Carlyle Secured Lending, Inc. current report, 22 June 2020

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Business Context and Reporting Period

This Form 8-K filing by TCG BDC, Inc. (trading symbol: CGBD) reports on the results of its 2020 Annual Meeting of Stockholders held on June 22, 2020. The filing covers the submission of matters to a vote of security holders, specifically the election of directors and the ratification of the independent auditor.

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 results rather than financial performance data.

Material Changes and Voting Results

As of the record date of April 28, 2020, there were 56,307,951 shares of common stock outstanding. A total of 40,881,143 shares were present or represented at the meeting, constituting a quorum. Both proposals submitted were approved by the requisite vote:

  • Proposal 1 (Election of Director): Linda Pace was elected to serve a three-year term. She received 17,783,748 votes "For," 1,189,919 votes "Withheld," and there were 21,907,476 Broker Non-Votes.
  • Proposal 2 (Ratification of Auditor): The selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2020, was ratified. The vote count was 40,214,055 "For," 515,735 "Against," and 151,353 "Abstain," with 0 Broker Non-Votes.

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 disclosure of voting outcomes.

Important Facts for Investors to Verify

  • Confirmation that Linda Pace's term begins immediately and extends until the 2023 Annual Meeting.
  • Verification that Ernst & Young LLP is officially engaged for the fiscal year ending December 31, 2020.
  • Review of the high number of Broker Non-Votes (21,907,476) on the director election to understand voting power distribution.
  • Comparison of these voting results with prior years' annual meeting outcomes for trend analysis.