Company: EQS
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0001712543-25-000002
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Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-01-06
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

On December 30, 2024, the Board of Directors (“ Board”)
of Equus Total Return, Inc. (the “ Company”) appointed Fraser Atkinson as its independent Chairman. Mr. Atkinson has been an
independent member of the Board since 2010 and has served as the Chair of the Company’s Audit Committee since his election to the
Board. He will continue to serve as Chair of the Audit Committee in addition to his service as Board Chairman. Mr. Atkinson has also served
on the Company’s Compensation Committee and Corporate Governance and Nominating Committee and will continue to serve in such capacity
following his appointment as Board Chairman.

Also on December 30, 2024, the Board appointed John
J. May as an independent director to fill the vacancy on the Board resulting from the recent passing of Robert L. Knauss, to serve until
the next annual meeting of the Company’s shareholders. The Board also appointed Mr. May to serve as an independent member of the
Company’s Audit Committee, Compensation Committee, and Corporate Governance and Nominating Committee. Other than the foregoing,
there are no arrangements or understandings between Mr. May and any other person pursuant to which Mr. May was selected as a director.

John J. May, age 76, is currently the Managing Partner
of City & Westminster Corporate Finance LLP. He is also a director of LGX Energy Corp., Key Mining Corp, and the Chairman of the Small
Business Bureau Limited and the Genesis Initiative Limited - an advocate of micro and small and medium-sized businesses in the United
Kingdom. He is also a principal of a boutique Charted Accountancy practice in London. Previously, Mr. May has served as a director and
principal of a variety of private and public companies in the United States and internationally.