8-K
filed March 6, 2024, 6:59 PM ET
ticker ARCC
CIK 0001287750
leadership
confidence high
sentiment neutral
materiality 0.55
Two directors to leave Ares Capital board; Rosenthal becomes Chairman Emeritus
ARES CAPITAL CORP
- Robert L. Rosen and Bennett Rosenthal will not stand for re-election at the 2024 Annual Meeting.
- Rosenthal steps down as Co-Chairman; Michael J. Arougheti becomes sole Chairman.
- Rosenthal to serve as Chairman Emeritus after the meeting; board reduced to nine directors.
- Michael L. Smith proposed to move from Class III to Class II director at Annual Meeting.
- Departures not due to any disagreement with Company operations, policies, or practices.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Rosenthal departed as Director at ARES CAPITAL CORP.
- Action
- not stand for re-election
- Role
- Director
Exact text from the filing
Robert L. Rosen and Bennett Rosenthal each notified Ares Capital Corporation (the “Company”) that they would not stand for re-election as directors of the Company when their respective current terms expire at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert L. Rosen departed as Director at ARES CAPITAL CORP.
- Action
- not stand for re-election
- Role
- Director
Exact text from the filing
Robert L. Rosen and Bennett Rosenthal each notified Ares Capital Corporation (the “Company”) that they would not stand for re-election as directors of the Company when their respective current terms expire at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Rosenthal was appointed as Chairman Emeritus at ARES CAPITAL CORP.
- Action
- serve as
- Role
- Chairman Emeritus
Exact text from the filing
Bennett Rosenthal will step down as Co-Chairman of the Board and will thereafter serve as Chairman Emeritus of the Board and Michael J Arougheti will serve as the sole Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Arougheti was appointed as Chairman at ARES CAPITAL CORP.
- Action
- serve as
- Role
- Chairman
Exact text from the filing
Bennett Rosenthal will step down as Co-Chairman of the Board and will thereafter serve as Chairman Emeritus of the Board and Michael J Arougheti will serve as the sole Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Rosenthal departed as Co-Chairman at ARES CAPITAL CORP.
- Action
- step down
- Role
- Co-Chairman
Exact text from the filing
Bennett Rosenthal will step down as Co-Chairman of the Board and will thereafter serve as Chairman Emeritus of the Board and Michael J Arougheti will serve as the sole Chairman of the Board.
View on SEC.gov
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