Lynn D. Dombrowski
Horizon Technology FinanceAbout Lynn D. Dombrowski
Lynn D. Dombrowski is Chief Accounting Officer (CAO) of Horizon Technology Finance Corporation (HRZN), serving since February 2023; she was age 39 as of the latest proxy and is responsible for accounting and financial reporting matters, including SEC and other regulatory reporting for the Company and its Advisor. Previously, she served as Corporate Controller (March 2017–February 2023) and Financial Reporting Manager (October 2015–March 2017) at the Advisor/Company, reflecting continuous progression in financial reporting leadership roles . The Company’s proxies do not disclose individual executive performance-linked metrics (e.g., TSR, revenue growth, EBITDA growth) or executive compensation (HRZN is externally managed and does not pay executive compensation directly) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Horizon Technology Finance Corporation / Advisor | Chief Accounting Officer | Feb 2023–present | Leads accounting and financial reporting, including SEC and regulatory reporting . |
| Horizon Technology Finance Corporation / Advisor | Corporate Controller | Mar 2017–Feb 2023 | Oversight of accounting and financial reporting processes . |
| Advisor (Horizon Technology Finance Management LLC) | Financial Reporting Manager | Oct 2015–Mar 2017 | Financial reporting leadership supporting SEC and regulatory compliance . |
External Roles
No external roles are disclosed in the Company’s proxy statements for Lynn D. Dombrowski .
Fixed Compensation
HRZN is externally managed; the Company reports no direct compensation paid to executive officers (including salary or cash bonus). The Company reimburses its Administrator only for allocable costs of the Chief Financial Officer and Chief Compliance Officer and their staffs, not for the CAO .
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary (Company‑paid) | — (Company reports no executive officer compensation) . | — (Company reports no executive officer compensation) . |
| Target Bonus % (Company‑paid) | — (not applicable) . | — (not applicable) . |
| Actual Bonus Paid (Company‑paid) | — (not applicable) . | — (not applicable) . |
Performance Compensation
The Company does not pay or disclose executive equity or performance awards (RSUs, PSUs, options) for its executive officers due to its external management structure; no Company-paid incentive compensation is reported for Covered Executives under the clawback policy .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable (externally managed; no Company-paid executive incentives) . | — | — | — | — | — |
Equity Ownership & Alignment
| Metric | As of Apr 19, 2024 | As of Apr 11, 2025 |
|---|---|---|
| Shares Beneficially Owned (units) | — (no ownership disclosed) . | — (no ownership disclosed) . |
| Ownership % of Outstanding | — (not disclosed) . | — (not disclosed) . |
- The Company has adopted a hedging policy prohibiting directors and executive officers from hedging their ownership of Company securities (e.g., trading in publicly-traded options, puts, calls or other derivatives) .
- Pledging of Company stock is not addressed in the proxy disclosures; no pledging by Lynn D. Dombrowski is disclosed .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment start date (CAO) | February 2023 . |
| Contract term/expiration | Not disclosed; executives are employees of the external Advisor . |
| Severance & change‑of‑control (Company level) | Not disclosed; Company does not pay executive compensation; Advisor-related change in control (Monroe Capital) noted in broader governance context, not specific to Lynn’s employment terms . |
| Clawback | Clawback policy adopted October 2, 2023; as of April 19, 2024 the Company did not pay Incentive‑Based Compensation to Covered Executives and no compensation was erroneously awarded . |
| Hedging | Prohibited for directors and executive officers . |
| Section 16 compliance | Company believes all Section 16 filings were timely in 2024, except one late Form 4 by Gerald A. Michaud (no delinquency noted for Lynn) . |
Investment Implications
- Alignment via equity and incentive pay appears limited at the Company level: HRZN reports no Company-paid executive compensation and no disclosed ownership for Lynn D. Dombrowski, reducing traditional pay‑for‑performance and insider‑ownership alignment signals for this role .
- Insider selling pressure risk is low based on disclosures: no beneficial ownership is reported for Lynn; hedging is prohibited, and no pledging policy is disclosed in the proxies .
- Retention risk and compensation drivers sit at the external Advisor: Company reimburses only CFO/CCO allocations and confirms no executive compensation is paid by HRZN, indicating retention and compensation levers (salary, bonus, equity) are determined by the Advisor outside public Company disclosures .
- Governance safeguards: A clawback policy is in place (Oct 2, 2023), albeit immaterial currently given no Company-paid incentive compensation to Covered Executives; hedging is prohibited, lowering misalignment risks from derivative hedges .
Overall, for trading signals tied to executive incentives/ownership, Lynn D. Dombrowski’s role provides limited direct signals given no disclosed ownership and no Company-paid compensation; monitoring Advisor-level disclosures and any future changes to HRZN’s compensation structure would be necessary to reassess alignment and retention dynamics .