CNL Strategic Capital Files 8-K on Director/Officer Changes

TL;DR

CNL Strategic Capital 8-K: Director/officer changes and compensation updates filed.

AI Summary

CNL Strategic Capital, LLC filed an 8-K on October 24, 2025, reporting events as of October 23, 2025. The filing indicates changes related to the departure and election of directors, appointment of officers, and compensatory arrangements. It also covers other events and financial statements/exhibits.

Why It Matters

This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.

Risk Assessment

Risk Level: low — The filing is a standard corporate disclosure of administrative and personnel changes, not indicating immediate financial distress or significant operational disruption.

Key Players & Entities

• CNL Strategic Capital, LLC (company) — Registrant
• October 23, 2025 (date) — Date of Earliest Event Reported
• October 24, 2025 (date) — Filing Date
• 407-650-1000 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $1.43 billion — mpany had total assets of approximately $1.43 billion. Public Offering Price Adjustment On
• $0.104167 — November 25, 2025 November 26, 2025 $0.104167 $0.104167 $0.083333 $0.093750 $0.10
• $0.083333 — ovember 26, 2025 $0.104167 $0.104167 $0.083333 $0.093750 $0.104167 $0.104167 Retu
• $0.093750 — 2025 $0.104167 $0.104167 $0.083333 $0.093750 $0.104167 $0.104167 Return Informat
• $1,017 — due from the Manager and Sub-Manager of $1,017 for the nine months ended September 30,
• $16,029 — nths ended September 30, 2025, excludes $16,029 of distributions reinvested pursuant to

Filing Documents

• cnl_8k-102325.htm (8-K) — 97KB
• ex17-1.htm (EX-17.1) — 3KB
• 0001999371-25-016069.txt ( ) — 270KB
• cnl-20251023.xsd (EX-101.SCH) — 3KB
• cnl-20251023_lab.xml (EX-101.LAB) — 33KB
• cnl-20251023_pre.xml (EX-101.PRE) — 22KB
• cnl_8k-102325_htm.xml (XML) — 3KB

02. Departure of Directors or Certain Officers; Election of Directors;

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 23, 2025, Mr. Arthur Levine announced his resignation from the board of directors (the "Board") of CNL Strategic Capital, LLC (the "Company"), effective as of 11:59 p.m. on October 31, 2025, in connection with general succession planning at Levine Leichtman Capital Partners ("LLCP"). Mr. Levine, who served as a member of the Board since 2016, indicated that his resignation was not the result of any disagreement with the Company regarding its operations, policies, practices or otherwise. Mr. Levine will retain his current positions with LLCP. On October 23, 2025, the Board appointed Andrew M. Schwartz to fill the vacancy on the Board created by Mr. Levine's resignation. The appointment of Mr. Schwartz is effective as of November 1, 2025. Mr. Schwartz was appointed to serve as a Class III director for a remaining term expiring at the Company's 2027 Annual Meeting of Shareholders and until his successor is duly elected and qualified. Mr. Schwartz was selected as an interested director on the Board because of his prior leadership experience at LLCP and his experience acquiring and managing businesses. Mr. Schwartz has not been elected to serve as a member of the Board pursuant to any agreement or understanding with the Company or any other person. Mr. Schwartz will be employed by and will receive compensation from affiliates of our Sub-Manager and as such, the Company will not be separately compensating him for his services as a director of the Company. There are no reportable transactions between Mr. Schwartz and the Company pursuant to Rule 404(a) of Regulation S-K promulgated by the United States Securities and Exchange Commission. Set for below is biographical information for Mr. Schwartz: Andrew M. Schwartz , serves as a director on our Board. Mr. Schwartz joined LLCP in 2011 and currently serv

01 Other Events

Item 8.01 Other Events. Determination of Net Asset Value for Outstanding Shares for the month ended September 30, 2025 On October 23, 2025, the Board determined the Company's net asset value per share for each share class in a manner consistent with the Company's valuation policy, as described under "Determination of Net Asset Value" in the Company's Prospectus. This table provides the Company's aggregate net asset value and net asset value per share for its Class FA, Class A, Class T, Class D, Class I, and Class S shares as of September 30, 2025 (in thousands, except per share data): Month Ended September 30, 2025 Class FA Class A Class T Class D Class I Class S Total Net Asset Value $ 162,757 $ 333,763 $ 84,073 $ 113,745 $ 604,439 $ 72,310 $ 1,371,087 Number of Outstanding Shares 3,871 8,897 2,244 3,054 15,924 1,699 35,689 Net Asset Value, Per Share $ 42.05 $ 37.51 $ 37.46 $ 37.24 $ 37.96 $ 42.55 Net Asset Value, Per Share Prior Month $ 41.82 $ 37.48 $ 37.37 $ 37.19 $ 37.98 $ 42.43 Increase/Decrease in Net Asset Value, Per Share from Prior Month $ 0.23 $ 0.03 $ 0.09 $ 0.05 ($ 0.02 ) $ 0.12 The change in the Company's net asset value per share for each applicable share class for the month ended September 30, 2025 was primarily driven by the increases in the fair value of ten out of seventeen of the Company's portfolio company investments. The fair value of five of the Company's portfolio company investments decreased during the same period. The fair value of two of the Company's portfolio company investments did not change. As of September 30, 2025, the Company had total assets of approximately $1.43 billion. Public Offering Price Adjustment On October 23, 2025, the Board approved the new per share public offering price for each share class in the Company's offering. The new public offering prices will be effective as of October 30, 2025 and will be used for the Company's next monthly closing for su

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 17.1 Resignation Letter of Arthur E. Levine as Director of CNL Strategic Capital, LLC, dated October 23, 2025 (Filed herewith.) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Cautionary Note Regarding Forward-Looking Report on Form 8-K, including intentions, beliefs, expectations or projections relating to the items described herein, are forward-looking as amended. These statements are based on the beliefs and assumptions of the Company's management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words "believes," "expects," "intends," "plans," "will," "estimates" or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. Any forward-looking statement made by us in this Current Report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company's ability to pay distributions and the sources of such distribution payments, the Company's ability to locate and make suitable investments, the economy and the broader financial markets, which may have a significant negative impact on the

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View this 8-K filing on SEC EDGAR