Gladstone Capital announced its board of directors elected Caren D. Merrick as a director to fill a vacancy in its Class of 2015. Merrick was also appointed a member of the company’s Audit Committee, effective immediately.

Merrick was selected as a director of the company due to her knowledge of operating a business and her understanding of the small business area. With more than 20 years of small business experience, Merrick also brings a unique perspective to the board. She has overseen the successful growth and evolution of her own business and has been a board member of small and large businesses, charities and non-profits.

Merrick is an independent director within the meaning of NASDAQ Stock Market Marketplace Rule 5605(a)(2) and §10A of the Securities and Exchange Act of 1934, as amended. Because Merrick is filling a vacancy on the board, Merrick’s initial term will expire on the date of the company’s Annual Meeting of Stockholders, which is expected to take place in February 2015. The company’s Ethics, Nominating, and Corporate Governance Committee also nominated Merrick to stand for re-election to the board at the Company’s 2015 Annual Stockholders Meeting.

Merrick is the founder and current chief executive officer of Your Pocket Mentor, a mobile application and digital publishing company focused on leadership development and career advancement. She is a partner with Bibury Partners, an investment and advisory firm that focuses on enterprise and consumer technology sectors. She is a board member of the Metropolitan Washington Airports Authority.

In the past, Merrick co-founded, and served as an executive vice president of webMethods, a business-to-business enterprise software solution for Global 2000 companies that employed over 1,100 people worldwide. While at webMethods, Merrick co-founded and served as the president and chairman of the webMethods Foundation118 Foundation, which provided financial grants to non-profits that help low income families in the areas of education, economic development, healthcare and housing in the greater Washington D.C. area and East Africa.