PALO ALTO, Calif.--(BUSINESS WIRE)--
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
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
“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
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.
Mickey Mandelbaum, 310-785-0810
Ed Keaney, 415-445-3238
Source: Hercules Technology Growth Capital, Inc.