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Red Flags Detected

  • Departure of CFO (new) — The CFO is leaving his officer roles for health-related reasons, though he remains on the Board and as CFO of the SBIC subsidiaries.
NYSE: SAR SARATOGA INVESTMENT CORP. 8-K

Saratoga Investment CFO Henri Steenkamp to step down Oct. 31 for health reasons; Controller Christine Ramdihal named principal financial officer

Filed September 18, 2026 · Period ending September 16, 2026 · ~1 min read

4 key changes 2 high relevance 1 red flag 2 sections

Key Changes

  • high

    CFO Henri Steenkamp is stepping down from his roles as CFO, Chief Compliance Officer, Treasurer and Secretary effective Oct. 31, 2026, citing health-related reasons.

  • high

    Controller Christine Ramdihal is promoted to Chief Accounting Officer and Treasurer and will become the company's principal financial officer on the same date.

  • medium

    Rochelle Kracoff is promoted from Assistant Chief Compliance Officer and Treasury Manager to Chief Compliance Officer and Secretary.

  • medium

    James Soltesz is appointed Investment Manager and Vice President of Capital Markets, expanding his role to support balance sheet management.

    Exhibit 99.1 view on EDGAR →

Summary

Saratoga Investment Corp. disclosed that Henri Steenkamp will step down as Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary effective October 31, 2026, for health-related reasons. He will remain on the Board and continue as CFO of the company's SBIC subsidiaries, and will support the transition in a consulting capacity.

The Board promoted Controller Christine Ramdihal to Chief Accounting Officer and Treasurer, and she will become the principal financial officer. Rochelle Kracoff was promoted to Chief Compliance Officer and Secretary, and James Soltesz was appointed Investment Manager and Vice President of Capital Markets.

The CFO departure is a notable leadership change, though the company has filled the roles internally with experienced staff. Ramdihal has nearly ten years at Saratoga and seven years of external audit experience, and Kracoff has been with the company since 2017. The filing states there are no related-party transactions requiring disclosure for the new officers. Investors should note the health-related reason for the CFO's departure and the transition of financial leadership to internal candidates.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

~400 words

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

3 Added
Added CFO departure high

Added in current filing · verify on EDGAR →

Henri J. Steenkamp notified the Board of Directors (the “Board”) of Saratoga Investment Corp. (the “Company”) that he was stepping down as the Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary of the Company for health-related reasons, effective as of October 31, 2026

Henri J. Steenkamp is stepping down from his four officer roles effective October 31, 2026, citing health-related reasons. He will continue as a Board member and as CFO of the Company's small business investment company subsidiaries, and will support the Company in a consulting capacity during the transition.

Added New principal financial officer high

Added in current filing · verify on EDGAR →

the Board promoted Christine Ramdihal, the Controller of the Company, to the positions of Chief Accounting Officer and Treasurer of the Company, effective as of the Effective Date. As of the Effective Date, Ms. Ramdihal will be the Company’s principal financial officer.

Controller Christine Ramdihal is promoted to Chief Accounting Officer and Treasurer, and will become the Company's principal financial officer effective October 31, 2026. The filing states there are no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Added New Chief Compliance Officer and Secretary medium

Added in current filing · verify on EDGAR →

the Board also promoted Rochelle Kracoff, the Assistant Chief Compliance Officer and Treasury Manager of the Company, to the positions of Chief Compliance Officer and Secretary of the Company, effective as of the Effective Date.

Rochelle Kracoff is promoted from Assistant Chief Compliance Officer and Treasury Manager to Chief Compliance Officer and Secretary, effective October 31, 2026. The filing states there are no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Event · Exhibit 99.1

2 Added
Added CFO transition high

Added in current filing · view on EDGAR →

Henri Steenkamp will step down from his position as Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary, effective October 31, 2026, for health-related reasons.

The CFO is stepping down from all four executive roles for health reasons. He will continue as a consultant, remain on the Board, and stay CFO of the SBIC subsidiaries, providing continuity during the transition.

Added New leadership appointments high

Added in current filing · view on EDGAR →

Christine Ramdihal has been promoted to Chief Accounting Officer and Treasurer, and will serve as the Company’s principal financial officer

Christine Ramdihal, previously Controller, is promoted to Chief Accounting Officer and Treasurer and will serve as principal financial officer. She brings nearly ten years at Saratoga and seven years of external audit experience.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 21, 2026 · How we verify