GLADSTONE INVESTMENT CORPORATION - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held by Gladstone Investment Corporation on August 5, 2021. The company is a Delaware corporation with securities registered on The Nasdaq Stock Market LLC, including Common Stock (GAIN), 6.375% Series E Cumulative Term Preferred Stock (GAINL), and 5.00% Notes due 2026 (GAINN).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Stockholders holding an aggregate of 21,746,827 shares of common stock and 2,469,284 shares of preferred stock were present at the meeting. The following matters were voted upon:
- Election of Directors:
- Terry L. Brubaker: Elected by common and preferred stockholders voting together. Received 10,624,650 votes For, 381,219 Withheld, and 13,210,242 Broker Non-Votes.
- Caren D. Merrick: Elected by common and preferred stockholders voting together. Received 10,479,601 votes For, 526,268 Withheld, and 13,210,242 Broker Non-Votes.
- Walter H. Wilkinson, Jr.: Elected solely by preferred stockholders. Received 886,356 votes For, 29,269 Withheld, and 1,553,659 Broker Non-Votes.
- Ratification of Independent Auditor: Stockholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2022. The vote was 23,904,652 For, 203,665 Against, and 107,794 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verification of the successful election of the three named directors to serve until the 2024 Annual Meeting.
- Confirmation that PricewaterhouseCoopers LLP is the appointed auditor for the fiscal year ending March 31, 2022.
- Review of the significant number of Broker Non-Votes (13,210,242) regarding the election of common/preferred directors, indicating shares held by brokers that were not voted on these specific matters.