Gladstone Capital Corp Elects Independent Director Chip Stelljes

What Happened

• Gladstone Capital Corporation announced that its Board elected George “Chip” Stelljes, III to the Board effective June 1, 2026. Mr. Stelljes joins the Company’s 2028 class of directors; his term expires at the 2028 annual meeting of stockholders. The Company issued a press release on June 2, 2026 announcing the appointment.

Key Details

• Effective date: June 1, 2026.
• Term: Member of the 2028 director class; term expires at the 2028 annual meeting.
• Committee assignments: Compensation Committee; Ethics, Nominating and Corporate Governance Committee; Valuation Committee.
• Compensation: Will be paid on a pro‑rated basis under the Company’s independent director compensation program disclosed in the 2026 proxy.
• No related-party arrangements or transactions reportable under Item 404(a) of Regulation S‑K were disclosed.

Why It Matters

• Board composition changes can affect governance and oversight. Investors should note Gladstone Capital added an independent director with committee roles tied to pay, governance and asset valuation, and the company disclosed there are no reportable related-party transactions. The appointment was communicated via an 8‑K and press release, providing investors timely disclosure of the change.