Business Context and Reporting Period
This Form 8-K reports on the reconvened 2017 annual meeting of stockholders held by Fifth Street Finance Corp. on April 27, 2017. The filing discloses the voting results for director elections and the ratification of the independent public accounting firm. Note: The request metadata references "Oaktree Specialty Lending Corp," but the source text explicitly identifies the registrant as Fifth Street Finance Corp.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
As of the record date (February 9, 2017), 140,960,651 shares of common stock were outstanding and entitled to vote. The following proposals were approved:
- Proposal 1 (Director Election): Stockholders elected Brian S. Dunn and Byron J. Haney to the Board of Directors for terms ending at the 2020 annual meeting.
- Brian S. Dunn: 57,690,180 votes For; 6,633,924 votes Withheld; 56,543,504 Broker Non-Votes.
- Byron J. Haney: 57,749,763 votes For; 6,574,341 votes Withheld; 56,543,504 Broker Non-Votes.
- Proposal 2 (Auditor Ratification): Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent public accounting firm for the fiscal year ending September 30, 2017.
- Votes For: 114,091,065
- Votes Against: 5,422,216
- Abstain: 1,354,327
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting results pursuant to Item 5.07.
Investor Verification Checklist
- Verify the registrant name is Fifth Street Finance Corp., not Oaktree Specialty Lending Corp.
- Confirm the terms of the newly elected directors (Brian S. Dunn and Byron J. Haney) extend to the 2020 annual meeting.
- Review the Definitive Proxy Statement on Schedule 14A (filed February 21, 2017) for detailed background on the nominees and auditor appointment.
- Note the significant number of broker non-votes (56,543,504) on the director election proposals.