Ares Capital Reports Officer Compensation Arrangement Changes

TL;DR

**Ares Capital just tweaked executive pay, watch for impact on costs and performance.**

AI Summary

Ares Capital Corporation filed an 8-K on February 6, 2024, reporting an event on January 31, 2024, related to changes in compensatory arrangements for certain officers. This filing indicates potential adjustments to how the company's executives are paid, which could impact the company's operational costs and executive incentives. For investors, this matters because changes in executive compensation can influence management's motivation and the company's financial performance, potentially affecting stock value.

Why It Matters

Changes in executive compensation can directly affect a company's operating expenses and the incentives driving its leadership, which in turn can influence long-term shareholder value.

Risk Assessment

Risk Level: low — This filing reports a change in compensatory arrangements, which is a routine corporate governance matter and does not inherently signal significant financial distress or opportunity.

Analyst Insight

A smart investor would monitor subsequent filings or press releases for specific details regarding the changes in compensatory arrangements, as the current 8-K only indicates the category of the event without specifics. This could reveal impacts on future operating expenses or executive retention.

Key Players & Entities

• ARES CAPITAL CORPORATION (company) — the registrant filing the 8-K
• January 31, 2024 (date) — date of the earliest event reported
• February 6, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for Ares Capital Corporation
• 814-00663 (company) — Commission File Number for Ares Capital Corporation
• 33-1089684 (company) — IRS Employer Identification No. for Ares Capital Corporation
• 245 Park Avenue, 44th Floor, New York, NY 10167 (company) — principal executive offices address for Ares Capital Corporation
• 212-750-7300 (company) — telephone number for Ares Capital Corporation
• ARCC (company) — trading symbol for Ares Capital Corporation common stock
• NASDAQ Global Select Market (company) — exchange where Ares Capital Corporation common stock is registered

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value ARCC NASDAQ Global Select Mar

Filing Documents

• arcc-20240131.htm (8-K) — 28KB
• 0001287750-24-000003.txt ( ) — 153KB
• arcc-20240131.xsd (EX-101.SCH) — 2KB
• arcc-20240131_lab.xml (EX-101.LAB) — 24KB
• arcc-20240131_pre.xml (EX-101.PRE) — 13KB
• arcc-20240131_htm.xml (XML) — 3KB

From the Filing

arcc-20240131 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) January 31, 2024 ARES CAPITAL CORPORATION (Exact Name of Registrant as Specified in Charter) Maryland 814-00663 33-1089684 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 245 Park Avenue , 44th Floor , New York , NY 10167 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code ( 212 ) 750-7300 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common stock, $0.001 par value ARCC NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 31, 2024, the board of directors of the registrant appointed Paul Cho, age 41, as Chief Accounting Officer, effective as of February 15, 2024. Paul Cho is a Managing Director and Chief Accounting Officer in the Finance and Accounting Department of Ares Management Corporation, a Delaware corporation and an affiliate of the registrant's investment adviser ("Ares"). Prior to joining Ares in 2008, Paul Cho was at Macias Gini & O'Connell LLP, where he focused on audits of state and local government entities. Paul Cho holds a B.A. from the University of California, Berkeley in Economics. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARES CAPITAL CORPORATION Date: February 6, 2024 By: /s/ PENNI F. ROLL Name: Penni F. Roll Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR