8-K
filed March 18, 2025, 7:59 PM ET
ticker LIEN
CIK 0001843162
leadership
confidence high
sentiment neutral
materiality 0.75
Chicago Atlantic BDC replaces CEO and directors; declares $0.34 Q1 dividend
Chicago Atlantic BDC, Inc.
- Andreas Bodmeier resigned as CEO; Peter Sack appointed as CEO effective March 13, 2025.
- Directors Frederick Herbst and Jason Papastavrou resigned; Supurna VedBrat and Patrick McCauley appointed as Class 1 and Class 3 directors.
- Board declared $0.34 per share cash dividend for Q1 2025; record date March 28, payment April 11.
- Q4 2024 earnings call scheduled for March 31, 2025; no financial results released yet.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick McCauley was appointed as Director at Chicago Atlantic BDC, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 13, 2025, the Board appointed Mr. Patrick McCauley to replace Mr. Papastavrou as Class 3 Director of the Company, to serve until the Company’s annual meeting of stockholder to be held in 2027, or until his successor is duly elected and qualified.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Frederick Herbst resigned as Director at Chicago Atlantic BDC, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 13, 2025, each of Mr. Frederick Herbst and Mr. Jason Papastavrou resigned from his position as Director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Patrick McCauley was appointed as Class 3 Director at Chicago Atlantic BDC, Inc..
- Action
- appointed
- Role
- Class 3 Director
Exact text from the filing
On March 13, 2025, the Board appointed Mr. Patrick McCauley to replace Mr. Papastavrou as Class 3 Director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Peter Sack was appointed as Chief Executive Officer at Chicago Atlantic BDC, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On March 13, 2025, the Board appointed Mr. Peter Sack to the position of Chief Executive Officer of the Compa
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jason Papastavrou resigned as Director at Chicago Atlantic BDC, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 13, 2025, each of Mr. Frederick Herbst and Mr. Jason Papastavrou resigned from his position as Director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Supurna VedBrat was appointed as Director at Chicago Atlantic BDC, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 13, 2025, the board of directors of the Company (the “Board”) appointed Ms. Supurna VedBrat to replace Mr. Herbst as a Class 1 Director of the Company, to serve until the Company’s annual meeting of stockholders to be held in 2025, or until her successor is duly elected and qualified.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Supurna VedBrat was appointed as Class 1 Director at Chicago Atlantic BDC, Inc..
- Action
- appointed
- Role
- Class 1 Director
Exact text from the filing
On March 13, 2025, the board of directors of the Company (the “Board”) appointed Ms. Supurna VedBrat to replace Mr. Herbst as a Class 1 Director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Andreas Bodmeier resigned as Chief Executive Officer at Chicago Atlantic BDC, Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On March 13, 2025, Mr. Andreas Bodmeier resigned from his position as Chief Executive Officer of the Company.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.