Item 2.02. Results of Operations and Financial Condition
On November 8, 2022, New Mountain Finance Corporation ("NMFC" or the "Company")
issued a press release announcing financial results for its quarter-ended
September 30, 2022. The press release is included as Exhibit 99.1 and
incorporated herein by reference.
The information disclosed under this Item 2.02, including Exhibit 99.1 hereto,
is being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. The information provided herein shall not be deemed
incorporated by reference into any filing made under the Securities Act of 1933,
as amended, except as expressly set forth by specific reference in such filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On November 7, 2022, the Company's board of directors appointed John R. Kline as
the Chief Executive Officer of the Company, effective January 1, 2023, in
addition to continuing in his role as President and a director. Mr. Kline joined
New Mountain in 2008 and has been a senior executive within New Mountain
Capital's credit effort since its inception that year. Also on November 7, 2022,
the Company's board of directors received and accepted the resignation of Robert
A. Hamwee as Chief Executive Officer and appointed him Vice Chairman of the
board of directors, effective January 1, 2023, with the continued ability to
allocate half of his time to activities outside of credit and NMFC. As part of
his responsibilities, Mr. Hamwee will continue to: (i) serve as a director of
the Company and (ii) serve as a senior member of the Investment Committee of the
Company's Investment Adviser. The Company's Investment Adviser believes that its
management team, with the overall support of New Mountain Capital's team of 215
professionals, is adequately staffed to support the Company.
Item 7.01. Regulation FD Disclosure
On November 8, 2022, NMFC issued a press release, included herewith as Exhibit
99.1, announcing the declaration of a fourth quarter 2022 distribution of $0.32
per share, payable on December 30, 2022 to holders of record as of December 16,
2022. Additionally, on November 8, 2022, NMFC made available on its website,
http://www.newmountainfinance.com, a supplemental investor presentation with
respect to the earnings release.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto,
is being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. The information provided herein shall not be deemed
incorporated by reference into any filing made under the Securities Act of 1933,
as amended, except as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
d) Exhibits.
Exhibit
Number Description
99.1 Press Release, dated November 8, 2022
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