BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC) 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.
stockholders (the Annual Meeting). The proposals considered at
the Annual Meeting are described in detail in the Registrants
definitive proxy statement for the Annual Meeting as filed with
the Securities and Exchange Commission on March 21, 2017 (the
Annual Proxy). At the Annual Meeting, the Registrants
stockholders approved the first and second proposals described in
the Annual Proxy before the Annual Meeting was adjourned. As of
March 6, 2017, the record date, 72,807,547 shares of common stock
were eligible to vote.
of the Company (the Class I Directors), each of whom will serve
until the 2020 Annual Meeting, or until his or her successor is
duly elected and qualifies or until his or her earlier
resignation, removal from office, death or incapacity. The Class
I Directors were elected to the voting results set forth below:
|
Name
|
For
|
Withheld
|
||
|
John R. Baron
|
21,801,356
|
8,914,569
|
||
|
Jerrold B. Harris
|
20,780,830
|
9,935,095
|
of Deloitte Touche LLP to serve as the Companys independent
registered public accounting firm for the year ending December
31, 2017, as set forth below:
|
For
|
Against
|
Abstain
|
||
|
61,062,732
|
2,035,628
|
734,805
|
stockholders (the Special Meeting). The proposal considered at
the Special Meeting are described in detail in the Registrants
definitive proxy statement for the Special Meeting as filed with
the Securities and Exchange Commission on March 24, 2017 (the
Special Proxy). At the Special Meeting, the Registrants
stockholders approved the proposal described in the Special Proxy
before the Special Meeting was adjourned. As of March 6, 2017,
the record date, 72,807,547 shares of common stock were eligible
to vote.
authorize flexibility for the Company, with approval of the Board
of the Company, to sell or otherwise issue shares of its common
stock (during the next 12 months) at a price below the Companys
then current net asset value per share in one or more offerings,
subject to certain limitations set forth in the Special Proxy
(including that the cumulative number of shares sold to such
authority does not exceed 25% of the Companys then outstanding
common stock immediately prior to each such sale), as set forth
below:
|
FOR
|
AGAINST
|
ABSTAIN
|
||
|
28,402,252
|
8,745,204
|
730,951
|
shares, was as follows:
|
FOR
|
AGAINST
|
ABSTAIN
|
||
|
27,110,682
|
8,745,204
|
730,951
|
About BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC)
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Company invests in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. Its targeted investment typically ranges between $10 million and $50 million. The Company generally seeks to invest in companies that operate in a range of industries and that generate positive cash flows. The Company’s investment advisor is BlackRock Advisors, LLC. BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC) Recent Trading Information
BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC) closed its last trading session up +0.04 at 7.62 with 678,820 shares trading hands.
