Business Context and Reporting Period
This Form 8-K filing by Goldman Sachs BDC, Inc. (GSBD) reports a material corporate governance event dated September 7, 2023. The filing addresses the resignation of a senior executive and the appointment of an interim successor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Executive Departure: David Pessah notified the Company of his resignation as Chief Financial Officer, Treasurer, and principal accounting officer.
- Effective Date: Mr. Pessah's resignation becomes effective on November 10, 2023.
- Reason for Departure: The resignation is to pursue a new professional opportunity and is not the result of any disagreement with the Company.
- Interim Appointment: The Company expects to appoint John Lanza as Interim Chief Financial Officer, Interim Treasurer, and principal accounting officer, subject to board approval, if a permanent successor is not identified by November 10, 2023.
Outlook, Risks, and Management Commentary
Management is actively conducting a search for a permanent successor to Mr. Pessah. To ensure an orderly transition, Mr. Pessah will continue to serve in his current role until his departure date. Mr. Lanza, who has held several positions with Goldman Sachs Asset Management, L.P., will also assume interim roles across several related entities, including Goldman Sachs Private Middle Market Credit LLC and Goldman Sachs Private Credit Corp. The filing states there are no material transactions or family relationships involving Mr. Lanza requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Confirm the final appointment of John Lanza as Interim CFO and Treasurer via subsequent board approval announcements.
- Monitor future filings for the identification and appointment of a permanent Chief Financial Officer.
- Review upcoming quarterly reports (10-Q) to assess any operational impact of the leadership transition on financial reporting or liquidity management.