Muzinich BDC, Inc. 8-K

What Happened
Muzinich BDC, Inc. filed an 8‑K reporting that on March 23, 2026 Jeffrey Youle (President & CEO) and Paul Fehre (CFO & Treasurer) informed the Board they will step down from those executive roles effective April 1, 2026. Neither executive expressed any disagreement with the Company. Both will remain on the Board; Mr. Fehre will continue as Board Chair, and Mr. Youle will serve as a Senior Adviser to Muzinich. The Board approved a leadership transition naming Cheryl Rivkin to succeed Mr. Youle as Chief Executive Officer effective April 1, 2026.

Key Details

• Effective April 1, 2026: Cheryl Rivkin becomes CEO; she resigned as Company Secretary the same date. (Rivkin, age 56, has been Company Secretary since Aug 2019 and is Chief Administrative Officer at Muzinich.)
• Effective April 1, 2026: Jens Ernberg (age 56) appointed President; Rocco DelGuercio (age 62) appointed Chief Financial Officer and Treasurer; Susan Cohen (age 42) appointed Company Secretary.
• Messrs. Youle and Fehre will remain on the Board; Mr. Fehre will continue as Chairperson. No disagreements on company operations were reported.
• The filing states there are no arrangements, understandings or related‑party transactions with the new appointees requiring disclosure under Item 404(a) of Regulation S‑K.

Why It Matters
This is a material executive leadership transition that could affect company strategy and investor oversight. The changes are internal promotions from Muzinich affiliates, which suggests continuity in management and strategy. Importantly, the outgoing CEO and CFO remain on the Board (and Fehre remains Chair), and the company reported no disputes or related‑party transactions requiring disclosure—facts investors often watch for during leadership changes.