---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-060866"
form_type: "8-K"
ticker: "NMFC"
cik: "0001496099"
company_name: "New Mountain Finance Corp"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:01:52.230646+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# NMFC receives Nasdaq notice for board independence noncompliance after director resignation

## Summary
- Notice received May 12, 2023 due to loss of majority independent directors following Alice W. Handy's resignation.
- Cure period extends until earlier of next annual shareholders' meeting or April 25, 2024.
- If next annual meeting is held before October 23, 2023, compliance must be evidenced by October 23, 2023.
- Noncompliance with Nasdaq Listing Rule 5605(b)(1); no immediate delisting threat.

## SEC filing metadata
- accession: 0001104659-23-060866
- form_type: 8-K
- ticker: NMFC
- cik: 0001496099
- company_name: New Mountain Finance Corp
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496099/000110465923060866/0001104659-23-060866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496099/000110465923060866/tm2315821d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060866
- JSON: https://secwatch.observer/filing/0001104659-23-060866.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060866.txt

## Key facts
- Listing & Compliance Notices
  New Mountain Finance Corp received a nasdaq deficiency notice notice regarding audit committee.
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  source text: May 12, 2023, New Mountain Finance Corporation (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the previously disclosed resignation of Alice W. Handy from the Company’s Board of Directors (the “Board”) (as described in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465923060866/0001104659-23-060866-index.htm
- Executive change
  Alice W. Handy resigned as Director at New Mountain Finance Corp.
  - Action: resigned
  - Role: Director
  source text: the previously disclosed resignation of Alice W. Handy from the Company's Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465923060866/0001104659-23-060866-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.