- Compensation transparency: As officers are MFS employees, compensation and incentive metrics are not reported at the Trust level, limiting pay-for-performance analysis from Trust filings .
- Controls and execution: Phillips’s SOX 302/906 certifications signal responsibility for internal controls and fair presentation—supportive of governance quality from a financial reporting standpoint .
- Retention: With a long tenure as an MFS fund officer (since 2012) and current service across the MFS complex, retention risk appears low based on disclosed role continuity; no severance/change-of-control economics are disclosed at the Trust level .