THL Credit, Inc. (NASDAQ:TCRD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangement of Certain Officers
On December1, 2016, upon the recommendation of the Governance
Committee, the Board of Directors (the
Board) of THL Credit, Inc. (the
Company) approved the appointment of
Admiral Edmund P. Giambastiani, Jr. as a director of the Company,
with immediate effect.
The Board also approved a reduction in the size of the Board from
nine to seven directors. Each of the Companys directors hold
office until the next annual meeting of stockholders
(theAnnual Meeting) or until his or her
successor is duly elected and qualified or such directors earlier
resignation, death or removal. As a result, Admiral Giambastianis
current term will expire at the 2017 Annual Meeting unless he is
Admiral Giambastianis compensation will be consistent with that
provided to all of the Companys independent directors, as
described in the Companys proxy statement filed with the U.S.
Securities and Exchange Commission.
There is no arrangement or understanding under which Admiral
Giambastiani was appointed. There are no transactions involving
Admiral Giambastiani requiring disclosure under Item404(a) of
|Item9.01.||Financial Statements and Exhibits.|
|99.1||Press Release, dated December 2, 2016|
About THL Credit, Inc. (NASDAQ:TCRD)
THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. The Company is a direct lender to middle-market companies and invests in first lien and second lien loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component, such as warrants, preferred stock or similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV). Its subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc. THL Credit, Inc. (NASDAQ:TCRD) Recent Trading Information
THL Credit, Inc. (NASDAQ:TCRD) closed its last trading session down -0.06 at 10.28 with 179,809 shares trading hands.