FS KKR Capital Corp (FS Investment Corporation) - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on July 13, 2016, by FS Investment Corporation (referred to as FS KKR Capital Corp in metadata). The filing primarily reports on the results of a reconvened Annual Meeting of Stockholders held on July 13, 2016, and announces an upcoming conference call for second-quarter 2016 results.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are scheduled to be discussed in a conference call on August 10, 2016.
Material Changes and Corporate Actions
The most significant event reported is the approval of a Share Issuance Proposal at the Reconvened Meeting. This proposal authorizes the Company to offer and sell shares of common stock at a price below the then-current net asset value per share during the 12 months following approval, subject to board approval and certain limitations.
- Record Date: April 20, 2016
- Eligible Shares: 243,488,590
- Shares Voted: 123,055,907
- Proposal Outcome: Approved
Voting Results
| Category | Number of Votes |
|---|---|
| Votes For | 97,568,531 |
| Votes Against | 18,931,585 |
| Abstentions | 6,555,791 |
| Broker Non-Votes | 0 |
Guidance, Outlook, and Risks
Management has scheduled a conference call for August 10, 2016, to discuss second-quarter 2016 results. The filing does not contain specific forward-looking guidance, risk factors, or commentary on contingencies beyond the successful authorization of the share issuance flexibility.
Key Facts for Investor Verification
- Verify the specific limitations and pricing thresholds associated with the newly approved Share Issuance Proposal in the definitive proxy statement filed on April 29, 2016.
- Monitor the August 10, 2016, conference call for actual Q2 2016 financial performance data, as no figures are included in this filing.
- Confirm the Company's current net asset value (NAV) per share to assess the potential impact of issuing shares below NAV under the new authorization.