Medley Capital Corporation (NYSE:MCC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
On February 14, 2017, Medley Capital Corporation (the
Company) held its 2017 Annual Meeting
of Stockholders (the Annual Meeting).
The following two proposals were voted on at the meeting: (1) the
election of Mr. Brook Taube, Ms. Karin Hirtler-Garvey and Mr.
John E. Mack as Class III directors to serve until the Companys
2020 Annual Meeting of Stockholders; and (2) the ratification of
the appointment of Ernst Young LLP as the Companys independent
registered public accounting firm the fiscal year ending
September 30, 2017.
Stockholders of record at the close of business on December 20,
2016, were entitled to vote at the Annual Meeting. As of December
20, 2016, there were 54,474,211 shares of common shared
outstanding and entitled to vote. A quorum consisting of
45,248,124 shares of common stock of the Company were present or
represented by proxy at the Annual Meeting.
The final voting results for each of the proposals submitted to a
vote of stockholders at the Annual Meeting are set forth below.
Both such proposals were approved by the requisite vote.
| Proposal 1. |
The election of Mr. Brook Taube, Ms. Karin Hirtler-Garvey and Mr. John E. Mack as Class III directors to serve until the Companys 2020 Annual Meeting of Stockholders: |
| Director Nominee | Votes For | Votes Withheld | Abstentions | Broker Non-Votes |
|
Brook Taube |
19,017,177 | 555,168 | 25,675,779 | |
| Karin Hirtler-Garvey | 18,924,134 | 648,211 | 25,675,779 | |
| John E. Mack | 18,997,072 | 575,273 | 25,675,779 |
| Proposal 2. |
The ratification of the appointment of Ernst Young LLP as the Companys independent registered public accounting firm the fiscal year ending September 30, 2017: |
| Votes For | Votes Withheld | Abstentions |
| 44,405,083 | 592,598 | 250,443 |
About Medley Capital Corporation (NYSE:MCC)
Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions. Its investment portfolio includes senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may invest up to 100% of its assets in securities acquired directly from issuers in privately negotiated transactions. Its portfolio of investments includes industries, including banking, finance, insurance and real estate; construction and building; healthcare and pharmaceuticals; beverage and food, and telecommunications. MCC Advisors LLC is the Company’s investment advisor. Medley Capital Corporation (NYSE:MCC) Recent Trading Information
Medley Capital Corporation (NYSE:MCC) closed its last trading session down -0.03 at 7.88 with 789,319 shares trading hands.
