Alcentra Capital Corporation (NASDAQ:ABDC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
Alcentra Capital Corporation (the“Company”) held its 2018 Annual Meeting of Shareholders (the“Annual Meeting”) on June 26, 2018. At the Annual Meeting, the Company submitted three proposals to the vote of the shareholders which are described in more detail in the Company’s proxy statement dated May 25, 2018. As of April 18, 2018, the record date for the Annual Meeting, 14,068,174 shares of the Company’s common stock were outstanding and entitled to vote.
On June 26, 2018, the following proposals were submitted to the vote of the shareholders:
| (1) | the proposal to elect one director of the Company; |
| (2) | the proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018; and |
| (3) | the proposal to approve an amendment to the Company’s Articles of Amendment and Restatement (the “Charter”) to allow the Company’s stockholders to amend the Company’s bylaws. |
Of the shares eligible to be voted, 12,313,352 were submitted in connection with these proposals.
A summary of the matters voted upon by shareholders is set forth below:
| Proposal 1. | The Company’s shareholders elected Edward Grebow, to serve for a term of three years, or until his successor is duly elected and qualified. |
| For | Withheld | BrokerNon-Votes |
| 4,817,205 | 2,288,788 | 5,207,359 |
| Proposal 2. | The Company’s shareholders voted to approve the proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018. |
All Stockholders
| Votes For | Votes Against | Abstain | Broker Non-Votes |
| 11,675,705 | 594,898 | 42,749 |
| Proposal 3. | The Company’s shareholders voted to approve an amendment to the Company’s Charter to allow the Company’s stockholders to amend the Company’s bylaws |
All Stockholders
| Votes For | Votes Against | Abstain | Broker Non-Votes |
| 6,596,272 | 439,473 | 70,248 | 5,207,359 |
Proposals 1 and 2 received sufficient votes to pass. Proposal 3 did not receive sufficient votes to pass.
About Alcentra Capital Corporation (NASDAQ:ABDC)
Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million. Its investments range in size from $5 million to $15 million. Its investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of senior debt, unitranche, second lien, subordinated debt and, to a lesser extent, senior debt and minority equity investments. Its investment focus is to make loans to, and selected equity investments in, privately-held lower-middle-market companies.
