NBXG Sets July 17 Shareholder Meeting for Director Elections
Ticker: NBXG · Form: DEF 14A · Filed: Jun 13, 2025 · CIK: 1843181
Sentiment: neutral
Topics: Proxy Statement, Director Elections, Corporate Governance, Annual Meeting, Closed-End Fund, Neuberger Berman, Connectivity Fund
TL;DR
**NBXG's upcoming director elections are a routine governance check; expect no immediate market-moving news, but board stability is a long-term positive.**
AI Summary
Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) is holding a Joint Annual Meeting of Stockholders on July 17, 2025, at 2:00 p.m. Eastern Time at Neuberger Berman Investment Advisers LLC's New York offices. The primary agenda for NBXG stockholders is the election of four Class II Directors and three Class I Directors. Specifically, Michael J. Cosgrove, Deborah C. McLean, Paul M. Nakasone, and Ami G. Kaplan are nominated as Class II Directors, while Marc Gary, Martha C. Goss, and one additional unnamed individual are nominated as Class I Directors. These directors will serve until the annual meetings in 2028 and 2027, respectively, or until their successors are elected. The filing, a Definitive Proxy Statement (DEF 14A), indicates no fee was required for submission. This meeting is a routine governance event, focusing on board composition rather than immediate financial performance or strategic shifts. The company's previous name was Neuberger Berman 5G Connectivity Fund Inc., changed on January 28, 2021.
Why It Matters
This DEF 14A filing outlines the upcoming director elections for Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG), a critical governance event for investors. The composition of the board directly influences strategic oversight, risk management, and ultimately, shareholder value. For employees, a stable and experienced board provides leadership continuity. Customers benefit from consistent fund management and strategic direction. In the competitive asset management landscape, strong governance, as demonstrated by a well-structured board, can enhance investor confidence and differentiate NBXG from its peers.
Risk Assessment
Risk Level: low — The risk level is low because this DEF 14A filing is a routine proxy statement primarily focused on the election of directors for Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) and Neuberger Berman Municipal Fund Inc. (NBH). There are no indications of significant financial distress, strategic overhauls, or regulatory issues. The filing explicitly states 'No fee required,' further suggesting a standard procedural submission.
Analyst Insight
Investors should review the nominated directors' backgrounds to ensure alignment with their investment philosophy and the fund's objectives. Participate in the vote if you have strong opinions on board composition, but do not expect this routine governance filing to trigger immediate trading action.
Financial Highlights
- debt To Equity
- 0.0
- revenue
- $0
- operating Margin
- 0%
- total Assets
- $0
- total Debt
- $0
- net Income
- $0
- eps
- $0
- gross Margin
- 0%
- cash Position
- $0
- revenue Growth
- 0%
Key Numbers
- July 17, 2025 — Date of Joint Annual Meeting (When stockholders will vote on director elections)
- 2:00 p.m. Eastern Time — Time of Joint Annual Meeting (Specific time for the stockholder meeting)
- 4 — Number of Class II Directors for NBXG (Directors to be elected for terms until 2028)
- 3 — Number of Class I Directors for NBXG (Directors to be elected for terms until 2027)
- 2028 — Year Class II Directors' terms end (Term length for Class II Directors)
- 2027 — Year Class I Directors' terms end (Term length for Class I Directors)
- January 28, 2021 — Date of Name Change (When the fund changed from Neuberger Berman 5G Connectivity Fund Inc. to its current name)
Key Players & Entities
- Neuberger Berman Next Generation Connectivity Fund Inc. (company) — Registrant and Fund holding annual meeting
- NBXG (company) — Ticker for Neuberger Berman Next Generation Connectivity Fund Inc.
- Neuberger Berman Municipal Fund Inc. (company) — Co-registrant holding joint annual meeting
- NBH (company) — Ticker for Neuberger Berman Municipal Fund Inc.
- Neuberger Berman Investment Advisers LLC (company) — Location of the Joint Annual Meeting
- Michael J. Cosgrove (person) — Nominated Class II Director for both Funds
- Deborah C. McLean (person) — Nominated Class II Director for both Funds
- Paul M. Nakasone (person) — Nominated Class II Director for both Funds
- Ami G. Kaplan (person) — Nominated Class II Director for NBXG and Class II Director for NBH (preferred stockholders)
- Marc Gary (person) — Nominated Class I Director for both Funds
FAQ
What is the purpose of the Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) DEF 14A filing?
The DEF 14A filing for Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) is a definitive proxy statement primarily for the election of directors at its Joint Annual Meeting of Stockholders on July 17, 2025. Stockholders will vote on four Class II Directors and three Class I Directors.
When and where will the Neuberger Berman Next Generation Connectivity Fund Inc. annual meeting be held?
The Joint Annual Meeting of Stockholders for Neuberger Berman Next Generation Connectivity Fund Inc. will be held on July 17, 2025, at 2:00 p.m. Eastern Time at the offices of Neuberger Berman Investment Advisers LLC, located at 1290 Avenue of the Americas, New York, New York 10104.
Who are the nominated Class II Directors for Neuberger Berman Next Generation Connectivity Fund Inc.?
The nominated Class II Directors for Neuberger Berman Next Generation Connectivity Fund Inc. are Michael J. Cosgrove, Deborah C. McLean, Paul M. Nakasone, and Ami G. Kaplan. They are slated to serve until the annual meeting in 2028.
What is the term length for the Class I and Class II Directors of NBXG?
The Class II Directors for NBXG are nominated to serve until the annual meeting of stockholders in 2028, while the Class I Directors are nominated to serve until the annual meeting of stockholders in 2027.
Was a filing fee required for this Neuberger Berman Next Generation Connectivity Fund Inc. DEF 14A?
No, the filing explicitly states that 'No fee required' for this Definitive Proxy Statement (DEF 14A) submitted by Neuberger Berman Next Generation Connectivity Fund Inc.
What was the former name of Neuberger Berman Next Generation Connectivity Fund Inc.?
Neuberger Berman Next Generation Connectivity Fund Inc. was formerly known as Neuberger Berman 5G Connectivity Fund Inc. The name change occurred on January 28, 2021.
Which other fund is holding a joint annual meeting with Neuberger Berman Next Generation Connectivity Fund Inc.?
Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) is holding a Joint Annual Meeting of Stockholders alongside Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) on July 17, 2025.
What is the significance of a DEF 14A filing for investors in NBXG?
For investors in NBXG, a DEF 14A filing is significant as it provides official notice and details regarding the upcoming annual meeting, including the proposals to be voted on, such as the election of directors. This information is crucial for understanding corporate governance and exercising voting rights.
Are there any major strategic changes or financial updates mentioned in this NBXG filing?
This specific DEF 14A filing for NBXG is a routine proxy statement focused solely on the election of directors and does not contain information regarding major strategic changes, financial performance updates, or significant business developments. It is a governance-focused document.
How many directors are being elected for Neuberger Berman Municipal Fund Inc. (NBH) at the joint meeting?
For Neuberger Berman Municipal Fund Inc. (NBH), stockholders will be asked to elect four Class II Directors and two Class I Directors. Specifically, three Class II Directors and two Class I Directors are voted on by common and preferred stockholders together, and one Class II Director by preferred stockholders separately.
Industry Context
The Neuberger Berman Next Generation Connectivity Fund Inc. operates within the actively managed exchange-traded fund (ETF) sector, focusing on investments related to next-generation connectivity technologies. This sector is characterized by rapid technological advancements, evolving market demands, and significant growth potential driven by trends like 5G, AI, and the Internet of Things (IoT). Competition is intense, with numerous funds and investment vehicles vying for investor capital in this thematic space.
Regulatory Implications
As a registered investment company, NBXG is subject to extensive regulation by the SEC under the Investment Company Act of 1940. The DEF 14A filing itself is a regulatory requirement. Changes in fund governance, such as director elections, must comply with proxy rules and fiduciary duties. Any shifts in investment strategy or operations would also be subject to regulatory oversight and disclosure requirements.
What Investors Should Do
- Review director nominees and vote in the Joint Annual Meeting on July 17, 2025.
- Familiarize yourself with the fund's previous name change from Neuberger Berman 5G Connectivity Fund Inc. to Neuberger Berman Next Generation Connectivity Fund Inc. on January 28, 2021.
Key Dates
- 2025-07-17: Joint Annual Meeting of Stockholders — Stockholders will vote on the election of directors for Neuberger Berman Next Generation Connectivity Fund Inc. and Neuberger Berman Municipal Fund Inc.
- 2025-06-13: Filing Date of Definitive Proxy Statement (DEF 14A) — Provides official notice and details of the upcoming annual meeting and proposals to stockholders.
- 2021-01-28: Name Change — The fund changed its name from Neuberger Berman 5G Connectivity Fund Inc. to Neuberger Berman Next Generation Connectivity Fund Inc.
Glossary
- DEF 14A
- A Definitive Proxy Statement filed with the SEC, providing detailed information to shareholders about matters to be voted on at an annual or special meeting. (This document is the primary source of information for the upcoming stockholder meeting, outlining the proposals and director nominees.)
- Class II Directors
- A class of directors elected for a specific term, in this case, serving until the annual meeting of stockholders in 2028. (Four Class II Directors are nominated for election, impacting the fund's governance for the next three years.)
- Class I Directors
- A class of directors elected for a specific term, in this case, serving until the annual meeting of stockholders in 2027. (Three Class I Directors are nominated for election, impacting the fund's governance for the next two years.)
- Joint Annual Meeting
- A single meeting where stockholders of multiple related funds (in this case, Neuberger Berman Municipal Fund Inc. and Neuberger Berman Next Generation Connectivity Fund Inc.) convene to vote on shared or individual matters. (This indicates a coordinated governance structure between the two Neuberger Berman funds.)
Year-Over-Year Comparison
This filing is a routine proxy statement for an annual meeting focused on director elections and does not appear to contain comparative financial performance data against a prior year. The primary information relates to the upcoming vote on board composition, with no immediate indication of changes in revenue, profitability, or market position compared to previous reporting periods. The focus remains on governance rather than a financial performance review.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on June 13, 2025 by Michael J. Cosgrove regarding Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG).