TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On July28, 2017, the Board of Directors of TriplePoint Venture Growth BDC Corp. (“TPVG” or “the Company”) appointed Andrew J. Olson as the Company’s Chief Financial Officer, to be effective as of August10, 2017. Mr.Olson also serves as the Chief Financial Officer of TriplePoint Capital LLC, the Company’s sponsor.
Prior to joining TPVG and TriplePoint Capital LLC, Mr.Olson, 34, was an executive officer and the Vice President of Finance and Senior Controller at Hercules Capital, Inc., a publicly traded business development company, from September 2014 to July 2017. From 2006 to 2014 Mr.Olson served as a member of the PricewaterhouseCoopers financial services and banking industry practice group, most recently as a Senior Manager, in San Francisco and Hong Kong. Since 2014, he has served as the Treasurer, Finance Committee Chair and Director for the Randall Museum Friends, a not-for-profit Museum located in San Francisco, CA. Mr.Olson received his B.A. in Business Economics from the University of California, Santa Barbara, and is a Certified Public Accountant in the state of California.
Mr.Olson: (i)was not appointed as the Company’s Chief Financial Officer to any arrangement or understanding with any other person; (ii)does not have a family relationship with any of the Company’s directors or other executive officers; (iii)has not engaged, since the beginning of the Company’s last fiscal year, nor proposes to engage, in any transaction in which the Company was or is a participant; and (iv)has not entered into, nor expects to enter into, any material plan, contract, arrangement, grant or award in connection with his appointment as the Company’s Chief Financial Officer.
On July31, 2017, the Company issued a press release announcing the appointment of Mr.Olson as the Company’s Chief Financial Officer. The text of the press release is included as Exhibit 99.1 to this Form 8-K.
| Item 5.02 | Financial Statements and Exhibits. |
(d) Exhibits.
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ExhibitNo. |
Description |
| 99.1 | Press Release dated July31, 2017 |
TriplePoint Venture Growth BDC Corp. ExhibitEX-99.1 2 d423652dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 TriplePoint Venture Growth BDC Corp. Names Andrew J. Olson As Chief Financial Officer Menlo Park,…To view the full exhibit click here
About TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)
TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TPVG Advisers LLC.
