In This Article:
Jeff Cerny Will Continue to Serve on the Board of Directors
CHICAGO, January 29, 2025--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) ("OFS Capital" or the "Company"), a business development company, announced today the appointment of Kyle Spina as Chief Financial Officer, effective March 31, 2025. Jeff Cerny announced his retirement from his role as Chief Financial Officer and Treasurer, but will continue in his role as a member of the Board of Directors of OFS Capital, and will work closely with Mr. Spina to ensure a smooth transition.
Mr. Spina has more than 15 years of experience in public and private accounting and has served as Chief Accounting Officer of OFS Capital since April 2023, a role in which he oversaw all accounting and financial reporting processes for the Company.
"As Chief Accounting Officer, Kyle has worked closely with Jeff and the Board, and we are excited to welcome him into this new role as CFO. Kyle has a deep knowledge and understanding of our company and industry, and we look forward to his contributions as we continue to build our partnerships across the middle market," said Bilal Rashid, Chairman of the Board and Chief Executive Officer of OFS Capital. "On behalf of the Board and all of our colleagues at OFS, I want to thank Jeff for his leadership and dedication in his role as Chief Financial Officer for the past 10 years. We look forward to his continued guidance on the Board."
Mr. Spina joined OFS Capital Management, LLC in April 2021 as Vice President and Controller of Fund Accounting and Reporting. Prior to joining OFS, he held multiple controllership roles, serving as Assistant Controller of Credit Funds for Thoma Bravo, LP and Controller and Accounting Manager for Fidus Investment Corporation (NASDAQ: FDUS) and affiliates. Mr. Spina began his career in public accounting, including serving as an Audit Manager at BDO, focusing on audits of public companies. Mr. Spina graduated from Purdue University with a Bachelor of Science degree in Accounting and Management and has been an active Certified Public Accountant since 2010.
ABOUT OFS CAPITAL
OFS Capital Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company. OFS Capital’s investment objective is to provide stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments. OFS Capital invests primarily in privately held middle-market companies in the United States, including lower-middle-market companies, targeting investments of $3 million to $20 million in companies with annual EBITDA between $5 million and $50 million. OFS Capital offers flexible solutions through a variety of asset classes including senior secured loans, which includes first-lien, second-lien and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. OFS Capital’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940i and headquartered in Chicago, Illinois, with additional offices in New York and Los Angeles.