Saratoga Investment Corp. CFO Steps Down; Controller Promoted

What Happened

• Saratoga Investment Corp. (SAR) filed an 8‑K reporting that Henri J. Steenkamp notified the Board on September 16, 2026 that he will step down as the Company’s Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary for health reasons, effective October 31, 2026.
• The Board announced on September 18, 2026 promotions to take effect October 31, 2026: Controller Christine Ramdihal will become Chief Accounting Officer and Treasurer and will serve as the Company’s principal financial officer; Rochelle Kracoff, previously Assistant Chief Compliance Officer and Treasury Manager, will become Chief Compliance Officer and Secretary.
• Mr. Steenkamp will remain a director, continue as CFO of the Company’s SBIC subsidiaries, and will provide consulting support during the transition. He did not express any disagreement with the Company.

Key Details

• Notice date: September 16, 2026; Board actions announced: September 18, 2026; Effective Date: October 31, 2026.
• Roles changing: CFO, Chief Compliance Officer, Treasurer and Secretary (Steenkamp → departing these Company officer roles); Christine Ramdihal named principal financial officer (Chief Accounting Officer & Treasurer); Rochelle Kracoff named Chief Compliance Officer & Secretary.
• Mr. Steenkamp to serve as consultant and remain on the Board and as SBIC subsidiaries’ CFO.
• Company disclosed no arrangements, related-party transactions, or disagreements requiring additional disclosure for the promoted officers.

Why It Matters

• Investors should note a change in the Company’s principal financial officer and compliance leadership, which affects who is responsible for financial reporting and internal controls.
• The filing emphasizes continuity: the outgoing CFO will remain involved as a director and consultant and will continue in finance roles for the company’s SBIC subsidiaries, reducing disruption risk during the transition.
• No reported disagreements or related-party issues were disclosed, and the Board completed internal promotions rather than external hires.