PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, today announced that, effective July 8, 2014, Thomas Fallon, chief executive officer of Infinera Corporation (NASDAQ:INFN) and former vice president of Cisco Systems, was appointed to the Hercules board of directors.
Fallon will serve on the Audit, Compensation, and Nominating and Corporate Governance committees.
“Tom is an accomplished business leader who has extensive experience leading innovative companies,” said Hercules Co-founder, Chairman and Chief Executive Officer, Manuel Henriquez. “We are delighted to have someone of his caliber and technical background and expertise joining our board.”
Since 2013, Fallon has served as chief executive officer of Infinera Corporation, a publicly traded optical telecommunications company, and he has been a member of its board since 2009. From January 2010 to June 2013, Fallon served as Infinera’s president and chief executive officer. Prior to that, Fallon served as chief operating officer and vice president of engineering and operations at Infinera. Before joining Infinera, Fallon served as vice president, corporate quality and engineering operations for Cisco Systems, Inc., a networking and telecommunications company. Fallon joined Cisco in 1994 and held a variety of roles including general manager of its Optical Transport Business Unit, vice president of Service Provider Manufacturing and vice president of Materials. Fallon holds a bachelor’s of science degree in mechanical engineering and MBA from the University of Texas at Austin, and is currently a member of the Engineering Advisory Board of the University of Texas at Austin.
The Company also previously announced that Joseph W. Chow did not seek re-election as a director and has retired from the board when his term expired immediately prior the 2014 Annual Meeting, which was held July 8, 2014.
“For the last ten years, Joe has made tremendous contributions to Hercules and helped guide the company as a director through a period of tremendous growth and achievements,” Henriquez said. “Hercules has benefited from his financial, credit and operational insight as well as his dedication to the highest standards of corporate governance. We thank him for his outstanding service, contributions and wish him well in retirement. He will be greatly missed,” Henriquez said.
About Hercules Technology Growth Capital, Inc.
Hercules Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules”) is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $4.2 billion to over 270 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.”
In addition, Hercules has three outstanding bond issuances of 7.00% Senior Notes due April 2019, 7.00% Senior Notes due September 2019, and 6.25% Senior Notes due July 2024, which trade on the NYSE under the symbols “HTGZ”, “HTGY,” and “HTGX,” respectively.
Companies interested in learning more about financing opportunities should contact email@example.com, or call 650.289.3060.
The information disclosed in this release is made as of the date hereof and reflects Hercules' most current assessment of its historical financial performance. Actual financial results filed with the Securities and Exchange Commission may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors we identify from time to time in our filings with the Securities and Exchange Commission. Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.