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): September 15,
2008
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GSC
Investment Corp.
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(Exact
name of registrant
as
specified in charter)
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Maryland
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001-33376
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20-8700615
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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888
Seventh Ave, New York, NY 10019
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code: (212) 884-6200
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N/A
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(Former
name or former address, if changed since last report)
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_____________________
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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 (see General Instruction A.2. below):
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
September 15, 2008, GSC Investment Corp. (the “Company”) issued a press release
announcing that Seth M. Katzenstein, currently the Company’s portfolio manager
and a member of its investment committee, was elected Chief Executive Officer
and Director, succeeding Thomas V. Inglesby, a Senior Managing Director of GSC
Group. A copy of the press release is attached hereto as Exhibit
99.1, the text of which is incorporated by reference herein.
Item 9.01 |
Financial Statements and
Exhibits. |
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Exhibit
No.
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Description
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99.1
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Press
Release dated September 15, 2008
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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GSC
Investment Corp.
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Date:
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September
15, 2008
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By:
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/s/
David L. Goret
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Name:
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David
L. Goret
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Title:
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Vice
President and Secretary
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Exhibit
99.1
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Investor
Contacts: Carl J. Crosetto
GSC
Group
973-437-1007
Michael
H. Yip
GSC
Group
973-593-5424
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GSC Investment Corp. Announces
Election of Seth M. Katzenstein as
Chief Executive Officer and
Director
__________________________________________
NEW YORK,
September 15, 2008 – GSC Investment Corp. (NYSE:GNV), a business development
company (the "Company"), today announced that Seth M. Katzenstein, currently the
Company’s portfolio manager and a member of its investment committee, was
elected Chief Executive Officer and Director, succeeding Thomas V. Inglesby, a
Senior Managing Director of GSC Group. Mr. Katzenstein, who has been
with GSC Group from its inception, will also continue in his role as a Managing
Director and head of credit and portfolio management of GSC Group’s U.S.
Corporate Debt business.
Richard M.
Hayden, Chairman of GSC Investment Corp. said, “We have the utmost confidence in
Seth’s leadership and look forward to continuing to benefit from his extensive
investment experience.”
“Seth has
had an integral role in the growth and success of GSC Group’s corporate debt
business over the past six years,” said Alfred C. Eckert III, Chairman and Chief
Executive Officer of GSC Group. “As the Company's largest
shareholder, we at GSC Group thank Tom for guiding GSC Investment Corp. through
its initial public offering and first full year of operations, and we look
forward to continuing to benefit from his experience in his new
capacity.” In his new role, Mr. Inglesby will join the investment
committee of the GSC Recovery Funds. In order to provide a smooth
transition, Mr. Inglesby will continue to be available to provide advice to Mr.
Katzenstein.
In
addition, Alexander B. Wright, a Managing Director in GSC Group’s U.S. Corporate
Debt business, will assume responsibility for sourcing transaction opportunities
and replace Mr. Inglesby on the Company’s investment
committee. Richard M. Hayden, Chairman of the Board of Directors,
Richard T. Allorto, Chief Financial Officer, and David L. Goret, Secretary and
Chief Compliance Officer, all of whom have been with the Company since inception
will continue to serve in their present capacities.
"The team
looks forward to creating shareholder value by pursuing the same successful
business strategy that has delivered favorable dividend payments through the
first year of operations," said Seth M. Katzenstein, Chief Executive Officer of
GSC Investment Corp.
Mr.
Katzenstein joined GSC Group at its inception in 1999 and is the head of credit
and portfolio management for the U.S. Corporate Debt business with
responsibility for all
investment
related activities. He is a member of the U.S. Corporate Debt and GSC
Investment Corp. investment committees. He was with Greenwich Street
Capital Partners from 1998 to 1999. Prior to that, Mr. Katzenstein
was with Salomon Smith Barney Inc.
Mr. Wright
joined GSC Group in 2002 and is the head of the U.S. Corporate Debt
business. He is a member of the U.S. Corporate Debt, European
Corporate Debt, and GSC Investment Corp. investment committees. From
2003 to 2007, Mr. Wright served as head of origination for the U.S. Corporate
Debt business. Prior to that, Mr. Wright was with IBJ Whitehall Bank
& Trust Corporation and Chemical Banking Corporation.
About GSC
Investment Corp.
GSC
Investment Corp. is a specialty finance company that invests primarily in
leveraged loans and mezzanine debt issued by U.S. middle-market companies, high
yield bonds and collateralized loan obligations. It has elected to be
treated as a business development company under the Investment Company Act of
1940. The Company may also opportunistically invest in distressed
debt, debt issued by non-middle market companies, and equity securities issued
by middle and non-middle market companies. The Company draws upon the
support and investment advice of its external manager, GSC Group, an alternative
asset investment manager that focuses on complex, credit-driven strategies. GSC
Investment Corp. is traded on the New York Stock Exchange under the symbol
“GNV.”
GSC
Investment Corp.’s filings with the Securities and Exchange Commission, press
releases, earnings releases and other financial information are available on its
website at www.gscinvestmentcorp.com.
Forward Looking
Statements
Information
provided in this press release, including valuation of certain of our
investments, may contain statements relating to current expectations, estimates,
forecasts and projections about future events that are forward-looking
statements. These forward-looking statements generally relate to GSC
Investment Corp.'s plans, objectives and expectations for future operations and
are based upon management's current estimates and projections of future results
or trends. Actual future results may differ materially from those
projected as a result of certain risks and uncertainties. For a
discussion of such risks and uncertainties, see "Note About Forward-Looking
Statements" included in the Company's 10-K which has been filed with the U.S.
Securities and Exchange Commission. These forward-looking statements
are made only as of the date hereof, and GSC Investment Corp. undertakes no
obligation to update or revise the forward-looking statements, whether as a
result of the new information, future events or otherwise.
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