EQUUS TOTAL RETURN, INC. (NYSE:EQS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On April 14, 2017, the Company entered into an employment
agreement (Employment Agreement), effective April 1, 2017, with
LSheryl D. Hudson, the Companys Senior Vice President and Chief
Financial Officer. The Employment Agreement is for a renewable
two-month term, provides for base salary equal to $209,615 on an
annualized basis and an annual longevity bonus equal to $5,000
plus $250 for each year employed by or on behalf of the Company.
If the Employment Agreement is terminated by the Company without
cause or by Ms. Hudson for good reason, as defined therein, Ms.
Hudson will be entitled to a severance benefit equal to one years
base salary as then in effect.
About EQUUS TOTAL RETURN, INC. (NYSE:EQS)
Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund is a business development company whose investment objective is to maximize the total return to its stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. In addition, it may invest with other co-investors, including private equity firms, business development companies, small business investment companies, venture capital groups, institutional investors and individual investors. It invests in a range of sectors, including energy, media, business products and services, shipping products and services, financial services and others. The Fund’s investments in portfolio securities consist of fixed-rate debt securities, limited liability company investments, common stock, and secured and subordinated debt. EQUUS TOTAL RETURN, INC. (NYSE:EQS) Recent Trading Information
EQUUS TOTAL RETURN, INC. (NYSE:EQS) closed its last trading session up +0.10 at 2.46 with 2,250 shares trading hands.
