Business Context and Reporting Period
This Form 8-K Current Report was filed by Prospect Capital Corporation on February 12, 2009. The filing reports a corporate governance event effective as of the report date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. Item 9.01 explicitly states that no financial statements or pro forma financial information are included in this report.
Material Changes
The primary material change reported is the appointment of a new director to the Board of Directors.
Management Commentary and Governance
- Appointment: Andrew C. Cooper was appointed as a Class II member of the Board of Directors effective February 12, 2009.
- Committee Assignments: Mr. Cooper will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
- Background: Mr. Cooper brings 24 years of experience in growth company management, venture investing, and investment banking, including 14 years at Morgan Stanley and experience founding and selling three companies.
- Compensation: He will receive the same compensation as other independent directors.
- Relationships: There are no family relationships between Mr. Cooper and existing directors or officers, and no undisclosed transactions exist between him and the Company.
Investor Verification Checklist
- Verify the effective date of Andrew C. Cooper's board appointment (February 12, 2009).
- Confirm Mr. Cooper's specific committee assignments (Audit and Nominating/Corporate Governance).
- Review the Company's proxy statement or annual report for details on the standard compensation package for independent directors.
- Check subsequent filings for any financial updates, as this 8-K contains no financial data.