On January 3, 2022, Marc I. Abrams notified the board of directors of OFS Capital Corporation of his intention to retire. Mr. Abrams's resignation from the Board, and from each of the committees of the Board on which he served, was effective on January 4, 2022. The resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, practices or otherwise.

Mr. Abrams formerly served on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. On January 5, 2022, the Board, upon the recommendation of the Nominating and Corporate Governance Committee, voted to appoint Ashwin Ranganathan as a Class III director of the Board, chair of the Compensation Committee, a member of the Audit Committee, and a member of the Nominating and Corporate Governance Committee, to fill the vacancy created by the retirement of Mr. Abrams. Mr. Ranganathan was appointed to serve as a member of the Board until the 2024 annual meeting of stockholders.