XFLT: Officer Compensation, Director Changes, Reg FD Disclosure

TL;DR

**XFLT just reported executive compensation and board changes, keep an eye on leadership shifts.**

AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) filed an 8-K on January 4, 2024, reporting an event that occurred on January 1, 2024. The filing indicates a change in compensatory arrangements for certain officers and potentially the departure or election of directors, as well as Regulation FD Disclosure. This matters to investors because changes in executive compensation or leadership can signal shifts in company strategy or financial health, potentially impacting future stock performance.

Why It Matters

Changes in executive compensation and board composition can influence a company's governance, strategic direction, and ultimately, its financial performance and stock value.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not fully disclosed in this summary, making the impact unclear.

Analyst Insight

Investors should monitor subsequent filings or press releases from XAI Octagon Floating Rate & Alternative Income Term Trust for specific details regarding the changes in officer compensation, director appointments/departures, and the nature of the Regulation FD disclosure to understand the full implications.

Key Players & Entities

• XAI Octagon Floating Rate & Alternative Income Term Trust (company) — the registrant filing the 8-K
• January 1, 2024 (date) — date of the earliest event reported
• January 3, 2024 (date) — date of report
• January 4, 2024 (date) — filed as of date
• 811-23247 (number) — Commission File Number
• 312-374-6930 (number) — registrant's telephone number

FAQ

Key Financial Figures

• $25.00 — ferred Shares (Liquidation Preference $25.00) XFLTPRA New York Stock Exchange

Filing Documents

• ea167855_8k.htm (8-K) — 42KB
• ea167855_ex99-1.htm (EX-99.1) — 16KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• 0001213900-24-000899.txt ( ) — 280KB
• xflt-20240101.xsd (EX-101.SCH) — 4KB
• xflt-20240101_def.xml (EX-101.DEF) — 26KB
• xflt-20240101_lab.xml (EX-101.LAB) — 36KB
• xflt-20240101_pre.xml (EX-101.PRE) — 25KB
• ea167855_8k_htm.xml (XML) — 5KB

02. Departure

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers The Board of Trustees of XAI Octagon Floating Rate & Alternative Income Term Trust (the "Trust") has appointed William T. Meyers as an interested trustee, effective as of January 1, 2024. Mr. Meyers currently serves as President of Rivendell Financial Group, LLC (2021-present). Previously, Mr. Meyers was a Senior Advisor at XA Investments, LLC, the Trust's investment adviser (2021-2023); Senior Managing Director (2017-2020) and Managing Director (2016-2017) of Nuveen Securities, LLC and Nuveen Fund Advisors, LLC; Senior Vice President (2010-2016) of Nuveen, and has held various positions with Nuveen since 1991. Mr. Meyers has more than 35 years of experience in the investment management industry, and has personally been involved in origination of more than 150 publicly-traded closed end products. Mr. Meyers's experience at Nuveen encompassed fund syndication, product development, and product and leverage management. He has a bachelor's degree from Marquette University and an MBA from the University of Chicago Booth School of Business. Mr. Meyers is currently considered an "interested person" of the Trust because of his prior position as a Senior Adviser of the Trust's investment adviser.

01. Regulation

Item 7.01. Regulation FD Disclosure On January 3, 2024, the Trust announced that, effective January 1, 2024, Lauren Law, Senior Portfolio Manager at Octagon Credit Investors, LLC ("Octagon") and a member of the firm's Investment Committee, assumed the position of lead portfolio manager of the Trust. Gretchen Lam previously served as lead portfolio manager of the Trust; effective January 1, 2024, Ms. Lam serves as Chief Executive Officer of Octagon. Ms. Law is supported by a team of Octagon investment professionals in the day-to-day management of the Trust's portfolio, including Ms. Lam, who will continue to serve on Octagon's Investment Committee. In connection with the foregoing, on January 3, 2024, the Trust issued a press release, which is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference. The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, shall be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated January 3, 2024 1 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. XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TERM TRUST Date: January 3, 2024 By: /s/ Benjamin D. McCulloch Name: Benjamin D. McCulloch Title: Secretary and Chief Legal Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR