Hercules Capital, Inc.

Hercules Capital, Inc. held its 2026 Annual Meeting of Stockholders, where all six proposals were approved. Stockholders elected Robert P. Badavas as a Class I independent director, approved named executive officer compensation on an advisory basis, and selected an annual frequency for future advisory votes on executive compensation. Additionally, amendments to both the 2018 Equity Incentive Plan and the 2018 Non-Employee Director Plan were approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor for 2026.

Hercules Capital, Inc. reported strong first quarter 2026 financial results, achieving record total new debt and equity commitments of $1.81 billion, a 77.8% increase year-over-year. The company also posted record total investment income of $141.5 million, up 18.4% year-over-year, and net investment income (NII) of $88.1 million, or $0.48 per share. Additionally, Hercules Capital declared a first quarter 2026 total cash distribution of $0.47 per share, comprising a $0.40 base and $0.07 supplemental distribution, payable on May 21, 2026. The company maintained disciplined credit standards, improving its weighted average portfolio grade to 2.11.

Hercules Capital, Inc. announced a strategic evolution of its executive leadership team, effective May 18, 2026. Seth H. Meyer, who has served as Chief Financial Officer since March 2019, has been appointed President. Andrew Olson, a seasoned finance executive with extensive experience across alternative asset management, banking, private credit, and private equity markets, will succeed Mr. Meyer as Chief Financial Officer and Head of Corporate Development. These changes are intended to accelerate the company's next phase of growth and operational scaling.