FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (also referenced as FS KKR Capital Corp in metadata) on August 7, 2013. The report covers corporate governance changes and the declaration of a regular monthly cash distribution.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declaration of a regular monthly cash distribution of $0.06975 per share.
Material Changes
- Distribution Declaration: The Board declared a monthly cash distribution of $0.06975 per share, payable on August 30, 2013, to stockholders of record on August 29, 2013.
- Governance Change: The Independent Directors established a Lead Independent Director position and appointed Michael J. Hagan to the role, effective October 1, 2013.
Guidance, Outlook, and Risks
The filing states that future distributions are subject to the discretion of the Board and applicable legal restrictions, with no assurance regarding the amount or timing of future payments. Regarding tax attributes, the filing notes that quarterly determinations may not represent actual full-year tax characteristics, which will be reported annually on Form 1099-DIV. The filing does not contain specific forward-looking guidance on revenue or earnings.
Investor Verification Checklist
- Verify the record date (August 29, 2013) and payment date (August 30, 2013) for the $0.06975 per share distribution.
- Confirm the effective date of Michael J. Hagan's appointment as Lead Independent Director (October 1, 2013).
- Review the upcoming annual Form 1099-DIV for the actual tax characterization of distributions, as quarterly estimates may differ.
- Note that the filing does not contain operational results or balance sheet data for the period.