home · filing · 0001287750-22-000050
8-K filed October 25, 2022, 7:59 PM ET
ticker ARCC
CIK 0001287750
earnings
confidence high
sentiment positive
materiality 0.75
Ares Capital reports Q3 core EPS $0.50, raises dividend to $0.48; appoints new Co-President
ARES CAPITAL CORP
2022-Q3 EPS reported
$0.86
Q3 core EPS $0.50 vs $0.47 YoY; net investment income $288M vs $184M; GAAP net income $0.21/sh.
Regular quarterly dividend raised 12% to $0.48/share, payable Dec. 29 to holders of record Dec. 15.
Additional $0.03/sh dividend declared earlier remains subject to Maryland law requirements.
Portfolio investments at fair value $21.3B; floating-rate securities 73%; weighted average yield on debt 10.8%.
Kort Schnabel appointed Co-President; Michael Smith stepped down as Co-President and joined Board.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
Kort Schnabel
Co-President
Effective 2022-10-20
Filed October 25, 2022, 7:59 PM ET
Effective October 20, 2022, the board of directors (the “Board”) of the registrant appointed Kort Schnabel, 45, as Co-President.
Appointed
Michael L. Smith
Director
Effective 2022-10-20
Filed October 25, 2022, 7:59 PM ET
the Board increased the size of the Board from ten to 11 members and appointed Michael L. Smith as an interested Class III director to fill the vacancy created by such increase.
Departed
Michael L. Smith
Co-President
Effective 2022-10-20
Successor Kort Schnabel
Filed October 25, 2022, 7:59 PM ET
Concurrently, Michael L. Smith stepped down as Co-President.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kort Schnabel was appointed as Co-President at ARES CAPITAL CORP.
Action appointed
Role Co-President
Exact text from the filing
Effective October 20, 2022, the board of directors (the “Board”) of the registrant appointed Kort Schnabel, 45, as Co-President.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael L. Smith was appointed as Director at ARES CAPITAL CORP.
Action appointed
Role Director
Exact text from the filing
the Board increased the size of the Board from ten to 11 members and appointed Michael L. Smith as an interested Class III director to fill the vacancy created by such increase.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael L. Smith departed as Co-President at ARES CAPITAL CORP.
Action stepped down
Role Co-President
Exact text from the filing
Concurrently, Michael L. Smith stepped down as Co-President.
View on SEC.gov
Source: SEC EDGAR
accession 0001287750-22-000050
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