Fifth Street Asset Management Inc. Appoints Michael W. Arthur to Board of Directors
April 13 2016 - 7:30AM
Fifth Street Asset Management Inc. (NASDAQ:FSAM) (“FSAM”) today
announced that effective April 11, 2016, Michael W. Arthur has been
appointed to the Board of Directors and will serve on the Audit
Committee. Mr. Arthur’s appointment fills the vacancy created by
the resignation of Wayne Cooper on April 10, 2016.
“We are pleased to announce the addition of Michael to FSAM’s
Board of Directors. With over 25 years of experience across a broad
range of industries, we believe that Michael will add a valuable
perspective to our Board,” stated FSAM’s Chief Executive Officer,
Leonard M. Tannenbaum. “We would also like to thank Wayne Cooper
for his guidance and service during his tenure on the FSAM
Board.”
Since 1990, Mr. Arthur has headed Michael Arthur &
Associates, a consulting and interim management firm specializing
in restructurings, business development and strategic, financial,
marketing and branding strategies. Mr. Arthur has been
involved in the turnaround of troubled companies and the growth of
healthy ones across a multitude of industries, including
restaurants, consumer goods, financial products and services,
manufacturing, marketing and technology. Prior to 1990, Mr.
Arthur served as Executive Vice President and Chief Financial
Officer for Sizzler Restaurants and Pinkerton Security, Executive
Vice President of Marketing for Mattel Toys and various other
management roles for D’Arcy, Benton & Bowles Advertising and
Proctor and Gamble. He has sat on various Boards during his
career including 10 years as an independent member of Einstein Noah
Restaurant Group, as well as California Federal Bank and currently
Traffic Solutions Corporation. Mr. Arthur received his B.A.
degree from Johns Hopkins University and attended the Wharton
Graduate School of Business.
About Fifth Street Asset Management Inc.
Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a nationally
recognized credit-focused asset manager. The firm has over $5
billion of assets under management across two publicly-traded
business development companies, Fifth Street Finance Corp.
(NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR), as well as multiple private investment
vehicles. The Fifth Street platform provides innovative and
customized financing solutions to small and mid-sized businesses
across the capital structure through complementary investment
vehicles and co-investment capabilities. With over an 18-year
track record focused on disciplined credit investing across
multiple economic cycles, Fifth Street is led by a seasoned
management team that has issued billions of dollars in public
equity, private capital and public debt securities. Fifth
Street's national origination strategy, proven track record and
established platform are supported by approximately 65
professionals across locations in Greenwich and Chicago. For
more information, please visit fsam.fifthstreetfinance.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance of the company. Words such as “believes,”
“expects,” “estimates,” “projects,” “anticipates,” and “future” or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements are subject to
the inherent uncertainties in predicting future results and
conditions. Certain factors could cause actual results to
differ materially from those projected in these forward-looking
statements, and these factors are identified from time to time in
the company’s filings with the Securities and Exchange
Commission. The company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
CONTACT:
Investor Contact: Robyn Friedman, Senior Vice President, Head of
Investor Relations(203) 681-3720 ir-fsam@fifthstreetfinance.com
Media Contact: James Golden / Andrew SquireJoele Frank Wilkinson
Brimmer Katcher(212) 355-4449
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