Pennantpark Floating Rate Capital Ltd. current report, 04 February 2020

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Business Context and Reporting Period

This Form 8-K filing by PennantPark Floating Rate Capital Ltd. (PFLT) reports on the results of the Annual Meeting of Stockholders held on February 4, 2020. The filing details the voting outcomes for two specific proposals submitted to shareholders.

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 voting results rather than financial performance.

Material Changes and Voting Results

As of the record date of November 20, 2019, 38,772,074 shares of common stock were eligible to vote. The voting results for the two proposals were as follows:

  • Proposal 1: Election of Class III Director
    • Arthur H. Penn was elected to serve until the 2023 Annual Meeting.
    • For: 9,009,384 shares (61.45% of shares voted).
    • Withheld: 5,651,982 shares (38.55% of shares voted).
    • Broker Non-Votes: 18,218,312 shares.
  • Proposal 2: Ratification of Independent Auditor
    • Stockholders ratified the selection of RSM US LLP as the independent registered public accounting firm for the year ending September 30, 2020.
    • For: 32,332,103 shares (98.33% of shares voted).
    • Against: 301,355 shares (0.92% of shares voted).
    • Abstain: 246,220 shares (0.75% of shares voted).

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 certification of voting results.

Key Facts for Investor Verification

  • Arthur H. Penn received a majority of votes cast (61.45%) but faced significant withheld votes (38.55%) and a large number of broker non-votes.
  • The ratification of RSM US LLP as the independent auditor passed with overwhelming support (98.33%).
  • The total number of shares eligible to vote was 38,772,074 as of the November 20, 2019 record date.
  • This filing does not contain financial performance data; investors should refer to the Company's 10-K or 10-Q filings for financial metrics.