Business Context and Reporting Period
This Form 8-K is a current report filed by Ares Capital Corporation on December 22, 2010. The filing primarily addresses a change in senior management rather than reporting periodic financial results.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes.
Material Changes
- Executive Appointment: On December 22, 2010, the company appointed Penelope (Penni) F. Roll as Chief Financial Officer.
- Executive Departure: Ms. Roll replaces Richard S. Davis in the CFO role.
- Background: Prior to this appointment, Ms. Roll served as Executive Vice President-Finance of Ares Capital Management LLC (the Registrant's investment adviser) since April 2010. Before that, she was CFO of Allied Capital Corporation and worked at KPMG LLP.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook statements, or discussions of material risks and contingencies. It references a press release (Exhibit 99.1) announcing the appointment but does not include the text of that release within the provided content.
Investor Verification Checklist
- Verify the effective date of Richard S. Davis's departure and any transition arrangements.
- Review the full text of the press release (Exhibit 99.1) for additional details on the leadership transition.
- Confirm if this appointment triggers any changes in the company's management fee structure with Ares Capital Management LLC.