Hercules Capital, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Hercules Capital, Inc. on August 16, 2018. The filing addresses a specific corporate governance event regarding the departure of a senior officer and the appointment of a successor.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the resignation of Gerard R. Waldt, Jr., who served as Controller and Interim Chief Accounting Officer. His resignation is effective September 7, 2018. The Company states that the resignation was not the result of any disagreement regarding operations, policies, or practices.
Management Commentary and Personnel Actions
- Succession: David Lund, the current Interim Chief Financial Officer, will assume the duties of Interim Chief Accounting Officer effective on or about August 23, 2018.
- Background: Mr. Lund, age 64, has served as Interim CFO since 2017. He previously served as the Company's initial CFO from 2005 to 2011. His recent experience includes roles at White Oak Global Advisors LLC and as a Partner at Ravix Group Inc.
Key Facts for Investor Verification
- Gerard R. Waldt, Jr. is resigning as Controller and Interim Chief Accounting Officer.
- David Lund is assuming the role of Interim Chief Accounting Officer.
- The resignation is voluntary and unrelated to any disputes with the Company.
- The transition of duties is scheduled to occur in late August 2018.