CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by CION Investment Corporation on May 23, 2019. The record date for the meeting was April 1, 2019. The filing was submitted on May 24, 2019.
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 matters and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on two primary proposals. Of the 113,401,873 shares eligible to vote, 39,531,258 shares were voted in person or by proxy.
- Proposal No. 1 (Election of Directors): Two director nominees were elected to serve until the 2022 annual meeting.
- Proposal No. 2 (Ratification of Auditors): Shareholders approved the selection of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
Director Voting Breakdown
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Peter I. Finlay | 17,530,755 | 837,094 | 21,163,409 |
| Earl V. Hedin | 17,523,794 | 844,055 | 21,163,409 |
Auditor Ratification Breakdown
| Category | Count |
|---|---|
| Votes For | 38,575,548 |
| Votes Against | 260,175 |
| Abstentions | 695,535 |
| Broker Non-Votes | 0 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that Peter I. Finlay and Earl V. Hedin were successfully elected to the Board of Directors.
- Verification that RSM US LLP was ratified as the independent auditor for the 2019 fiscal year.
- Review of the high number of broker non-votes (over 21 million) regarding the director election, indicating shares held by brokers where voting instructions were not received.
- Confirmation of the total share count eligible to vote (113,401,873) versus the actual participation rate.