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Posted 06 September, 2023

Trinity Capital Inc. appointed Kyle Brown as new CEO

Nasdaq:TRIN appointed new Chief Executive Officer Kyle Brown in a 8-K filed on 06 September, 2023.


  On September 6, 2023, consistent with its long-term succession plans, the Trinity Capital Inc. (the "Company") Board of Directors (the "Board") unanimously elected Kyle Brown as Chief Executive Officer ("CEO") of the Company, effective January 1, 2024, to succeed the Company's current CEO, Steven L. Brown.  

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Overview of Trinity Capital Inc.
Financial Services • Finance Companies
Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan and refinance existing venture debt. Trinity Capital was founded in January 2008 by Steven L. Brown and is headquartered in Phoenix, AZ.
Market Cap
$638M
View Company Details
Trinity Capital Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 6, 2023, consistent with its long-term succession plans, the Trinity Capital Inc. (the "Company") Board of Directors (the "Board") unanimously elected Kyle Brown as Chief Executive Officer ("CEO") of the Company, effective January 1, 2024, to succeed the Company's current CEO, Steven L. Brown. The Board also unanimously elected Mr. S. Brown to assume the newly created role of Executive Chairman of the Company when he steps down as CEO on January 1, 2024. As Executive Chairman, Mr. S. Brown will work with the Board and CEO on strategic growth opportunities and will develop and maintain the Company's relationships with strategic partners, among other responsibilities as assigned by the Board. 

In addition to assuming the roles of CEO and Executive Chairman, respectively, Messrs. K. Brown and S. Brown will retain their existing roles as members of the Board. Mr. K. Brown will continue in his existing role as Chief Investment Officer and President of the Company in addition to assuming the responsibility of CEO. The Company's Investment Committee will continue to include Mr. S. Brown; Mr. K. Brown; Mr. Gerald Harder, the Company's Chief Operating Officer; Mr. Ronald Kundich, the Company's Chief Credit Officer; and a rotating position for one of the Company's vertical market leaders.

Each of Messrs. S. Brown and K. Brown has been an executive officer of the Company since prior to its initial public offering in 2021. Mr. S. Brown, the Company's founder, has served as Chairman of the Board, CEO and a member of the Investment Committee since August 2019. Mr. S. Brown founded the Company's corporate predecessor in January 2008. Mr. K. Brown has served as the Company's President and Chief Investment Officer since August 2019 and as a member of the Board since September 2019. Prior to that, he was a managing partner of the Company's corporate predecessor since 2015. Reference is also made to the biographical information with respect to Messrs. K. Brown and S. Brown set forth under the heading "Proposal 1: Election of Director Nominees" in the Company's 2023 proxy statement, which description is incorporated herein by reference.

Mr. S. Brown and Mr. K. Brown will receive a base salary consistent with the Company's current executive compensation practices and continue to receive benefits materially similar to those disclosed in the Company's 2023 proxy statement.

There are no current or proposed transactions between the Company and any of Messrs. S. Brown, K. Brown or their immediate family members that would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.