Alcentra Capital Corporation (NASDAQ:ABDC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders. |
Alcentra Capital Corporation (theCompany) held its 2017 Annual
Meeting of Shareholders (theAnnual Meeting) on June 15, 2017. At
the Annual Meeting, the Company submitted two proposals to the
vote of the shareholders which are described in more detail in
the Companys proxy statement dated April 27, 2017. As of May 8,
2017, the record date for the Annual Meeting, 13,437,059 shares
of the Companys common stock were outstanding and entitled to
vote.
On June 15, 2017, the following proposals were submitted to the
vote of the shareholders:
| (1) | the proposal to elect two directors of the Company; and |
| (2) |
the proposal to ratify the appointment of KPMG LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017. |
Of the shares eligible to be voted, 9,901,975 were submitted in
connection with these proposals.
A summary of the matters voted upon by shareholders is set forth
below:
| Proposal 1. |
The Companys shareholders elected Paul J. Echausse, to serve for a term of three years, or until his successor is duly elected and qualified. |
| For | Withheld | BrokerNon-Votes | |||||
| 5,058,686 | 70,206 | 4,773,083 | |||||
|
The Companys shareholders elected Steven H. Reiff, to serve for a term of three years, or until his successor is duly elected and qualified. |
| For | Withheld | BrokerNon-Votes | |||||
| 5,059,128 | 69,764 | 4,773,083 | |||||
| Proposal 2. |
The Companys shareholders voted to approve the proposal to ratify the appointment of KPMG LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017. |
All Stockholders
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 9,826,018 | 62,332 | 13,625 |
A third proposal included in the Companys proxy statement was to
vote to approve the adjournment of the Annual Meeting, if
necessary or appropriate, to solicit additional proxies. Because
Proposals 1 and 2 received sufficient votes and the Company did
not need to solicit additional proxies and therefore the Companys
shareholders did not need to vote on the third proposal.
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.
