GSV CAPITAL CORP. (NASDAQ:GSVC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02ofForm 8-K, this Current Report on Form 8-K/A amends and supplements the information reported inItem 5.02to the Current Report on Form 8-K dated August 4, 2017 and filed with the Securities and Exchange Commission on August 8, 2017 (the “Original Report”) regarding Michael Moe’s role as Chairman of the Board of GSV Capital Corp. (the “Company”). Specifically, this amendment reports the intention of the Board of Directors of the Company (the “Board”) for Mr. Moe to serve in the capacity of “Executive Chairman” that had not been reported at the time of the Original Report. Apart from this additional information with respect toItem 5.02, there are no changes to the disclosure in the Original Report.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Compensation Actions |
On August 18, 2017, the Board ratified its intention with respect to the Chairman role by creating an “Executive Chairman” position. Mr. Moe, in his capacity as Chairman of the Board, serves as the Executive Chairman of the Company.
About GSV CAPITAL CORP. (NASDAQ:GSVC)
GSV Capital Corp. (GSV Capital) is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. The Company invests principally in the equity securities, which are venture-capital-backed emerging companies. The Company acquires its investments through direct investments with portfolio companies, secondary marketplaces for private companies and negotiations with selling stockholders. The Company may also invest in select publicly traded equity securities or certain non-United States companies that otherwise meet its investment criteria. It seeks to invest approximately 90% of its portfolio in late-stage companies and the remaining approximately 10% in emerging companies that fit within its targeted areas. Its investment activities are managed by its investment advisor, GSV Asset Management, LLC.