Business Context and Reporting Period
This Form 8-K Current Report was filed by Ares Capital Corporation on December 5, 2013. The filing addresses a corporate governance matter regarding the appointment of a senior officer.
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 material change reported is the appointment of Scott C. Lem as Chief Accounting Officer, effective immediately on December 5, 2013. Mr. Lem will continue to serve in his existing roles as Vice President and Treasurer.
Management Commentary and Background
Mr. Lem, 36, has served as Vice President and Treasurer since May 2013 and previously as Assistant Treasurer from May 2009 to May 2013. He joined Ares Management LLC in July 2003 and currently serves as Chief Accounting Officer of Ares Capital Management LLC, the registrant's investment adviser. His prior experience includes roles as Controller of Ares Management and audit positions at Ernst & Young LLP and Arthur Andersen LLP. He holds degrees from the University of Southern California and UCLA and is an inactive Certified Public Accountant.
Investor Verification Checklist
- Confirm the effective date of Scott C. Lem's appointment as Chief Accounting Officer.
- Verify Mr. Lem's concurrent roles as Vice President and Treasurer.
- Review the biographical details and professional history of the newly appointed officer.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.