Mukya Porter
About Mukya Porter
Mukya S. Porter is Chief Compliance Officer (CCO) of OFS Capital, Hancock Park, OFS Credit, OFSC, OFSAM Holdings and OFS Advisor, overseeing compliance and risk management across the complex; she is 50 and has served as CCO since 2017 . She holds a B.S. in Biology (magna cum laude) from Howard University (1996) and a J.D. from UC Berkeley School of Law (2001), with ~20 years advising investment advisers, broker‑dealers and financial institutions . OFS discloses that executive officers, including the CCO, do not receive direct compensation from OFS; they are paid by OFSC and OFS is reimbursed for an allocable portion, indicating limited direct pay-for-performance linkage to OFS‑level metrics . OFS’s code allows hedging transactions with clearance from the Chief Compliance Officer, placing compliance oversight at the center of insider activity controls .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Oaktree Capital Management | Senior Vice President of Compliance | 2012–2016 | Oversight of firm’s code of ethics program; day‑to‑day management of affiliated limited‑purpose broker‑dealer |
| Pacific Investment Management Company (PIMCO) | Vice President & Senior Compliance Officer | 2010–2012 | Senior compliance leadership at a large investment adviser |
| Morgan Stanley Global Wealth Management / Morgan Stanley Investment Management | Vice President (Legal) and Vice President of Compliance | 2004–2010 | Legal and compliance responsibilities supporting wealth and investment management businesses |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed | — | — | OFS filings do not disclose external boards or roles for Ms. Porter |
Fixed Compensation
- Executive officers (CEO, CFO, CCO, Corporate Secretary) “do not receive direct compensation” from OFS; they are paid by OFSC, with OFS reimbursing an allocable portion under the Administration Agreement .
- The Compensation Committee reviews and approves reimbursement of compensation for the CEO, CFO and Chief Compliance Officer (among officers’ finance and compliance responsibilities) .
No base salary, bonus targets, or cash compensation details for Ms. Porter are disclosed in OFS proxy statements; compensation is administered at OFSC and not directly by OFS .
Performance Compensation
- OFS does not disclose any RSU/PSU grants, option awards, performance metric weightings, or payout formulas for Ms. Porter; officers are not directly compensated by OFS .
- OFS Advisor (external manager) is compensated via base management and incentive fees tied to assets and income, which introduces potential conflicts at the manager level (not officer‑specific pay metrics) .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Ms. Porter | — | — | — | — | — |
Equity Ownership & Alignment
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Shares Beneficially Owned | 210 | 210 |
| Ownership % of Outstanding | <1% | <1% |
| Vested vs. Unvested | Not disclosed | Not disclosed |
| Options (Exercisable/Unexercisable) | Not disclosed | Not disclosed |
| Shares Pledged | None disclosed for Ms. Porter | None disclosed for Ms. Porter |
- Alignment flags: OFSAM Holdings (affiliate with senior management ownership interests) has pledged 2,946,473 OFS shares as security for a revolving credit facility, indicating affiliate‑level pledging risk (not attributed to Ms. Porter) .
- Hedging: Code does not prohibit hedging; derivative transactions require CCO clearance, centralizing control within Ms. Porter’s remit .
- Ownership guidelines: No officer stock ownership guidelines or compliance status are disclosed in OFS proxy .
Employment Terms
- Role start date and tenure: Chief Compliance Officer since 2017 .
- Employment contracts, severance, change‑of‑control, non‑compete/non‑solicit, garden leave, consulting: Not disclosed in OFS proxy statements for officers .
- Legal/Regulatory: OFS reports no legal proceedings of the type described in Items 401(f)(7),(8) of Regulation S‑K in the past 10 years against its directors, nominees, or officers .
- Insider trading policy: Applies to officers and directors; derivative transactions in OFS stock require CCO clearance; hedging is not categorically banned .
Investment Implications
- Pay-for-performance linkage: As an externally managed BDC, OFS officers (including the CCO) are compensated by OFSC with OFS reimbursing costs, and OFS provides no officer‑specific pay metrics or equity incentives—reducing direct alignment of Ms. Porter’s compensation with OFS TSR, revenue, or EBITDA outcomes .
- Selling pressure: Ms. Porter’s beneficial ownership is de minimis (210 shares, <1%), suggesting minimal direct insider selling pressure from her personal holdings .
- Risk controls: The CCO’s centralized clearance authority over derivative transactions and insider activity is a governance positive; however, the code permits hedging subject to clearance, which can dilute alignment for some insiders relative to strict no‑hedging policies .
- Pledging risk exists at the affiliate level (OFSAM Holdings pledge), which is a governance red flag if the pledge could influence voting or liquidity decisions; this is not attributed to Ms. Porter but relevant to the broader governance ecosystem she oversees .
- Manager‑level incentives: Advisory fee structures tied to assets and income may encourage leverage or speculative investments at the manager level; robust compliance and risk oversight under Ms. Porter is a mitigant but does not eliminate structural conflicts .
Overall, Ms. Porter’s role is pivotal for compliance integrity and trading‑policy enforcement across the OFS complex, but her personal equity alignment with OFS is limited and OFS does not disclose officer‑level incentive metrics; investors should monitor affiliate pledging, hedging clearances, and advisory fee‑driven conflicts with an emphasis on independent board oversight and CCO controls .