Triangle Capital Corp.’s chief executive officer received $2 million in total compensation in 2017, up 10 percent from 2016 according to a Securities and Exchange Commission filing.

CEO E. Ashton Poole was paid an annual base salary of $445,000 in 2017. His general base salary increased $11,250 during the year.

Poole’s 2017 stock awards were $1,029,875 up from the previous year’s $745,025.

In summary, Poole’s 2017 compensation totaled $2,009,260 up from 2016’s $1,828,354, a 10 percent increase.

Poole joined Triangle Capital in 2013 and serves as chairman and CEO. He is also a member of the investment committee and board of directors. Prior to joining Triangle, Poole worked in the investment banking division of Morgan Stanley, serving as the managing director.

Chief Financial Officer Steven Lilly also saw a substantial increase in total compensation. His total 2017 compensation increased from $1,733,429 to $1,584,444, a 9.5 percent increase.

Lilly was paid an annual base salary of $340,000 in 2017. His base salary recognizes his lead role in managing all financial aspects of the company, and his leadership is matters relating to capital structure.

Since 2016, Lilly’s salary has increased $5,000. Lilly’s stock awards were $866,250, up from the previous year’s $648,610. It should be noted that in total, the company’s current investment portfolio declined in value during the past quarter due to investments made in 2014 and 2o15.

Triangle Capital provides capital to established lower middle-market companies. The company has a primary focus on mezzanine financing with equity components.

They typically invest $5 million to $30 million per transaction to support buyouts, acquisitions, growth financing, and recapitalizations.

The company was founded in 2007.