AG真人官方

WhiteHorse Finance, Inc. (WHF) filed a DEFA14A to update the 鈥淧rincipal Accountant Fees and Services鈥� table in its 2025 proxy materials. The only change is the inclusion of 2024 audit-related figures for Crowe LLP, the Company鈥檚 independent public accounting firm.

• Audit Fees (2024): $565 thousand, up from $470 thousand in 2023, reflecting the cost of Crowe鈥檚 attestation of internal controls over financial reporting.
• Total Accounting Fees (2024): $595 thousand versus $540 thousand in 2023, a 10% increase.
• Audit-Related Fees and Tax Fees remained nil for both years; 鈥淎ll Other Fees鈥� fell to $30 thousand from $70 thousand.

No other proxy disclosures or shareholder proposals were altered. The Board unanimously reiterates its recommendation to vote 鈥淔OR鈥� the ratification of Crowe LLP as auditor for the fiscal year ending 31 December 2025. The virtual Annual Meeting is scheduled for 30 July 2025, and previously cast votes remain valid; shareholders are encouraged to vote electronically to minimize processing costs.

Independent Bank Corp. (IBCP) 鈥� Form 4 insider transaction

Director Ronia F. Kruse reported two acquisitions of phantom stock units under the company鈥檚 Deferred Compensation and Stock Purchase Plan for Non-Employee Directors:

• 15 May 2025: 172.90 units acquired at a reference price of $32.57.
• 01 Jul 2025: 685.66 units acquired at a reference price of $29.17.

After the transactions, Kruse鈥檚 total holdings in derivative phantom units rose to 22,517.77. These units are designed to mirror the value of IBCP common stock and will be settled in shares when the director retires from the Board.

No common shares were bought or sold on the open market, and the filing contains no indication of dispositions or sales. The transactions are routine, compensation-related awards that increase the director鈥檚 equity-linked exposure and further align board incentives with shareholder interests, but they do not change the public float or directly affect cash flow.

WhiteHorse Finance, Inc. (NASDAQ: WHF) has released its 2025 Definitive Proxy Statement. Stockholders as of June 6, 2025 are invited to a fully-virtual annual meeting on July 30, 2025 at 1:00 p.m. ET.

Key voting items

• Proposal 1: Elect two Class I independent directors鈥擥. Stacy Smith and John P. Volpe鈥攆or terms expiring in 2028.
• Proposal 2: Ratify Crowe LLP as independent registered public accounting firm for FY 2025.

Ownership & capital

• 23,243,088 shares of common stock outstanding; one vote per share.
• Largest holder: H.I.G. Bayside Loan Opportunity Fund IV, L.P. with 17.1%.
• All officers & directors as a group control 2.5% of shares.

Governance structure

• Seven-member staggered board; four independent directors (majority).
• Independent directors chair Audit, Compensation, and Nominating/Governance committees.
• John Bolduc (H.I.G. Capital) remains non-independent Board Chair; no Lead Independent Director, but Audit Chair Rick P. Puckett acts as liaison.

Advisor & fee highlights

• Base management fee paid to WhiteHorse Advisers totaled $12.1 million for FY 2024; fee rate reduced to 1.75% from 2.00% effective Jan 1 2024.
• Performance-based incentive fee was $9.3 million.
• Administration fees to WhiteHorse Administration were $0.7 million.

Audit & financial controls

• Crowe billed WHF $0.517 million in FY 2024 (audit fees $0.487 million; other fees $0.030 million).
• Audit Committee (all independent) pre-approves all audit/non-audit services; Rick D. Puckett qualified as financial expert.

Director compensation

• Independent director annual retainer increased to $107,500 (from $102,000) effective Oct 30 2024; additional chair fees apply.

Notable governance considerations for investors: management and H.I.G. affiliates continue to hold significant ownership and receive externally-managed fee streams, creating potential conflicts addressed via existing policies. No material business transactions, mergers, or changes in capital structure are proposed.