Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Departure of Director.

On and effective as of 12:00 a.m. midnight on May 5, 2026, the Board of Directors (the "Board") of Crescent Capital BDC, Inc. (the "Company") accepted the resignation of Elizabeth Ko as a member of the Board and a Class III Director. Ms. Ko did not serve on any committees of the Board. Ms. Ko's decision to resign was not the result of any disagreement with management or the Board, or related to the Company's operations, policies or practices. The Company and its Board appreciate the support and guidance Ms. Ko has provided as a member of the Board.

(d) Election of Director.

On and effective as of 1:00 p.m. on May 7, 2026, the Board elected Mr. Jason Breaux as a Class III director, which is the class of directors that will stand for election at the Company's 2027 Annual Meeting of Stockholders, or until a successor is duly elected and qualified. Mr. Breaux, who will serve as Chairman of the Board, will not receive any compensation or equity awards for his service as a director. Mr. Breaux has not been named to serve on any committee of the Board.

Mr. Breaux has served as Chief Executive Officer of the Company since 2015 and will continue to serve as Chief Executive Officer. Mr. Breaux also serves as Chairman of the investment committee of the Company's investment adviser. In addition, Mr. Breaux serves as Managing Director and Head of Private Credit of Crescent Capital Group LP ("Crescent") and is a member of Crescent's Operating Committee. Prior to joining Crescent in 2000, he worked at Roberston Stephens where he served in the mergers and acquisitions group. Prior to that, he worked in the investment banking division of Salomon Brothers. Mr. Breaux received an MBA from the Darden School of Business at the University of Virginia and an AB from Georgetown University.

On and effective as of 1:00 p.m. on May 7, 2026, the Board elected Mr. Henry Chung as a Class III director, which is the class of directors that will stand for election at the Company's 2027 Annual Meeting of Stockholders, or until a successor is duly elected and qualified. Mr. Chung will not receive any compensation or equity awards for his service as a director. Mr. Chung has not been named to serve on any committee of the Board.

Mr. Chung has served as President of the Company since 2024 and will continue to serve as President. Mr. Chung also serves as a Managing Director of Crescent, focusing on private credit. Prior to joining Crescent in 2015, he worked at Imperial Capital, where he was a member of the Corporate Finance division. Prior to that, he worked at Trinity Capital. Mr. Chung received a BA in Philosophy from the University of California, Los Angeles.