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[8-K] SuRo Capital Corp. Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

SuRo Capital Corp. (SSSS) filed a Form 8-K disclosing a governance change effective July 1, 2025. The Board of Directors increased its size from five to six members and appointed Richard Szuch to fill the new seat. Mr. Szuch has been deemed an independent director under Nasdaq Global Select Market rules and is not an “interested personâ€� under the Investment Company Act of 1940. He will serve on three key committees—Nominating & Corporate Governance, Valuation, and Compensation—and his term will run until the 2027 annual meeting or until a successor is elected. Compensation will follow the Company’s existing director pay program as last disclosed in the April 11, 2025 proxy statement. The filing states there are no related-party arrangements or transactions involving Mr. Szuch that require disclosure. No financial statements or other material business developments were included in this report.

SuRo Capital Corp. (SSSS) ha presentato un modulo 8-K comunicando un cambiamento nella governance con effetto dal 1° luglio 2025. Il Consiglio di Amministrazione ha aumentato il numero dei membri da cinque a sei e ha nominato Richard Szuch per occupare il nuovo posto. Il Sig. Szuch è stato considerato un amministratore indipendente secondo le regole del Nasdaq Global Select Market e non è una “persona interessata� ai sensi dell’Investment Company Act del 1940. Siederà in tre comitati chiave: Nominating & Corporate Governance, Valuation e Compensation, e il suo mandato durerà fino all’assemblea annuale del 2027 o fino all’elezione di un successore. La retribuzione seguirà il programma di compenso per amministratori già in vigore, come indicato nell’ultima dichiarazione proxy dell�11 aprile 2025. Nel documento si specifica che non vi sono accordi o transazioni con parti correlate che coinvolgano il Sig. Szuch che richiedano divulgazione. Il rapporto non include bilanci o altri sviluppi aziendali rilevanti.

SuRo Capital Corp. (SSSS) presentó un Formulario 8-K informando un cambio en la gobernanza efectivo a partir del 1 de julio de 2025. La Junta Directiva aumentó su tamaño de cinco a seis miembros y nombró a Richard Szuch para ocupar el nuevo puesto. El Sr. Szuch ha sido considerado un director independiente según las normas del Nasdaq Global Select Market y no es una “persona interesada� bajo la Ley de Compañías de Inversión de 1940. Formará parte de tres comités clave: Nominating & Corporate Governance, Valuation y Compensation, y su mandato durará hasta la reunión anual de 2027 o hasta que se elija un sucesor. La compensación seguirá el programa de pago para directores de la Compañía, tal como se divulgó en la declaración proxy del 11 de abril de 2025. El documento indica que no existen acuerdos o transacciones con partes relacionadas que involucren al Sr. Szuch que requieran divulgación. No se incluyeron estados financieros ni otros desarrollos comerciales materiales en este informe.

SuRo Capital Corp. (SSSS)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� 발효ë˜ëŠ” 지배구ì¡� ë³€ê²� 사항ì� 공시하는 Form 8-Kë¥� 제출했습니다. ì´ì‚¬íšŒëŠ” 구성ì›ì„ 5명ì—ì„� 6명으ë¡� 늘리ê³� Richard Szuchë¥� ìƒ� ì´ì‚¬ë¡� 임명했습니다. Szuch 씨는 Nasdaq Global Select Market 규정ì—� ë”°ë¼ ë…립 ì´ì‚¬ë¡� 간주ë˜ë©° 1940ë…� 투ìžíšŒì‚¬ë²•ì— ë”°ë¥¸ 'ì´í•´ê´€ê³„ìž'ê°€ 아닙니다. 그는 Nominating & Corporate Governance, Valuation, Compensation ë“� ì„� ê°œì˜ ì£¼ìš” 위ì›íšŒì—ì„� 활ë™í•˜ë©° 임기ëŠ� 2027ë…� ì—°ë¡€ ì´íšŒê¹Œì§€ ë˜ëŠ” 후임ìžê°€ ì„ ì¶œë� 때까지입니ë‹�. 보수ëŠ� 2025ë…� 4ì›� 11ì� 공개ë� 회사ì� 기존 ì´ì‚¬ 보수 프로그램ì� 따릅니다. 제출ë� 문서ì—는 Szuch 씨와 ê´€ë ¨ëœ íŠ¹ìˆ˜ ê´€ê³„ìž ê±°ëž˜ë‚� 계약ì� ì—†ìŒì� 명시하고 있습니다. ì� 보고서ì—ëŠ� 재무제표ë‚� 기타 주요 사업 개발 ë‚´ìš©ì� í¬í•¨ë˜ì§€ 않았습니ë‹�.

SuRo Capital Corp. (SSSS) a déposé un formulaire 8-K divulguant un changement de gouvernance effectif au 1er juillet 2025. Le conseil d'administration a augmenté sa taille de cinq à six membres et a nommé Richard Szuch pour occuper ce nouveau siège. M. Szuch a été considéré comme un administrateur indépendant selon les règles du Nasdaq Global Select Market et n’est pas une « personne intéressée » au sens de l’Investment Company Act de 1940. Il siégera dans trois comités clés : Nominating & Corporate Governance, Valuation et Compensation, et son mandat durera jusqu’� l’assemblée générale annuelle de 2027 ou jusqu’� l’élection d’un successeur. Sa rémunération suivra le programme de rémunération des administrateurs en vigueur, tel que divulgué dans la déclaration de procuration du 11 avril 2025. Le dépôt indique qu’il n’existe aucun accord ou transaction avec des parties liées impliquant M. Szuch nécessitant une divulgation. Aucun état financier ni autre développement commercial important n’a été inclus dans ce rapport.

Die SuRo Capital Corp. (SSSS) hat ein Formular 8-K eingereicht, das eine Governance-Änderung mit Wirkung zum 1. Juli 2025 offenlegt. Der Vorstand hat seine Größe von fünf auf sechs Mitglieder erhöht und Richard Szuch als neues Mitglied berufen. Herr Szuch gilt gemäß den Regeln des Nasdaq Global Select Market als unabhängiges Vorstandsmitglied und ist keine „interessierte Person� im Sinne des Investment Company Act von 1940. Er wird in drei wichtigen Ausschüssen tätig sein � Nominating & Corporate Governance, Valuation und Compensation � und seine Amtszeit läuft bis zur Hauptversammlung 2027 oder bis zur Wahl eines Nachfolgers. Die Vergütung erfolgt gemäß dem bestehenden Vergütungsprogramm für Direktoren, zuletzt offengelegt in der Proxy-Erklärung vom 11. April 2025. In der Einreichung wird angegeben, dass es keine Geschäfte oder Vereinbarungen mit nahestehenden Personen gibt, die Herrn Szuch betreffen und offengelegt werden müssen. Es wurden keine Finanzberichte oder sonstige wesentliche geschäftliche Entwicklungen in diesem Bericht aufgenommen.

Positive
  • Board independence strengthened by adding a director classified as independent under Nasdaq rules.
  • Committee capacity enhanced as the new member joins three key oversight committees, supporting governance best practices.
Negative
  • None.

Insights

TL;DR: Adds one independent director, slightly improves governance; negligible direct financial impact.

The appointment of Richard Szuch expands SuRo Capital’s board to six members, maintaining a majority of independent directors and strengthening committee depth. Assigning him to the Nominating, Valuation, and Compensation Committees aligns with best-practice oversight structures. Because the change does not alter strategy, capital structure, or earnings guidance, immediate valuation impact is minimal. However, incremental governance improvements can support investor confidence and fulfill exchange listing requirements, particularly for a business development company operating under the Investment Company Act. Overall, the event is routine, carries low execution risk, and should be viewed as neutral to slightly positive from a shareholder rights perspective.

SuRo Capital Corp. (SSSS) ha presentato un modulo 8-K comunicando un cambiamento nella governance con effetto dal 1° luglio 2025. Il Consiglio di Amministrazione ha aumentato il numero dei membri da cinque a sei e ha nominato Richard Szuch per occupare il nuovo posto. Il Sig. Szuch è stato considerato un amministratore indipendente secondo le regole del Nasdaq Global Select Market e non è una “persona interessata� ai sensi dell’Investment Company Act del 1940. Siederà in tre comitati chiave: Nominating & Corporate Governance, Valuation e Compensation, e il suo mandato durerà fino all’assemblea annuale del 2027 o fino all’elezione di un successore. La retribuzione seguirà il programma di compenso per amministratori già in vigore, come indicato nell’ultima dichiarazione proxy dell�11 aprile 2025. Nel documento si specifica che non vi sono accordi o transazioni con parti correlate che coinvolgano il Sig. Szuch che richiedano divulgazione. Il rapporto non include bilanci o altri sviluppi aziendali rilevanti.

SuRo Capital Corp. (SSSS) presentó un Formulario 8-K informando un cambio en la gobernanza efectivo a partir del 1 de julio de 2025. La Junta Directiva aumentó su tamaño de cinco a seis miembros y nombró a Richard Szuch para ocupar el nuevo puesto. El Sr. Szuch ha sido considerado un director independiente según las normas del Nasdaq Global Select Market y no es una “persona interesada� bajo la Ley de Compañías de Inversión de 1940. Formará parte de tres comités clave: Nominating & Corporate Governance, Valuation y Compensation, y su mandato durará hasta la reunión anual de 2027 o hasta que se elija un sucesor. La compensación seguirá el programa de pago para directores de la Compañía, tal como se divulgó en la declaración proxy del 11 de abril de 2025. El documento indica que no existen acuerdos o transacciones con partes relacionadas que involucren al Sr. Szuch que requieran divulgación. No se incluyeron estados financieros ni otros desarrollos comerciales materiales en este informe.

SuRo Capital Corp. (SSSS)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� 발효ë˜ëŠ” 지배구ì¡� ë³€ê²� 사항ì� 공시하는 Form 8-Kë¥� 제출했습니다. ì´ì‚¬íšŒëŠ” 구성ì›ì„ 5명ì—ì„� 6명으ë¡� 늘리ê³� Richard Szuchë¥� ìƒ� ì´ì‚¬ë¡� 임명했습니다. Szuch 씨는 Nasdaq Global Select Market 규정ì—� ë”°ë¼ ë…립 ì´ì‚¬ë¡� 간주ë˜ë©° 1940ë…� 투ìžíšŒì‚¬ë²•ì— ë”°ë¥¸ 'ì´í•´ê´€ê³„ìž'ê°€ 아닙니다. 그는 Nominating & Corporate Governance, Valuation, Compensation ë“� ì„� ê°œì˜ ì£¼ìš” 위ì›íšŒì—ì„� 활ë™í•˜ë©° 임기ëŠ� 2027ë…� ì—°ë¡€ ì´íšŒê¹Œì§€ ë˜ëŠ” 후임ìžê°€ ì„ ì¶œë� 때까지입니ë‹�. 보수ëŠ� 2025ë…� 4ì›� 11ì� 공개ë� 회사ì� 기존 ì´ì‚¬ 보수 프로그램ì� 따릅니다. 제출ë� 문서ì—는 Szuch 씨와 ê´€ë ¨ëœ íŠ¹ìˆ˜ ê´€ê³„ìž ê±°ëž˜ë‚� 계약ì� ì—†ìŒì� 명시하고 있습니다. ì� 보고서ì—ëŠ� 재무제표ë‚� 기타 주요 사업 개발 ë‚´ìš©ì� í¬í•¨ë˜ì§€ 않았습니ë‹�.

SuRo Capital Corp. (SSSS) a déposé un formulaire 8-K divulguant un changement de gouvernance effectif au 1er juillet 2025. Le conseil d'administration a augmenté sa taille de cinq à six membres et a nommé Richard Szuch pour occuper ce nouveau siège. M. Szuch a été considéré comme un administrateur indépendant selon les règles du Nasdaq Global Select Market et n’est pas une « personne intéressée » au sens de l’Investment Company Act de 1940. Il siégera dans trois comités clés : Nominating & Corporate Governance, Valuation et Compensation, et son mandat durera jusqu’� l’assemblée générale annuelle de 2027 ou jusqu’� l’élection d’un successeur. Sa rémunération suivra le programme de rémunération des administrateurs en vigueur, tel que divulgué dans la déclaration de procuration du 11 avril 2025. Le dépôt indique qu’il n’existe aucun accord ou transaction avec des parties liées impliquant M. Szuch nécessitant une divulgation. Aucun état financier ni autre développement commercial important n’a été inclus dans ce rapport.

Die SuRo Capital Corp. (SSSS) hat ein Formular 8-K eingereicht, das eine Governance-Änderung mit Wirkung zum 1. Juli 2025 offenlegt. Der Vorstand hat seine Größe von fünf auf sechs Mitglieder erhöht und Richard Szuch als neues Mitglied berufen. Herr Szuch gilt gemäß den Regeln des Nasdaq Global Select Market als unabhängiges Vorstandsmitglied und ist keine „interessierte Person� im Sinne des Investment Company Act von 1940. Er wird in drei wichtigen Ausschüssen tätig sein � Nominating & Corporate Governance, Valuation und Compensation � und seine Amtszeit läuft bis zur Hauptversammlung 2027 oder bis zur Wahl eines Nachfolgers. Die Vergütung erfolgt gemäß dem bestehenden Vergütungsprogramm für Direktoren, zuletzt offengelegt in der Proxy-Erklärung vom 11. April 2025. In der Einreichung wird angegeben, dass es keine Geschäfte oder Vereinbarungen mit nahestehenden Personen gibt, die Herrn Szuch betreffen und offengelegt werden müssen. Es wurden keine Finanzberichte oder sonstige wesentliche geschäftliche Entwicklungen in diesem Bericht aufgenommen.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

June 18, 2025

 

SURO CAPITAL CORP.

(Exact name of registrant as specified in its charter)

 

Maryland   1-35156   27-4443543

(State or other jurisdiction of

incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

640 Fifth Avenue

12th Floor

New York, NY 10019

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (212) 931-6331

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class:   Trading symbol:  

Name of each exchange on which registered:

Common Stock, par value $0.01 per share   SSSS   Nasdaq Global Select Market
6.00% Notes due 2026   SSSSL   Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 5.02. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

  

On June 18, 2025, the Board of Directors (the “Board”) of SuRo Capital Corp. (the “Company”), in accordance with its bylaws, increased the size of the Board from five to six directors, creating a vacancy to be filled by a new director and to serve with the class of directors whose terms expire at the Company’s 2027 annual meeting of stockholders. In connection with the foregoing, the Board appointed Richard Szuch as a director, effective July 1, 2025. Mr. Szuch was also appointed as a member of the following committees of the Board: the Nominating and Corporate Governance Committee; the Valuation Committee; and the Compensation Committee.

 

The Board has determined that Mr. Szuch qualifies as an independent director under the applicable Nasdaq Global Select Market rules and that Mr. Szuch is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended) of the Company. Accordingly, Mr. Szuch will serve as one of the Company’s independent directors. His term will expire at the Company’s 2027 annual meeting of stockholders, or until his successor is duly elected and qualified.

 

Mr. Szuch will be entitled to the applicable annual fee and other compensation in accordance with the Company’s existing director compensation arrangements, consistent with terms previously disclosed by the Company. Most recently, such compensation terms were disclosed under the heading “Compensation of Directors” in the Company’s proxy statement for its 2025 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on April 11, 2025. There are no arrangements or understandings between Mr. Szuch and any other persons pursuant to which he was appointed as a director. Additionally, there are no transactions involving Mr. Szuch that require disclosure under Item 404(a) of Regulation S-K.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.   Description
     
Exhibit 104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 20, 2025 SURO CAPITAL CORP.
     
  By: /s/ Allison Green
    Allison Green
    Chief Financial Officer, Chief Compliance Officer, Treasurer and Corporate Secretary

 

 

 

 

FAQ

What change did SuRo Capital Corp. (SSSS) report in its June 18, 2025 Form 8-K?

The Board expanded from five to six directors and appointed Richard Szuch as an independent director effective July 1, 2025.

Is the new SuRo Capital director considered independent?

Yes, the Board determined Mr. Szuch meets Nasdaq independence standards and is not an “interested personâ€� under the Investment Company Act.

Which board committees will Richard Szuch join at SuRo Capital?

He will serve on the Nominating & Corporate Governance, Valuation, and Compensation Committees.

When will Richard Szuch’s term as director of SSSS expire?

His term runs until SuRo Capital’s 2027 annual meeting of stockholders, or until a successor is elected and qualified.

Were any related-party transactions disclosed with Richard Szuch’s appointment?

No. The company stated there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Suro Capital Corp

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