J. Phillip Holloman
About J. Phillip Holloman
Independent director of BlackRock MuniYield New York Quality Fund, Inc. (MYN) since 2021; born 1955. Currently Interim Executive Chairman, President and CEO of Vestis Corporation (uniforms and facilities services); formerly President and COO of Cintas Corporation (2008–2018). Oversees 66 registered investment companies consisting of 101 portfolios within the BlackRock Fixed-Income Complex; listed as an Independent Board Member (the Board has 10 members, 8 independent) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cintas Corporation | President & Chief Operating Officer | 2008–2018 | Not disclosed |
| BlackRock Fixed-Income Complex Boards | Independent Board Member | Since 2021 | Not disclosed |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Vestis Corporation | Interim Executive Chairman, President & CEO | Since 2025 | Public company directorship: Vestis (uniforms and facilities services) |
Board Governance
- Independence: Holloman is listed among Independent Board Members; the Board comprises 10 members, 8 independent .
- Board leadership: Chair—R. Glenn Hubbard (Independent); Vice Chair—W. Carl Kester (Independent) .
- Independent support: Counsel to Independent Board Members is Stradley Ronon Stevens & Young, LLP .
- Committee assignments and attendance: Not disclosed in this proxy.
Fixed Compensation
- Director cash retainer, committee fees, and meeting fees: Not disclosed in this proxy.
Performance Compensation
- Equity awards, options, performance metrics, vesting, clawbacks, and change-in-control terms for directors: Not disclosed in this proxy.
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict |
|---|---|---|
| Vestis Corporation | Interim Executive Chairman, President & CEO; public company director | No related-party transactions with MYN disclosed; Independent Board Members and immediate family did not beneficially own securities of BlackRock or its affiliates, nor have material interests in transactions with the Funds in the past two years . |
Expertise & Qualifications
- Senior operational and CEO-level leadership in large-scale services businesses (Cintas; Vestis), relevant to oversight of leveraged, income-focused strategies in a regulated fund context .
- Oversight experience across 66 RICs/101 portfolios in the BlackRock Fixed-Income Complex .
Equity Ownership
| Holder | MHN Common Shares (Dollar Range) | BNY Common Shares (Dollar Range) | MYN Common Shares (Dollar Range) | Supervised Funds Aggregate Dollar Range |
|---|---|---|---|---|
| J. Phillip Holloman | None | None | None | Over $100,000 (includes share equivalents under deferred compensation plans in Supervised Funds) |
| Officers & Board (group) | <1% of common shares; none of VRDP Shares outstanding (as of July 31, 2025) | — | — | — |
| 5% beneficial owners (context) | — | — | Karpus Investment Management: 2,017,756 MYN common shares (5.27%) | — |
Governance Assessment
- Positives:
- Independent director with independent Board leadership (Chair/Vice Chair), and independent counsel support—strengthens board effectiveness .
- No beneficial ownership by Independent Board Members (or immediate family) in BlackRock or affiliates; no material related-party transactions disclosed—reduces conflict risk .
- Potential concerns and signals to monitor:
- Limited direct ownership alignment in MYN, MHN, and BNY (None reported), and group ownership <1%—may reduce “skin-in-the-game” alignment at the fund level .
- Concurrent executive responsibilities at Vestis (Interim Executive Chairman, President & CEO) could present time-commitment considerations; attendance data is not disclosed in this proxy .
- Shareholder concentration: Karpus at 5.27% in MYN may influence governance dynamics; monitor activist or tender program impacts .
- Disclosure gaps:
- Committee assignments, chair roles, attendance rates, and director fee structures are not provided in this special proxy; review the Funds’ regular annual meeting proxy materials and reports for those details (not included here).
No red flags identified in this proxy regarding related-party transactions, pledging, hedging, or option repricing for directors; independence and conflict disclosures are clean as of the stated dates .