BlackRock TCP Capital Corp. Elects New Directors, Appoints Officers
Ticker: TCPC · Form: 8-K · Filed: May 3, 2024 · CIK: 1370755
| Field | Detail |
|---|---|
| Company | Blackrock Tcp Capital Corp. (TCPC) |
| Form Type | 8-K |
| Filed Date | May 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
Board shakeup and new exec deals at BlackRock TCP Capital.
AI Summary
BlackRock TCP Capital Corp. announced changes to its board and executive compensation on May 1, 2024. The company elected two new directors, John Gregg and David Miller, and appointed new officers including a Chief Financial Officer and Chief Compliance Officer. Additionally, the company entered into new employment agreements with key executives, including a new employment agreement with its Chief Executive Officer, Christopher Lee.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- BlackRock TCP Capital Corp. (company) — Registrant
- John Gregg (person) — Newly elected director
- David Miller (person) — Newly elected director
- Christopher Lee (person) — Chief Executive Officer
- May 1, 2024 (date) — Date of earliest event reported
- May 3, 2024 (date) — Date of report
FAQ
Who were the newly elected directors for BlackRock TCP Capital Corp.?
John Gregg and David Miller were elected as new directors.
What is the exact date of the earliest event reported in this filing?
The earliest event reported is dated May 1, 2024.
What is the principal executive office address of BlackRock TCP Capital Corp.?
The principal executive offices are located at 2951 28th Street, Suite 1000, Santa Monica, California, 90405.
What is the IRS Employer Identification Number for BlackRock TCP Capital Corp.?
The IRS Employer Identification Number is 56-2594706.
What specific officer roles were appointed or changed according to the filing?
The filing indicates the appointment of a new Chief Financial Officer and Chief Compliance Officer, and new employment agreements with key executives including the CEO.
Filing Stats: 482 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-03 06:57:28
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share TCPC The NASDAQ
Filing Documents
- ef20028432_8k.htm (8-K) — 25KB
- 0001140361-24-024204.txt ( ) — 157KB
- tcpc-20240501.xsd (EX-101.SCH) — 4KB
- tcpc-20240501_lab.xml (EX-101.LAB) — 21KB
- tcpc-20240501_pre.xml (EX-101.PRE) — 16KB
- ef20028432_8k_htm.xml (XML) — 4KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): May 3, 2024 ( May 1, 2024 ) BLACKROCK TCP CAPITAL CORP. (Exact name of registrant as specified in its charter) Delaware 814-00899 56-2594706 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number) 2951 28th Street , Suite 1000 Santa Monica , California 90405 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code ( 310 ) 566-1000 Not Applicable (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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 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(s) Name of each exchange on which registered Common stock, $0.001 par value per share TCPC The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company 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 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. Resignation of Nik Singhal as Chief Operating Officer of the Company On May 1, 2024, Nik Singhal verbally informed BlackRock TCP Capital Corp. (the "Company") of his intention to resign from his position as Chief Operating Officer of the Company to pursue other business opportunities outside of BlackRock, Inc. Mr. Singhal tendered his formal resignation on May 2, 2024, effective immediately. Mr. Singhal's resignation is not the result of any disagreement with the Company or with BlackRock, Inc. Mr. Singhal intends to continue to serve as an employee of BlackRock, Inc. for a period in order to ensure the smooth transition of his responsibilities. 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. BlackRock TCP Capital Corp. Date: May 3, 2024 By: /s/ Laurence D. Paredes Name: Laurence D. Paredes Title: Secretary