FS KKR Capital Corp (FS Investment Corporation) - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on August 12, 2011, reporting events occurring on June 22, 2011 (Annual Meeting) and August 9, 2011 (Dividend Declaration). The registrant is FS Investment Corporation, a Maryland corporation.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed is the declaration of cash distributions:
- Dividend Declaration: Two regular semi-monthly cash distributions of $0.033594 per share each.
- Payment Date: August 31, 2011.
- Record Dates: August 15, 2011 (first distribution) and August 30, 2011 (second distribution).
Material Changes and Corporate Actions
The filing details the results of the Annual Meeting of Stockholders held on June 22, 2011:
- Voting Participation: Of 68,703,657.65 eligible shares, 23,021,685.43 shares were voted.
- Board Election: All nine director nominees were elected. Votes were overwhelmingly in favor, with no broker non-votes.
- Accounting Firm Ratification: Stockholders approved the appointment of McGladrey & Pullen, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, specific risks, contingencies, or unusual items beyond the standard corporate governance updates and dividend declaration.
Key Facts for Investor Verification
- Verify the total dividend payout per share ($0.067188) and the specific record dates for eligibility.
- Confirm the successful ratification of McGladrey & Pullen, LLP as the auditor for the 2011 fiscal year.
- Note the low voting participation rate (approximately 33.5% of eligible shares voted) at the Annual Meeting.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration not present in the 8-K text.