UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 13, 2021
GOLUB CAPITAL BDC, INC.
(Exact name of Registrant as Specified in Its Charter)
| DELAWARE | 814-00794 | 27-2326940 | ||
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 200 Park Avenue, 25th Floor, New York, NY | 10166 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (212) 750-6060
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, par value $0.001 per share | GBDC | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 13, 2021, Ross A. Teune resigned from his positions as Chief Financial Officer and Treasurer of Golub Capital BDC, Inc. (the “Company”). Mr. Teune’s resignation from his positions as Chief Financial Officer and Treasurer was not due to any dispute or disagreement with the Company or its Board of Directors or management.
On September 13, 2021, the Board of Directors of the Company elected Christopher C. Ericson to the positions of Chief Financial Officer and Treasurer. Mr. Ericson rejoined Golub Capital LLC (together with its affiliates, “Golub Capital”) in June 2018 and is a Director on the Corporate Development team where he is responsible for driving the execution of strategic projects for Golub Capital. Prior to this position, Mr. Ericson was the Senior Controller at ExWorks Capital from November 2017 to June 2018, where he was responsible for financial and investor reporting and implementing new business initiatives. Prior to that, Mr. Ericson worked at Golub Capital from June 2009, where he served in various senior finance roles, including as Controller for the Company. Mr. Ericson also previously served as the Controller at Downsview Capital, a hedge fund focusing on private investments in public equities, and previously worked at Guggenheim Partners and Deloitte. Mr. Ericson earned his BS degree in Commerce from the University of Virginia. He received an MS degree in Accountancy from the University of Illinois at Urbana-Champaign. He is a registered Certified Public Accountant in Illinois.
| Item 7.01. | Regulation FD Disclosure. |
On September 13, 2021, the Company issued a press release announcing the appointment of Christopher C. Ericson as Chief Financial Officer and Treasurer of the Company. A copy of the press release is furnished as Exhibit 99.1.
The information in Item 7.01 of this Current Report on Form 8-K, including
Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section. The
information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press Release of Golub Capital BDC, Inc. dated September 13, 2021 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Golub Capital BDC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GOLUB CAPITAL BDC, INC. | ||
| Date: September 13, 2021 | By: | /s/ Joshua M. Levinson |
| Name: | Joshua M. Levinson | |
| Title: | Chief Compliance Officer and Secretary | |
Exhibit 99.1
Golub Capital BDC, Inc. Announces Chief Financial Officer Transition
September 13, 2021 – Golub Capital BDC, Inc. ("GBDC" or the "Company") today announced that the Company's Board of Directors has appointed Mr. Christopher C. Ericson to succeed Mr. Ross A. Teune and serve as Chief Financial Officer and Treasurer of the Company, effective September 13, 2021. Mr. Teune's departure is not the result of any dispute or disagreement with the Company. Mr. Teune has agreed to continue as an advisor to the Company through October 29, 2021 to facilitate an orderly and amicable transition.
Christopher C. Ericson first joined Golub Capital in 2009 and served for eight years as a key member of Golub Capital's BDC Fund Accounting team, rising to the role of Controller for GBDC. He rejoined Golub Capital in 2018 as a Director on the Corporate Development team in the Investor Partners Group. Mr. Ericson earned his BS degree in Commerce from the University of Virginia. He received an MS degree in Accountancy from the University of Illinois. He is a registered Certified Public Accountant in Illinois.
"We are pleased to promote Chris to the Company's leadership team," said David B. Golub, Chief Executive Officer of the Company. "Chris is deeply familiar with the Company and Golub Capital. He has been instrumental in driving key strategic projects, including the Company's successful merger with Golub Capital Investment Corporation. I am confident that he will sustain the level of excellence that characterized Ross Teune's tenure, and I look forward to working with him closely in his new role."
"I also want to take this opportunity to thank Ross," said Mr. Golub. "We are grateful for his many contributions to our shared success over the last 13 years."
About Golub Capital BDC, Inc.
Golub Capital BDC, Inc. (“GBDC”) is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital").
About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and credit asset manager, with over $40 billion of capital under management. Golub Capital specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s sponsor finance expertise also forms the foundation of its Late Stage Lending, Broadly Syndicated Loan and Opportunistic Credit investment programs. Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. Founded over 25 years ago, Golub Capital today has over 550 employees and lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Golub Capital BDC, Inc. undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contact:
Chris Ericson
312-212-4036
cericson@golubcapital.com
Source: Golub Capital BDC, Inc.