PHOENIX, December 15, 2021 / PRNewswire / – Trinity Capital Inc. (Nasdaq: TRIN) (“Trinity”), a leading specialty lender that provides debt, including loans and equipment financing, to early stage businesses. growth supported by technology banks, venture capitalists and private equity firms, today announced two appointments to its current board of directors (the “Board”) December 7, 2021. Experienced executives Richard hamada and Irma Lockridge will join the Board, filling the vacancies created by the retirement of Richard ward and Edmond Zito, also effective December 7, 2021.
“I would like to thank Rich and Ed for their years of service and contributions to the Board of Directors. Both were instrumental and helpful as Trinity transitioned from a private fund manager to a publicly traded Business Development Company (BDC). We express our gratitude and best wishes to both of you, ”said Steven brown, President and CEO of Trinity. “I am delighted to welcome Rick and Irma to the Board of Directors during this pivotal period of growth for Trinity as a public company. Both bring highly relevant expertise in the field and will constitute immediate added value for our Board of Directors as we pursue our goal of being the financial partner of choice for growing companies. They will play an important role in helping us execute our strategic plan, and I look forward to working with them as we move forward.
Mr. Hamada previously served as CEO of Avnet, Inc. (Nasdaq: AVT), a distributor of electronic components, july 2011 up to july 2016. His experience in managing a public company and building a world-class sales operation will bring valuable expertise to the board. Since 2014, he has served on the board of directors of Keysight Technologies, Inc. Mr. Hamada will be a member of the audit committee and the compensation committee.
Ms. Lockridge is currently the Director of Human Resources and Systems for CoorsTek, Inc., a manufacturer of technical ceramics, and brings invaluable expertise in the areas of talent acquisition, scaling business processes to growth and strategic planning. Previously, she served as Vice President of Human Resources for two public companies and currently serves on the boards of the Denver Scholarship Foundation and the American Cancer Society. Ms. Lockridge will chair the nominations committee.
About Trinity Capital Inc.
Trinity (Nasdaq: TRIN), an internally managed specialty credit firm that elected to be regulated as a business development company under the Investment Companies Act of 1940, as amended, is an important provider of debt, including loans and equipment finance, for growth stage companies, including venture-backed companies and companies with institutional investors. Trinity’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments consisting primarily of term loans and equipment finance and, to a lesser extent, loans. working capital, equity and equity related investments. Trinity believes that she is one of the only selected groups of specialist lenders with the in-depth knowledge, experience and track record of lending to growing businesses.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic on the economy, financial markets, our business, our portfolio companies and our industry. Actual results may differ materially from forward-looking statements due to a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Trinity does not undertake to update any forward-looking statements contained in this document. All forward-looking statements speak only as of the date of this press release.
SOURCE Trinity Capital Inc.