William A. Siffermann
About William A. Siffermann
William A. Siffermann serves as a Vice President (fund officer) of Nuveen Massachusetts Quality Municipal Income Fund (NMT) and is a Managing Director at Nuveen; he has been an officer in the Nuveen fund complex since 2017 and was born in 1975 . Fund proxies make clear that officers receive no compensation from the Fund; they are elected by the Board on an annual basis and serve until successors are elected and qualified . The Nominating and Governance Committee disclosures list Mr. Siffermann as the Manager of Fund Board Relations for correspondence related to trustee nominations, indicating responsibility for board processes and governance communication . Performance metrics such as TSR, revenue, or EBITDA growth tied to officer pay are not disclosed at the fund level, and no officer-specific performance linkage is provided in NMT filings .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen | Managing Director | 2017–present | Senior executive; serves as fund officer (Vice President) for NMT; listed as contact for Fund Board Relations, supporting governance and nomination processes . |
| Nuveen | Senior Vice President | 2016–2017 | Progression to Managing Director, indicating increased leadership responsibility in fund operations/governance . |
| Nuveen | Vice President | 2011–2016 | Core management roles within Nuveen’s fund complex prior to SVP/MD promotions . |
External Roles
No external public company directorships or board roles for Mr. Siffermann are disclosed in NMT filings .
Fixed Compensation
- Officers receive no compensation from the Fund; officer compensation is not paid by NMT and is not itemized (salary/bonus) in NMT’s proxy .
- The Fund has no employees; the Chief Compliance Officer’s compensation is paid by the Adviser, with the Fund reimbursing an allocable portion of the Adviser’s CCO incentive compensation cost .
Performance Compensation
No fund-paid incentive plan, performance metrics (e.g., revenue, EBITDA, TSR), or equity incentive disclosures exist for officers in NMT filings; officers receive no compensation from the Fund .
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Initial beneficial ownership (Form 3) | No securities beneficially owned as of the initial statement filed 2017-08-11; relationship to issuer: Officer (Vice President) . |
| Subsequent insider transactions | Proxies and reviewed filings do not disclose officer ownership in NMT; no fund-level officer equity incentives are disclosed . |
Employment Terms
| Term | Disclosure |
|---|---|
| Officer role | Vice President of the Fund; Managing Director at Nuveen . |
| Term and election | Officers are elected by the Board on an annual basis and serve until successors are elected and qualified . |
| Length of service | Since 2017 (Nuveen fund complex officer tenure) . |
| Employment agreement with Fund | None disclosed; the Fund has no employees and officers are not compensated by the Fund . |
| Severance / change-of-control | Not disclosed for fund officers; no fund-level severance or change-of-control economics for officers are described . |
| Governance contact role | Listed as Manager of Fund Board Relations for nomination communications to the Nominating and Governance Committee . |
Investment Implications
- Pay-for-performance linkage: None at the fund level; officers receive no compensation from NMT, and the proxy does not tie officer compensation to Fund performance metrics (TSR/revenue/EBITDA), reducing direct pay alignment signals from fund filings .
- Insider trading/overhang: Form 3 shows no initial beneficial ownership; absent disclosed holdings and without fund-paid equity awards, insider selling pressure appears minimal for NMT from this officer .
- Retention risk: Officer roles are elected annually and are employed by Nuveen/TIAA rather than NMT; retention and compensation drivers reside at the Adviser, not the Fund, so Fund-level documents provide limited visibility into employment economics or severance protections .
- Governance continuity: His function as Manager of Fund Board Relations suggests ongoing involvement in board governance processes and nominations, which can support continuity of fund operations and governance efficacy .