Business Context and Reporting Period
This Form 8-K filing by Owl Rock Capital Corporation (referred to in the metadata as Blue Owl Capital Corp) covers the event date of May 4, 2016, with the report filed on May 5, 2016. The filing addresses corporate governance changes specifically regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a specific corporate event and does not contain financial performance data.
Material Changes
- Board Expansion: The Board of Directors increased its size to six directors.
- New Director Election: Mr. Brian Finn was elected as a director on May 4, 2016.
- Committee Assignments: Mr. Finn will serve on the Nominating and Corporate Governance Committee and the Audit Committee.
- Term Details: Mr. Finn is a Class I director with a term expiring in 2017.
Guidance, Outlook, and Management Commentary
The filing notes that Mr. Finn's compensation will consist of applicable retainer and meeting fees consistent with previously disclosed arrangements, and he will enter into an indemnification agreement. The election was considered by the Nominating and Corporate Governance Committee pursuant to shareholder rights to nominate an independent director, rights which will terminate prior to an Exchange Listing. The filing does not provide financial guidance, outlook, or discuss specific risks or contingencies beyond standard governance procedures.
Important Facts for Investor Verification
- Verify the total number of directors on the Board is now six.
- Confirm Mr. Brian Finn's specific background in asset management and investment banking as disclosed.
- Check for any subsequent filings regarding the termination of shareholder nomination rights prior to an Exchange Listing.
- Review the Company's proxy statement or prior filings for the specific dollar amounts of director retainer and meeting fees.