Effective on October 28, 2015, Antony P. Ressler resigned from his position as a director of the Board of Directors of Ares Capital Corporation. Mr. Ressler's resignation did not involve a disagreement with the company on any matter relating to the company's operations, policies or practices. On October 28, 2015, the Board appointed R. Kipp deVeer, the Chief Executive Officer of the company, as a Class III Director, to fill the vacant seat created by Mr. Ressler's resignation, effective immediately.

The initial term of Mr. deVeer will expire at the 2016 annual meeting of stockholders of the company.