UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 10, 2024, the Board of Directors (the “Board”) of WhiteHorse Finance, Inc. (the “Company”), upon the recommendation of the Board’s Nominating and Corporate Governance Committee (the “Nominating Committee”), elected John P. Volpe to serve as a director of the Company as well as to serve as a member of the Board’s Audit Committee (the “Audit Committee”), Compensation Committee (the “Compensation Committee”) and Nominating Committee, in each case effective as of April 10, 2024. The Board determined that Mr. Volpe (i) is not an “interested person” of the Company under Section 2(a)(19) of the Investment Company Act of 1940, as amended, (ii) is independent for the purposes of Rule 10A-3 under the Securities Exchange Act of 1934, as amended and (iii) qualifies as an “independent director” pursuant to the provisions of Rule 5605(a)(2) under the Nasdaq Listing Rules, and he will thus serve as an independent director on the Board.
Mr. Volpe is a highly accomplished commercial lending leader with significant capital markets expertise across asset classes, including cash flow and asset based senior debt, junior debt, debt investment funds, equity, securitizations, leasing and insurance products. Mr. Volpe has over 25 years of experience in commercial lending, including 18 years with GE Capital, where he most recently served. He held numerous leadership roles at GE Capital, including Senior Managing Director, Alternative Funding, where he designed, implemented, and managed an innovative funding structure for asset based revolving loans and grew commitments under management to approximately $2.9 billion. Mr. Volpe received his Bachelor of Science degree in Finance from the University of Illinois.
There are no family relationships between Mr. Volpe and any of the Company’s current or former directors or executive officers. There is no arrangement or understanding between Mr. Volpe and any other person pursuant to which he was elected as a director of the Company. Further, with regard to Mr. Volpe, 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.
Item 8.01. Other Events.
On April 10, 2024, the Company issued a press release announcing that Mr. Volpe has been elected as a director of the Company and a member of the Audit Committee, the Compensation Committee and the Nominating Committee. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 | Press release dated April 10, 2024. | |||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||
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.
Dated: April 10, 2024 | WHITEHORSE FINANCE, INC. | |
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| By: | /s/ Joyson C. Thomas |
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| Joyson C. Thomas |
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| Chief Financial Officer |