Logan Ridge Finance Corp 2024年度报告

Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Logan Ridge Finance Corporation 650 Madison Avenue, 3rd FloorNew York, New York 10022Telephone: (212) 891-2880State of Incorporation: Maryland Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☐ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $59.9 million based on thenumber of shares held by non-affiliates of the registrant as of June 30, 2024, which was the last business day of the registrant’s mostrecently completed second fiscal quarter. For the purposes of calculating this amount only, all directors and executive officers of theregistrant have been treated as affiliates. The number of shares of Logan Ridge Finance Corporation’s common stock, $0.01 par value, outstanding as of March 10, 2025 was2,655,898. DOCUMENTS INCORPORATED BY REFERENCE Part III, Items 10-14 of this Annual Report on Form 10-K will be filed in our definitive proxy statement or in an amendment to thisAnnual Report on Form 10-K, to be filed not later than 120 days after December 31, 2024. Such information is incorporated hereinby reference. TABLE OF CONTENTS PART IItem 1.Item 1A.Item 1B.Item 1C.Item 2.Item 3.Item 4.PART IIItem 5. Business2Risk Factors21Unresolved Staff Comments46Cybersecurity47Properties47Legal Proceedings47Mine Safety Disclosures47 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchasesof Equity Securities48[Reserved]51Management’s Discussion and Analysis of Financial Condition and Results of Operations52Quantitative and Qualitative Disclosures about Market Risk64Consolidated Financial Statements and Supplementary DataF-1Changes in and Disagreements with Accountants on Accounting and Financial Disclosure65Controls and Procedures65Other Information65Disclosure Regarding Foreign Jurisdictions that Prevent Inspections65 Item 6.Item 7.Item 7A.Item 8.Item 9.Item 9A.Item 9B.Item 9C. PART IIIItem 10.Item 11. Directors, Executive Officers and Corporate Governance66Executive Compensation66Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters66Certain Relationships and Related Transactions, and Director Independence66Principal Accountant Fees and Serv