Business Context and Reporting Period
This Form 8-K filing by FS Investment Corporation (also referenced as FS KKR Capital Corp) reports on events occurring on June 23, 2014. The filing details the outcomes of the Company's Annual Meeting of Stockholders and the adjournment of a Special Meeting of Stockholders held on the same date.
Key Financial Metrics
This filing is a current report regarding corporate governance and stockholder voting matters. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes and Voting Results
Annual Meeting Outcomes
As of the record date (April 30, 2014), 262,282,173 shares were eligible to vote. Of these, 211,388,768 shares were voted in person or by proxy.
- Proposal No. 1 (Election of Directors): All three Class A director nominees were elected.
- Proposal No. 2 (Ratification of Auditors): Stockholders approved the appointment of McGladrey LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2014.
Special Meeting Status
The Special Meeting, originally held on June 23, 2014, was adjourned to allow additional time to solicit stockholder votes. The reconvened meeting is scheduled for July 17, 2014. The record date remains April 15, 2014, and previously submitted proxies remain valid unless revoked.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, or specific risk factors. The primary contingency noted is the pending outcome of the Special Meeting proposals, which have been deferred to July 17, 2014.
Investor Verification Checklist
- Verify the final voting results for the Special Meeting proposals once the reconvened meeting concludes on July 17, 2014.
- Review the definitive proxy statement filed on May 20, 2014, for details on the specific proposals adjourned from the Special Meeting.
- Confirm the continued validity of existing proxies for the reconvened Special Meeting.