Western Asset High Yield Opportunity Fund Inc. (HYI)
HYI 8-K filings, explained
Every material Form 8-K Western Asset High Yield Opportunity Fund Inc. has filed with the SEC since July 22, 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The fund's board appointed Nisha Kumar as a director effective January 1, 2019, and two directors, Dr. Riordan Roett and Leslie H. Gelb, retired effective December 31, 2018. The changes are routine board updates that do not alter the fund's management roles, and the filing reports no effect on fund operations or shareholder payments.
Nisha Kumar appointed director effective January 1, 2019, and will sit on the Audit, Nominating, Compensation, and Pricing and Valuation Committees
Dr. Riordan Roett and Leslie H. Gelb retire as directors effective December 31, 2018
Kumar has been Managing Director and CFO and Chief Compliance Officer of Greenbriar Equity Group, LP since 2011
The changes apply across the closed-end funds advised by Legg Mason Partners Fund Advisors, LLC, announced in a January 2, 2019 press release
On August 14, 2017, KPMG resigned as the independent auditor of Western Asset High Yield Defined Opportunity Fund at the Fund's request, and the Board approved PricewaterhouseCoopers as the new auditor for the fiscal year ending May 31, 2018. The filing states there were no disagreements with KPMG and no reportable events, and KPMG's prior reports contained no adverse opinion or disclaimer, so the change is administrative in nature.
KPMG resigned as auditor on August 14, 2017, at the Fund's request.
Board approved PricewaterhouseCoopers on August 10, 2017, effective August 14, 2017, for the fiscal year ending May 31, 2018.
KPMG's reports for the fiscal year ended May 31, 2017 and the two prior fiscal years contained no adverse opinion, disclaimer, or qualification.
The Fund states there were no disagreements with KPMG and no reportable events; KPMG's letter is dated August 16, 2017 (Exhibit 16.1).
Western Asset High Yield Defined Opportunity Fund said Jane Trust will become a director/trustee, Chairman, Chief Executive Officer and President effective August 1, 2015, succeeding Kenneth D. Fuller, whose resignation from those roles takes effect July 31, 2015. The change affects a group of closed-end funds advised by Legg Mason Partners Fund Advisors, LLC, so shareholders will see new leadership across these funds.
Jane Trust appointed director/trustee, Chairman, CEO and President effective August 1, 2015
Kenneth D. Fuller resigns from the same roles effective July 31, 2015
Trust is a Senior Vice President of the fund's investment manager and has been with Legg Mason for almost 27 years
Change applies to multiple Legg Mason-advised closed-end funds, per the attached press release
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Western Asset High Yield Opportunity Fund Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →