Jill Kerschen
About Jill Kerschen
Vice President and Treasurer of SRH Total Return Fund, Inc. (STEW) since 2021; birth year 1975. Currently Director of Fund Administration at Paralel (the Fund’s administrator/adviser affiliate), with prior roles at ALPS Advisors (Vice President, 2019–2021) and ALPS Fund Services (Vice President and Fund Controller, 2013–2019) . Fund-level executive compensation for officers is not paid by the Fund; officers may be compensated by Paralel or the sub-adviser, so no Fund-based pay-for-performance disclosures apply . Performance metrics such as TSR, revenue, EBITDA growth, and executive-specific KPIs were not disclosed in the DEF 14A filings reviewed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Paralel (Fund Administration) | Director of Fund Administration | Since 2021 | Not disclosed in proxy |
| ALPS Advisors, Inc. | Vice President | 2019–2021 | Not disclosed in proxy |
| ALPS Fund Services, Inc. | Vice President; Fund Controller | 2013–2019 | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | — |
Fixed Compensation
- The Fund states: “No persons (other than the Independent Directors) currently receive compensation from the Fund for acting as a Director or officer”; officers may receive compensation from Paralel or the Sub-Adviser (SRH in 2025; RMA in 2023–2024) .
Performance Compensation
- No bonus plans, equity incentive plans, option awards, performance metrics, targets, payouts, or vesting schedules for Fund officers are disclosed in the DEF 14A filings reviewed .
Equity Ownership & Alignment
| Metric | FY 2023 Record Date | FY 2024 Record Date | FY 2025 Record Date |
|---|---|---|---|
| Shares beneficially owned (J. Kerschen) | — (none reported) | — (none reported) | — (none reported) |
| Ownership as % of shares outstanding | <1% (none reported) | <1% (none reported) | <1% (none reported) |
| Shares pledged as collateral | Not disclosed | ||
| Stock ownership guidelines | Not disclosed | ||
| Compliance with guidelines | Not disclosed | ||
| Section 16(a) reporting status | Fund states all applicable persons complied in prior fiscal year |
Context: Shares outstanding were 97,125,544 (FY 2023 record date), 96,506,006 (FY 2024), and 96,441,500 (FY 2025) .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer positions | Vice President; Treasurer |
| Start date at Fund | Since 2021 |
| Election/term | Officers are elected annually and hold office until successors are elected |
| Employer affiliation | Paralel (Director of Fund Administration) |
| Severance provisions | Not disclosed in DEF 14A |
| Change-of-control terms | Not disclosed in DEF 14A; Fund has no compensation committee |
| Clawback provisions | Not disclosed |
| Non-compete / non-solicit | Not disclosed |
| Garden leave / consulting | Not disclosed |
Board Governance (context; Jill is not a director)
- Fund board has Audit, Nominating, and Qualified Legal Compliance Committees; no Compensation Committee .
- Lead Independent Director in place; Audit Committee fully independent; QLCC functions integrated with Audit Committee .
Investment Implications
- Pay-for-performance analysis at the Fund level is not applicable to officers: STEW does not pay officers; any compensation is via Paralel/Sub-Adviser, with no disclosure of salary, bonus, or equity awards—limiting assessment of direct Fund-aligned incentives for Jill .
- No beneficial ownership reported for Jill across 2023–2025 record dates, suggesting limited direct “skin-in-the-game” alignment at the Fund level; no pledging or guideline disclosures to offset this .
- Governance structure (no compensation committee; officers elected annually) and lack of severance/CoC disclosures reduce visibility on retention economics and insider selling pressure risk at the Fund level; key levers likely reside in Paralel employment terms, which are not disclosed in the proxy .
- Section 16(a) compliance is affirmed at the Fund level in each proxy year, indicating timely reporting discipline among covered persons, though it does not inform incentive design or alignment .