8-K
filed June 21, 2023, 7:59 PM ET
ticker TRIN
CIK 0001786108
other material
confidence high
sentiment neutral
materiality 0.15
Shareholders approve board declassification and below-NAV share issuance authorization
Trinity Capital Inc.
- Ronald E. Estes and Michael E. Zacharia re-elected as directors with majority support.
- Proposal to declassify the board (4-year sunset) approved: 19,309,325 for, 341,338 against.
- Authorization to sell up to 25% of shares below NAV approved: 15,928,177 for, 3,354,008 against.
- Annual meeting adjourned from June 14 to June 21 to secure additional votes for below-NAV proposal.
- Approval allows Trinity Capital flexibility to raise equity capital at discounts to NAV.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Trinity Capital Inc. shareholders approved Election of Directors at the 2023-06-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-14
Exact text from the filing
Proposal 1: Election of Directors The Company’s stockholders re-elected two directors to the Board of Directors to serve until the 2026 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. The following votes were taken in connection with this proposal: Name For Against Abstain Broker Non-Votes Ronald E. Estes 16,626,476 2,972,733 268,357 – Michael E. Zacharia 17,151,073 2,450,212 266,281 –
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Trinity Capital Inc. shareholders approved Adoption of Articles of Amendment and Restatement to declassify the Board of Directors at the 2023-06-14 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-14
Exact text from the filing
Proposal 2: Adoption of Articles of Amendment and Restatement The Company’s stockholders approved a proposal to amend the Articles of Amendment and Restatement of the Company to declassify the Company’s Board of Directors, subject to a four-year sunset. For Against Abstain Broker Non-Votes 19,309,325 341,338 216,903 –
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Trinity Capital Inc. shareholders approved Issuance of Shares Below Net Asset Value at the 2023-06-14 meeting.
- Outcome
- passed
- Meeting
- 2023-06-14
Exact text from the filing
Proposal 3: Issuance of Shares Below Net Asset Value The Company’s stockholders approved the proposal to authorize the Company to sell or otherwise issue up to 25% of the then outstanding shares of the Company’s common stock at an offering price per share to investors that is below the Company’s then current net asset value per share. The following vote was taken in connection with this proposal: For Against Abstain Broker Non-Votes All Stockholders 15,928,177 3,354,008 585,381 – Stockholders Without Affiliates 13,139,267 3,354,008 585,381 –
View on SEC.gov
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