NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07. Submission of Matters to a Vote of Security Holders.
SPECIAL MEETING: The Special Meeting of Shareholders (the “Special Meeting”) of Newtek Business Services Corp. (the “Company”) was held on July 26, 2017 and was adjourned to permit the further solicitation of proxies. The Special Meeting was reconvened on August 11, 2017. The proposal considered at the Special Meeting is described in detail in the Registrant’s definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on June 19, 2017 (the “Special Meeting Proxy”). At the Special Meeting, the Registrant’s shareholders approved the proposal described in the Special Meeting Proxy. A total of 17,432,330 outstanding shares were entitled to vote at the meeting. The tabulation of votes was:
Proposal: To authorize the Company to sell shares of its common stock, par value $0.02 per share, at a price below the then current net asset value per share of such common stock in one or multiple offerings, subject to certain limitations described in the proxy statement pertaining thereto (including that the number of shares sold on any given date does not exceed 20% of its outstanding common stock immediately prior to such sale):
ALL VOTES:
|
Votes For |
Votes Against |
Abstentions |
|
8,237,460 |
1,323,322 |
200,561 |
VOTES BY NON-AFFILIATED PERSONS:
|
Votes For |
Votes Against |
Abstentions |
|
6,913,900 |
1,323,322 |
200,561 |
The information in this report, including all exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement to the Securities Act of 1933, as amended.
About NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT)
Newtek Business Services Corp. is a non-diversified closed-end management investment company. The Company is engaged in non-bank lending providing a range of business services and financial products under the Newtek brand to the small- and medium-sized business (SMB) market. Its products and services consist of Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), e-commerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll Solutions. The Company offers services along with its controlled portfolio companies. The Company’s portfolio consists of guaranteed and unguaranteed non-affiliate loan investments that are through its small business finance platform.