Main Street Capital Corporation (NYSE:MAIN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Main Street Capital Corporation (NYSE:MAIN) 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 January3, 2018, Main Street Capital Corporation (“Main Street”) announced that its board of directors (“Board”) approved an executive succession plan (the “Plan”) for Main Street. to the Plan, Vincent D. Foster, co-founder of Main Street, and who has served as its Chairman and Chief Executive Officer (“CEO”) since its 2007 initial public offering, will transition the role and responsibility of CEO to Dwayne L. Hyzak, with this transition presently planned to occur in the fourth quarter of 2018. After which, Mr.Foster will continue to serve as Main Street’s Executive Chairman, and in this capacity he will work closely with Mr.Hyzak as CEO.

On January3, 2018, the Board also increased the size of the Board from nine to ten directors and elected Mr.Hyzak as a director to fill the vacancy created by the increase to serve the remainder of the current term.

Mr.Hyzak has served as Main Street’s Chief Operating Officer since 2014 and President since 2015. He also serves as a member of Main Street’s investment committee and executive committee. Reference is also made to the biographical information with respect to Mr.Hyzak set forth under the heading “Executive Officers” in the 2017 Main Street proxy statement, which description is incorporated herein by reference.

As an employee of Main Street, Mr.Hyzak will not receive compensation for his services as a member of the Board. There are no current or proposed transactions between Main Street and Mr.Hyzak or his immediate family members that would require disclosure under Item 404(a)of Regulation S-K promulgated by the Securities and Exchange Commission.

Item 8.01 Other Events.

On January3, 2018, Main Street issued a press release. A copy of such press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.

The information disclosed under Item 8.01, including Exhibit99.1 hereto, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

99.1

Press release dated January3, 2018


Main Street Capital CORP Exhibit
EX-99.1 2 a17-29054_1ex99d1.htm EX-99.1 Exhibit 99.1   NEWS RELEASE   Contacts: Main Street Capital Corporation Dwayne L. Hyzak,…
To view the full exhibit click here

About Main Street Capital Corporation (NYSE:MAIN)

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors. The Company invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. The Company’s investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies, Private Loan portfolio investments, Other Portfolio investments, and the investment in MSC Adviser I, LLC (the External Investment Manager).