Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

On December 14, 2016, Fifth Street Senior Floating Rate Corp. (the “Company”) issued a press release announcing its financial results for the fourth fiscal quarter and year ended September 30, 2016. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being “furnished” and is not deemed “filed” by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor is it deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 8, 2016, the Board of Directors of the Company appointed Patrick J. Dalton as Chief Executive Officer and to serve as a director of the Company, effective as of January 2, 2017. Mr. Dalton will also join Fifth Street Asset Management Inc. (NASDAQ: FSAM) as Co-President, effective January 2, 2017, succeeding Todd Owens who will be stepping down, and will join Fifth Street Finance Corp. (NASDAQ: FSC) as Chief Executive Officer and a director, effective January 2, 2017.

On December 14, 2016, the Company also announced that Ivelin M. Dimitrov will step down from his roles as Chief Executive Officer and a member of the Board of Directors, effective January 2, 2017, and that Todd G. Owens will step down from his roles as President and a member of the Board of Directors, effective January 2, 2017.

Mr. Dalton, 48, has over 20 years of credit and investment experience. Mr. Dalton joins the Company from Gordon Brothers Finance Company, where he served as the President, Chief Executive Officer, Chair of the Investment Committee and member of the board of directors from September 2012 to February 2016. Prior to that role, he served as President and Chief Operating Officer at Apollo Investment Corporation, a publicly-traded business development company (NASDAQ: AINV), from November 2008 to February 2012; Chief Investment Officer and Portfolio Manager at Apollo Investment Management, L.P. from 2007 to 2012; and a partner at Apollo Global Management from 2004 to 20012. Before joining Apollo, Mr. Dalton was a Vice President with Goldman, Sachs & Co., Chase Securities, Inc. and Chase Manhattan Bank. Mr. Dalton received an M.B.A. in 1997 from Columbia University Graduate School of Business and a B.S. in Finance from Boston College in 1990. Mr. Dalton’s prior credit and investment experience, including his experience as an officer of a publicly-traded business development company, led to the Board of Director’s conclusion that Mr. Dalton should be a member of the Company’s Board of Directors.

There are no arrangements or understandings between Mr. Dalton and any other persons to which he was selected as a director. There are no current or proposed transactions between the Company and Mr. Dalton or his immediate family members that would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.

The Company issued a press release on December 14, 2016 to announce these changes, a copy of which is attached hereto as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1       Press release dated December 14, 2016

99.2       Press release dated December 14, 2016

About Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

Fifth Street Senior Floating Rate Corp. is the United States-based closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return by generating income from its debt investments while seeking to preserve its capital. The Company invests in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company also invests in senior unsecured loans issued by private middle market companies and subordinated loans issued by private middle market companies and senior and subordinated loans issued by public companies. Its investment criteria include established companies with a history of positive operating cash flow; strong market presence; private equity sponsorship; seasoned management team; defensible and sustainable business, and exit strategy.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) Recent Trading Information

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) closed its last trading session up +0.15 at 8.97 with 149,493 shares trading hands.