---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-014225"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:02:54.593862+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Gladstone Capital shareholders approve advisory agreement tied to adviser control change

## Summary
- Stockholders approved new investment advisory agreement with Gladstone Management Corp. (20.8M for, 0.9M against, 1.1M abstain).
- David Gladstone will deposit his 100% indirect interest in adviser into a voting trust upon approval.
- Voting trust board of five trustees each holds 20% voting power; effective date is earliest of David's death, his election, or one year.
- Senior management of the adviser continues day-to-day operations unchanged.

## SEC filing metadata
- accession: 0001193125-24-014225
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312524014225/0001193125-24-014225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312524014225/d706732d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014225
- JSON: https://secwatch.observer/filing/0001193125-24-014225.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014225.txt

## Key facts
- Shareholder Votes
  GLADSTONE CAPITAL CORP shareholders approved To approve a new investment advisory agreement between the Company and Gladstone Management Corporation at the 2024-01-24 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2024-01-24
  source text: The matter considered and voted on by the Company’s stockholders at the Special Meeting (the “Proposal”) and the vote of the stockholders were as follows: 1. To approve a new investment advisory agreement between the Company and Gladstone Management Corporation, the Company’s investment adviser: For Against Abstain 20,766,320 886,628 1,114,532
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312524014225/0001193125-24-014225-index.htm

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