PennantPark Investment Corporation (NASDAQ:PNNT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security Holders |
On February7, 2017, PennantPark Investment Corporation (the
Company) held its annual meeting of stockholders (the Annual
Meeting) and submitted two matters to the vote of stockholders.
The proposals are described in detail in the Companys definitive
proxy statement filed with the Securities and Exchange Commission
on December8, 2016.As of November30, 2016, the record date,
71,060,836 shares of common stock were eligible to vote. A
summary of the matters voted upon by the stockholders is set
forth below.
Proposal 1. The named proxies for the Companys
stockholders approved an adjournment of the meeting to allow the
polls to remain open until 9:30 a.m. on February28, 2017 to
solicit additional votes for the proposal to elect two Class I
directors of the Company, who will each serve until the 2020
Annual Meeting and until his successor is duly elected and
qualifies. The meeting will be reconvened at the offices of
Dechert LLP, located at 1095 Avenue of the Americas, New York,
New York, on February28, 2017, at 9:30 a.m.
Proposal 2.The Companys stockholders ratified
the selection of RSM US LLP to serve as the Companys independent
registered public accounting firm for the year ending
September30, 2017.
The voting results as of February7, 2017, as certified by the
inspector of election, are set forth below:
For |
Against |
Abstain |
||||||||||
| 59,137,790 | 764,601 | 645,556 | ||||||||||
|
|
97.67 | % | 1.26 | % | 1.07 | % |
About PennantPark Investment Corporation (NASDAQ:PNNT)
PennantPark Investment Corporation is a closed-end, non-diversified investment company. The Company is a business development company. Its objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments. The Company’s debt investments may generally range in maturity from 3 to 10 years and, are made to the United States and to a limited extent, non-United States corporations, partnerships and other business entities, which operate in various industries and geographical regions. In addition, it may invest up to approximately 30% of its portfolio in non-qualifying assets. It invests in sectors, such as aerospace and defense; energy/utilities; auto sector; environmental services, and beverage, among others. PennantPark Investment Advisers, LLC is the Company’s investment advisor. PennantPark Investment Corporation (NASDAQ:PNNT) Recent Trading Information
PennantPark Investment Corporation (NASDAQ:PNNT) closed its last trading session up +0.17 at 8.45 with 609,303 shares trading hands.