GOLUB CAPITAL BDC, INC. (NASDAQ:GBDC) 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 5, 2019, Golub Capital BDC, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved three proposals. The issued and outstanding shares of stock of the Company entitled to vote at the Annual Meeting consisted of 60,165,454 shares of common stock outstanding on the record date, December 12, 2018. The final voting results from the Annual Meeting were as follows:
Proposal 1. To elect two Class III directors of the Company who will each serve for a term of three years or until his successor is duly elected and qualified.
|
Name |
Votes For |
Votes Against |
Abstain |
Broker Non-Vote |
|
Lawrence E. Golub |
20,486,589 |
153,086 |
80,567 |
26,955,149 |
|
WilliamM.Webster IV |
19,471,548 |
1,162,579 |
86,112 |
26,955,149 |
Proposal 2. To ratify the selection of Ernst & Young LLP to serve as the Company’s independent registered accounting firm for the fiscal year ending September 30, 2019.
|
Votes for |
Votes Against |
Abstain |
|
47,185,452 |
308,388 |
95,436 |
Proposal 3. To approve the application of the reduced asset coverage requirements in Section61(a)(2) of the Investment Company Act of 1940, as amended, to the Company, which permits the Company to double the maximum amount of leverage that it is permitted to incur by reducing the asset coverage requirements applicable to the Company to 150% from 200%, effective as of February 6, 2019.
|
Votes for |
Votes Against |
Abstain |
Broker Non-Vote |
|
20,162,642 |
392,496 |
141,416 |
26,955,149 |
About GOLUB CAPITAL BDC, INC. (NASDAQ:GBDC)
Golub Capital BDC, Inc. is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies. It may also selectively invest in second lien and subordinated loans of, and warrants and minority equity securities in the United States middle-market companies. The Company seeks to create a portfolio that includes primarily senior secured and one stop loans by primarily investing in the securities of the United States middle-market companies. It generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated. The Company’s investment activities are managed by its investment advisor, GC Advisors LLC (GC Advisors).