---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-143667"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2025-06-20T23:59:59+00:00"
generated_at: "2026-05-19T00:58:00.454694+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital shareholders reject proposal to sell shares below NAV at annual meeting

## Summary
- Elected directors Scott Bluestein, Wade Loo, DeAnne Aguirre to Class III terms until 2028.
- Advisory vote approved named executive officer compensation (56.1M for, 6.4M against).
- Proposal to authorize sale or issuance of shares below NAV failed (52.6M for, 11.1M against, excluding affiliates).
- Ratified PwC as independent auditor for FY2025 (124.6M for, 1.8M against).
- Broker non-votes of ~62.2M shares on all proposals except auditor ratification.

## SEC filing metadata
- accession: 0001193125-25-143667
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2025-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312525143667/0001193125-25-143667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312525143667/d830830d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-143667
- JSON: https://secwatch.observer/filing/0001193125-25-143667.json
- Plain text: https://secwatch.observer/filing/0001193125-25-143667.txt

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