John M. McGovern
About John M. McGovern
John M. McGovern (born 1970) serves as Treasurer and Principal Financial and Accounting Officer of NBH, a role he has held since 2005; he is a Managing Director at Neuberger Berman (since 2022) and has been employed by NBIA/Neuberger Berman since 1993, previously serving as Senior Vice President (2007–2021), Vice President (2004–2006), and Assistant Treasurer (2002–2005) . Fund proxies for NBH do not disclose executive-specific TSR, revenue, or EBITDA metrics tied to McGovern’s performance; the Board and Audit Committee oversee fund accounting, valuation, and compliance rather than publishing officer performance scorecards .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NBH (Neuberger Berman Municipal Fund Inc.) | Treasurer & Principal Financial and Accounting Officer | 2005–present | Principal financial and accounting officer across NBH and other NB funds; accountable for financial reporting integrity and control environment . |
| Neuberger Berman / NBIA | Managing Director | 2022–present | Senior finance leadership supporting registered funds’ treasury and reporting functions . |
| Neuberger Berman / NBIA | Senior Vice President | 2007–2021 | Oversight of fund treasury operations and financial reporting across multiple registered investment companies . |
| Neuberger Berman | Vice President | 2004–2006 | Finance leadership within fund administration prior to promotion to SVP . |
| NB fund complex | Assistant Treasurer | 2002–2005 | Assistant Treasurer across NB closed-end funds; foundational role in fund financial operations . |
External Roles
No external board or employment roles are disclosed for McGovern in NBH proxy filings; principal occupation reflects Neuberger Berman/NBIA positions .
Fixed Compensation
- Officers who are directors, officers, or employees of NBIA (including McGovern) serve without any compensation from NBH; compensation is paid by NBIA and not disclosed in NBH proxies .
- The Boards do not maintain a standing compensation committee for officers; Governance and Nominating Committees address Independent Director compensation only, not NBIA-paid officer compensation .
Performance Compensation
- No disclosure of NBIA-paid bonus targets, PSU/RSU awards, option grants, vesting schedules, or performance metrics for McGovern in NBH proxy materials; NBH does not compensate officers and therefore does not report officer incentive plans .
- No clawback provisions, severance multiples, change‑of‑control triggers, tax gross‑ups, or deferred compensation terms are disclosed for McGovern at the fund level .
Equity Ownership & Alignment
| Metric | Apr 23, 2025 | May 31, 2025 | |---|---|---|---| | Shares Outstanding (NBH Common) | 29,618,059 | | | McGovern NBH Share Ownership | | None (principal financial officer owns no fund shares) | | Ownership % of Outstanding | | 0.00% (calculated from None owned and 29,618,059 shares outstanding) |
- Code of Ethics restricts personal securities transactions, including transactions in fund shares, for employees, officers, and directors—limiting hedging/pledging behaviors; no specific pledging by McGovern is disclosed .
- Stock ownership guidelines or compliance status for officers are not disclosed in NBH proxies; directors’ dollar ranges are disclosed, but not applicable to officers .
Employment Terms
- Officers are appointed by Directors and serve at the pleasure of the Board; they hold office until a successor is elected and qualified or earlier death, inability to serve, or resignation, and may be removed at any time with or without cause .
- Contract term length, non‑compete/non‑solicit, garden leave, post‑termination consulting, severance, and change‑of‑control economics are not disclosed for McGovern at the fund level .
Performance & Track Record
- Tenure: McGovern has served as NBH’s Treasurer and Principal Financial and Accounting Officer since 2005 and has been with NBIA/Neuberger Berman since 1993—indicating deep institutional knowledge and continuity in fund financial stewardship .
- Governance context: The Audit Committee (all Independent Directors) oversees financial reporting, internal controls over financial reporting, fair value determinations, and auditor independence; committees met frequently in fiscal 2024 (e.g., Audit 7x), framing the environment in which McGovern executes as PFO .
- NBH stock performance during McGovern’s tenure is not presented in proxies; fund boards manage discount mitigation and leverage structures but do not attribute NAV/TSR outcomes to individual officers in filings .
Investment Implications
- Compensation alignment: McGovern receives no NBH‑paid compensation, and NBIA compensation is not disclosed—limiting pay‑for‑performance transparency at the fund level. This is standard for registered investment companies where officers are adviser employees, but it constrains granular analysis of bonus metrics, equity grants, and vesting pressures .
- Retention risk: Long tenure (since 1993 at NBIA; PFO since 2005) and senior title suggest low near‑term voluntary departure risk; however, officers serve at the pleasure of the Board without disclosed severance/change‑of‑control protections at the fund level—implying limited termination economics for NBH roles .
- Trading signals: Principal financial officer ownership is disclosed as “none,” and the Code of Ethics restricts transactions in fund shares; no Form 4 activity is available in NBH proxies—reducing insider‑selling pressure indicators at the fund level .
- Governance quality: Robust committee oversight of financial reporting and valuation, plus frequent committee meetings, supports disciplined controls—beneficial for closed‑end fund investors but not a direct indicator of McGovern’s personal incentive alignment due to lack of NBIA compensation disclosure .