Stanley Matuszewski
Goldman Sachs BDCAbout Stanley Matuszewski
Stanley Matuszewski is Chief Financial Officer and Treasurer of Goldman Sachs BDC, Inc. (GSBD) since November 2023, and is also CFO/Treasurer for affiliated Goldman Sachs private BDCs; he previously managed GSAM’s BDC Asset Management Product Controllers team focused on valuation oversight, and before Goldman Sachs (joined 2013) worked at Morgan Stanley in the Valuation Review Group . He was 38 at the time of the 2024 proxy and 39 at the time of the 2025 proxy . GSBD’s proxy materials do not disclose executive-specific TSR, revenue growth, or EBITDA growth tied to his tenure; executives are not compensated by GSBD itself (see Compensation sections) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Goldman Sachs Asset Management (GSAM) – Controllers Division | Vice President; led BDC Asset Management Product Controllers team | 2013–2023 | Valuation oversight for BDCs; accounting/financial reporting oversight for GSAM funds |
| Morgan Stanley | Valuation Review Group | Pre-2013 | Independent valuation review; controls prior to joining Goldman Sachs |
External Roles
No external public-company directorships or committee positions disclosed for Matuszewski in GSBD’s proxies .
Fixed Compensation
- GSBD discloses that none of its executive officers (including the CFO) are compensated by the Company; accordingly the Compensation Committee does not produce or review an executive compensation report for GSBD .
Performance Compensation
- GSBD does not disclose any Company-paid incentive structures (bonuses, RSUs/PSUs, options) for executive officers; executives are not compensated by the Company, so performance-linked payouts, metrics, and vesting schedules are not provided in GSBD’s proxy .
Equity Ownership & Alignment
| Metric | Record Date (FY 2024 proxy) | Record Date (FY 2025 proxy) |
|---|---|---|
| Shares Beneficially Owned (#) | 0 | 0 |
| Ownership (% of Outstanding) | 0.0% (out of 112,103,346 shares) | 0.0% (out of 117,297,222 shares) |
| Vested vs. Unvested Shares | Not disclosed | Not disclosed |
| Options – Exercisable/Unexercisable | Not disclosed | Not disclosed |
| Shares Pledged as Collateral | Not disclosed | Not disclosed |
| Stock Ownership Guidelines | Not disclosed for executives; GSBD notes Insider Trading Policy and repurchase policy filings but does not specify pledging/hedging restrictions in the proxy text |
- GSBD has adopted an Insider Trading Policy and a repurchase policy filed as exhibits to the 2024 Form 10‑K; the proxy references these policies but does not enumerate executive-specific hedging/pledging restrictions, nor stock ownership guidelines for officers .
Employment Terms
| Item | Disclosure |
|---|---|
| Current Title | Chief Financial Officer and Treasurer (GSBD; also SCH, GS PMMC II, GS MMLC II, PSLF, GS Credit, West Bay) |
| Start Date in Role | Since November 2023 |
| Officer Tenure Mechanism | Officers hold office at the pleasure of the Board until next election of officers and until successors are elected and qualified |
| Employment Agreement Term/Expiration | Not disclosed |
| Severance/Change-of-Control | Not disclosed for executives; GSBD’s proxies contain no executive severance or CoC economics |
| Clawbacks | Not disclosed for executives; GSBD references a Code of Business Conduct and Ethics but does not detail compensation clawback provisions in the proxy |
| Non‑Compete/Non‑Solicit/Garden Leave | Not disclosed |
| Post‑Termination Consulting | Not disclosed |
Investment Implications
- Compensation alignment: GSBD states executives are not compensated by the Company, so pay-for-performance alignment cannot be assessed from GSBD documents; any compensation would be via Goldman Sachs/GSAM and is outside GSBD’s proxy disclosures .
- Insider selling pressure and ownership: As of the 2024 and 2025 record dates, Matuszewski reported no beneficial ownership in GSBD stock; absence of disclosed grants/options and no pledged shares reduce typical insider supply signals but also limit direct equity alignment visibility .
- Retention/contract risk: GSBD discloses officer service “at the pleasure of the Board” and provides no employment agreement, severance, or change‑of‑control economics for executives, leaving retention terms unquantified in Company filings .
- Governance and controls context: GSBD references an Insider Trading Policy and repurchase policy; while indicative of compliance infrastructure, the proxy does not detail hedging/pledging restrictions or officer ownership guidelines, constraining alignment analysis based solely on GSBD filings .
Data limitations: GSBD proxies explicitly state executives are not Company‑paid, and do not furnish officer compensation structures, equity awards, or contracts. For trading signals (Form 4 activity), RSU/option vesting, or GSAM‑level compensation, consult SEC Section 16 filings and Goldman Sachs/GSAM disclosures; such details are not in GSBD’s DEF 14A.