Saratoga Investment Corp. Appoints Director Scott E. Zoellner

What Happened
Saratoga Investment Corp. announced on August 6, 2026 (effective August 5, 2026) that its Board increased from five to six members and appointed Scott E. Zoellner as a director for a term expiring at the Company’s 2027 annual meeting of stockholders. The Board determined Mr. Zoellner is not an “interested person” under the Investment Company Act and qualifies as independent under NYSE rules. He was named to the audit committee, compensation committee, and nominating and corporate governance committee.

Key Details

• Board size increased from five to six members; appointment effective August 5, 2026.
• Director term expires at the Company’s 2027 annual meeting.
• Mr. Zoellner appointed to audit, compensation, and nominating & corporate governance committees.
• Background: Partner and Chief Operating & Financial Officer at Niobrara Capital; previously 21 years at AEA Investors (including COO and Head of Private Debt); earlier leveraged finance role at Credit Suisse; B.A. from Trinity College and MBA from NYU Stern.
• Board concluded there are no family ties, related-party transactions requiring Item 404(a) disclosure, or selection arrangements; an indemnification agreement was entered in connection with the appointment.

Why It Matters
This change adds an independent director with deep private equity, debt and capital-markets experience to Saratoga’s board and key committees, which may strengthen financial oversight and governance. For investors, committee composition and director independence are relevant to audit quality, executive compensation oversight, and corporate governance practices—factors that can influence trust in management and risk oversight.