TCP CAPITAL CORP. (NASDAQ:TCPC) 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.
(TCPC) held its 2017 Annual Meeting of Stockholders at DoubleTree
Suites, 1707 Fourth Street, Santa Monica, California 90401-3310
(the Meeting). At the Meeting, TCPCs common stockholders voted on
two proposals, both of which were approved. The proposals are
described in detail in TCPCs definitive proxy statement for the
Meeting as filed with the Securities and Exchange Commission (the
SEC) on March 27, 2017. As of March 27, 2017, the record date,
TCPC had 53,041,900 shares of common stock outstanding, which
included 381,586 shares owned by affiliates. The final voting
results from the Meeting were as follows:
Board of Directors of TCPC. Each of Kathleen A. Corbet, Eric J.
Draut, M. Freddie Reiss, Peter E. Schwab, Brian F. Wruble, Howard
M. Levkowitz, and Rajneesh Vig will serve until the 2018 Annual
Meeting and until his successor is duly elected and qualifies or
until his earlier resignation, removal from office, death or
incapacity. The seven directors were re-elected to the voting
results set forth below:
|
Name
|
For
|
Withheld
|
Broker Non-Votes
|
|||
|
Kathleen A. Corbet
|
32,186,628.754
|
492,844
|
||||
|
Eric J. Draut
|
29,507,226.754
|
3,172,246
|
||||
|
M. Freddie Reiss
|
32,168,162.754
|
511,310
|
||||
|
Peter E. Schwab
|
32,164,911.754
|
514,561
|
||||
|
Brian F. Wruble
|
32,162,028.754
|
517,444
|
||||
|
Howard M. Levkowitz
|
32,127,098.754
|
552,374
|
||||
|
Rajneesh Vig
|
32,163,323.754
|
516,149
|
TCPC, with the approval of its Board of Directors, to sell or
otherwise issue shares of its common stock (during the next 12
months) at a price or prices below TCPCs then current net asset
value per share in one or more offerings subject to certain
limitations described in detail in TCPCs definitive proxy
statement as filed with the SEC on March 27, 2017 (including,
without limitation, that the number of shares sold on any given
date does not exceed 25% of TCPCs then outstanding common stock
immediately prior to such sale). The vote on the proposal,
adjusted for 381,586 affiliated shares that voted on the
proposal, was as follows:
|
For
|
Against
|
Abstained
|
Broker Non-Votes
|
|||
|
26,369,481.754
|
5,556,850
|
353,184
|
18,371
|
About TCP CAPITAL CORP. (NASDAQ:TCPC)
TCP Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests in debt securities of middle-market companies. The Company holds interests in Special Value Continuation Partners, LP. The Company receives contractual interest payments on debt investments and originations, and equity appreciation through options, warrants, conversion rights or direct equity investments. The Company has various types of investment assets, such as equity, senior secured debt, and mezzanine/junior. Its portfolio includes its investments in various industries, such as software publishing; computer systems design and related services; business support services; insurance carriers; radio and television broadcasting; air transportation, and hospitals. Its investment advisor is Tennenbaum Capital Partners, LLC. TCP CAPITAL CORP. (NASDAQ:TCPC) Recent Trading Information
TCP CAPITAL CORP. (NASDAQ:TCPC) closed its last trading session down -0.02 at 17.02 with 134,257 shares trading hands.