Corporate GovernanceApr 30, 2026, 06:27 AM
HRZN Amends 10-K to Add Corporate Governance Details
AI Summary
Horizon Technology Finance Corporation filed an Amendment No. 1 to its 2025 Annual Report on Form 10-K to include Part III information, which was previously omitted. This amendment provides details on directors, executive officers, corporate governance, executive compensation, security ownership, and related party transactions, as the definitive proxy statement will not be filed within the required 120 days. It also updates Part IV and includes new Section 302 certifications.
Key Highlights
- Amendment filed to include omitted Part III information in 2025 Form 10-K.
- Part III includes Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership.
- New Section 302 Sarbanes-Oxley Act certifications added.
- Board of Directors has 8 members, with 6 independent directors as of March 3, 2026.
- Independent Directors received an annual fee of $102,000 for the year ended December 31, 2025.
- Total compensation for independent directors was $723,702 for the year ended December 31, 2025.
- Several directors are expected to resign due to the merger with Monroe Capital Corporation.
- Michael P. Balkin serves as CEO, and Robert D. Pomeroy, Jr. as Chairman of the Board.
Price Impact
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