PFLT PennantPark Floating Rate Capital

Filed: 21 Jun 21, 4:55pm





Washington, D.C. 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 21, 2021



PennantPark Floating Rate Capital Ltd.

(Exact name of registrant as specified in its charter)




Maryland 814-00891 27-3794690

(State or Other Jurisdiction

of Incorporation)



File Number)


(IRS Employer

Identification Number)


590 Madison Avenue, 15th Floor,

New York, NY

(Address of Principal Executive Offices) (Zip Code)

(212) 905-1000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing 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(s)


Name of Each Exchange on Which Registered

Common Stock, par value $0.001 per share PFLT The Nasdaq Stock Market LLC

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. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 21, 2021, PennantPark Floating Rate Capital Ltd. (“PFLT”) announced that Richard Cheung has been appointed as the Chief Financial Officer and Treasurer of PFLT, effective as of June 21, 2021.

Mr. Cheung, 41, most recently served as Senior Managing Director and Head of Alternative Investment Accounting at Guggenheim Partners, LLC, where he has served in various roles since 2008. Mr. Cheung holds a B.S. in Accounting and Finance from the New York University Leonard N. Stern School of Business.

There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Cheung.

Also effective June 21, 2021, Aviv Efrat will step down from his current position as Chief Financial Officer and Treasurer of PFLT. Mr. Efrat will remain with the PennantPark organization, where he will focus his attention on strategic growth initiatives.

A copy of PFLT’s press release announcing the foregoing matters is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:


(b) Pro forma financial information:


(c) Shell company transactions:


(d) Exhibits


 99.1  Press Release of PennantPark Floating Rate Capital Ltd., dated June 21, 2021.

Dated: June 21, 2021  By: 

/s/ Arthur Penn

   Arthur Penn
   Chief Executive Officer