Hercules Capital Expands Board of Directors to Nine Members with the Appointment of Gayle Crowell
February 05 2019 - 6:00AM
Business Wire
Fully embracing California Senate Bill 826,
Hercules further enhances its board diversity and inclusion with
three women directors
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the
“Company”), the leading specialty finance company to innovative,
venture growth, pre-IPO and M&A stage companies backed by
leading and top-tier venture capital firms, today announced the
appointment of Gayle Crowell to serve as a member of its board of
directors, effective February 4, 2019. Ms. Crowell serves on
several public and private boards of directors and is a highly
experienced technology operating executive with extensive
experience in both industry leading venture and private
equity-backed companies. With its highly-diversified board of
directors, the Company is an early adopter of the California Senate
Bill 826, which requires publicly held companies based in
California to have a minimum of one woman on their board of
directors by the end of 2019. Furthermore, by the end of July 2021,
companies with five board members will need a minimum of two women
serving, and boards of six or more will require a minimum of three
women serving.
“Together with the recent addition of Carol Foster, Gayle’s
appointment continues our commitment to expanding and enhancing our
board of directors with highly qualified, experienced and diverse
individuals with deep subject matter expertise that will serve us
well as our platform grows,” said Manuel A. Henriquez, chairman and
chief executive officer of Hercules. “As a former CEO, Gayle
understands the challenges senior leaders face in building high
growth, sustainable long-term businesses. Her hands-on knowledge,
coupled with a keen perspective into the financial markets and
venture capital environment, brings a unique and valued point of
view as a board member. We warmly welcome Gayle to our board and
look forward to her contributions.”
Ms. Crowell has served as Senior Operating Consultant for the
past 15 years at Warburg Pincus, a global private equity firm
focused on growth investing, as a Member of the Technology, Media
and Telecommunications Group. Prior to Warburg Pincus, Ms. Crowell
held executive roles at leading software companies, including
Oracle Corporation, E.piphany, RightPoint Software, View Star,
Mosaix, Recognition International, DSC and Cubix Corporation. She
currently serves as a Board member of Envestnet, Inc. (ENV) and
Dude Solutions Incorporated.
Ms. Crowell received her Bachelor of Science degree in Education
from the University of Nevada at Reno.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) is the leading
and largest specialty finance company focused on providing senior
secured venture growth loans to high-growth, innovative venture
capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since
inception (December 2003), Hercules has committed more than $8.2
billion to over 440 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol “HTGC.” In addition, Hercules has
six outstanding bond issuances of:
Institutional Senior Unsecured Notes PAR $1000.00
Retail Senior Unsecured Notes (“Baby Bonds”) PAR $25.00
- 5.25% Notes due 2025 (NYSE:HCXZ)
- 6.25% Notes due 2033 (NYSE:HCXY)
Convertible Notes
- 4.375% Convertible Notes due 2022
Securitization Notes
- 4.605% Asset-backed Notes due 2027
- 4.703% Asset-backed Notes due 2028
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. You should understand that under Section 27A(b)(2)(B) of
the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of
the Securities Exchange Act of 1934, as amended, or the Exchange
Act, the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 do not apply to forward-looking
statements made in periodic reports we file under the Exchange
Act.
The information disclosed in this press release is made as of
the date hereof and reflects Hercules’ most current assessment of
its historical financial performance. Actual financial results
filed with the Securities and Exchange Commission may differ from
those contained herein due to timing delays between the date of
this release and confirmation of final audit results. These
forward-looking statements are not guarantees of future performance
and are subject to uncertainties and other factors that could cause
actual results to differ materially from those expressed in the
forward-looking statements including, without limitation, the
risks, uncertainties, including the uncertainties surrounding the
current market volatility, and other factors the Company identifies
from time to time in its filings with the Securities and Exchange
Commission. Although Hercules believes that the assumptions on
which these forward-looking statements are based are reasonable,
any of those assumptions could prove to be inaccurate and, as a
result, the forward-looking statements based on those assumptions
also could be incorrect. You should not place undue reliance on
these forward-looking statements. The forward-looking statements
contained in this release are made as of the date hereof, and
Hercules assumes no obligation to update the forward-looking
statements for subsequent events.
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version on businesswire.com: https://www.businesswire.com/news/home/20190205005200/en/
Michael HaraInvestor Relations and Corporate
CommunicationsHercules Capital, Inc.650-433-5578mhara@htgc.com
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