BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC) Files An 8-K Submission of Matters to a Vote of Security Holders

BLACKROCK CAPITAL INVESTMENT CORPORATION (NASDAQ:BKCC) Files An 8-K Submission of Matters to a Vote of Security Holders

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ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Annual Meeting:
On May 5, 2017, the Registrant held its 2017 annual meeting of
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.
First Proposal. The Companys stockholders elected two directors
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
Second Proposal. The Companys stockholders ratified the selection
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
Special Meeting:
On May 5, 2017, the Registrant held a special meeting of
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.
Proposal. The Companys stockholders approved a proposal to
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
Broker Non-Vote 0 shares
The vote on the above proposal, adjusted for 1,291,570 affiliated
shares, was as follows:
FOR
AGAINST
ABSTAIN
27,110,682
8,745,204
730,951
Broker Non-Vote 0 shares


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.

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