BlackRock TCP Capital Corp 8-K, filed Nov 2, 2022
BlackRock TCP Capital Corp. (TCPC)
8-K
2022-11-02
For: 2022-10-27
View Original
Added on
April 11, 2026
About this 8-K
BlackRock TCP Capital Corp filed this 8-K on November 2, 2022, reporting on events of October 27, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): November 1, 2022 (October 27, 2022 )
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code (310 ) 566-1000
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On October 27, 2022, the Board of Directors (the “Board”) of the Company appointed Karen L. Leets as an independent director to the Board effective October 27, 2022. The Board concurrently increased the size of the Board
from six to seven members. Ms. Leets was appointed to the Audit and Governance and Compensation committees of the Board.
The Board has determined that Ms. Leets is not an “interested person” as defined in Section 2(a)(19) of the Investment Company Act of 1940 and is independent within the meaning of the independence standards of NASDAQ
stock market rules. In the last fiscal year, the Company has not engaged in any transaction in which Ms. Leets or a person related to Ms. Leets has a direct or indirect material interest. To the Company’s knowledge, there is no arrangement or
understanding between any of its officers and directors and Ms. Leets pursuant to which Ms. Leets was selected as a director.
Item 8.01. Other Events.
On November 1, 2022, the Company issued a press release announcing the appointment of Ms. Leets to the Board. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 |
Press Release, Dated as of November 1, 2022
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BlackRock TCP Capital Corp.
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Date: November 1, 2022
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By:
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/s/ Erik Cuellar
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Name:
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Erik Cuellar
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Title:
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Chief Financial Officer
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Exhibit 99.1
BLACKROCK TCP CAPITAL CORP. ANNOUNCES APPOINTMENT OF KAREN L. LEETS AS INDEPENDENT DIRECTOR
SANTA MONICA, Calif., November 1, 2022 - BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today
announced that the Board of Directors (the “Board”) of the Company has appointed Karen L. Leets as an independent director effective October 27, 2022. Ms. Leets has been appointed to serve on the Audit Committee and Governance and Compensation
Committee of the Board. TCPC’s diverse Board now includes seven members, including six independent directors.
Ms. Leets is Senior Vice President and Treasurer of Baxter International, Inc., a multinational healthcare company, and holds a CPA license in Illinois.
She brings significant global public company financial expertise to the Board, with experience on senior management teams responsible for corporate strategies, financial reporting, and enterprise risk management. In all, she has 20 years of corporate
governance and board experience. This includes five years on the Board of Lutheran Social Services of Illinois, where she served as executive board vice chairman and audit committee chair.
“Karen brings a distinguished background and wealth of knowledge
that will further strengthen our board on behalf of shareholders,” said Rajneesh Vig, BlackRock TCP Capital Corp. Chairman and CEO. “We are fortunate to have a strong and diverse Board composed of talented leaders who ensure robust governance and an
enduring focus on prudent long-term growth and returns.”
Ms. Leets earned a Bachelor of Science degree in accounting and an MBA from Indiana State University’s Scott School of Business.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market
positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve
high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly-traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed
by its advisor, a wholly-owned, indirect subsidiary of BlackRock, Inc. For more information, visit www.tcpcapital.com.
FORWARD-LOOKING STATEMENTS
Prospective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the company carefully before investing. This information and other
information about the company are available in the company’s filings with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website at www.sec.gov and the company’s website at www.tcpcapital.com. Prospective investors
should read these materials carefully before investing.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, projections, beliefs and
assumptions of management of the company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ
materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in general economic conditions or changes in the conditions of the industries in which the company makes
investments, risks associated with the availability and terms of financing, changes in interest rates, availability of transactions, and regulatory changes. Certain factors that could cause actual results to differ materially from those contained in
the forward-looking statements are included in the “Risk Factors” section of the company’s Form 10-K for the year ended December 31, 2021, and the company’s subsequent periodic filings with the SEC. Copies are available on the SEC’s website at
www.sec.gov and the company’s website at www.tcpcapital.com. Forward-looking statements are made as of the date of this press release and are subject to change without notice. The company has no duty and does not undertake any obligation to update or
revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.
SOURCE:
BlackRock TCP Capital Corp.
CONTACT
BlackRock TCP Capital Corp.
Katie McGlynn
310-566-1094
investor.relations@tcpcapital.com