Business Context and Reporting Period
This Form 8-K was filed by TICC Capital Corp. (not Oxford Square Capital Corp.) on April 21, 2015, reporting an event that occurred on April 20, 2015. The filing concerns a corporate governance amendment regarding the election of directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding bylaw amendments and does not contain financial statements or performance metrics.
Material Changes
The Board of Directors amended and restated the Company's Bylaws effective April 20, 2015. The material change involves the voting standard required to elect directors:
- Previous Requirement: Affirmative vote of the holders of a majority of the shares outstanding and entitled to vote.
- New Requirement: A plurality of all votes cast at a duly called meeting where a quorum is present.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The document strictly addresses the procedural change to the Bylaws.
Key Facts for Investor Verification
- Verify the exact name of the registrant is TICC Capital Corp., not Oxford Square Capital Corp.
- Confirm the effective date of the bylaw amendment is April 20, 2015.
- Review the attached Exhibit 3.1 (Second Amended and Restated Bylaws) for the complete legal text of the voting change.
- Note that this filing does not impact the company's financial position or operating results.