Business Context and Reporting Period
This Form 8-K filing by Goldman Sachs BDC, Inc. (GSBD) reports on the results of the Annual Meeting of Stockholders held on May 14, 2021. The report was filed on May 17, 2021. The Company is a Delaware corporation with its principal executive offices in New York, New York.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
On the record date of April 1, 2021, there were 101,599,020 shares of common stock outstanding entitled to vote. Stockholders considered and approved two proposals:
- Proposal 1: Election of Class I Directors. All three nominees were elected. The voting results were as follows:
- Carlos E. Evans: 51,729,539.903 votes For; 1,940,021.097 votes Against.
- Timothy J. Leach: 51,648,334.582 votes For; 2,021,226.419 votes Against.
- Susan B. McGee: 51,189,977.546 votes For; 2,479,583.454 votes Against.
There were 23,807,604.550 broker non-votes for each director nominee.
- Proposal 2: Ratification of Independent Auditor. Stockholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
- Votes For: 76,438,678.011
- Votes Against: 485,711.189
- Abstentions: 552,776.350
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting outcomes.
Important Facts for Investors to Verify
- Verify the total number of shares outstanding and the record date (April 1, 2021) to confirm voting eligibility.
- Confirm the tenure of the newly elected Class I directors, who will serve until the 2024 annual meeting.
- Review the proxy statement filed on April 2, 2021, for detailed biographies of the elected directors and the rationale for the auditor selection.
- Note the significant number of broker non-votes (approx. 23.8 million shares) which did not count toward the "for" or "against" tally but indicate shares held in street name where instructions were not received.