---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-173861"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:42:04.631237+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital annual meeting elects directors, approves executive compensation, adjourns share issuance vote

## Summary
- Directors Robert P. Badavas and Pam Randhawa elected as Class I independent directors for terms ending 2026.
- Advisory vote on named executive officer compensation approved (56.8M for, 5.8M against).
- Advisory vote on frequency of say-on-pay selected 1 year (59.1M votes for 1 year).
- Proposal to authorize stock sales below NAV adjourned to July 20, 2023; other proposals voted on.
- Ratification of PwC as independent auditor for FY2023 approved (104.9M for).

## SEC filing metadata
- accession: 0001193125-23-173861
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/0001193125-23-173861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/d511484d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-173861
- JSON: https://secwatch.observer/filing/0001193125-23-173861.json
- Plain text: https://secwatch.observer/filing/0001193125-23-173861.txt

## Key facts
- Shareholder Votes
  Hercules Capital, Inc. shareholders approved Advisory vote on the frequency of the advisory vote on executive compensation at the 2023-06-22 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-06-22
  source text: 1 Year 2 Years 3 Years Abstain Proposal 3 59,061,931 2,265,897 2,505,364 2,476,561
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/0001193125-23-173861-index.htm
- Shareholder Votes
  Hercules Capital, Inc. shareholders approved Election of two independent directors at the 2023-06-22 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-22
  source text: Proposal 1. Election of two independent directors Proposal 2. Advisory vote to approve the Company’s named executive offer compensation Proposal 3. Advisory vote on the frequency of the advisory vote on executive compensation Proposal 4. Authorization of the Company to sell or issue shares of its common stock at a price below its then-current NAV per share, subject to the conditions set forth in Proposal 4 Proposal 5. Ratification of the selection of PricewaterhouseCoopers LLP (“PwC”) as the independent public accountant for the fiscal year ending December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/0001193125-23-173861-index.htm
- Shareholder Votes
  Hercules Capital, Inc. shareholders approved Advisory vote to approve the Company’s named executive officer compensation at the 2023-06-22 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-22
  source text: Proposal 2 56,773,421 5,801,533 3,734,799
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/0001193125-23-173861-index.htm
- Shareholder Votes
  Hercules Capital, Inc. shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as the independent public accountant for the fiscal year ending December 31, 2023 at the 2023-06-22 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-22
  source text: Proposal 5 104,904,432 1,698,188 1,933,904
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523173861/0001193125-23-173861-index.htm

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