FS KKR Capital Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by FS KKR Capital Corp. on October 27, 2021. The record date for the meeting was August 31, 2021, with 285,129,993 shares eligible to vote. Of these, 129,158,536 shares were voted in person or by proxy.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics, as this report focuses on corporate governance events rather than financial performance.
Material Changes and Voting Results
Stockholders voted on two primary proposals:
- Proposal No. 1 (Director Election): All four Class B director nominees were elected for three-year terms expiring in 2024. The nominees and their vote counts are as follows:
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Todd C. Builione | 114,857,895 | 14,300,641 | 0 |
| Brian R. Ford | 114,178,742 | 14,979,794 | 0 |
| Richard I. Goldstein | 114,649,166 | 14,509,370 | 0 |
| Osagie Imasogie | 114,359,908 | 14,798,628 | 0 |
- Proposal No. 2 (Share Issuance): This proposal sought approval to allow future share sales below net asset value (NAV) to provide flexibility. The proposal was not approved at the initial meeting, and the meeting was adjourned to solicit additional votes.
Outlook and Contingencies
A Reconvened Meeting is scheduled for December 10, 2021, at 11:30 a.m. Eastern Time, to vote on the Share Issuance Proposal. The record date remains August 31, 2021, and valid proxies from the original meeting remain valid unless revoked. No other risks, guidance, or unusual items were disclosed in this filing.
Key Facts for Investors to Verify
- Confirmation of the outcome of the Share Issuance Proposal at the December 10, 2021, Reconvened Meeting.
- The impact of the new board composition on future strategic decisions.
- Whether the company will pursue future capital raises below NAV pending the outcome of the reconvened vote.