Gladstone Capital announces board changes with resignation and new appointment

Gladstone Capital Corporation (NASDAQ:GLAD) announced changes to its board of directors on Monday, according to a press release statement based on an SEC filing. Walter H. Wilkinson Jr. has resigned from the company’s board, effective immediately. Wilkinson had served as a director since 2014 and as Lead Independent Director since 2024.

Following Wilkinson’s resignation, the board elected George “Chip” Stelljes, III to succeed him as Lead Independent Director. Stelljes’ appointment is effective Monday.

The board also set the number of directors at seven, effective Monday.

These updates are based solely on information provided in the company’s recent SEC Form 8-K filing.

In other recent news, Gladstone Capital Corporation reported its fiscal third-quarter earnings, surpassing expectations with net investment income of $11 million, or $0.49 per share. This figure exceeded the analyst estimate of $0.4783 per share. However, the company’s revenue for the quarter was $24.5 million, slightly below the forecasted $24.91 million. In additional developments, Michael McQuigg has been appointed as the new president of Gladstone Capital, taking over from Robert Marcotte, who will continue to serve as the chief executive officer. McQuigg has been with the company since 2015 and was previously the executive vice president and senior managing director. These changes in leadership were initially announced in March and have now taken effect.