TriplePoint Venture Growth BDC Corp.

05/08/2024 | Press release | Distributed by Public on 05/08/2024 21:26

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 2, 2024, the Board of Directors of TriplePoint Venture Growth BDC Corp. (the "Company") appointed Matthew A. Galiani to serve as interim Chief Financial Officer of the Company, effective as of the close of business on August 9, 2024. As previously announced in June 2024, the Company is working with a leading executive search firm and has initiated a search for a permanent Chief Financial Officer.
Mr. Galiani, 33, has served as the Company's Controller since December 2022. He joined the Company in 2019 and served in various roles as Accounting Manager and Director of Finance, prior to being promoted to Controller. Prior to joining the Company, Mr. Galiani was employed at Medley Capital LLC, a middle market credit platform, where he served as an Accounting Manager of Medley Capital Corporation from 2015 to 2019 and began his career at Deloitte & Touche LLP. He obtained his CPA license in New York and holds a Bachelor of Science in Accounting and a Master of Science in Accountancy.
The Company does not pay cash compensation or provide other benefits directly to Mr. Galiani or to any of its other executive officers. Mr. Galiani is an employee of TriplePoint Capital LLC, the indirect sole owner of the Company's administrator, TriplePoint Administrator LLC (the "Administrator"), which is compensated for the services it provides to the Company pursuant to the terms of the administration agreement between the Company and the Administrator (the "Administration Agreement"). Pursuant to the Administration Agreement, the Company makes payments equal to its allocable portion of the Administrator's overhead and other expenses associated with performing its obligations under the Administration Agreement including, but not limited to, the Company's allocable portion of the costs of compensation of Mr. Galiani.
Mr. Galiani: (i) was not appointed as the Company's interim Chief Financial Officer pursuant to any arrangement or understanding with any other person; (ii) does not have a family relationship with any of the Company's directors or other executive officers; and (iii) other than as disclosed herein, has not engaged, since the beginning of the Company's last fiscal year, nor currently proposes to engage, in any transaction in which the Company was or is a participant.