THL Credit, Inc. (NASDAQ:TCRD) 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. |
THL Credit, Inc. (the Company) held its annual meeting of
stockholders (the Annual Meeting) on June6, 2017. There were
present at the Annual Meeting in person or by proxy stockholders
holding an aggregate of 17,158,189 shares of the Companys common
stock, out of a total number of 32,925,671 shares of the Companys
common stock issued and outstanding and entitled to vote at the
Annual Meeting. Following are descriptions of the matters voted
on at the Annual Meeting and the final results of such voting:
Proposal 1 Election of Directors
The following individuals, constituting all of the nominees named
in the Companys Proxy Statement, were elected as directors to
serve until the 2018 annual meeting of stockholders or until
their successors are duly elected and qualified. The following
votes were taken in connection with this proposal:
|
Director |
For | Withheld | ||||||
|
David K. Downes |
16,196,075 | 962,114 | ||||||
|
Christopher J. Flynn |
16,383,454 | 774,735 | ||||||
|
Edmund P. Giambastiani, Jr. |
15,739,513 | 1,418,676 | ||||||
|
Nancy Hawthorne |
15,737,701 | 1,420,488 | ||||||
|
James D. Kern |
16,199,484 | 958,705 | ||||||
|
Deborah McAneny |
15,728,337 | 1,429,852 | ||||||
|
Sam W. Tillinghast |
16,371,839 | 786,350 |
Proposal 2 Approval to Sell Shares Below Net Asset
Value
A proposal to authorize the Company to sell or otherwise issue up
to 25% of the Companys outstanding common stock at a price below
the Companys then current net asset value per share was approved.
The following votes were taken in connection with this proposal:
Vote With Affiliate Shares
|
For |
Against |
Abstain |
||
|
13,667,221 |
3,347,915 | 143,053 |
Vote Without Affiliate Shares
|
For |
Against |
Abstain |
||
|
11,533,104 |
3,347,915 | 143,053 |
Proposal 3 Approval to Issue Debt with Warrants or
Convertible Debt
A proposal to authorize the Company to offer and issue debt with
warrants or debt convertible into shares of its common stock at
an exercise or conversion price that, at the time such warrants
or convertible debt are issued, will not be less than the market
value per share but may be below the Companys then current net
asset value in one or more offerings was approved. The following
votes were taken in connection with this proposal:
|
For |
Against |
Abstain |
||
|
14,030,505 |
2,914,292 | 213,392 |
About THL Credit, Inc. (NASDAQ:TCRD)
THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. The Company is a direct lender to middle-market companies and invests in first lien and second lien loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component, such as warrants, preferred stock or similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV). Its subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc.
