Carrie R. Schoffman
About Carrie R. Schoffman
Independent director of Tortoise Energy Infrastructure Corp. (TYG) since July 15, 2025; born 1973. A career CPA (designation since 1997) with deep fund governance, compliance, and finance experience, including roles at PwC, the SEC, ICON Funds/ICON Advisers, and as owner of CPA Concierge Services, LLC. She is designated by the Board as an “audit committee financial expert,” and serves on boards across the Tortoise fund complex and other registered funds .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| CPA Concierge Services, LLC | Owner | 2020–present | Independent tax and accounting practice; governance skillset in compliance and financial reporting |
| Bree Beers & Associates, PC | Tax Accountant | 2017–2020 | Hands-on tax expertise supporting audit/valuation oversight |
| ICON Funds | CCO, Principal Financial Officer, Treasurer | 2004–2017 | Led fund compliance and finance; relevant for audit committee rigor |
| ICON Advisers, Inc. | CCO, Senior Vice President | 2004–2017 | Oversight of adviser compliance; cross-functional governance experience |
| U.S. Securities and Exchange Commission | Staff Accountant | 2003–2004 | SEC regulatory experience; informs governance and disclosure oversight |
| PricewaterhouseCoopers LLP | Experienced Manager/Senior/Staff | 1996–2003 | Public accounting and controls foundation |
External Roles
| Organization | Role | Status/Notes |
|---|---|---|
| Tortoise Capital Series Trust | Director | Listed among “Other Public Company Directorships Held” |
| 83 Investment Group Income Fund | Director | Listed among “Other Public Company Directorships Held” |
| Beacon Pointe Multi-Alternative Fund | Director | Listed among “Other Public Company Directorships Held” |
| Booster Income Opportunities Fund | Director | Listed among “Other Public Company Directorships Held” |
| Private Debt & Income Fund | Director | Listed among “Other Public Company Directorships Held” |
Board Governance
- Independence: The Board and its standing committees (Audit and Valuation, Nominating and Governance, Compliance) are composed of independent directors under NYSE listing standards and the 1940 Act; Schoffman is categorized as an Independent Director .
- Committee expertise: The Board has determined that Conrad S. Ciccotello and Carrie R. Schoffman are each an “audit committee financial expert.” The Audit and Valuation Committee operates under a written charter; members are independent .
- Committee structure and leadership: Standing committees include Executive (Florence, Ciccotello), Audit and Valuation, Nominating and Governance, Compliance. Lead Independent Director: Conrad S. Ciccotello; independent directors meet regularly outside management and are advised by independent counsel .
- Engagement: FY2024 committee activity—Audit and Valuation Committee held 5 meetings; Compliance Committee held 2; Executive Committee held 0; Nominating and Governance Committee held 2 .
| Committee Meeting Activity (FY2024) | Count |
|---|---|
| Audit and Valuation Committee meetings | 5 |
| Compliance Committee meetings | 2 |
| Executive Committee meetings | 0 |
| Nominating and Governance Committee meetings | 2 |
Fixed Compensation
TYG director pay structure (FY2025) for independent directors (cash-based):
- Annual Board retainer: $60,000 (TYG); TEAF: $20,000
- Lead Independent Director retainer: $7,500 (TYG); TEAF: $2,500
- Audit and Valuation Committee Chair retainer: $7,500 (TYG); TEAF: $2,500
- Other Committee Chair retainer: $7,500 (TYG); TEAF: $2,500
- Meeting fees: $1,000 per in-person Board meeting; $500 per telephonic Board meeting; $500 per committee meeting (in-person or telephonic)
- Deferred comp: “No amounts have been deferred” for persons listed
- Pension/retirement: None; the Companies have no retirement or pension plans
| Component | TYG Amount | Notes |
|---|---|---|
| Annual Board Retainer | $60,000 | Independent directors |
| Lead Independent Director Retainer | $7,500 | Applies to LID |
| Audit & Valuation Committee Chair Retainer | $7,500 | Committee chair premium |
| Other Committee Chair Retainer | $7,500 | Committee chair premium |
| Board Meeting (in-person) | $1,000 per meeting | Cash fee |
| Board Meeting (telephonic) | $500 per meeting | Cash fee |
| Committee Meeting (in-person/telephonic) | $500 per meeting | Cash fee |
| Deferred Compensation | None | Not deferred |
| Pension/Retirement | None | No plans |
Note: A separate N-14 filing outlines a different fee scale for “each Independent Director” at $15,000 retainer with $2,000/$1,000 chair premia and $1,000/$200/$200 meeting fees, but the DEF 14A explicitly sets TYG’s retainer and fee schedule shown above .
Performance Compensation
- Equity awards (RSUs/PSUs), options, performance metrics tied to director pay: Not disclosed in reviewed filings; compensation description focuses on cash retainers and meeting fees .
- Severance/COC, clawbacks, tax gross-ups, deferred comp elections: Not disclosed; filings state no pension/retirement and no deferred amounts for listed persons .
| Item | Disclosure |
|---|---|
| Stock/Option awards | Not disclosed; compensation described as cash retainers/fees |
| Performance metrics (TSR/EBITDA/ESG) | Not disclosed |
| Severance/Change-of-control | Not disclosed |
| Clawback provisions | Not disclosed |
| Tax gross-ups | Not disclosed |
| Deferred comp | “No amounts have been deferred” |
| Pension/SERP | None; no retirement/pension plans |
Other Directorships & Interlocks
| Company/Vehicle | Role | Potential Interlock |
|---|---|---|
| Tortoise Capital Series Trust | Director | Affiliated fund within Adviser complex |
| 83 Investment Group Income Fund | Director | Registered fund directorship |
| Beacon Pointe Multi-Alternative Fund | Director | Registered fund directorship |
| Booster Income Opportunities Fund | Director | Registered fund directorship |
| Private Debt & Income Fund | Director | Registered fund directorship |
Expertise & Qualifications
- CPA since 1997; member of Colorado Society of CPAs and AICPA .
- SEC Staff Accountant experience; PwC public accounting background .
- Senior fund governance roles (CCO, PFO, Treasurer) at ICON funds and adviser; practical compliance and financial reporting expertise .
- Designated audit committee financial expert by the Board—supports audit/valuation oversight quality .
Equity Ownership
As of her appointment and subsequent Form 3, Schoffman reported no TYG securities beneficially owned; the N-14 also shows “None” in aggregate dollar range of Company holdings for her as of May 31, 2025.
| Date/Source | Title of Security | Amount | Ownership Form | Notes |
|---|---|---|---|---|
| May 31, 2025 (N-14) | TYG securities | None | — | Aggregate dollar range: None |
| Event date 07/11/2025; filed 10/16/2025 (Form 3) | All classes | None | — | Initial statement as Director: “No securities are beneficially owned.” |
Insider trades
| Form | Filing Date | Relationship | Key Disclosure |
|---|---|---|---|
| Form 3 | 10/16/2025 | Director | Initial statement; no securities beneficially owned; event date 07/11/2025 |
Governance Assessment
- Positives: Independent director with strong compliance/finance credentials; designated audit committee financial expert—supports effective oversight of audit, valuation, and controls . Board leadership includes a Lead Independent Director and regular executive sessions of independents, with independent counsel support—favorable for board effectiveness .
- Alignment signals: TYG director pay is cash-only per DEF 14A, with transparent retainers/fees; no deferred comp or pension plans—lower embedded entitlements .
- Watch items and potential red flags:
- No personal TYG share ownership as of appointment and Form 3—near-term “skin-in-the-game” is limited; monitor future purchases or ownership policy compliance if applicable .
- Multiple fund directorships may increase time-commitment risk; however, her fund governance background mitigates some bandwidth concerns .
- Committee attendance for FY2024 predates her tenure; ensure ongoing attendance/engagement tracked in subsequent proxies (not disclosed yet) .
- Conflicts/related-party exposure: Reviewed filings describe committee independence and do not disclose related-party transactions involving Schoffman; continue monitoring future proxies/8-Ks for any updates .