Prospect Capital Corporation (NASDAQ:PSEC) 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.
Prospect Capital Corporation (NASDAQ:PSEC) Files An 8-K Submission of Matters to a Vote of Security Holders
At 3:30 p.m. (Eastern Time) on December 3, 2019, Prospect Capital Corporation (the “Company”) held its Annual Meeting of Stockholders at the Company’s offices at 10 East 40th>Street, 42nd>Floor, New York, New York 10016 (the “Annual Meeting”). At the Annual Meeting, the Company’s common stockholders voted on one proposal, which was approved. The proposal is described in detail in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission (the “SEC”) on September 9, 2019. As of September 9, 2019, the record date, 367,287,523 shares of common stock were eligible to vote, which included 65,409,283 shares owned by affiliates. The final voting results from the Annual Meeting were as follows:
Proposal 1. The Company’s stockholders elected two directors of the Company. Each of John F. Barry III and Eugene S. Stark serve as a Class III director until the annual meeting of stockholders of the Company in 2022 and until his successor is duly elected and qualifies or until his earlier resignation, removal from office, death or incapacity. The directors were re-elected to the voting results set forth below:
About Prospect Capital Corporation (NASDAQ:PSEC)
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The Company invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Company is managed by its investment advisor, Prospect Capital Management L.P.
