Monroe Capital Corporation (NASDAQ:MRCC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders |
On June 21, 2017, Monroe Capital Corporation (the Company) held
its 2017 annual meeting of stockholders (the Meeting) to consider
Proposals 1 and 2 as described in detail in the Companys
definitive proxy statement filed with the Securities and Exchange
Commission on April 26, 2017 (the Proxy Statement). A summary of
the matters voted upon by stockholders is set forth below.
Proposal 1Election of Class II Directors
The following individuals, constituting all of the nominees named
in the Proxy Statement, were elected as Class II directors to
serve until the 2020 annual meeting of stockholders and until
their successors have been duly elected and qualified. The
following votes were taken in connection with this proposal:
| For | Withheld |
Broker Non-Vote |
||||
| Aaron D. Peck | 7,720,264 | 784,349 | ||||
| Jeffrey A. Golman | 6,171,881 | 2,332,732 | ||||
| Jorde M. Nathan | 6,563,232 | 1,941,382 |
Proposal 2Approval to Sell Shares of Common Stock Below
Net Asset Value
The Companys stockholders approved a proposal to authorize
flexibility for the Company, with the approval of its Board of
Directors, to sell shares of its common stock during the next
twelve months at a price below its then-current net asset value
per share, subject to certain limitations as set forth in the
Proxy Statement. The following votes were taken in connection
with this proposal:
| For | Against | Abstain | Broker Non-Vote | |||||||
| With Affiliates | 6,698,171 | 1,525,733 | 280,709 | |||||||
| % of shares voted | 78.76 | % | 17.94 | % | 3.30 | % | ||||
| Without Affiliates | 6,402,198 | 1,525,733 | 280,709 | |||||||
| % of shares voted | 77.99 | % | 18.59 | % | 3.42 | % |
About Monroe Capital Corporation (NASDAQ:MRCC)
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Company provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company’s investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors).
