Kevin J. McCarthy
About Kevin J. McCarthy
Kevin J. McCarthy (year of birth: 1966) serves as Vice President and Assistant Secretary of Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) with an indefinite term and tenure since 2007; his business address is 333 West Wacker Drive, Chicago, IL 60606 . He concurrently holds senior legal and secretarial roles across Nuveen/TIAA affiliates, including Executive Vice President, Secretary and General Counsel of Nuveen Investments, Inc.; and Executive Vice President and Secretary roles at Nuveen Asset Management, Teachers Advisors, TIAA‑CREF Investment Management, and Nuveen Alternative Investments, with prior service as Co‑General Counsel of Nuveen Fund Advisors (2011–2020) and Associate General Counsel of Nuveen Asset Management (2011–2020) . SPXX proxies state the Funds have no employees and officers who are not Independent Board Members serve without compensation from the Funds; compensation for the CCO is paid by the Adviser, implying officer pay is set and disclosed at the Adviser level, not the Fund . Fund‑level TSR, revenue, and EBITDA metrics tied to Mr. McCarthy’s compensation are not disclosed in SPXX filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Investments, Inc. | Executive Vice President; Secretary and General Counsel | EVP current; Secretary & GC since 2016 | Senior legal leadership for Nuveen/TIAA fund complex |
| Nuveen Securities, LLC | Executive Vice President (2016–2017); Senior Managing Director (since 2017); Assistant Secretary (since 2008) | 2008–present | Legal/secretarial oversight of distribution entity |
| Nuveen Fund Advisors, LLC | Secretary (since 2016); Senior Managing Director (since 2017); Co‑General Counsel (2011–2020); Executive Vice President (2016–2017) | 2007–present | Governance and advisory legal leadership for Funds |
| Nuveen Asset Management, LLC | Secretary (since 2016); Associate General Counsel (2011–2020); Executive Vice President (2016–2017) | 2011–present | Legal leadership for asset management operations |
| Teachers Advisors, LLC | Executive Vice President; Secretary | Current | Legal/secretarial roles within TIAA complex |
| TIAA‑CREF Investment Management, LLC | Executive Vice President; Secretary | Current | Legal/secretarial roles within TIAA investment management |
| Nuveen Alternative Investments, LLC | Senior Managing Director (since 2017); Secretary (since 2016) | 2016–present | Legal/governance for alternatives platform |
| NWQ Investment Management Company, LLC | Vice President (2007–2021); Secretary (2016–2021) | 2007–2021 | Officer roles across affiliated managers |
| Santa Barbara Asset Management, LLC | Vice President (2007–2021); Secretary (2016–2021) | 2007–2021 | Officer roles across affiliated managers |
| Nuveen Investments Advisers, LLC | Senior Managing Director (since 2017); Secretary (since 2016) | 2016–present | Legal/secretarial roles across adviser entities |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Winslow Capital Management, LLC | Vice President and Secretary | Since 2010 | Officer roles supporting governance across affiliates |
Fixed Compensation
| Component | Disclosure in SPXX Filings | Notes |
|---|---|---|
| Base salary | Not disclosed | Funds have no employees; officers (not Independent Board Members) serve without compensation from the Funds. Compensation for CCO is paid by Adviser, indicating officer comp is at Adviser level . |
| Target/actual bonus | Not disclosed | No officer compensation details provided in SPXX proxies . |
| RSUs/PSUs/Options | Not disclosed | No equity award details for fund officers in SPXX proxies . |
| Perquisites | Not disclosed | No perquisite disclosure for fund officers . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for fund officers in SPXX proxies | — | — | — | — | — |
Equity Ownership & Alignment
- Board Member investments governance principle: each Board Member is expected to invest, directly or deferred, at least the equivalent of one year of compensation in the Nuveen fund complex .
- As of stated assessment dates, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund; individual officer holdings (including Mr. McCarthy) are not itemized in SPXX proxies .
- Historical tables show zero individual Fund share ownership entries for certain funds in earlier years; officer‑level detail for SPXX is not provided .
Employment Terms
| Term | Detail |
|---|---|
| Role at SPXX | Vice President and Assistant Secretary (indefinite term) |
| Length of Service | Since 2007 (officer in Nuveen fund complex) |
| Contract term/expiration | Not disclosed in SPXX proxies |
| Severance/change‑of‑control | Not disclosed for fund officers; no golden parachute terms disclosed |
| Clawbacks/gross‑ups | Not disclosed for fund officers |
| Non‑compete/non‑solicit | Not disclosed |
| Garden leave/consulting | Not disclosed |
| Address | 333 West Wacker Drive, Chicago, IL 60606 |
Investment Implications
- Pay‑for‑performance analysis for Mr. McCarthy cannot be performed from SPXX filings because fund officers are not compensated by the Funds and officer compensation is paid and presumably set by the Adviser; no salary/bonus/equity detail is disclosed in SPXX proxies .
- Insider selling pressure and vesting schedules are not applicable at the fund level for officers; no Form 4 reporting is typical for closed‑end fund officers tied to Adviser entities, and SPXX proxies provide no officer‑level ownership or pledging/hedging data .
- Tenure since 2007 and extensive legal/secretarial leadership across Nuveen/TIAA affiliates suggest continuity in governance and operations; however, execution/performance metrics linked to his compensation are not disclosed at the fund level, limiting direct alignment analysis from SPXX documents .
- Board‑level alignment policies exist (one‑year compensation investment expectation), but they apply to Independent Board Members; officer alignment is inferred through Adviser policies, which are not disclosed in SPXX proxies .