Gladstone Capital CEO David Gladstone steps down, Robert Marcotte succeeds

Gladstone Capital (GLAD) Corporation announced several executive officer appointments in connection with the Company’s strategic succession plan. David Gladstone has stepped down as the Company’s CEO effective immediately; however, he will remain as the Company’s Chairman of the Board of Directors, a member of the Company’s investment committee, and also continue as Chairman, CEO, and President of the Company’s affiliated investment adviser, Gladstone Management Corporation. Robert Marcotte, who has served as the Company’s President since 2013, has succeeded Mr. Gladstone as CEO, and John Sateri, a twenty-year veteran at Gladstone and a current member of the Company’s investment committee, has been appointed CIO Michael McQuigg, Executive Vice President of the Company since 2021 who joined the Gladstone team in 2015 and has assumed roles of increasing responsibility since then, will succeed Mr. Marcotte as President, effective October 1, 2026. Additionally, Andrew Ahlberg, one of the Company’s Managing Directors who has been with Gladstone since 2014, has been appointed Executive Vice President of the Company, effective immediately.