Gladstone Capital Corp (GLAD) News & EventsGLADNews & EventsGladstone Capital Corp

Gladstone Capital Appoints George Stelljes to Board of Directors

Gladstone Capital Corporation announced that George Stelljes, III has been elected to the 2028 class of directors for the Company, effective June 1, 2026. Mr. Stelljes has also been appointed to serve on the Company's Compensation Committee, Ethics, Nominating & Corporate Governance Committee and Valuation Committee. In connection with Mr. Stelljes' appointment, the size of the Company's board of directors has been expanded from seven to eight directors. Stelljes is currently the managing partner of St. John's Capital, LLC, a vehicle used to make private equity investments.

Gladstone Capital Announces New Executive Appointments

Gladstone Capital Corporation announced several executive officer appointments in connection with the Company's strategic succession plan. David Gladstone has stepped down as the Company's CEO effective immediately; however, he will remain as the Company's Chairman of the Board of Directors, a member of the Company's investment committee, and also continue as Chairman, CEO, and President of the Company's affiliated investment adviser, Gladstone Management Corporation. Robert Marcotte, who has served as the Company's President since 2013, has succeeded Mr. Gladstone as CEO, and John Sateri, a twenty-year veteran at Gladstone and a current member of the Company's investment committee, has been appointed CIO Michael McQuigg, Executive Vice President of the Company since 2021 who joined the Gladstone team in 2015 and has assumed roles of increasing responsibility since then, will succeed Mr. Marcotte as President, effective October 1, 2026. Additionally, Andrew Ahlberg, one of the Company's Managing Directors who has been with Gladstone since 2014, has been appointed Executive Vice President of the Company, effective immediately.

Company Reports Q1 NAV per Share of $21.13

Reports Q1 NAV per share $21.13. The company said, "Total investment income increased by $0.6 million, or 2.4%, for the quarter ended December 31, 2025, compared to the prior quarter ended September 30, 2025, driven primarily by a $0.1 million increase in interest income, quarter over quarter, and $0.4 million increase in other income. Interest income increased by $0.1 million, or 0.5%, quarter over quarter. The primary reason for the increase was an increase in the weighted average principal balance of our interest-bearing investment portfolio to $772.3 million during the quarter ended December 31, 2025, as compared to $752.0 million during the quarter ended September 30, 2025, an increase of $20.3 million, or 2.7%. This increasing factor was offset by a decrease in the weighted average yield to 12.2% during the quarter ended December 31, 2025 as compared to 12.5% during the quarter ended September 30, 2025. Other income increased by $0.4 million, or 270.5%, quarter over quarter primarily due to increases in prepayment fee income and success fees received quarter over quarter."