Business Context and Reporting Period
This Form 8-K is a current report filed by Saratoga Investment Corp. on March 4, 2014. The filing addresses corporate governance changes rather than financial performance.
Key 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 appointments.
Material Changes
The primary material change reported is the appointment of Henri J. Steenkamp to serve as the Company's Interim Chief Financial Officer and Interim Chief Compliance Officer, effective March 4, 2014.
Management Commentary and Background
- Appointment Details: The Board of Directors appointed Mr. Steenkamp with no special arrangements or understandings influencing the selection.
- Biography: Mr. Steenkamp, 37, is a chartered accountant with an honors degree in Finance.
- Recent Experience: He served as CFO of MF Global Holdings Ltd. from April 2011 through January 2013, including during the company's bankruptcy proceedings.
- Prior Experience: He spent eight years at PricewaterhouseCoopers (PwC), focusing on transaction services, SEC registration, and technical accounting in both New York and South Africa.
- Relationships: There are no family relationships between Mr. Steenkamp and any director or executive officer, and he holds no material interest in transactions requiring disclosure.
Investor Verification Checklist
- Verify the official start date of Mr. Steenkamp's tenure as Interim CFO.
- Review the Company's subsequent filings to determine if the "Interim" title was made permanent or if a permanent CFO was appointed.
- Confirm that no undisclosed compensatory arrangements exist beyond standard employment terms.