Saratoga Investment Appoints Scott Zoellner to Board

Key Highlights

• Saratoga Investment Corp. increased its Board of Directors from five to six members.
• Scott E. Zoellner was appointed as a new director, effective immediately.
• His term will expire at the Company's 2027 annual meeting of stockholders.
• Mr. Zoellner was determined to be independent and not an "interested person" under NYSE rules and the Investment Company Act.
• He was appointed to the audit, compensation, and nominating and corporate governance committees.
• Mr. Zoellner is a Partner and Chief Operating and Financial Officer of Niobrara Capital.
• He previously served as a Partner at AEA Investors LP for 21 years, including as COO and Group Head of the Private Debt Group.
• The Company entered into an indemnification agreement with Mr. Zoellner.