Business Context and Reporting Period
This Form 8-K filing by Goldman Sachs BDC, Inc. (GSBD) was submitted on July 19, 2021. The report discloses a material corporate governance event regarding the appointment of a new Chief Financial Officer and the resignation of the interim officer.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes.
Material Changes
- Appointment of CFO: The Company expects to appoint Carmine Rossetti as Chief Financial Officer, Treasurer, and principal financial officer, effective November 2021, subject to Board approval.
- Resignation of Interim CFO: Joseph DiMaria, who served as Interim CFO and Interim Treasurer, will resign from these roles upon Mr. Rossetti's appointment.
- Reason for Departure: Mr. DiMaria's resignation is explicitly stated as not being the result of any disagreement with the Company.
- Additional Roles: Mr. Rossetti is also expected to be appointed as CFO, Treasurer, and principal financial officer for Goldman Sachs Private Middle Market Credit LLC and Goldman Sachs Private Middle Market Credit II LLC.
Management Commentary and Background
Mr. Rossetti, age 42, brings significant experience to the role. His background includes:
- Senior Vice President and Global Fund Controller at HPS Investment Partners, LLC (since April 2020).
- Previous tenure as Principal Accounting Officer for Goldman Sachs BDC, Inc. and related entities.
- Vice President in the Finance Division of Goldman Sachs & Co. LLC (joined in 2004).
- Former audit practice experience at Ernst & Young LLP.
The filing confirms no family relationships between Mr. Rossetti and current directors or officers, and no material transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the official Board approval of Carmine Rossetti's appointment prior to the November 2021 effective date.
- Confirm the exact transition date for Joseph DiMaria's resignation.
- Review subsequent filings for any changes to the compensation arrangements of the new CFO.
- Monitor the impact of the leadership change on the Company's financial reporting timeline and internal controls.