Corporate GovernanceApr 30, 2026, 06:27 AM
HRZN Amends 10-K to Add Part III; 5 Directors to Resign Post-Merger
AI Summary
Horizon Technology Finance Corp (HRZN) filed an Amendment No. 1 to its 2025 Form 10-K to include Part III information, which was previously omitted due to a delayed proxy statement. This amendment details corporate governance, executive compensation, and security ownership. Notably, five directors, including Chairman Robert D. Pomeroy, Jr., are expected to resign from the Board in connection with the Company's merger with Monroe Capital Corporation. The filing also includes new Sarbanes-Oxley certifications and updates Part IV.
Key Highlights
- Five directors, including Chairman Robert D. Pomeroy, Jr., to resign due to Monroe Capital merger.
- Amendment includes Part III details: corporate governance, executive compensation, security ownership.
- New Section 302 Sarbanes-Oxley certifications filed by CEO and CFO.
- Board of Directors has 8 members, with 6 independent directors as of March 3, 2026.
- Independent Directors received total compensation of $723,702 for year ended Dec 31, 2025.
- All directors and executive officers as a group own 361,072 shares of common stock.
- CEO Michael P. Balkin and Chairman Robert D. Pomeroy, Jr. are interested directors.