John M. McGovern
Treasurer and Principal Financial and Accounting Officer at Neuberger Next Generation Connectivity Fund
Executive
About John M. McGovern
John M. McGovern (year of birth: 1970) serves as Treasurer and Principal Financial and Accounting Officer of NBXG, holding this role since NBXG’s inception in 2021; he has been an employee of Neuberger Berman Investment Advisers LLC (NBIA) since 1993 and was elevated to Managing Director at Neuberger Berman in 2022 after serving as Senior Vice President from 2007 to 2021 and Vice President from 2004 to 2006 . Officers of NBXG are appointed by the Board and serve at its pleasure; they may be removed at any time with or without cause . NBXG does not compensate officers who are employees of NBIA; officer pay (if any) is set and paid by NBIA and is not disclosed in NBXG’s proxy filings . Performance metrics such as TSR, revenue, or EBITDA growth tied to McGovern’s compensation are not disclosed by NBXG; NBXG’s proxies focus on fund governance and director compensation rather than officer pay plans .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Neuberger Berman | Managing Director | 2022–present | Senior finance/operations leadership within NBIA supporting multiple registered investment companies . |
| Neuberger Berman | Senior Vice President | 2007–2021 | Senior leadership, finance/administration across NBIA’s mutual/closed-end fund complex . |
| Neuberger Berman | Vice President | 2004–2006 | Finance/operations management in fund administration . |
| Neuberger Berman | Assistant Treasurer | 2002–2005 | Fund treasury support; financial controls and reporting . |
| NBXG | Treasurer and Principal Financial and Accounting Officer | Since 2021 | Principal corporate officer overseeing treasury, financial reporting, and controls for NBXG . |
| Other NB Registered Investment Companies | Treasurer and Principal Financial and Accounting Officer | Since 2005 (various funds) | Principal FAO across other Neuberger Berman funds (ten registered investment companies as of 2025) . |
External Roles
- None disclosed in NBXG proxy filings reviewed; officer biographies list NBIA/Neuberger Berman roles without external directorships for McGovern .
Fixed Compensation
| Component | Status | Detail |
|---|---|---|
| Compensation from NBXG ($) | Not paid | Officers who are employees of NBIA serve without any compensation from the Funds; NBXG pays $0 to officers . |
| Base Salary (NBIA) | Not disclosed | NBXG proxies do not disclose NBIA salary for McGovern . |
| Target Bonus % (NBIA) | Not disclosed | No target bonus details disclosed by NBXG . |
| Actual Bonus Paid (NBIA) | Not disclosed | Not included in NBXG filings . |
| Perquisites | Not disclosed | No officer perquisite disclosure in NBXG proxies . |
Performance Compensation
| Incentive Type | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| NBXG Equity/Option Awards | Not applicable | — | — | — | — | — |
| Notes | NBXG does not grant compensation to officers who are employees of NBIA; any NBIA incentives (RSUs/PSUs/options, metrics, vesting) are not disclosed in NBXG proxy filings . |
Equity Ownership & Alignment
| Item | Disclosure | Notes |
|---|---|---|
| Beneficial ownership (shares) | Not disclosed for officers | NBXG proxies present director ownership ranges; officer ownership tables are not provided . |
| Ownership as % of shares outstanding | Not disclosed | No officer-specific ownership percentages disclosed . |
| Vested vs. unvested shares | Not disclosed | No officer equity detail disclosed by NBXG . |
| Options (exercisable/unexercisable) | Not disclosed | No officer option detail disclosed by NBXG . |
| Shares pledged as collateral | Not disclosed | No pledging disclosure for officers in NBXG filings reviewed . |
| Stock ownership guidelines (officers) | Not disclosed | NBXG proxies do not state officer ownership guidelines . |
Employment Terms
| Term | Provision | Source |
|---|---|---|
| Appointment | Officers are appointed by the Directors and serve at the Board’s pleasure . | |
| Removal | Officers may be removed at any time, with or without cause . | |
| Current NBXG Role Start Date | Treasurer and Principal FAO since 2021 . | |
| Employment with NBIA | Employee since 1993 . | |
| Contract term/expiration | Not disclosed for officers | |
| Severance provisions | Not disclosed for officers | |
| Change-of-control provisions | Not disclosed for officers | |
| Clawbacks/tax gross-ups | Not disclosed for officers | |
| Non-compete/non-solicit/garden leave | Not disclosed for officers |
Investment Implications
- Pay-for-performance linkage at the Fund level is limited for McGovern: NBXG does not compensate officers who are employees of NBIA; any incentives driving McGovern’s behavior stem from NBIA’s compensation framework, which NBXG does not disclose .
- Retention risk appears low given long tenure at NBIA (since 1993) and continuous officer service across NBXG and other NB funds; continuity of the principal financial role is a stabilizing factor for fund operations .
- Trading signal visibility is constrained: NBXG’s proxies disclose director ownership but provide no officer ownership or pledging disclosures, limiting insight into officer-driven insider selling pressure or alignment via direct shareholding in NBXG .
- Governance structure places officers at-will under the Board, enabling swift changes if needed while not committing severance/change-of-control economics at the Fund level for officers; this reduces entrenchment risk but limits economic visibility for investors .