Business Context and Reporting Period
This Form 8-K was filed by Gladstone Investment Corporation on January 11, 2017. The report addresses a corporate governance action involving the amendment of the Company's Articles of Incorporation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a specific corporate event and does not contain financial performance data.
Material Changes
- Elimination of Preferred Stock: On January 11, 2017, the Company executed and filed a Certificate of Elimination for its 7.125% Series A Cumulative Term Preferred Stock (par value $0.001 per share).
- Amendment to Charter: This action removed the Certificate of Designation for the Series A Term Preferred Stock from the Company's Amended and Restated Certificate of Incorporation.
- Effective Date: The Certificate of Elimination became effective immediately upon filing with the Secretary of State of Delaware.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the notification of the stock elimination and the filing of the associated exhibit.
Investor Verification Checklist
- Verify the effective date of the Series A Term Preferred Stock elimination (January 11, 2017).
- Confirm the removal of the Series A Certificate of Designation from the Delaware corporate charter.
- Review the attached Exhibit 3.1 (Certificate of Elimination) for specific legal terms regarding the retired shares.