Business Context and Reporting Period
This Form 8-K was filed by TICC Capital Corp. on June 24, 2015, reporting a corporate governance event that occurred on the same date. The filing addresses the appointment of a new Chief Compliance Officer.
Key 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
- Appointment of Chief Compliance Officer: Gerald Cummins was appointed as Chief Compliance Officer, replacing Patrick F. Conroy.
- Continued Role of Outgoing Officer: Patrick F. Conroy will continue to serve as Chief Financial Officer and Corporate Secretary.
- Third-Party Engagement: TICC entered into an agreement with Alaric Compliance Services LLC in connection with Mr. Cummins' appointment.
Management Commentary and Background
Mr. Cummins brings significant experience to the role, having served as a Director of Alaric since June 2014. His prior experience includes consulting for Barclays Capital Inc. (2012-2013) and senior compliance and operations roles at BroadArch Capital and New Castle Funds (2009-2011). He previously spent 25 years at Bear Stearns Asset Management as a Managing Director.
Investor Verification Checklist
- Verify the effective date of Gerald Cummins' appointment as Chief Compliance Officer.
- Confirm that Patrick F. Conroy retains his titles as CFO and Corporate Secretary.
- Review the terms of the agreement between TICC and Alaric Compliance Services LLC.
- Check for any subsequent filings regarding Mr. Cummins' compensation or potential conflicts of interest.