Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Apollo Investment Corporation on August 11, 2020. The filing was submitted on August 12, 2020. Note: The request metadata referenced "Midcap Financial Investment Corp," but the source document explicitly identifies the registrant as Apollo Investment Corporation.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing details the outcomes of two stockholder proposals:
- Proposal 1 (Election of Directors): Stockholders elected three Class I Directors to serve three-year terms.
- Jeanette W. Loeb: 21,569,061 votes FOR; 11,591,391 WITHHELD.
- Frank C. Puleo: 21,475,000 votes FOR; 11,685,452 WITHHELD.
- Howard T. Widra: 31,885,914 votes FOR; 1,274,538 WITHHELD.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2021.
- Results: 51,474,378 votes FOR; 531,201 WITHHELD; 805,116 ABSTAIN.
As of the record date (June 12, 2020), 65,259,176 shares of common stock were eligible to vote.
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the voting results of the Annual Meeting.
Investor Verification Checklist
- Verify the identity of the registrant as Apollo Investment Corporation, not Midcap Financial Investment Corp.
- Confirm the terms of the newly elected Class I Directors (Jeanette W. Loeb, Frank C. Puleo, Howard T. Widra).
- Review the definitive proxy statement filed on June 16, 2020, for detailed background on the proposals.
- Note that PricewaterhouseCoopers LLP has been ratified as the auditor for the fiscal year ending March 31, 2021.