Business Context and Reporting Period
This Form 8-K is a current report filed by Apollo Investment Corporation (not Midcap Financial Investment Corp) on July 22, 2019. The filing addresses a corporate governance action regarding the Company's charter.
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 a structural amendment to the Company's Articles of Incorporation.
Material Changes
- Charter Amendment: The Board of Directors approved and the State of Maryland accepted Articles of Amendment on July 22, 2019.
- Authorized Share Reduction: The number of authorized common shares was reduced from 400,000,000 to 130,000,000 shares (par value $0.001 per share).
- Context of Change: This reduction aligns the authorized share count with the Company's one-for-three reverse stock split effective November 30, 2018, which reduced outstanding shares from approximately 204 million to 68 million.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to disclose the effective date and details of the charter amendment.
Investor Verification Checklist
- Verify the exact number of authorized shares (130,000,000) versus outstanding shares (approx. 68,000,000) to assess treasury stock capacity.
- Confirm the effective date of the amendment (July 22, 2019) against the reverse split date (November 30, 2018).
- Review the full text of the Articles of Amendment filed as Exhibit 3.1 for any additional provisions not summarized in the 8-K.