DEF 14A of Cantor Fitzgerald Income Trust, Inc.
Filed Oct 27, 20250001193125-25-251790
BOARD OF DIRECTORS
BOARD OF DIRECTORS
General
General Our Board presently consists of five members. At the annual meeting, stockholders will vote on the election of Messrs. Brandon Lutnick, Kyle Lutnick, Arthur F. Backal, John M. Matteson and Dean Palin, for a term ending at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify. Mr. Danny H. Salinas will not be standing for re-election to our Board at the Annual Meeting but will continue serving as our Chief Financial Officer and Treasurer. The director nominees listed below are leaders in business and real estate and financial communities because of their intellectual acumen and analytic skills, strategic vision and their records of outstanding accomplishments over a period of decades. Each has been chosen to stand for election in part because of his ability and willingness to understand our unique challenges, and evaluate and implement our strategies. Set forth below is each director nominee’s name and age as of the date of this proxy statement and biographical information. Messrs. Brandon Lutnick, Backal, Matteson and Palin currently serve on our Board and were initially appointed to our Board in February 2017, with the exception of Mr. Brandon Lutnick, who has served as one of our directors since March 2025. Mr. Kyle Lutnick has not previously served on our Board.
Director Nominees
Director Nominees
Director Nominees
| Name | Age | | Brandon Lutnick | 27 | | Kyle Lutnick | 29 | | Arthur F. Backal | 63 | | John M. Matteson | 61 | | Dean Palin | 56 |
Director Nominees
Brandon Lutnick. Mr. Brandon Lutnick has served as our Chairman since March 2025. Mr. Brandon Lutnick has served as Chairman of Cantor Fitzgerald, L.P. (“Cantor”), the Company’s sponsor, and Chief Executive Officer of CF Group Management, Inc., the managing general partner of Cantor (“CFGM”) since February 2025. Mr. Brandon Lutnick joined Cantor in April 2022 in equity sales and trading and most recently has worked in the Office of the Chairman, managing strategy and overseeing other special projects relating to Cantor and its affiliates since April 2024. Since April 2024, Mr. Brandon Lutnick has also served as the Chairman and Chief Executive Officer of Cantor’s special purpose acquisition companies, commonly referred to as SPACs, including Cantor Equity Partners, Inc. and Cantor Equity Partners I, Inc. Prior to his positions at Cantor, Mr. Brandon Lutnick began his career as a Credit Analyst at Oak Hill Advisors, L.P in June 2021. In May 2021, Mr. Brandon Lutnick graduated from Stanford University with a bachelor’s degree in Symbolic Systems. Consideration for Recommendation: Our Board believes that Mr. Brandon Lutnick’s diverse corporate experience, including managing corporate strategy and overseeing special projects, supports his nomination and election to our Board. Kyle Lutnick. Mr. Kyle Lutnick has served as Executive Vice Chairman of Cantor Fitzgerald, L.P. since February 2025. He was named President of CF Group Management, Inc., the managing general partner of Cantor, in February 2025. Mr. Lutnick has served as a director of Newmark Group, Inc. (“Newmark”) since February 2025. From April 2024 to February 2025, Mr. Kyle Lutnick served as Global Managing Director of Knotel, Inc. (“Knotel”), a flexible office and workspace business of Newmark. From May 2021 to March 2024, Mr. Kyle Lutnick also held positions within Knotel, including General Manager of UK & EMEA and Vice President of Business Development. Prior to joining Knotel, from September 2020 to April 2021, Mr. Kyle Lutnick was an Associate on Newmark’s retail advisory team, where he advised clients in New York City. In 2019, Mr. Kyle Lutnick graduated from Stanford University with a bachelor’s degree in Psychology. Consideration for Recommendation: Our Board believes that Mr. Kyle Lutnick’s experience in real estate and business management supports his nomination and election to our Board. Arthur F. Backal. Mr. Backal has been one of our independent directors since February 2017. Mr. Backal founded and has served as the President and Chief Executive Officer of Backal Hospitality Group, LLC, a premier New York-based hospitality and event services company, since December 2007. Mr. Backal also founded and has served as the President of State of the Art Enterprises, Inc., a premier New York-based full- service event planning company, since November 2002. Prior to founding Backal Hospitality Group and State of the Art Enterprises, Mr. Backal focused on the New York hospitality industry, holding various positions with a number of hotels in New York City, including the Plaza, the Pierre, the Helmsley Palace and the St. Regis. Mr. Backal served as a director of Rodin Income Trust, Inc. from March 2021 until its dissolution in December 2022. Mr. Backal holds a Bachelor of Arts in Hospitality Business from Michigan State University. Consideration for Recommendation: Our Board believes that Mr. Backal’s extensive experience in business management supports his nomination and election to our Board. John M. Matteson. Mr. Matteson has been one of our independent directors since February 2017. Mr. Matteson is the Founder of The Matteson Companies, or TMC, a Boston-based real estate investment and development company, which he founded in June 2014. At TMC, Mr. Matteson has been responsible, in partnership with GFI Partners, a Boston-based real estate advisor, for acquiring investments, ranging from projects such as net leased warehouse and warehouse development to office and residential development, totaling over $1.2 billion in gross asset value. Prior to forming TMC, Mr. Matteson spent eleven years from September 2004 to June 2014 as the Regional Director of the Archon Group, a Goldman Sachs Company, managing Goldman Sachs’ Boston real estate division, where he was responsible for investing over $2 billion of the firm’s equity nationally, focusing on Boston, New York City and Chicago. Mr. Matteson is a graduate of the University of Wisconsin – Madison where he received a Bachelor of Science in Economics. Consideration for Recommendation: Our Board believes that Mr. Matteson’s extensive real estate investment experience supports his nomination and election to our Board. Dean Palin. Mr. Palin has been one of our independent directors and our audit committee financial expert since February 2017. Mr. Palin has served as a Principal of Palin Enterprises, a national real estate organization that oversees a major portfolio of residential, commercial and industrial properties located across the country from New York to California, since 1990. Mr. Palin’s work with Palin Enterprises focuses on the development, including new construction and rehabilitation, and management and leasing of residential, commercial and industrial complexes. During the past 10 years, Mr. Palin has expanded Palin Enterprises’ residential development portfolio with new developments in Brooklyn, Queens and Long Beach, New York. Palin Enterprises owns and operates over five million square feet of industrial space. In addition, over the past 20 years, Mr. Palin has partnered with, operated and invested in many New York City restaurants. Mr. Palin holds a Bachelor of Science in Business from the Boston University School of Management. Consideration for Recommendation: Our Board believes that Mr. Palin’s extensive experience in real estate and business management supports his nomination and election to our Board.
DIRECTOR COMPENSATION
DIRECTOR COMPENSATION
Director Compensation for 2024
Director Compensation for 2024 The following table sets forth the compensation paid by us to our directors for the fiscal year ended December 31, 2024:
Director Compensation for 2024
| Name | Fees Earned or Paid in Cash | Total | | Arthur F. Backal | $28,000 | $28,000 | | John M. Matteson | 28,000 | 28,000 | | Dean Palin | 33,000 | 33,000 |