Business Context and Reporting Period
This Form 8-K filing by FS Investment Corporation (referred to in metadata as FS KKR Capital Corp) reports on events occurring on July 12, 2017. The filing details the status of the Company's Annual Meeting of Stockholders, specifically regarding the "Share Issuance Proposal."
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 and stockholder voting procedures rather than financial performance.
Material Changes and Events
- Meeting Adjournment: The Company adjourned its Reconvened Meeting held on July 12, 2017, regarding the Share Issuance Proposal to allow additional time to solicit stockholder votes.
- Share Issuance Proposal: The proposal seeks authorization for the Company to offer and sell common stock at a price below the then-current net asset value per share during the 12 months following approval, subject to limitations.
- Shareholder Eligibility: As of the April 20, 2017 record date, 245,153,010 shares of common stock were eligible to be voted.
Outlook and Future Actions
- Second Reconvened Meeting: A Second Reconvened Meeting is scheduled for July 27, 2017, at 10:30 a.m. Eastern Time at the Company's principal executive offices in Philadelphia, Pennsylvania.
- Proxy Validity: Valid proxies submitted prior to the July 12 Reconvened Meeting remain valid for the Second Reconvened Meeting unless changed or revoked.
- Record Date: The record date of April 20, 2017, remains in effect for the upcoming meeting.
Investor Verification Checklist
- Verify the outcome of the Share Issuance Proposal at the Second Reconvened Meeting on July 27, 2017.
- Review the definitive proxy statement filed on April 28, 2017, for specific limitations on the proposed share issuance below net asset value.
- Confirm the final vote count and whether the proposal was approved or rejected.