---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-25-000052"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:34:34.765047+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barings BDC CEO Eric Lloyd to Resign; Thomas McDonnell Appointed CEO Effective January 1, 2026

## Summary
- CEO Eric Lloyd notified his resignation effective December 31, 2025; he will continue as Executive Chairman.
- Thomas Q. McDonnell appointed Chief Executive Officer, effective January 1, 2026, succeeding Lloyd.
- McDonnell previously served as Managing Director at Barings and helped raise over $15 billion in fundraising.
- McDonnell held roles at Patriarch Partners, Bank of America, and JP Morgan Chase, focusing on credit and portfolio strategy.
- Lloyd's resignation is not due to any disagreement with the Company on operations, policies, or accounting.

## SEC filing metadata
- accession: 0001379785-25-000052
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2025-11-06T23:59:59+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/1379785/000137978525000052/0001379785-25-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978525000052/bbdc-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-25-000052
- JSON: https://secwatch.observer/filing/0001379785-25-000052.json
- Plain text: https://secwatch.observer/filing/0001379785-25-000052.txt

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