04:45 PM EST, 11/15/2024 (MT Newswires) -- Gladstone Capital ( GLAD ) Chief Operating Officer Terry Lee Brubaker will retire, effective Dec. 2.

Brubaker is also retiring as director and executive officer of Gladstone Management and as a member of the board of managers and an executive officer of Gladstone Administration, Gladstone Capital ( GLAD ) said Friday in a statement.

Michael LiCalsi, Gladstone Capital's ( GLAD ) general counsel and secretary and Gladstone Administration's president, general counsel and secretary, will assume some additional responsibilities.

Gladstone Management will conduct a search for a COO to take Brubaker's investment committee responsibilities.