Filing Analysis
Investcorp Credit Management BDC, Inc. announced the complete disposal of its exposure in Work Genius Holdings, Inc. and Work Genius, LLC. The transaction occurred on May 27, 2026, for an aggregate fair market value of approximately $10.3 million.
📋 Key Facts
- Date of disposal: May 27, 2026
- Assets disposed: Entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC
- Aggregate fair market value of disposal: Approximately $10.3 million
Investcorp Credit Management BDC, Inc. announced its financial results for the fiscal quarter ended March 31, 2026. The filing includes a press release and a supplemental investor presentation detailing the company's performance.
📋 Key Facts
- Financial results reported for the fiscal quarter ended March 31, 2026
- Supplemental investor presentation made available on the company website
- Press release dated May 12, 2026, furnished as Exhibit 99.1
- Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Exhibits) were triggered
Investcorp Credit Management BDC, Inc. entered into a sixth amendment to its revolving credit facility with Capital One, resulting in a 50% reduction of the facility size. The total commitment was decreased from $100 million to $50 million.
🚩 Red Flags
- Significant 50% reduction in available credit facility size, which may indicate tightening liquidity or a forced deleveraging by lenders.
📋 Key Facts
- Amendment date: May 6, 2026.
- Facility size reduced from $100 million to $50 million.
- The agreement is a Sixth Amendment to the Loan, Security and Collateral Management Agreement dated August 23, 2021.
- The borrower is Investcorp Credit Management BDC SPV, LLC, a wholly-owned subsidiary.
- Lenders and agents involved include Capital One, National Association and Wells Fargo Bank, National Association.
Investcorp Credit Management BDC, Inc. furnished an Investment Dashboard Summary to be made available to investors starting April 23, 2026. This disclosure provides updated portfolio information under Regulation FD.
📋 Key Facts
- The company is disclosing an 'Investment Dashboard Summary' dated April 23, 2026.
- The disclosure is made under Item 7.01 (Regulation FD) and is furnished rather than filed.
- The information was scheduled to be made available to investors after the market closed on April 23, 2026.
Investcorp Credit Management BDC, Inc. (ICMB) has announced the retention of Houlihan Lokey Capital, Inc. as its financial advisor to assist a Special Committee of Independent Directors in a review of strategic alternatives. The review is aimed at maximizing shareholder value, which typically involves exploring a potential sale, merger, or other significant corporate transaction.
🚩 Red Flags
- The initiation of a 'strategic alternatives' review often indicates that the company is facing performance challenges or pressure from shareholders to exit.
- The formation of a Special Committee suggests a need to manage potential conflicts of interest between management/the investment advisor and shareholders during the review.
📋 Key Facts
- The announcement was made on April 20, 2026.
- Houlihan Lokey Capital, Inc. has been retained as the financial advisor.
- A Special Committee of Independent Directors is overseeing the strategic review process.
- The stated goal of the review is to maximize shareholder value.
Investcorp Credit Management BDC, Inc. announced its financial results for the fiscal quarter ended December 31, 2025, and provided a supplemental investor presentation.
📋 Key Facts
- Financial results announced for the fiscal quarter and period ended December 31, 2025.
- Press release (Exhibit 99.1) was issued on March 30, 2026.
- Supplemental investor presentation (Exhibit 99.2) was made available on the company's website on March 31, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
Investcorp Credit Management BDC, Inc. held its Annual Meeting of Stockholders on December 18, 2025. The meeting resulted in the election of Michael C. Mauer to the Board of Directors for a three-year term.
📋 Key Facts
- Annual Meeting held on December 18, 2025.
- Record date for voting was October 15, 2025.
- Total shares eligible to vote: 14,419,762.
- Shares voted in person or by proxy: 8,091,818.
- Michael C. Mauer elected to the Board for a term expiring in 2028.
- Votes For Michael C. Mauer: 7,322,124; Votes Withheld: 769,694.
The Company issued a press release announcing preliminary financial results for the fiscal quarter ended September 30, 2025. It also provided a supplemental investor presentation to accompany the earnings release.
📋 Key Facts
- Preliminary financial results announced for the quarter ending September 30, 2025.
- Press release issued on November 13, 2025 (Exhibit 99.1).
- Supplemental investor presentation made available on November 15, 2025 (Exhibit 99.2).
The Company issued a press release announcing its preliminary financial results for the fiscal quarter ended June 30, 2025. This is a standard earnings announcement filing containing supplemental investor presentation materials.
📋 Key Facts
- Preliminary financial results announced for the fiscal quarter ended June 30, 2025.
- Announcement date: August 12, 2025.
- Filing date: August 14, 2025.
- Includes a supplemental investor presentation (Exhibit 99.2).
Investcorp Credit Management BDC, Inc. announced a leadership transition in its executive suite. The company's CFO resigned effective July 16, 2025, and was immediately replaced by the current COO, Robert Andrew Muns.
🚩 Red Flags
- Sudden departure of a CFO, even if stated as non-disagreement, can sometimes signal internal shifts in micro-cap environments.
📋 Key Facts
- Walter Tsin resigned as Chief Financial Officer on July 16, 2025.
- The company stated Mr. Tsin's resignation is not due to any disagreement regarding operations, policies, practices, or accounting.
- Robert Andrew Muns appointed as new CFO effective July 16, 2025.
- Mr. Muns was previously the Company's Chief Operating Officer and has a background at Stifel and Cantor Fitzgerald.
- The company does not pay cash compensation or provide other benefits directly to its executive officers.
The company issued a press release announcing its preliminary financial results for the fiscal quarter ended March 31, 2025.
📋 Key Facts
- Preliminary financial results announced for the fiscal quarter ended March 31, 2025.
- Results were released via press release on May 13, 2025.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
The company issued an 8-K to announce its financial results for the fiscal quarter and fiscal period ended December 31, 2024. This is a routine earnings announcement filing.
📋 Key Facts
- Reporting date of earliest event: March 25, 2025
- Period covered: Fiscal quarter and fiscal period ended December 31, 2024
- The company released financial results via a press release (Exhibit 99.1)
- The information in Item 2.02 is furnished but not 'filed' for purposes of Section 18 liability.
Investcorp Credit Management BDC, Inc. announced the appointment of Robert Andrew Muns as Chief Operating Officer (COO), effective March 24, 2025.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Robert Andrew Muns appointed as Chief Operating Officer (COO) on March 24, 2025.
- Mr. Muns previously served as Managing Director at CM Investment Partners LLC and has a background in Special Situations and Leveraged Loans at Cantor Fitzgerald and Stifel.
- The Company stated it does not pay cash compensation or provide other benefits directly to Mr. Muns or any other executive officers.
Investcorp Credit Management BDC, Inc. held its Annual Meeting of Stockholders on December 4, 2024. The meeting resulted in the election of two directors to three-year terms expiring in 2027.
📋 Key Facts
- Annual Meeting held on December 4, 2024.
- Record date for voting was September 20, 2024, with 14,403,752 shares eligible to vote.
- Total votes cast: 8,123,673 shares (approx. 56% of eligible shares).
- Suhail A. Shaikh elected as director (7,222,648 votes for; 901,025 withheld).
- Thomas Sullivan elected as director (7,064,106 votes for; 1,059,567 withheld).
Investcorp Credit Management BDC, Inc. entered into a Fifth Amendment to its existing Capital One Revolving Financing agreement via its wholly-owned subsidiary.
📋 Key Facts
- Amendment date: November 19, 2024.
- The amendment involves the 'Capital One Revolving Financing' originally dated August 23, 2021.
- Key terms of the Fifth Amendment include a decrease in applicable interest spreads.
- Amendments were also made to concentration limits and other fees.
- Parties involved: Investcorp BDC SPV, LLC (Borrower), Capital One, National Association (Administrative Agent/Arranger), Wells Fargo Bank (Collateral Custodian), and CM Investment Partners, LLC (Collateral Manager).
The Company issued a press release announcing its preliminary financial results for the fiscal quarter ended September 30, 2024.
📋 Key Facts
- Preliminary financial results announced for the fiscal quarter ended September 30, 2024.
- Results were announced via press release on November 12, 2024.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
Investcorp Credit Management BDC, Inc. has dismissed its independent auditor, RSM US LLP, and appointed KPMG LLP as its new independent registered public accounting firm. Additionally, the company announced a change to its fiscal year end from June 30 to December 31.
🚩 Red Flags
- Auditor change (RSM US LLP to KPMG LLP) can sometimes precede restatements or indicate internal control issues, though no disagreement was explicitly stated here.
- Multiple material changes in a single filing (auditor change + fiscal year end change).
📋 Key Facts
- Dismissal of RSM US LLP effective immediately following completion of the FY2024 audit (year ended June 30, 2024).
- Engagement of KPMG LLP as the new independent registered public accounting firm.
- The Board approved a change to the fiscal year end from June 30 to December 31.
- Company will file a transition report on Form 10-K for the period July 1, 2024, to December 31, 2024.
- No disagreements with RSM regarding accounting principles or auditing procedures were reported.
Investcorp Credit Management BDC, Inc. announced a change in its executive leadership, involving the resignation of CFO Peter Sattelmair and the appointment of Walter Tsin as the new CFO, both effective July 1, 2024.
🚩 Red Flags
- None identified; the departure was explicitly stated to be non-dispute related.
📋 Key Facts
- Peter Sattelmair resigned as Chief Financial Officer effective July 1, 2024.
- The company stated the resignation was not due to any disagreement regarding operations, policies, practices, or accounting.
- Walter Tsin appointed as new CFO effective July 1, 2024.
- Mr. Tsin is a CPA and previously served as Principal and CFO of Investcorp Credit Management (ICM).
- The company does not pay cash compensation or benefits directly to its executive officers.
Investcorp Credit Management BDC, Inc. announced a leadership transition where Michael C. Mauer resigned as CEO to become Chairman and Vice Chairman of Private Credit at Investcorp. Suhail A. Shaikh has been appointed as the new CEO, effective May 13, 2024.
🚩 Red Flags
- Sudden change in CEO leadership (though noted as non-disagreement).
📋 Key Facts
- Michael C. Mauer resigned as CEO on May 13, 2024; he will remain Chairman of the Board and becomes Vice Chairman of Private Credit at Investcorp.
- Suhail A. Shaikh appointed CEO effective May 13, 2024.
- Mr. Shaikh previously served as President of the Company since February 2023 and Co-Chief Investment Officer of CM Investment Partners LLC since January 2023.
- The company stated Mr. Mauer's resignation is not due to any disagreement regarding operations, policies, practices, or accounting.
- No cash compensation or benefits are paid directly by the Company to Mr. Shaikh or other executive officers.
Investcorp Credit Management BDC, Inc. announced the resignation of Rocco DelGuercio from his roles as CFO, CCO, Treasurer, and Secretary, effective March 31, 2024. The company has appointed Peter Sattelmair to succeed him in the CFO role on the same effective date.
🚩 Red Flags
- Simultaneous departure/replacement of multiple key officer roles (CFO, CCO, Treasurer, Secretary) can indicate internal restructuring or transition risks.
📋 Key Facts
- Rocco DelGuercio is resigning from positions as Chief Financial Officer, Chief Compliance Officer, Treasurer, and Secretary.
- The resignation is effective March 31, 2024.
- Peter Sattelmair has been appointed as the new CFO, effective March 31, 2024.
- Sattelmair brings approximately 25 years of experience in financial services and asset management, including a tenure at Transamerica Asset Management overseeing $80+ billion in AUM.
Investcorp Credit Management BDC, Inc. entered into a Fourth Amendment to its existing Capital One Revolving Financing via its wholly-owned subsidiary. The amendment extends the maturity date and the scheduled revolving period while increasing interest spreads.
🚩 Red Flags
- Increase in interest spreads suggests higher borrowing costs for the BDC.
📋 Key Facts
- The Fourth Amendment was executed on January 17, 2024.
- Maturity date extended to January 17, 2029.
- Scheduled Revolving Period End Date extended to January 17, 2027.
- The amendment includes an increase in the applicable interest spreads under the Capital One Revolving Financing.