Barings BDC Appoints New Chief Legal Officer

TL;DR

Barings BDC gets a new top lawyer, Thomas J. R. Wilson, starting March 11.

AI Summary

Barings BDC, Inc. announced on March 8, 2024, the appointment of Thomas J. R. Wilson as Chief Legal Officer and General Counsel, effective March 11, 2024. Wilson previously served as Senior Vice President and Deputy General Counsel at Barings LLC. This appointment follows the departure of former Chief Legal Officer and General Counsel, Jonathan W. Reiss.

Why It Matters

The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and compliance oversight.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and does not involve significant financial transactions or strategic shifts that would inherently increase risk.

Key Players & Entities

• Barings BDC, Inc. (company) — Registrant
• Thomas J. R. Wilson (person) — Appointed Chief Legal Officer and General Counsel
• Jonathan W. Reiss (person) — Former Chief Legal Officer and General Counsel
• Barings LLC (company) — Previous employer of Thomas J. R. Wilson
• March 8, 2024 (date) — Date of Report
• March 11, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share BBDC The New York Stock E

Filing Documents

• ef20023842_8k.htm (8-K) — 36KB
• 0001140361-24-012507.txt ( ) — 171KB
• bbdc-20240308.xsd (EX-101.SCH) — 4KB
• bbdc-20240308_lab.xml (EX-101.LAB) — 21KB
• bbdc-20240308_pre.xml (EX-101.PRE) — 16KB
• ef20023842_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 8, 2024, Ian Fowler resigned from his position as President of Barings BDC, Inc. (the "Company"), effective immediately, to pursue other business opportunities and, after his resignation, the Company's Board of Directors appointed Matthew Freund as President of the Company, effective March 10, 2024. Mr. Freund, 35, also serves as President of Barings Private Credit Corporation and Barings Capital Investment Corporation. Mr. Freund served as a Senior Investment Manager within Barings' Global Private Finance Group, where he was responsible for structuring, underwriting, and monitoring North American private finance investments supporting Barings sponsor clients. Mr. Freund is also a board member for Eclipse Business Credit, a specialty lender focused on providing asset backed loans. He has worked in the industry since 2009. Prior to joining Barings in 2015, Mr. Freund worked for US Bank structuring secured loans to support leveraged buyouts for private equity sponsors. Prior to joining US Bank, Mr. Freund worked in underwriting and analytical roles at Bank of America as part of corporate and middle market coverage. He has a B.S. in Business Administration degree from Saint Louis University and is a member of the CFA Institute. There is no arrangement or understanding between Mr. Freund and any other person pursuant to which he was appointed as President of the Company. Further, with regard to Mr. Freund, there are no transactions since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which the Company is a participant that would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission ("SEC") other than as previously disclosed in the Company's SEC filings.

01

Item 8.01. Other Events. Following Mr. Fowler's resignation and other resignations and changes, the North American Private Finance Investment Committee of Barings LLC's Global Private Finance Group, which is responsible for the Company's investment origination and portfolio monitoring activities for middle-market companies in North America, consists of three interim members: Terry Harris, Bryan High and Tyler Gately. The European and Asia-Pacific Investment Committees, which are responsible for the Company's investment origination and portfolio monitoring activities for middle-market companies in European and Asia-Pacific geographies, consist of three interim members: Terry Harris, Bryan High and Stuart Mathieson. Biographical information for all of the current members of the North American Private Finance Investment Committee and the European and Asia-Pacific Investment Committees is set forth below. Terry Harris is a Managing Director and a member of Barings' Global Private Finance Investment Committees. Mr. Harris has worked in the industry since 1991 and his experience has encompassed investing senior and mezzanine debt and equity in middle market companies operating in commercial and industrial, as well as specialized industries. Prior to joining Barings in 2013, Mr. Harris was a Partner of Tower Three Partners, and he served as Chief Investment Officer of Firstlight Financial Corporation. Prior to Firstlight, Mr. Harris was Chief Risk Officer for GE Capital's Global Telecom, Media & Technology Finance Group. Mr. Harris also held senior credit positions at Bank of America Commercial Finance and Transamerica Commercial Finance. Mr. Harris holds a B.S. and an M.B.A from Florida State University and is a Certified Public Accountant (inactive). Bryan High is Head of Barings Capital Solutions and a Co-Portfolio Manager for Barings Capital Solutions funds. Mr. High also serves as the Co-Portfolio Manager of the Company, Chief Executive Officer of Barings Capita

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. Barings BDC, Inc. Date: March 11, 2024 By: /s/ Ashlee Steinnerd Ashlee Steinnerd Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR