Company: NMFCZ
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012061
Chunk: 21

Company: New Mountain Finance Corp
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 21
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 directly compensate its executive officers currently, to the extent that it does

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TABLE OF CONTENTS

so in the future, the compensation committee would also be responsible for reviewing and evaluating their compensation and making recommendations to the board of directors regarding their compensation. The compensation committee is also responsible for annually reviewing and recommending for approval to NMFC’s board of directors an investment advisory and management agreement and an administration agreement, each of which were most recently re-approved by the compensation committee and the board of directors on January 29, 2025 for a period of 12 months commencing on March 1, 2025. Lastly, the compensation committee would produce a report on NMFC’s executive compensation practices and policies for inclusion in our proxy statement if required by applicable proxy rules and regulations and, if applicable, make recommendations to the board of directors on NMFC’s executive compensation practices and policies. The compensation committee has the authority to engage compensation consultants, although it does not currently do so, and to delegate its duties and responsibilities to a member or to a subcommittee of the compensation committee. The compensation committee is composed of Alfred F. Hurley, Jr., David Ogens, Rome G. Arnold III, Daniel B. Hébert and Barbara Daniel, each of whom is an Independent Director. Alfred F. Hurley, Jr. serves as chairman of the compensation committee. Valuation Committee The valuation committee operates pursuant to a charter approved by NMFC’s board of directors, a copy of which is available on NMFC’s website at www.newmountainfinance.com. The charter sets forth the responsibilities of the valuation committee. The valuation committee is responsible for, among other things, the following functions:

| • | to determine whether market quotations are readily available for securities held directly or indirectly, by the Company; |

| • | to review the Company’s valuations methodologies at least annually, or more frequently, if needed; |

| • | to test the Company’s valuation methodologies for appropriateness and accuracy using a method that the board of directors deems to be appropriate; |

| • | to consider the qualifications and effectiveness of any third-party valuation firm engaged by the Company to perform valuations of its securities; |

| • | to consider the qualifications and effectiveness of any pricing service engaged by the Company to perform valuations of its securities; |

| • | to determine, no less frequently than annually, the material risks associated with the board of directors’ determination of the fair value of the Company’s investments; |

| • | to determine in