Item 1.01 Entry Into A Material Definitive Agreement
On
As previously disclosed, the Transaction resulted in a change of control of
Crescent and an assignment of the investment advisory agreement between the
Company and the Advisor under the Investment Company Act of 1940 (the "1940
Act") and as a result, the Company's investment advisory agreement with the
Advisor terminated upon completion of the Transaction. At the special meeting of
stockholders of the Company held on
As described in the Proxy Statement, the Investment Advisory Agreement has an
initial term of two years. All other substantive terms remain unchanged from the
Company's prior investment advisory agreement with the Advisor. Information
regarding the material relationships between the Company and the Advisor is set
forth in "Certain Relationships and Related Party Transactions" in the Company's
proxy statement for its 2020 annual meeting, filed with the
The foregoing description of the Investment Advisory Agreement does not purport to be complete and is qualified in its entirety by reference to the Investment Advisory Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with the consummation of the Transaction and in order to ensure
that the Transaction complies with Section 15(f) of the 1940 Act, including the
requirement that at least 75% of the members of the Company's Board of Directors
(the "Board") not be "interested persons" (as defined in the 1940 Act) of the
Company, on
Item 9.01. Financial Statements and Exhibits.
d) Exhibits. Exhibit Number Description 10.1 Investment Advisory Agreement by and betweenCrescent Capital BDC, Inc. andCrescent Cap Advisors, LLC , dated as ofJanuary 5, 2021
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