Hercules Technology Growth Capital, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Hercules Technology Growth Capital, Inc. on March 21, 2006. The report discloses a corporate governance event regarding the composition of 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 statements or performance data.
Material Changes
On March 21, 2006, the Company announced the election of Robert P. Badavas to its Board of Directors. Mr. Badavas has been appointed as the Chairman of the Audit Committee and will serve as a member of the Compensation Committee.
Management Commentary and Background
Mr. Badavas brings over 30 years of executive-level finance and management experience. He currently serves as President and CEO of TAC Worldwide, an information technology and engineering staffing solutions company. Additionally, he serves on the board of directors of RSA Security Corporation as Chairman of the Audit Committee and chairs the board for the Learning Center for Deaf Children in Framingham. He is a CPA and holds a Bachelor of Science degree in Accounting and Finance from Bentley College.
Key Facts for Investor Verification
- Robert P. Badavas was elected to the Board of Directors on March 21, 2006.
- Mr. Badavas assumes the role of Chairman of the Audit Committee.
- Mr. Badavas joins the Compensation Committee as a member.
- The filing includes a press release (Exhibit 99.1) detailing the announcement.