Hercules Capital, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Hercules Capital, Inc. (formerly Hercules Technology Growth Capital, Inc.) on February 4, 2019. The filing reports a corporate governance event regarding the Board of Directors.
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
The primary material change reported is the election of Gayle Crowell as a director of the Company by the Board of Directors on February 4, 2019.
Management Commentary and Governance Details
- Appointment: Gayle Crowell was elected as a Class II director with a term expiring in 2021.
- Compensation: Ms. Crowell is entitled to the applicable annual retainer and restricted stock awards consistent with existing director compensation arrangements. She is also eligible for an indemnification agreement.
- Committee Assignments: She does not currently serve on any committees of the Company.
- Background: Ms. Crowell previously served as an operational business consultant for Warburg Pincus LLC (2001-2018). She currently serves on the boards of Envestnet, Inc. and Dude Solutions Inc., and has prior board experience with Mercury Gate International, Yodlee, Coyote Logistics, SRS, and TradeCard.
- Related Events: A press release announcing this appointment was issued on February 5, 2019, and is included as an exhibit to this filing.
Key Facts for Investor Verification
- Confirm the effective date of Gayle Crowell's directorship (February 4, 2019).
- Verify the specific terms of the director compensation package (annual retainer and restricted stock) referenced in the filing.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Note that this filing contains no financial results or guidance updates.