Business Context and Reporting Period
This Form 8-K filing by TCG BDC, Inc. (not Carlyle Secured Lending, Inc.) reports on the 2019 Annual Meeting of Stockholders held on May 22, 2019. The company is incorporated in Maryland and operates as a business development company.
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 and Voting Results
As of the record date (March 20, 2019), there were 61,445,715 shares of common stock outstanding. A quorum was established with 44,323,528 shares present or represented. Two proposals were submitted and approved:
- Proposal 1 (Director Election):
- Leslie E. Bradford: 16,853,172 votes For; 7,725,357 votes Withheld; 19,744,999 Broker Non-Votes.
- John G. Nestor: 14,170,413 votes For; 10,408,116 votes Withheld; 19,744,999 Broker Non-Votes.
- Proposal 2 (Auditor Ratification): Ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
- For: 43,819,169
- Against: 358,230
- Abstain: 146,129
- Broker Non-Votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the correct registrant name is TCG BDC, Inc., not Carlyle Secured Lending, Inc.
- Confirm the three-year term for newly elected directors Leslie E. Bradford and John G. Nestor.
- Note the high number of broker non-votes (19,744,999) on the director election proposals.
- Review the full 2019 Annual Report (10-K) for financial performance data not included in this 8-K.