SLR Investment Corp. shareholders elect Wachter director; below-NAV share sale proposal fails

SLR Investment Corp.

David S. Wachter elected director with 25,410,186 votes for, 8,967,039 withheld.
Proposal to authorize stock sales below net asset value failed: 40.02% of outstanding votes for, 21.43% against.
Non-affiliated vote for the proposal was 38.48% of outstanding, below required majority.
The company cannot sell shares below NAV without further shareholder approval.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

SLR Investment Corp. shareholders approved Election of director for a three-year term expiring at 2025 Annual Meeting of Stockholders at the 2022-10-26 meeting.

Proposal: director election
Outcome: passed
Meeting: 2022-10-26

Exact text from the filing

Stockholders elected one director, who will serve for a three-year term to expire at the 2025 Annual Meeting of Stockholders. The following votes were taken on this proposal: Name Votes For Votes Withheld Broker Non-Votes David S. Wachter 25,410,186 8,967,039 —

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

SLR Investment Corp. shareholders rejected Proposal to authorize the Company to sell shares of its common stock at a price or prices below the Company’s then current net asset value per share in one or more offerings at the 2022-10-26 meeting.

Outcome: failed
Meeting: 2022-10-26

Exact text from the filing

Stockholders did not approve a proposal to authorize the Company to sell shares of its common stock at a price or prices below the Company’s then current net asset value per share in one or more offerings, in each case, subject to the approval of its Board of Directors and compliance with the conditions set forth in the proxy statement

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SLR Investment Corp. filing history →

Source: SEC EDGAR

accession 0001193125-22-270956

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