Tod Reichert
About Tod Reichert
Tod K. Reichert, age 63, has served as Corporate Secretary of OFS Credit Company, Inc. (OCCI) since 2017. He is Managing Director, Chief Administrative Officer, and General Counsel of OFS Advisor and OFSC; General Counsel and Corporate Secretary of OFSAM Holdings and OFSAM; and Corporate Secretary of Hancock Park and OFS Capital . He holds a J.D. from Rutgers University School of Law – Newark and a BFA from the University of North Carolina; he is NACD Directorship Certified and holds a CERT Certificate in Cyber Oversight . Company performance context: OCCI net income improved from -$1.89 million in FY 2023 to $15.02 million in FY 2024, reflecting a swing back to profitability during Reichert’s ongoing tenure as Corporate Secretary* [GetFinancials].
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| MCG Capital Corporation (Nasdaq: MCGC) | General Counsel, Chief Compliance Officer, Corporate Secretary; member of credit and SBIC investment committees | — | Led legal/compliance, managed complex litigation, advised board/senior management on securities law and transactional matters |
| Private Practice (New York, Princeton, Boston) | Attorney | — | Corporate governance and transactional advisory across securities, compliance, corporate finance, M&A |
External Roles
| Organization | Role | Years |
|---|---|---|
| OFS Advisor; OFSC | Managing Director, Chief Administrative Officer, General Counsel | — |
| OFSAM Holdings; OFSAM | General Counsel and Corporate Secretary | — |
| OFS Credit (OCCI) | Corporate Secretary | Since 2017 |
| Hancock Park Corporate Income; OFS Capital | Corporate Secretary | — |
Fixed Compensation
None of OCCI’s officers, including Tod Reichert, receive direct compensation from OCCI. Reichert is paid by OFSC, with OCCI reimbursing an allocable portion pursuant to the Administration Agreement; functions outsourced under the Staffing Agreement may be paid directly without profit to OFS Services .
| Component | OCCI Treatment | Notes |
|---|---|---|
| Base Salary | Not paid by OCCI | Compensation paid by OFSC; OCCI reimburses allocable portion per Administration Agreement |
| Target Bonus % / Actual Bonus | Not paid by OCCI | No OCCI-specific officer bonus program disclosed |
| Equity Awards (RSUs/PSUs) | Not paid by OCCI | No OCCI officer equity grant program disclosed |
| Perquisites | Not disclosed | — |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | OCCI does not directly compensate officers; no performance metric-based pay disclosed for Reichert |
Equity Ownership & Alignment
| Metric | As of Jun 20, 2024 | As of Jun 20, 2025 |
|---|---|---|
| Common shares beneficially owned | 16,348 | 19,862 |
| % of common shares outstanding | <1% (less than one percent) | <1% (less than one percent) |
| Preferred shares beneficially owned | 0 | 0 |
| Pledged as collateral | None of Reichert’s directly held shares are pledged | None of Reichert’s directly held shares are pledged |
Additional alignment and trading policy context:
- Hedging transactions are not categorically prohibited; directors and officers must obtain clearance from the Chief Compliance Officer before trading derivative securities related to OCCI common stock .
- Insider Trading Policy and Procedures were filed with the SEC on June 11, 2024 as an exhibit to the Semi-Annual Report on Form N-CSR for the six-month period ended April 30, 2024 .
Employment Terms
- Employment agreements, severance, and change-of-control economics for OCCI officers are not disclosed at OCCI; officers are employed and compensated by OFSC with OCCI reimbursing an allocable portion per the Administration Agreement .
- Corporate governance and stockholder communications are administered through the Corporate Secretary (Reichert), including annual meeting notices and proposal submissions .
Company Performance Context
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Net Income - (IS) ($USD) | -$1,888,359* | $15,021,613* | —* |
Values retrieved from S&P Global.*
- Advisory fee structure: OCCI paid OFS Advisor a base management fee of $3.46 million and an incentive fee of $4.36 million for FY 2024; for the six-month period ended April 30, 2025, base management fee $2.35 million and incentive fee $2.58 million. The Company notes potential incentive effects of this fee structure on investment risk-taking and leverage .
Governance and Related-Party Context
- Conflicts and co-investment: The proxy outlines conflicts in allocating investment opportunities across OFS Advisor-affiliated accounts and restrictions under the Investment Company Act of 1940; co-investment is permitted only under specific SEC staff guidance conditions .
- Corporate governance documents, Code of Business Conduct, and board committee charters are available via OCCI’s website; stockholders may request copies through the Corporate Secretary (Reichert) .
Investment Implications
- Compensation alignment: Reichert does not receive direct OCCI compensation; officer pay resides at OFSC. This externally managed structure shifts pay-for-performance alignment from OCCI-specific metrics to OFS Advisor/OFSC frameworks, while OCCI pays base and incentive fees to OFS Advisor—potentially encouraging higher-risk or levered investment strategies as disclosed .
- Ownership and selling pressure: Reichert’s stake is small (<1%), increased modestly from 16,348 to 19,862 shares year over year, with no pledging disclosed—limiting direct insider selling pressure signals .
- Trading risk controls: Hedging requires compliance approval; insider trading policy is on file—providing procedural guardrails but not outright prohibitions that would strengthen alignment .
- Performance backdrop: OCCI’s net income swung from a loss in FY 2023 to a profit in FY 2024, improving the pay-for-performance narrative at the company level during Reichert’s ongoing tenure as Corporate Secretary* [GetFinancials]. However, officer incentive linkage to OCCI-specific metrics is not disclosed due to the external management model .