GSV Capital Corp. announced that on March 15, 2017 Catherine J. Friedman and Bradford C. Koenig resigned as a member of the board of directors effective as of March 17, 2017. On March 16, 2017, the board appointed Marc Mazur to fill the vacancy on the board created by Ms. Friedman's resignation and to serve as a member of the board, effective March 17, 2017, until the company's 2019 annual meeting of stockholders and until his successor is duly elected and qualifies. Mr. Mazur will serve as the Chair of the audit committee of the board and as a member of the valuation committee of the board. The board also appointed David S. Pottruck to fill the vacancy on the board created by Mr. Koenig's resignation and to serve as a member of the board, effective May 31, 2017 until the company's 2018 annual meeting of stockholders and until his successor is duly elected and qualifies. Mr. Pottruck is expected to serve as a member of the nominating and corporate governance committee of the board and as a member of the compensation committee of the board.
SuRo Capital Corp. is an internally managed, non-diversified closed-end management investment company. The Company's investment objective is to maximize its portfolio's total return, principally by seeking capital gains on its equity and equity-related investments, and to a lesser extent, income from debt investments. The Company invests principally in the equity securities of what it believes to be rapidly growing venture-capital-backed emerging companies. The Company may invest in these portfolio companies through offerings of the prospective portfolio companies, transactions on secondary marketplaces for private companies, or negotiations with selling stockholders. It may invest in private credit and in founders equity, founders warrants, forward purchase agreements, and private investment in public equity transactions of special purpose acquisition companies. It invests in various industries, such as online education, pharmaceutical technology and home improvement finance.