Garrison Capital Inc. (NASDAQ:GARS) 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 January 23, 2017, Rafael Astruc resigned from the board of directors (the “Board of Directors”) of Garrison Capital Inc. (the “Company”). Mr. Astruc’s decision to resign was not due to any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

As previously reported, on December 9, 2016, the Company notified the Nasdaq Global Select Market (“Nasdaq”) that, as a result of the passing of Bruce Shewmaker, an independent director, the Company was out of compliance with Rule 5605(b)(1), which requires each Nasdaq listed company to have a majority of independent directors. As a result of Mr. Astruc’s resignation, a majority of the Board of Directors is now comprised of independent directors and the Company has regained compliance with Rule 5605(b)(1).

About Garrison Capital Inc. (NASDAQ:GARS)

Garrison Capital Inc. is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a portfolio of investments. The Company’s investment advisor is Garrison Capital Advisers LLC.

Garrison Capital Inc. (NASDAQ:GARS) Recent Trading Information

Garrison Capital Inc. (NASDAQ:GARS) closed its last trading session down -0.04 at 9.37 with 119,910 shares trading hands.