Main Street Capital Corporation (NYSE:MAIN) 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 May1, 2017, Main Street Capital Corporation (Main Street) held
its 2017 annual meeting of stockholders (the Annual Meeting) at
Pearl Studio, Full Goods Building, 200 East Grayson, Suite115,
San Antonio, Texas 78215. The issued and outstanding shares of
stock of Main Street entitled to vote at the Annual Meeting
consisted of the 55,274,757 shares of common stock outstanding on
the record date, March3, 2017. The common stockholders of Main
Street voted on four matters at the Annual Meeting. The final
voting results from the Annual Meeting are as follows:
(1) A proposal to elect each of the eight members of Main Streets
Board of Directors for a term of one year:
|
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-Votes |
|
|
|
|
|
|
|
|
|
|
|
|
Michael Appling,Jr. |
16,606,660 |
2,781,168 |
250,250 |
28,381,244 |
||||
|
Joseph E. Canon |
16,468,950 |
2,910,586 |
258,540 |
28,381,246 |
||||
|
Arthur L. French |
19,126,548 |
251,292 |
260,230 |
28,381,252 |
||||
|
J. Kevin Griffin |
16,623,869 |
2,760,661 |
253,546 |
28,381,246 |
||||
|
John E. Jackson |
19,206,564 |
173,239 |
258,269 |
28,381,250 |
||||
|
Brian E. Lane |
16,612,544 |
2,767,388 |
258,145 |
28,381,245 |
||||
|
Stephen B. Solcher |
19,214,152 |
166,676 |
257,246 |
28,381,248 |
||||
|
Vincent D. Foster |
18,744,101 |
639,198 |
254,772 |
28,381,251 |
(2) A proposal to ratify the appointment of Grant Thornton LLP as
Main Streets independent registered public accounting firm for
the year ending December31, 2017:
|
VotesFor |
VotesAgainst |
Abstentions |
|||||
|
47,151,098 |
467,323 |
400,901 |
(3) A proposal to approve, on an advisory basis, the compensation
of our named executive officers:
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-Votes |
|
|
17,846,512 |
1,147,267 |
644,286 |
28,381,257 |
(4) A proposal to determine, on an advisory basis, the preferred
frequency (every one year, two years or three years) of our
stockholders to conduct an advisory vote regarding the
compensation of our named executive officers:
|
ThreeYears |
|
TwoYears |
|
OneYear |
|
Abstentions |
|
|
7,941,490 |
851,972 |
10,370,017 |
474,577 |
In accordance with the results of this vote, our Board of
Directors determined to implement an advisory vote on executive
compensation each year until the next required advisory vote on
the frequency of stockholder votes on the compensation of
executives, which is scheduled to occur at the 2023 Annual
Meeting of Stockholders.
About Main Street Capital Corporation (NYSE:MAIN)
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors. The Company invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. The Company’s investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies, Private Loan portfolio investments, Other Portfolio investments, and the investment in MSC Adviser I, LLC (the External Investment Manager). Main Street Capital Corporation (NYSE:MAIN) Recent Trading Information
Main Street Capital Corporation (NYSE:MAIN) closed its last trading session down -0.37 at 39.99 with 407,802 shares trading hands.