Business Context and Reporting Period
This Form 8-K is a current report filed by FS Investment Corporation (FSIC) on January 25, 2013. The filing primarily addresses the declaration of a regular monthly cash distribution and the appointment of new corporate officers.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed is:
- Monthly Cash Distribution: $0.0675 per share.
- Payment Date: January 31, 2013.
- Record Date: January 30, 2013.
- Distribution Reinvestment Plan (DRP) Price: Increased from $10.00 to $10.05 per share, effective February 1, 2013.
Material Changes
The filing reports the following material changes and events:
- Officer Appointments: On January 25, 2013, Zachary Klehr was appointed Executive Vice President. Stephen S. Sypherd was appointed Vice President, Treasurer, and Secretary, replacing Ryan D. Conley.
- Investment Committee Change: Zachary Klehr replaced Ryan D. Conley as a member of the FB Income Advisor investment committee.
- DRP Price Adjustment: The price for shares issued under the distribution reinvestment plan was increased by $0.05 per share.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The Board retains discretion over future distributions, and there is no assurance regarding the amount or timing of future payments. Tax attributes of distributions are determined annually; quarterly estimates may not reflect full-year tax characteristics.
Risks and Contingencies: The filing includes a standard forward-looking statements disclaimer, noting that actual results may differ materially from projections due to inherent uncertainties. The company undertakes no obligation to update these statements.
Key Facts for Investor Verification
- Verify the record date of January 30, 2013, to confirm eligibility for the $0.0675 per share distribution.
- Confirm the new DRP issuance price of $10.05 per share for any reinvestment plans effective February 1, 2013.
- Review the biographical backgrounds of new officers Zachary Klehr and Stephen S. Sypherd for potential conflicts of interest or strategic shifts.
- Note that specific revenue, earnings, or balance sheet data are not included in this filing; refer to the most recent 10-Q or 10-K for those metrics.