FS KKR Capital Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (now FS KKR Capital Corp) on March 3, 2014. The filing references operating results for the fiscal quarter and year ended December 31, 2013, detailed in a press release issued on March 5, 2014.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained in the attached press release (Exhibit 99.1) which is incorporated by reference but not included in the provided text.
Material Changes and Corporate Actions
- Distribution Reinvestment Plan (DRP) Price Adjustment: Effective March 3, 2014, the Company increased the DRP share issuance price from $10.25 to $10.30 per share.
- Rationale: The increase was implemented to ensure the issuance price did not fall below the Net Asset Value (NAV) per share, adhering to the Board's policy that the price must be at least the NAV and no more than 2.5% above it.
Guidance, Outlook, and Events
The Company announced an annual stockholder conference call scheduled for Wednesday, March 12, 2014, at 10:00 a.m. Eastern Time to discuss the fiscal year 2013 results. No specific forward-looking guidance or risk factors are detailed within the body of this 8-K filing.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) for specific financial results for the quarter and year ended December 31, 2013.
- Verify the Net Asset Value (NAV) per share as of the distribution date to confirm the DRP price adjustment logic.
- Listen to the March 12, 2014, conference call for management commentary on the 2013 performance and 2014 outlook.