Gladstone Capital Corporation (Nasdaq: GLAD) has announced the retirement of Terry Lee Brubaker, the Chief Operating Officer of the company, effective December 2, 2024. In addition to this role, Mr. Brubaker is also retiring as a director and executive officer of Gladstone Management Corporation and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, also effective December 2, 2024.
Following Mr. Brubaker’s departure, Michael LiCalsi, the company’s General Counsel and Secretary, will assume certain additional operational responsibilities. Gladstone Management will also conduct a national search for a Chief Investment Officer to fill Mr. Brubaker’s investment committee responsibilities.
David Gladstone, the Chairman and Chief Executive Officer, expressed his gratitude for Brubaker's contributions, highlighting his remarkable growth and steadfast dedication during his tenure at Gladstone.
Gladstone Capital Corporation is a publicly-traded business development company that invests in debt and equity securities, primarily consisting of secured first and second lien term loans to lower middle market businesses in the United States.
For more information on the business activities of Gladstone Capital and the other publicly-traded Gladstone funds, visit www.GladstoneCompanies.com. As a result of these announcements, the company's shares have moved 1.5% on the market, and are now trading at a price of $25.94. If you want to know more, read the company's complete 8-K report here.
