What changed in this filing

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Item 9A. Controls and Procedures

2024-11-13 compared with 2023-11-13 · 39 added, 38 removed, 255 unchanged (23% of the section changed)

12 unchanged sentences

During the three months ended September 30, 2024, none of our officers or directors adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (“Rule 10b5-1 trading arrangement”) or any “non-Rule 10b5-1 trading arrangement.” In addition, during the three months ended September 30, 2024, we did not adopt or terminate any Rule 10b5-1 trading arrangement.

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

We will file a definitive Proxy Statement for our 2025 Annual Meeting of Stockholders (the “2025 Proxy Statement”) with the SEC, pursuant to Regulation 14A, not later than 120 days after the end of our fiscal year.

40 unchanged sentences

814-00237), filed on June 1, 2023.

3.6 Articles of Amendment to the Articles of Incorporation, incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K (File No.

814-00237), filed April 5, 2024.

3.7 Articles of Amendment to the Articles of Incorporation, incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K (File No.

814-00237), filed April 5, 2024.

3.8 Bylaws, incorporated by reference to Exhibit 99.b to Pre-Effective Amendment No.

65 unchanged sentences

814-00237), filed on June 22, 2023.

10.13 Amendment No.

5 to the Sixth Amended and Restated Credit Agreement dated as of December 13, 2023 by and among Gladstone Business Loan, LLC as Borrower, Gladstone Management Corporation as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto, incorporated by reference to Exhibit 10.7 to the Quarterly Report on Form 10-Q (File No.

814-00237), filed February 5, 2024.

10.14 Amendment No.

6 to Sixth Amended and Restated Credit Agreement dated as of March 28, 2024 by and among Gladstone Business Loan, LLC as Borrower, Gladstone Management Corporation as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto, incorporated by reference to Exhibit 10.8 to the Quarterly Report on Form 10-Q (File No.

814-00237), filed May 1, 2024.

10.15 Amendment No.

7 to Sixth Amended and Restated Credit Agreement dated as of June 27, 2024 by and among Gladstone Business Loan, LLC as Borrower, Gladstone Management Corporation as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.

814-00237), filed June 27, 2024.

10.16 Amendment No.

8 to Sixth Amended and Restated Credit Agreement dated as of August 12, 2024 by and among Gladstone Business Loan, LLC as Borrower, Gladstone Management Corporation as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No.

814-00237), filed August 12, 2024.

14* Code of Ethics

7 unchanged sentences

97.1* Clawback Policy

99.1* Estimated Value methodology for Series A Cumulative Redeemable Preferred Stock at September 30, 2024

101.INS XBRL Instance Document

7 unchanged sentences

Attached as Exhibit 101 to this Annual Report on Form 10-K are the following materials, formatted in Inline eXtensible Business Reporting Language (iXBRL):

(i) the Consolidated Statements of Assets and Liabilities as of September 30, 2023 and 2022, (ii) the Consolidated Statements of Operations for the years ended September 30, 2023, 2022 and 2021, (iii) the Consolidated Statements of Changes in Net Assets for the years ended September 30, 2023, 2022 and 2021, (iv) the

Consolidated Statements of Cash Flows for the years ended September 30, 2023, 2022 and 2021, (v) the Consolidated Schedules of Investments as of September 30, 2023 and 2022 and (vi) the Notes to Consolidated Financial Statements.

(i) the Consolidated Statements of Assets and Liabilities as of September 30, 2024 and 2023, (ii) the Consolidated Statements of Operations for the years ended September 30, 2024, 2023 and 2022, (iii) the Consolidated Statements of Changes in Net Assets for the years ended September 30, 2024, 2023 and 2022, (iv) the Consolidated Statements of Cash Flows for the years ended September 30, 2024, 2023 and 2022, (v) the Consolidated Schedules of Investments as of September 30, 2024 and 2023 and (vi) the Notes to Consolidated Financial Statements.

FORM 10-K SUMMARY

29 unchanged sentences

/s/ PAULA NOVARA

November 13, 2024

/s/ KATHARINE CORNELL GORKA

Katharine Cornell Gorka

SCHEDULE 12-14

16 unchanged sentences

$ 6,140 — — $ 2,895 — — $ ( 2,515 ) $ 380

Diversified/Conglomerate Service— 0.0 %

Encore Dredging Holdings, LLC—Line of Credit (G)

— — 75 — — — — —

Encore Dredging Holdings, LLC—Term Debt (G)

— — 3,293 22,962 362 ( 23,973 ) 649 —

Encore Dredging Holdings, LLC—Term Debt (G)

— — 727 4,407 116 ( 4,648 ) 125 —

Encore Dredging Holdings, LLC—Delayed Draw Term Loan (G)

— — 700 4,885 78 ( 5,101 ) 138 —

— $ 4,795 $ 32,254 $ 556 $ ( 33,722 ) $ 912 $ —

Total Secured First Lien Debt $ — $ 4,753 $ 34,804 $ 556 ( 33,722 ) $ 1,257 $ 2,895

Preferred Equity — 0.9 %

6 unchanged sentences

Total Preferred Equity $ — $ — $ 5,122 $ — $ — $ ( 1,023 ) $ 4,099

Company and Investment (A)(B)(I)(L)(M)

Shares/Units (K)

Gain (Loss) for Period Amount of

September 30,

Additions (D)

Reductions (E)

(Depreciation) Value as of

September 30,

Common Equity— 0.6 %

5 unchanged sentences

Diversified/Conglomerate Manufacturing— 0.9 %

Lonestar EMS, LLC—Term Debt ( 8.0 % PIK, Due 6/2027) (F)

Lonestar EMS, LLC—Term Debt ( 12.0 % Cash, Due 6/2027) (F)

4,200 — $ 394 $ 3,927 $ 203 — $ 70 $ 4,200

Lonestar EMS, LLC — Delayed Draw Term Loan (G)

— — 8 — 100 $ ( 100 ) — —

$ — $ 402 $ 3,927 $ 303 $ ( 100 ) $ 70 $ 4,200

Company and Investment (A)(B)(I)(L)(M)

Shares/Units (K)

Gain (Loss) for Period Amount of

September 30,

Additions (D)

Reductions (E)

(Depreciation) Value as of

September 30,

Personal and Non-Durable Consumer Products (Manufacturing Only) — 2.1 %

12 unchanged sentences

8,547 — $ 1,143 $ 7,425 $ 1,362 $ ( 240 ) — $ 8,547

Unsecured Debt— 0.0 %

Diversified/Conglomerate Manufacturing— 0.0 %

LWO Acquisitions Company LLC—Term Debt (G)

$ — ( 95 ) — — — ( 95 ) 95 —

Preferred Equity— 0.0 %

5 unchanged sentences

Diversified/Conglomerate Manufacturing— 1.7 %

Circuitronics EMS Holdings LLC—Common Units (G)

— ( 921 ) — — — ( 921 ) 921 —

Lonestar EMS, LLC - Common Units 100 % — — — — — 8,214 8,214

$ ( 921 ) $ — $ — $ — $ ( 921 ) $ 921 $ —

Machinery— 0.0 %

PIC 360, LLC—Common Equity Units 750 3,700 691 3,454 — — ( 3,170 ) 284

Company and Investment (A)(B)(I)(L)(M)

Shares/Units (K)

Gain (Loss) for Period Amount of

September 30,

Additions (D)

Reductions (E)

(Depreciation) Value as of

September 30,

PIC 360, LLC—Common Equity Units (G)

— $ 259 — 284 — ( 1 ) ( 283 ) —

Personal and Non-Durable Consumer Products (Manufacturing Only) — 0.0 %

WB Xcel Holdings, LLC - Common Warrant 1 — — — 1 — ( 1 ) —

Printing and Publishing— 0.9 %

26 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures