Business Context and Reporting Period
This Form 8-K current report was filed by Apollo Investment Corporation on June 7, 2013. The filing addresses corporate governance changes, specifically the departure of a director and the election of a new director to the Board.
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 contains no financial performance data.
Material Changes
The material change reported is the resignation of Ashok Bakhru from the Board of Directors and his role as chairman of the Audit Committee, effective June 7, 2013. The Board confirmed there was no disagreement between Mr. Bakhru and the Company regarding operations, policies, or practices.
Outlook and Management Commentary
On June 7, 2013, the Board elected R. Rudolph Reinfrank to fill the vacancy created by Mr. Bakhru's resignation. Mr. Reinfrank's appointment as a Class II director and chairman of the Audit Committee is effective June 14, 2013. The Company stated there are no arrangements or understandings regarding Mr. Reinfrank's appointment and that he holds no direct or indirect material interest in transactions contemplated by Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Ashok Bakhru resigned from the Board and Audit Committee chairmanship effective June 7, 2013.
- R. Rudolph Reinfrank was elected to the Board and as Audit Committee chair, effective June 14, 2013.
- The resignation was not due to any disagreement with the Company.
- No financial data or guidance is included in this specific filing.