Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 20, 2019, Edgar Lee, the Chairman of the Board of Directors (the “Board”) of Oaktree Strategic Income II, Inc. (the “Company”) and the Company’s Chief Executive Officer and Chief Investment Officer, informed the Company that he had determined to resign from the Board and as the Chief Executive Officer and Chief Investment Officer of the Company, in each case effective September 30, 2019, for personal reasons.
On August 22, 2019, the Board appointed Armen Panossian, 42, as the Company’s Chief Executive Officer and Chief Investment Officer, and elected Mr. Panossian a Class III Director and the Chairman of the Board, all effective September 30, 2019.
Mr. Panossian is a managing director and Head of Liquid Credit of Oaktree Capital Management, L.P. (“Oaktree”), the Company’s investment adviser, as well as portfolio manager for Oaktree’s U.S. Senior Loan strategy. He also oversees the firm’s Structured Credit, U.S., European and Global High Yield Bond, European Senior Loan, and U.S.,Non-U.S. and High Income Convertibles strategies. In January 2014, Mr. Panossian joined the U.S. Senior Loan team to assumeco-portfolio management responsibilities and lead the development of Oaktree’s CLO business. Mr. Panossian joined Oaktree in 2007 as a senior member of its Distressed Debt investment team.
On August 22, 2019, the Board appointed Mathew M. Pendo as the Company’s President, effective immediately. Mr. Pendo will continue in his role as the Company’s Chief Operating Officer.