Business Context and Reporting Period
This Form 8-K is a current report filed by Western Asset Global Corporate Defined Opportunity Fund Inc. (the "Fund") on January 2, 2019. The report covers corporate governance events occurring on December 31, 2018, and January 1, 2019.
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 changes and does not contain financial performance data.
Material Changes
The primary material change reported is the restructuring of the Fund's Board of Directors:
- Retirements: Dr. Riordan Roett and Leslie H. Gelb retired as directors effective December 31, 2018.
- Appointment: Nisha Kumar was appointed as a director effective January 1, 2019.
Management Commentary and Governance Details
Ms. Kumar will serve on the Fund's Audit, Nominating, Compensation, and Pricing and Valuation Committees. Her background includes serving as Managing Director, CFO, and Chief Compliance Officer of Greenbriar Equity Group, LP since 2011, and previously as CFO of Rent the Runway, Inc. and AOL LLC. The Fund is advised by Legg Mason Partners Fund Advisors, LLC.
Investor Verification Checklist
- Verify the effective dates of the director retirements (Dec 31, 2018) and the new appointment (Jan 1, 2019).
- Confirm Ms. Kumar's committee assignments (Audit, Nominating, Compensation, Pricing and Valuation).
- Review the attached press release (Exhibit 99.1) for additional biographical details not included in the summary.
- Note that this filing does not contain financial results; refer to the Fund's most recent 10-K or 10-Q for financial metrics.