Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On February 2, 2023, the Board of Directors (the
“Board”) of Investcorp Credit Management BDC, Inc. (the “Company”) accepted the resignation of Christopher E. Jansen from his positions as President and Secretary of the Company. Mr. Jansen’s
resignation is not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices, or to any issues regarding its accounting policies or practices.
On February 2, 2023, the Company’s Board of Directors appointed Suhail A. Shaikh as President of the Company, effective immediately,
and Rocco DelGuercio as Secretary of the Company, effective immediately.
Mr. Shaikh, 54, also serves as Co-Chief Investment Officer of CM Investment Partners LLC (the “Adviser”), and a member of the Adviser’s Investment Committee. Prior to joining the Company, Mr. Shaikh served as the
Head of U.S. Private Credit for Alcentra Group. Mr. Shaikh also served as Vice Chair of the Global Private Credit Investment Committee and was a Board member of Alcentra NY, LLC, external manager to funds managed by Alcentra Group.
Mr. Shaikh also served as member of Alcentra NY, LLC’s management committee. Mr. Shaikh was the Chief Executive Officer of Alcentra Capital Corporation since March 2019, a publicly listed business development company managed by
Alcentra NY, LLC, and served on its Board of Directors. Prior to joining Alcentra, Mr. Shaikh was a partner and senior investment professional with Solar Capital Partners LLC. Prior to being a private credit investor, Mr. Shaikh was in
investment banking for over fifteen years as a leveraged finance specialist and financial sponsor banker, most recently as a Managing Director in the Financial Sponsors Group at Bank of America Merrill Lynch. He previously worked in CIBC World
Market’s Financial Sponsor Group and in the Leveraged Finance and Telecom Groups at JPMorgan & Co. in New York and London. He began his career as an investment analyst in the Investment Management Group at Bankers Trust.
Mr. Shaikh earned an M.B.A. from The Wharton School with a concentration in Finance and graduated Cum Laude with an A.B. in Computer Science and Economics from Middlebury College.
There is no arrangement or understanding between Mr. Shaikh and any other person pursuant to which he was appointed as President of the
Company. The Company does not pay cash compensation or provide other benefits directly to Mr. Shaikh or to any of its other executive officers. Further, with regard to Mr. Shaikh, there are no transactions since the beginning of the
Company’s last fiscal year, or any currently proposed transaction, in which the Company is a participant that would require disclosure under Item 404(a) of Regulation S-K promulgated
by the Securities and Exchange Commission.
Mr. DelGuercio, 60, also serves as Chief Financial Officer, Chief Compliance Officer and
Treasurer of the Company. Prior to joining the Company, Mr. DelGuercio spent over 10 years at Credit Suisse Asset Management and served in various capacities, including as Chief Financial Officer and Treasurer of its Investment Company Act of
1940 mutual fund business. From February 2012 to April 2013, Mr. DelGuercio was an independent consultant for several mid to large money managers. From March 2004 to January 2012, Mr. DelGuercio served as Director of Legg Mason &
Co., LLC where he oversaw their financial reporting and performance departments. Mr. DelGuercio earned a B.A. in Liberal Arts from The College of Staten Island, a B.A. in Business from Chadwick University and an M.B.A. in Finance from New York
Institute of Technology.
The Company does not pay cash compensation or provide other benefits directly to Mr. DelGuercio or to any
of its other executive officers. Mr. DelGuercio is an employee of the Adviser, which is compensated for the services it provides to the Company pursuant to the terms of an administration agreement between the Company and the Adviser in its
capacity as the Company’s administrator (the “Administration Agreement”). Pursuant to the Administration Agreement, the Company reimburses the Adviser for the allocable portion (subject to the review of the Board) of
overhead and other expenses incurred by it in performing its obligations under the Administration Agreement, including the Company’s allocable portion of the compensation paid to Mr. DelGuercio as chief financial officer and chief
compliance officer and his staff.
Mr. DelGuercio: (i) was not appointed as the Company’s Chief Financial Officer, Chief
Compliance Officer, Secretary and Treasurer pursuant to any arrangement or understanding with any other person; (ii) does not have a family relationship with any of the Company’s directors or other executive officers; and (iii) other
than as disclosed herein, has not engaged, since the beginning of the Company’s last fiscal year, nor proposes to engage, in any transaction in which the Company was or is a participant.