Michael G. Clarke
About Michael G. Clarke
Michael G. Clarke serves as Chief Financial Officer and Principal Financial Officer of Tri-Continental Corporation, roles he has held since 2009; he became Senior Vice President in 2019 and Treasurer and Chief Accounting Officer (Principal Accounting Officer) in 2024 (born 1969; address: 290 Congress Street, Boston, MA) . He is Senior Vice President and North America Head of Operations & Investor Services at Columbia Management Investment Advisers, LLC (CMIA) since June 2023 and a Member of CMIA’s Board of Governors since January 2024; he has been a senior officer of Columbia Funds and affiliated funds since 2002 . TY does not disclose officer pay metrics or TY-linked performance incentives—officers employed by the Manager are not compensated by the Corporation—so TSR, revenue, and EBITDA growth linkages for Clarke are not presented in TY’s proxy; as of December 31, 2024, directors and officers as a group beneficially owned less than 1% of TY common stock and held no preferred stock .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Columbia Management Investment Advisers, LLC | Senior VP & North America Head of Operations & Investor Services | Since Jun 2023 | Oversees North America Operations & Investor Services |
| Columbia Management Investment Advisers, LLC | Senior VP & Head of Global Operations & Investor Services | Mar 2022–Jun 2023 | Led Global Operations & Investor Services |
| Columbia Management Investment Advisers, LLC | VP, Head of North America Operations; Co-Head of Global Operations | Jun 2019–Feb 2022 | Led NA operations and co-led global operations |
| Columbia Management Investment Advisers, LLC | VP – Accounting & Tax | May 2010–May 2019 | Led accounting and tax functions |
| Columbia Funds & affiliated funds | Senior officer | Since 2002 | Senior officer across Columbia Funds complex |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Ameriprise Trust Company | Director | Since Jun 2023 | Board role at affiliate |
| Columbia Management Investment Services Corp. | Director | Since Sep 2024 | Director of services affiliate |
| Columbia Wanger Asset Management, LLC | Member, Board of Governors | Since Oct 2024 | Governance role at affiliate |
| Columbia Management Investment Advisers, LLC | Member, Board of Governors | Since Jan 2024 | Governance role at Manager |
| Ameriprise/Columbia subsidiaries (e.g., AMP, AEIS, FVRR, DOMO) | SEC Schedule 13G/13G-A signatory (SVP, NA Head Ops & Investor Services) | Nov 14, 2025 | Signed multiple filings as authorized signatory |
Fixed Compensation
- TY does not pay compensation to Directors or officers who are employees of the Manager or its affiliates (except a portion of the CCO’s compensation); accordingly, base salary, target bonus, actual bonus, and equity award details for CFO Michael G. Clarke are not disclosed in TY’s proxy .
Performance Compensation
- TY’s proxy does not disclose performance-metric-based compensation (e.g., RSUs/PSUs, options, revenue/EBITDA/TSR targets, vesting schedules) for officers employed by the Manager; no TY-linked incentive metrics or payouts for Clarke are presented .
Equity Ownership & Alignment
| Item | As of Dec 31, 2024 |
|---|---|
| Directors and officers as a group beneficial ownership of TY common | Less than 1% |
| Directors and officers preferred stock ownership | 0 (none held) |
- Individual officer ownership levels, pledging, hedging, and stock ownership guideline compliance for Clarke are not disclosed in TY’s proxy .
Employment Terms
- Officers are elected by the Board and “serve at the pleasure of the Board”; TY does not present employment contracts, severance, change-of-control, non-compete/non-solicit, garden leave, or consulting arrangements for Clarke .
- Clarke’s officer roles at TY: CFO & Principal Financial Officer (since 2009), Senior Vice President (since 2019), Treasurer & Chief Accounting Officer (Principal Accounting Officer) (since 2024) .
Investment Implications
- Pay-for-performance transparency at the issuer level is limited: as TY does not compensate Manager-employed officers, the proxy provides no salary/bonus/equity award disclosures or performance metric linkages for Clarke, reducing direct visibility into TY-linked incentives .
- Insider alignment appears modest: directors and officers as a group own less than 1% of TY’s common stock and hold no preferred stock, implying minimal insider selling pressure and few insider-driven trading catalysts tied to TY equity .
- Execution continuity is a positive: Clarke’s long tenure as CFO (since 2009) supports continuity in financial reporting and fund operations, though retention dynamics reside primarily within the Manager’s organization rather than TY itself .
- Monitoring focus: watch future proxies and any Item 5.02 8-Ks for changes in officer roles or disclosure practices; given the current structure, material governance signals at TY are more likely to arise via director elections, Board committee disclosures, and fund complex-level updates rather than officer pay design .