Stellus Capital shareholders re-elect Bruce R. Bilger as director; approve share issuance below NAV

Stellus Capital Investment Corp

Annual meeting held June 22, 2023; 11,473,492 shares voted out of 20,835,746 eligible.
Bruce R. Bilger re-elected as director with 10,030,279 votes for, 1,443,213 withheld.
Proposal to authorize issuance of up to 25% of outstanding common stock below NAV approved: 9,344,620 for, 1,826,788 against, 302,076 abstentions.
Shareholders excluding affiliates voted 8,226,083 for the below-NAV issuance, 1,826,788 against, 302,076 abstentions.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Stellus Capital Investment Corp shareholders approved Election of Directors at the 2023-06-22 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-22

Exact text from the filing

The Company’s shareholders elected Bruce R. Bilger as director to serve for a three year term, or until his successor is duly elected and qualified. The following votes were taken in connection with this proposal: Nominee Total Votes For Total Votes Withheld Bruce R. Bilger 10,030,279 1,443,213

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Stellus Capital Investment Corp shareholders approved Issuance of Shares Below Net Asset Value at the 2023-06-22 meeting.

Outcome: passed
Meeting: 2023-06-22

Exact text from the filing

The proposal to authorize the Company, with the approval of the Board, to sell or otherwise issue up to 25% of the Company’s outstanding common stock at an offering price that is below the Company’s then current NAV per share was approved. The following votes were taken in connection with this proposal: Votes For Votes Against Abstentions All Shareholders 9,344,620 1,826,788 302,076

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Stellus Capital Investment Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-073829

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