David J. Lamb
About David J. Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) for Nuveen Missouri Quality Municipal Income Fund (NOM) and other Nuveen closed‑end funds; he is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen (year of birth: 1963; officer since 2015) . The funds disclose that officers receive no compensation from the funds and the CCO’s compensation is paid by the Adviser (Nuveen), with the funds reimbursing a portion of the CCO’s incentive compensation—no performance pay metrics for Mr. Lamb are provided at the fund level . As of the latest proxies, Board Members and executive officers as a group beneficially own less than 1% of outstanding shares, and individual fund‑level performance or TSR metrics tied to Mr. Lamb’s compensation are not disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Not disclosed | Executive oversight of fund administration |
| Nuveen Securities, LLC | Senior Managing Director | Not disclosed | Broker‑dealer and distribution oversight |
| Nuveen (parent) | Senior Managing Director | Not disclosed | Enterprise leadership across Nuveen/TIAA complex |
| Nuveen (various positions) | Various roles prior to current | Not disclosed | Progression through Nuveen leadership roles |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Complex (Fund Level) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 | Principal executive oversight of closed‑end fund operations |
Fixed Compensation
The funds state officers receive no compensation from the funds; compensation is paid by the Adviser (Nuveen). No base salary/bonus or cash compensation is disclosed at the fund level.
| Item | FY 2024 | FY 2025 |
|---|---|---|
| Fund‑paid officer compensation | Officers serve without any compensation from the funds | Officers serve without any compensation from the funds |
| CCO compensation treatment | Paid by Adviser; funds reimburse portion of incentive compensation | Paid by Adviser; funds reimburse portion of incentive compensation |
Performance Compensation
No fund‑level disclosure of performance metrics, weighting, targets, or payouts for Mr. Lamb (officers are Nuveen employees and compensated by the Adviser; the fund does not pay or disclose their variable compensation).
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed at fund level | — | — | — | — | — |
Equity Ownership & Alignment
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Individual holdings for David J. Lamb | Not disclosed in proxy appendices | Not disclosed in proxy appendices |
| Board Members & executive officers as a group – ownership of each Fund | <1% of outstanding shares | <1% of outstanding shares |
| Pledging/hedging by officers | Not disclosed | Not disclosed |
| Officer stock ownership guidelines | Not disclosed (board governance principle applies to Independent Board Members, not officers) |
Employment Terms
| Term | Detail |
|---|---|
| Title | Chief Administrative Officer (Principal Executive Officer) |
| Term length | Indefinite (officer elected annually by Board) |
| Length of service | Since 2015 |
| Employer | Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen |
| Severance/change‑of‑control | Not disclosed at the fund level |
| Non‑compete/non‑solicit | Not disclosed |
| Clawbacks | Not disclosed |
| Deferred compensation/pension | Not disclosed (fund officers not paid by the funds) |
Performance & Track Record
- Fund proxies outline board committee oversight of investment performance, valuation, compliance, and risk, but do not attribute fund TSR or financial outcomes to Mr. Lamb’s individual performance nor tie any executive compensation to fund metrics in NOM’s filings .
Compensation Committee Analysis (Context – Fund Governance)
- The funds operate a unitary Independent Board with standing committees (Audit; Compliance, Risk Management and Regulatory Oversight; Investment; Nominating and Governance; Dividend; Closed‑End Fund; Executive) overseeing performance, compliance, valuation, and distributions; committee composition and retainers are disclosed for Independent Board Members, not for fund officers .
- Independent Board Member compensation increased effective January 1, 2024 and again effective January 1, 2025; none of this applies to officers, who receive no fund compensation .
Risk Indicators & Red Flags
- Section 16(a)/1940 Act filing compliance: funds state Board Members and officers complied with applicable ownership reporting requirements during the last fiscal years .
- No disclosures of hedging/pledging by officers, repricing/modification of officer equity awards, or related‑party transactions involving Mr. Lamb at the fund level .
Investment Implications
- Compensation alignment: Mr. Lamb’s pay is determined by Nuveen (the Adviser) and is not fund‑paid or fund‑disclosed, reducing fund‑level visibility into pay‑for‑performance drivers (no disclosed TSR, AUM growth, or distribution coverage metrics tied to his compensation) .
- Retention risk appears low given tenure since 2015 and ongoing principal executive responsibilities across the Nuveen closed‑end complex .
- Trading signals are limited: officer‑level ownership in NOM is not disclosed; the group ownership of Board Members and executive officers is <1%, offering minimal insider alignment signal at the individual fund level .
- Governance is overseen by Independent Boards with detailed committee structures and expanded director retainers; while this strengthens oversight, it does not translate into officer compensation transparency for NOM investors .