PennantPark Investment Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the reconvened annual meeting of stockholders held by PennantPark Investment Corporation on February 28, 2017. The filing details the results of a shareholder vote regarding the election of directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes
The primary event reported is the successful election of two Class I directors. As of the record date of November 30, 2016, 71,060,836 shares of common stock were eligible to vote.
Voting Results and Governance
Stockholders voted on Proposal 1 to elect Class I directors, who will serve until the 2020 Annual Meeting. The certified results are as follows:
| Director Name | For Votes | Withheld Votes | Broker Non-Votes | % For (of Shares Voted) |
|---|---|---|---|---|
| Marshall Brozost | 36,055,544 | 3,605,359 | 31,399,933 | 90.91% |
| Samuel L. Katz | 37,775,111 | 1,885,792 | 31,399,933 | 95.25% |
Outlook and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investors
- Two Class I directors, Marshall Brozost and Samuel L. Katz, were elected to the board.
- Both directors received strong support, with over 90% of voted shares cast in favor.
- A significant number of shares (31,399,933) were recorded as broker non-votes for both candidates.
- The directors elected will serve until the 2020 Annual Meeting.