Horizon Technology Finance Corporation filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

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(Exact name of registrant as specified in its charter)

 

 

 

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (860) 676-8654

 

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:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

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. ☐

 

 

 

On June 5, 2025, Daniel S. Devorsetz stepped down as Chief Investment Officer and Chief Operating Officer of Horizon Technology Finance Corporation (the “Company”. Mr. Devorsetz will continue to serve as a special advisor to the Company. Mr. Devorsetz is not stepping down because of any dispute or disagreement with the Company.

 

On June 5, 2025, the Board of Directors of the Company unanimously elected Paul G. Seitz, 38, as Chief Investment Officer. Set forth below is a description of the prior business experience of Mr. Seitz.

 

Mr. Seitz joined Horizon Technology Finance Management LLC, the Company’s investment adviser (the “Advisor”) in June 2025. He serves as the Chief Investment Officer and as a member of the Advisor’s investment committee. Mr. Seitz has more than ten years of credit and portfolio management experience, including more than five years in venture lending. He is responsible for general oversight of investments, including origination.

 

From July 2019 to May 2025, Mr. Seitz was at Monroe Capital LLC, most recently serving as Managing Director and Head of Software Underwriting, where he was responsible for leading and managing the underwriting process within the software, technology and tech-enabled services industry, focusing on pre-IPO and growth-stage technology companies, managing a portfolio of loan transactions, and various account management functions. Prior to that, he was at TriplePoint Capital from March 2014 to July 2019, where he was a Vice President, covering the North American and European markets. Prior to that, Mr. Seitz was a Senior Analyst at NXT Capital and an Analyst at Duff & Phelps. Mr. Seitz holds a Bachelor of Science degree in finance from Pennsylvania State University.

 

There are no arrangements or understandings between Mr. Seitz and any other person pursuant to which he was selected as an officer of the Company. There are also no family relationships between Mr. Seitz and any director or executive officer of the Company to be disclosed pursuant to Item 401(d) of Regulation S-K. Mr. Seitz does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

 

On June 9, 2025, the Company issued a press release pertaining to the matters described above. A copy of this press release is attached hereto as Exhibit 99.1.

 

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished pursuant to Regulation FD and no part shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

 

(d) Exhibits.

 

 

 

 

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.