THL Credit, Inc. (NASDAQ:TCRD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into Material Definitive Agreement.
On May 28, 2020, the stockholders of THL Credit, Inc. (the Company) approved the Companys entry into a new investment management agreement (the New Investment Advisory Agreement) between the Company and First Eagle Alternative Credit, LLC, formerly known as THL Credit Advisors LLC (the Adviser), that replaces the prior interim investment management agreement entered into with the Adviser on January 31, 2020 (the Prior Investment Advisory Agreement). All material terms of the New Investment Advisory Agreement remain unchanged from the material terms of the Prior Investment Advisory Agreement. The New Investment Advisory Agreement is further described in the Companys Proxy Statement as filed with the Securities and Exchange Commission on April 23, 2020.
Upon effectiveness of the New Investment Advisory Agreement, the Prior Investment Advisory Agreement terminated immediately.
The foregoing description of the New Investment Advisory Agreement is qualified in its entirety by the terms of the New Investment Advisory Agreement, dated May 28, 2020, incorporated herein by reference to Exhibit A to the Companys Proxy Statement as filed with the Securities and Exchange Commission on April 23, 2020.
Item 1.02. Termination of a Material Definitive Agreement.
The second paragraph of Item 1.01 above is incorporated by reference into this Item 1.02.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The special meeting of stockholders of the Company was held on May 28, 2020. At the meeting, the stockholders approved the New Investment Management Agreement with 20,672,510 votes for, 364,792 votes against, 117,101 votes abstaining and 0 broker non-votes.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 | Investment Management Agreement, dated as of May 28, 2020, between THL Credit, Inc., a Delaware corporation, and First Eagle Alternative Credit, LLC, formerly known as THL Credit Advisors LLC, a Delaware limited liability company (incorporated by reference to Exhibit A to the Proxy Statement on Schedule 14A filed April 23, 2020) |