SOLAR CAPITAL LTD. (NASDAQ:SLRC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders |
Solar Capital Ltd. (the Company) held
its Annual Meeting of Stockholders (the
Meeting) on May17, 2017 and submitted
two matters to the vote of the stockholders.A summary of the
matters voted upon by shareholders is set forth below.
1. Stockholders elected two nominees for directors, who will each
serve for a three-year term to expire at the 2020 Annual Meeting
of Stockholders based on the following votes:
|
Name |
Votes For | VotesWithheld | BrokerNon-Votes | |||||||||
|
Bruce Spohler |
29,154,618 | 628,442 | ||||||||||
|
Steven Hochberg |
28,762,946 | 1,020,114 |
2. Stockholders approved a proposal to authorize the Company to
sell shares of its common stock at a price or prices below the
Companys then current net asset value per share in one or more
offerings, in each case subject to the approval of its Board of
Directors and compliance with the conditions set forth in the
proxy statement pertaining thereto (including, without
limitation, that the number of shares issued does not exceed 25%
of the Companys then outstanding common stock immediately prior
to each such offering) based on the following votes:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||
|
With Affiliates |
22,323,134 | 7,283,868 | 176,058 | |||||||||||||
|
% of Voted |
74.95 | % | 24.46 | % | 0.59 | % | ||||||||||
|
% of Outstanding |
52.84 | % | 17.24 | % | 0.42 | % | ||||||||||
|
Without Affiliates |
13,936,283 | 2,670,279 | 176,058 | |||||||||||||
|
% of Voted |
83.04 | % | 15.91 | % | 1.05 | % | ||||||||||
|
% of Outstanding |
47.65 | % | 9.13 | % | 0.60 | % |
For purposes of this proposal, the affirmative vote of (1)a
majority of the outstanding shares of common stock entitled to
vote at the Meeting; and (2)a majority of the outstanding shares
of common stock entitled to vote at the Meeting that are not held
by affiliated persons of the Company was required to approve this
proposal. For purposes of this proposal, the Investment Company
Act of 1940, as amended, defines a majority of the outstanding
shares as: (1) 67% or more of the voting securities present at
the Meeting if the holders of more than 50% of the outstanding
voting securities of such company are present or represented by
proxy; or (2)more than 50% of the outstanding voting securities
of the Company, whichever is the less.
About SOLAR CAPITAL LTD. (NASDAQ:SLRC)
Solar Capital Ltd. is a management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in the United States middle market companies. It invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities. The Company is focused primarily on the direct origination of investments through portfolio companies or financial sponsors. Its investments range from $5 million to $100 million. It is managed by Solar Capital Partners, LLC (Solar Capital Partners). It invests in a portfolio of industries, such as aerospace and defense, air freight and logistics, automobiles, asset management and custody banks, building products, chemicals, commercial services and supplies, communications equipment, construction and engineering, consumer finance, containers and packaging, distributors and diversified consumer services. SOLAR CAPITAL LTD. (NASDAQ:SLRC) Recent Trading Information
SOLAR CAPITAL LTD. (NASDAQ:SLRC) closed its last trading session down -0.06 at 21.50 with 73,060 shares trading hands.