OFS Credit Company Welcomes Kyle Spina as New CFO
OFS Credit Company, Inc. (NASDAQ: OCCI), an investment firm specializing in collateralized loan obligation (CLO) equity and debt securities, recently announced the exciting appointment of Kyle Spina as its new Chief Financial Officer. With a solid appointment date approaching soon, this transition marks a significant step for the company as it bids farewell to Jeff Cerny, the outgoing CFO, who will remain on the Board of Directors to ensure a smooth and effective handover.
Kyle Spina's Professional Journey
With over 15 years of experience in both public and private accounting, Mr. Spina has built a robust career within the financial sector. His role as Chief Accounting Officer of OFS Credit since April 2023 saw him overseeing crucial accounting and financial reporting processes. This extensive experience has equipped him with an intricate understanding of the company and the broader industry dynamics.
Before his current role, Spina joined OFS Capital Management, LLC as Vice President and Controller of Fund Accounting and Reporting in April 2021. His previous positions included being an Assistant Controller at Thoma Bravo, LP and roles with Fidus Investment Corporation (NASDAQ: FDUS). Notably, his early career highlights experience as an Audit Manager at BDO, where he focused on auditing public companies. Kyle holds a Bachelor’s degree in Accounting and Management from Purdue University and has maintained his Certified Public Accountant status since 2010.
Vision for the Future
Bilal Rashid, Chairman of the Board, President, and CEO of OFS Credit, expressed enthusiasm towards Mr. Spina's new role, highlighting his close collaboration with Jeff Cerny and the Board. Rashid noted, "Kyle has a profound understanding of our company and the industry, and we are eager to witness his contributions as CFO. We truly appreciate Jeff's dedication as CFO since the company’s inception and welcome his continued guidance on the Board." This sentiment showcases the company's core value of collaboration and seamless transitions, setting a positive tone for Mr. Spina's leadership.
About OFS Credit Company
OFS Credit is characterized as a non-diversified, externally managed closed-end management investment company. The primary goal of the company focuses on generating current income while seeking opportunities for capital appreciation. This is primarily achieved through investments in CLO equity and debt securities, under the management of OFS Capital Management, LLC, which is registered under the Investment Advisers Act of 1940. The firm operates from its headquarters in Chicago and maintains additional offices in New York and Los Angeles.
Frequently Asked Questions
What is the significance of Kyle Spina's appointment as CFO?
Kyle Spina's appointment brings over 15 years of financial expertise to OFS Credit, ensuring experienced leadership for future growth.
Who is replacing Jeff Cerny?
Kyle Spina will succeed Jeff Cerny as CFO while Cerny will continue to serve on the Board of Directors.
What are the primary investment objectives of OFS Credit?
The primary investment objective is to generate current income, along with a secondary objective of generating capital appreciation through investments in CLO securities.
What is OFS Capital Management, LLC?
OFS Capital Management, LLC is the registered investment adviser managing OFS Credit, ensuring strategic financial oversight and investment handling.
When did Kyle Spina join OFS Credit?
Kyle Spina joined OFS Credit in April 2021, initially serving as Vice President and Controller of Fund Accounting and Reporting.
