On March 31, 2015, Mr. Paul Mendelson resigned from his position as a member of the board of directors of FS Investment Corporation, effective as of April 1, 2015. Mr. Mendelson's decision to resign was based on the demands on his time from other professional commitments, and not the result of any disagreement relating to the company's operations, policies or practices. Mr. Mendelson will continue to serve as a board member of FS Investment Corporation II.

Effective April 1, 2015, the Board appointed Mr. James F. Volk as the chief compliance officer of the Company. Mr. Volk replaces Salvatore Faia, who had served as the company's chief compliance officer since May 2008 pursuant to an agreement with Vigilant Compliance, LLC.