Denere Poulack
Assistant Vice President, Assistant Clerk, and Assistant Treasurer at PUTNAM PREMIER INCOME TRUST
Executive
About Denere Poulack
Denere P. Poulack (born 1968) serves as Assistant Vice President, Assistant Clerk, and Assistant Treasurer to The Putnam Funds, including Putnam Premier Income Trust (PPT), and has served in these officer roles since 2004; these officers are members of the Trustees’ independent administrative staff, with compensation fixed by the Trustees and reimbursed to Franklin Advisers by the funds . Officers’ addresses are listed as 100 Federal Street, Boston, MA 02110 . The fund reports that all Section 16(a) filing requirements applicable to fund officers and trustees were complied with during the most recent fiscal year .
Fund scale (context)
| Metric | FY 2024 |
|---|---|
| Putnam Premier Income Trust Net Assets ($) | $360,158,654.72 |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| The Putnam Funds | Assistant Vice President; Assistant Clerk; Assistant Treasurer | Since 2004 | Not disclosed in proxy |
Proxy footnote notes prior positions and/or officer appointments with the fund’s investment adviser were omitted .
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| None disclosed in DEF 14A | — | — | — |
Fixed Compensation
| Component | Detail |
|---|---|
| Compensation determination | Compensation for officers on the Trustees’ independent administrative staff is fixed by the Trustees and reimbursed to Franklin Advisers by the funds . |
| Base salary | Not disclosed in proxy . |
| Target bonus % | Not disclosed in proxy . |
| Actual bonus paid | Not disclosed in proxy . |
Performance Compensation
| Incentive type | Performance metrics | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Not disclosed for fund officers in DEF 14A | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Section 16(a) reporting | Fund believes all officers/trustees complied with Section 16(a) filing requirements in the most recent fiscal year . |
| Total beneficial ownership (shares) | Not disclosed for officers in DEF 14A . |
| Vested vs unvested breakdown | Not disclosed . |
| Options/RSUs outstanding | Not disclosed . |
| Shares pledged as collateral | Not disclosed . |
| Stock ownership guidelines (officers) | Not disclosed . |
Employment Terms
| Term element | Detail |
|---|---|
| Term length | Indefinite term; each officer serves until resignation, retirement, death, or removal . |
| Start date in current role | Since 2004 . |
| Contract expiration | Not disclosed . |
| Non-compete | Not disclosed . |
| Non-solicit | Not disclosed . |
| Garden leave | Not disclosed . |
| Severance provisions | Not disclosed . |
| Change-of-control economics | Not disclosed . |
| Clawback provisions | Not disclosed . |
Investment Implications
- Compensation is established by Trustees and reimbursed to Franklin Advisers with no disclosure of performance-linked metrics or equity awards for fund officers, limiting the ability to assess pay-for-performance alignment or potential vesting-related selling pressure from officer incentives .
- Long-serving officer since 2004 indicates institutional continuity in fund administrative functions; however, employment economics (severance, change-of-control, clawbacks) are not disclosed, constraining retention risk analysis .
- Insider trading/ownership transparency: the fund reports Section 16(a) compliance, but officer-level beneficial ownership, pledging, and hedging details are not provided in the proxy, limiting trading signal assessment from officer activity .