---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066063"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:39:27.818933+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ready Capital shareholders approve stock issuance for Broadmark merger; closing expected May 31

## Summary
- Stockholders approved issuance of RC common for merger with Broadmark; 57.8M votes for, 1.97M against, 589k abstain.
- Each Broadmark share will convert into 0.47233 shares of RC common, with cash for fractional shares.
- Merger expected to close on May 31, 2023, subject to customary conditions; Broadmark stockholders also approved.
- 61.2M shares represented at special meeting, constituting a quorum (111.7M outstanding).

## SEC filing metadata
- accession: 0001104659-23-066063
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/0001104659-23-066063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/tm2317241d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066063
- JSON: https://secwatch.observer/filing/0001104659-23-066063.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066063.txt

## Key facts
- Shareholder Votes
  Ready Capital Corp shareholders approved Proposal to approve the issuance of shares of Ready Capital Common Stock in the merger as contemplated by the Agreement and Plan of Merger at the 2023-05-30 meeting.
  - Proposal: merger approval
  - Outcome: passed
  - Meeting: 2023-05-30
  source text: Proposal 1. Proposal to approve the issuance of shares of Ready Capital Common Stock in the merger as contemplated by the Agreement and Plan of Merger, dated as of February 26, 2023 (the “Merger Agreement”), by and among Ready Capital, RCC Merger Sub, LLC, a Delaware limited liability company, and Broadmark Realty Capital Inc. (“Broadmark”) (the “Ready Capital Common Stock Issuance Proposal”). The Ready Capital Common Stock Issuance Proposal was approved as follows: For Against Abstain Broker Non-Votes 57,784,253 1,974,703 589,241 829,956
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/0001104659-23-066063-index.htm
- Shareholder Votes
  Ready Capital Corp shareholders approved Proposal to approve the adjournment of the Ready Capital Special Meeting, if necessary or appropriate, for the purpose of soliciting additional votes for the approval of the Ready Capital Common Stock Issuance Proposal at the 2023-05-30 meeting.
  - Outcome: passed
  - Meeting: 2023-05-30
  source text: Proposal 2. Proposal to approve the adjournment of the Ready Capital Special Meeting, if necessary or appropriate, for the purpose of soliciting additional votes for the approval of the Ready Capital Common Stock Issuance Proposal. The proposal to approve the adjournment of the Ready Capital Special Meeting, if necessary or appropriate for the purpose of soliciting additional proxies if there were not sufficient votes for the approval of the Ready Capital Common Stock Issuance Proposal, was approved as follows: For Against Abstain 56,281,548 4,164,889 731,716
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/0001104659-23-066063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.