Medley Capital Corporation (NYSE:MCC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On February 13, 2018, Medley Capital Corporation (the "Company") held its 2018 Annual Meeting of Stockholders (the "Annual Meeting"). The following two proposals were voted on at the meeting: (1) the election of Mr. Jeff Tonkel and Mr. Mark Lerdal as Class I directors to serve until the Company's 2021 Annual Meeting of Stockholders; and (2) the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm the fiscal year ending September 30, 2018.
Stockholders of record at the close of business on December 19, 2017, were entitled to vote at the Annual Meeting. As of December 19, 2017, there were 54,474,211 shares of common stock outstanding and entitled to vote. A quorum consisting of 43,452,375 shares of common stock of the Company were present of represented by proxy at the Annual Meeting.
The final voting results for each of the proposals submitted to a vote of stockholders at the Annual Meeting are set forth below. Both such proposals were approved by the requisite vote.
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Proposal 1. |
The election of Mr. Jeff Tonkel and Mr. Mark Lerdal as Class I directors to serve until the Company's 2021 Annual Meeting of Stockholders: |
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|
Director Nominee |
Votes For |
Votes Withheld |
Abstentions |
Broker Non-Votes |
|
Jeff Tonkel |
11,379,384 |
1,732,967 |
30,340,024 |
|
|
Mark Lerdal |
12,023,723 |
1,088,628 |
30,340,024 |
|
Proposal 2. |
The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm the fiscal year ending September 30, 2018: |
|
|
Votes For |
Votes Withheld |
Abstentions |
|
42,661,980 |
524,322 |
266,073 |
About Medley Capital Corporation (NYSE:MCC)
Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions. Its investment portfolio includes senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may invest up to 100% of its assets in securities acquired directly from issuers in privately negotiated transactions. Its portfolio of investments includes industries, including banking, finance, insurance and real estate; construction and building; healthcare and pharmaceuticals; beverage and food, and telecommunications. MCC Advisors LLC is the Company’s investment advisor.
