Board chair dies at Eaton Vance Floating-Rate (NYSE: EFT) trust

Rhea-AI Filing Summary

Eaton Vance Floating-Rate Income Trust reported the unexpected passing of its Board chairperson, Mark R. Fetting, on August 9, 2025. This creates a sudden change in leadership at the Board level for the closed-end fund.

The trust has appointed Susan J. Sutherland to serve as acting Chairperson of the Board, providing interim leadership continuity. Effective August 12, 2025, the Board also reduced its size from ten to nine members, aligning its composition with the current number of trustees following Mr. Fetting’s passing.

Insights

Governance and closed-end fund analyst

Board chair’s unexpected death prompts interim leadership shift.

The trust discloses that Board chair Mark R. Fetting unexpectedly passed away on August 9, 2025. In response, Susan J. Sutherland is serving as acting Chairperson of the Board, ensuring that there is a designated leader overseeing Board activities and governance decisions for the fund.

The Board also reduced its size from ten to nine members effective August 12, 2025, matching the current number of trustees after the loss of a member. This is an administrative adjustment rather than a strategic restructuring. Future disclosures in periodic reports or additional current reports may provide more detail on any permanent chair appointment or further Board changes.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 9, 2025

EATON VANCE FLOATING-RATE INCOME TRUST

(Exact name of registrant as specified in its charter)

Massachusetts (State or other jurisdiction of incorporation)	811-21574 (Commission File Number)	56-2459786 (IRS Employer Identification No.)
One Post Office Square Boston, Massachusetts (Address of principal executive offices)		02109 (Zip Code)

(617) 482-8260
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Titles of Each Class	Trading Symbol	Name of exchange on which registered
Common Shares of Beneficial Interest, $0.01 par value	EFT	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 8.01 Other Events

Mr. Mark R. Fetting, who served as Chairperson of the Board of Trustees of the registrant (the “Board”), unexpectedly passed away on August 9, 2025. Ms. Susan J. Sutherland is serving as acting Chairperson of the Board. Effective as of August 12, 2025, the Board has reduced the size of the Board from ten to nine members.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EATON VANCE FLOATING-RATE INCOME TRUST

By: /s/ Deidre E. Walsh

Name: Deidre E. Walsh

Title: Vice President & Chief Legal Officer

Date:   August 14, 2025

FAQ

What did Eaton Vance Floating-Rate Income Trust (EFT) disclose in this 8-K?

The trust disclosed that its Board chairperson, Mark R. Fetting, unexpectedly passed away on August 9, 2025, and it outlined related Board leadership and size changes.

Who is serving as acting chairperson for Eaton Vance Floating-Rate Income Trust (EFT)?

Susan J. Sutherland is serving as the acting Chairperson of the Board, succeeding the late Mark R. Fetting in an interim capacity.

How did the Board size change at Eaton Vance Floating-Rate Income Trust (EFT)?

Effective August 12, 2025, the Board of Eaton Vance Floating-Rate Income Trust reduced its size from ten to nine members following the passing of Mark R. Fetting.

Does the 8-K for Eaton Vance Floating-Rate Income Trust (EFT) describe any financial impact?

The disclosure focuses on governance and Board composition changes related to the chairperson’s passing and does not describe specific financial figures or performance metrics.

What is the trading symbol and exchange for Eaton Vance Floating-Rate Income Trust?

Eaton Vance Floating-Rate Income Trust’s common shares of beneficial interest trade under the symbol EFT on the New York Stock Exchange (NYSE).

Is Eaton Vance Floating-Rate Income Trust (EFT) classified as an emerging growth company?

The trust indicated that it is not an emerging growth company by leaving the related checkbox unmarked.