Business Context and Reporting Period
This Form 8-K filing by Horizon Technology Finance Corp (HRZN) reports on a special meeting of stockholders held on February 21, 2025. The company is a Delaware corporation with principal executive offices in Farmington, CT.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Stockholders approved a proposal to enter into a new investment management agreement with Horizon Technology Finance Management LLC (the "Adviser").
- Shares Outstanding: 39,875,847 (as of record date December 26, 2024).
- Quorum: 20,428,691 shares present or represented by proxy.
- Voting Results:
- For: 18,014,786
- Against: 1,287,559
- Abstain: 1,126,346
Outlook, Management Commentary, and Contingencies
The new investment management agreement will become effective only upon the closing of the Adviser change in control transaction described in the Proxy Statement filed on December 30, 2024. Until that transaction is consummated, the existing investment management agreement remains in effect.
Investor Verification Checklist
- Verify the status and expected closing date of the Adviser change in control transaction.
- Review the definitive Proxy Statement (filed December 30, 2024) for detailed terms of the new investment management agreement.
- Confirm the impact of the new agreement on management fees and advisory services once the change in control is consummated.