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Directors Fees | 9 Months Ended
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Jun. 30, 2023
Directors Fees [Abstract] |
Directors Fees | Note 10. Directors Fees For each of calendar year 2022 and 2023 (through April 30, 2023), the Company’s independent directors each receive an annual fee of $100,000. In addition, the lead independent director receives an annual retainer of $30,000; the chair of the Audit Committee receives an annual retainer of $25,000, and each of its other members receives an annual retainer of $12,500; and the chairs of the Nominating and Corporate Governance Committee and of the Compensation Committee each receives an annual retainer of $15,000 and each of the other members of these committees receives annual retainers of $8,000. The Company’s independent directors also receive a fee of $3,000 for each board meeting and $2,500 for each committee meeting that they attended. Effective May 1, 2023, the Company’s independent directors each receive an annual fee of $150,000. In addition, the lead independent director receives an annual retainer of $30,000; the chair of the Audit Committee receives an annual retainer of $25,000, and each of its other members receives an annual retainer of $12,500; and the chairs of the Nominating and Corporate Governance Committee and of the Compensation Committee each receives an annual retainer of $15,000 and each of the other members of these committees receives annual retainers of $8,000. The Company’s independent directors will no longer receive fees for each board and committee meeting that they attend. No board service compensation is paid to directors who are “interested persons” of the Company (as such term is defined in the 1940 Act). For the three and nine months ended June 30, 2023, the Company recognized $0.2 million, and $0.5 million for directors’ fees expense, respectively. For the three and nine months ended June 30, 2022, the Company recognized $0.2 million, and $0.5 million for directors’ fees expense, respectively.

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