Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
Departure of Officer
On April 10, 2023, Ross Teune notified the board of directors (the "Board") of
OFS Capital Corporation (the "Company"), a Delaware corporation that has elected
to be regulated as a business development company under the Investment Company
Act of 1940, as amended, of his intention to resign. Mr. Teune's resignation as
Chief Accounting Officer is effective on April 21, 2023. The resignation was not
in any way related to a disagreement with the Company on any matter relating to
the Company's operations, policies, practices or otherwise.
(c)
Appointment of Officer
On April 12, 2023, the Board voted to appoint Kyle Spina as Chief Accounting
Officer of the Company, effective as of April 21, 2023, to fill the vacancy
created by the resignation of Mr. Teune.
Mr. Spina, age 36, currently serves as Vice President and Controller of Fund
Accounting and Reporting for funds managed by OFS Capital Management, LLC, a
Delaware limited liability company and investment adviser of the Company (the
"Adviser"). Mr. Spina has nearly 15 years of experience in public and private
accounting. Prior to joining the Adviser in April 2021, Mr. Spina held multiple
controllership roles, serving as Assistant Controller of Credit Funds for Thoma
Bravo, LP from 2020 to 2021 and Controller and Accounting Manager for Fidus
Investment Corporation (NASDAQ: FDUS) and affiliates from 2016 to 2020. Mr.
Spina began his career in public accounting from 2009 to 2016, including serving
as an Audit Manager at BDO from 2014 to 2016, focusing on audits of public
companies. Mr. Spina graduated from Purdue University with a Bachelor of Science
degree in Accounting and Management and has been an active Certified Public
Accountant since 2010.
There is no other arrangement or understanding between Mr. Spina and any other
person pursuant to which he was appointed Chief Accounting Officer, nor is there
any family relationship between Mr. Spina and any of the Company's directors or
other executive officers of the Company. 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, the amount involved exceeds
$120,000, and in which Mr. Spina had, or will have, a direct or indirect
material interest.
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