David J. Lamb
Chief Administrative Officer (Principal Executive Officer) at NUVEEN MASSACHUSETTS QUALITY MUNICIPAL INCOME FUND
Executive
About David J. Lamb
David J. Lamb is Chief Administrative Officer (Principal Executive Officer) of Nuveen Massachusetts Quality Municipal Income Fund (NMT), serving since 2015; he was born in 1963 and is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen . Officers receive no compensation from the Fund; compensation is paid by the Adviser (Nuveen/TIAA), and the Fund only reimburses an allocable portion of the Adviser’s cost of the Chief Compliance Officer’s incentive compensation . He signs NMT regulatory filings, including Form N‑PX and registration statements, in his capacity as Principal Executive Officer . The proxy does not disclose TSR or financial performance metrics tied to his compensation; governance oversight emphasizes fund operations, risk, and committee structure rather than officer pay-for-performance .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Various positions at Nuveen (prior roles not itemized) | Not disclosed | Administrative leadership supporting fund operations across the Nuveen fund complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Current (term indefinite) | Executive oversight of fund governance and administration across the complex |
| Nuveen Securities, LLC | Senior Managing Director | Current (term indefinite) | Supports distribution, compliance, and operations tied to the funds |
| Nuveen (parent) | Senior Managing Director | Current (term indefinite) | Enterprise-level leadership integrated with TIAA/Nuveen governance |
Fixed Compensation
- Officers receive no compensation from the Fund; compensation is paid by the Adviser (Nuveen/TIAA) .
- The Fund reimburses the Adviser for an allocable portion of the Adviser’s cost of the CCO’s incentive compensation; officer-level salary/bonus amounts for David Lamb are not disclosed in Fund filings .
Performance Compensation
- No officer performance metrics (e.g., revenue growth, EBITDA, TSR, ESG) or related payout/vesting schedules are disclosed in the Fund’s proxy statements; Independent Board Member compensation is structured as fixed retainers and committee chair/membership fees, not performance-based .
Equity Ownership & Alignment
| Metric | Value | Notes |
|---|---|---|
| Officers (as a group) beneficial ownership in NMT | 0 shares (0.00%) | As of Oct 22, 2025; individual officer holdings are not itemized |
| Board Members beneficial ownership in NMT | 0 shares each | As of Oct 22, 2025 |
| Shares Outstanding (Common) | 9,760,126 | As of Oct 22, 2025 |
| Principal Shareholder (>5%) | Gerald & Marilyn Fels: 1,200,000 shares (12.84%) | As of Oct 22, 2025 |
| Pledging/Hedging by Officers | Not disclosed | No pledging by officers disclosed in NMT proxy; board ownership guideline applies to Board Members only |
- Governance principle: Board Members are expected to invest at least the equivalent of one year of compensation in funds across the complex; this principle is not stated for officers .
Employment Terms
| Item | Disclosure |
|---|---|
| Title | Chief Administrative Officer (Principal Executive Officer) |
| Year of Birth | 1963 |
| Length of Service | Since 2015 (term indefinite) |
| Officer Elections | Officers are elected annually by the Board; serve without compensation from the Fund |
| Employment Contract, Severance, Change-of-Control | Not disclosed in Fund filings |
| Non-compete/Non-solicit/Garden Leave | Not disclosed in Fund filings |
Performance & Track Record
- Filings indicate Lamb’s role as Principal Executive Officer signing NMT’s regulatory documents (N‑PX and registration statements), evidencing ongoing operational accountability rather than disclosed pay-linked performance targets .
- The Closed-End Fund Committee oversees premiums/discounts, leverage, distribution data, and performance relative to peers/benchmarks at the fund level; no officer-specific targets/payouts are provided .
Board Governance (context)
- The Board operates a unitary structure across the Nuveen/TIAA fund complex with seven standing committees (Executive, Dividend, Audit, Compliance/Risk/Regulatory, Investment, Nominating & Governance, Closed-End Funds), all comprised of Independent Board Members; officers are not Board Members .
- Section 16(a)/30(h) compliance: The Fund reports full compliance with filing requirements by Board Members, officers, and affiliated persons in the last fiscal year .
Investment Implications
- Pay-for-performance analysis is not feasible at the Fund level: officer compensation is not paid or disclosed by NMT; it is determined by Nuveen/TIAA, with no visibility into salary, target bonus, equity awards, or clawbacks from Fund filings .
- Insider selling pressure appears limited: officers (as a group) hold zero NMT shares, and Board Members also report zero holdings; thus, there is minimal direct alignment via personal holdings at the Fund level, though Board Members maintain a governance principle to invest across the complex, not necessarily in NMT specifically .
- Retention and contract risk cannot be assessed from Fund documents: no employment agreements, severance, change-of-control, or restrictive covenant terms are disclosed for the CAO .
- Trading signals from insider activity are unavailable: the proxy notes Section 16 compliance but does not provide Form 4 transaction detail; no pledging/hedging disclosures for officers are provided .
- Overall, governance oversight is robust at the Board level, but officer incentive alignment and event-driven compensation economics reside at the Adviser (Nuveen/TIAA) and are not observable in NMT’s filings—limiting the ability to derive compensation-linked trading signals from Fund documents alone .