---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115983"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:08:37.199056+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ares Capital appoints Scott Lem as CFO; Penni Roll to step down on Feb 15, 2024

## Summary
- Scott Lem, previously CAO and Treasurer, appointed CFO effective Feb 15, 2024.
- Penni Roll steps down as CFO same date but remains senior officer at Ares and Ares Capital.
- Roll served as CFO for 13 years; CEO Kipp deVeer credited her for shareholder value growth.
- Lem has been with Ares since 2003; prior roles at Ernst & Young and Arthur Andersen.

## SEC filing metadata
- accession: 0001104659-23-115983
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000110465923115983/0001104659-23-115983-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000110465923115983/tm2329803d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115983
- JSON: https://secwatch.observer/filing/0001104659-23-115983.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115983.txt

## Key facts
- Executive change
  Scott C. Lem was appointed as Chief Financial Officer at ARES CAPITAL CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On November 6, 2023, the board of directors (the “Board”) of the registrant appointed Scott C. Lem, age 45, as Chief Financial Officer, effective as of February 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465923115983/0001104659-23-115983-index.htm
- Executive change
  Penni F. Roll changed role as Chief Financial Officer at ARES CAPITAL CORP.
  - Action: step down
  - Role: Chief Financial Officer
  source text: Concurrently with Mr. Lem’s appointment, Penni F. Roll announced that she will step down as Chief Financial Officer of the registrant, effective as of February 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465923115983/0001104659-23-115983-index.htm

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