Filing Overview
Kayne Anderson BDC, Inc. filed a Form 8-K reporting an event dated November 10, 2021. The filing concerns a change in the company’s board of directors and does not report quarterly or annual financial results.
Material Corporate Action
- On November 10, 2021, the board elected Albert (“Al”) Rabil III as an interested director.
- Mr. Rabil will serve until standing for re-election at the company’s 2022 Annual Meeting of Stockholders.
- Mr. Rabil is Chief Executive Officer of Kayne Anderson Capital Advisors, L.P. and Kayne Anderson Real Estate. The filing states that KACALP managed $30.3 billion in assets as of September 30, 2021.
Financial Information
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, net asset value, investment portfolio data, or other operating financial metrics.
Guidance, Outlook, and Risks
The filing provides no financial guidance, business outlook, risk-factor update, contingency disclosure, or unusual financial item. It describes Mr. Rabil’s professional experience and responsibilities but does not quantify any expected impact on the company.
Key Facts to Verify
- Confirm Mr. Rabil’s status as an interested director and his re-election consideration at the 2022 Annual Meeting.
- Review subsequent filings for any changes to board composition or director classifications.
- Verify the reported $30.3 billion of KACALP assets under management as of September 30, 2021; this figure relates to KACALP’s broader platform, not necessarily to Kayne Anderson BDC.