---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-027678"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:24:07.540897+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Corp. amends ATM equity distribution agreement for new shelf registration

## Summary
- Amendment No. 5 to Equity Distribution Agreement effective March 13, 2026.
- Migrates ATM program to shelf registration statement on Form N-2 (333-292765).
- Agents unchanged: Lucid, Ladenburg, Compass Point, Raymond James.
- Updates subsidiary representations; no change in ATM size or terms.
- Legal opinion from Eversheds Sutherland (US) LLP filed as Exhibit 5.1.

## SEC filing metadata
- accession: 0001213900-26-027678
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390026027678/0001213900-26-027678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026027678/ea0281222-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-027678
- JSON: https://secwatch.observer/filing/0001213900-26-027678.json
- Plain text: https://secwatch.observer/filing/0001213900-26-027678.txt

## Key facts
- Material Agreements
  SARATOGA INVESTMENT CORP. amended Equity Distribution Agreement with Lucid Capital Markets, LLC, Ladenburg Thalmann & Co. Inc., Compass Point Research & Trading, LLC, Raymond James & Associates, Inc. (effective 2026-03-13).
  - Action: amendment
  - Agreement: atm program
  - Counterparty: Lucid Capital Markets, LLC, Ladenburg Thalmann & Co. Inc., Compass Point Research & Trading, LLC, Raymond James & Associates, Inc.
  - Effective: 2026-03-13
  source text: On March 13, 2026, in connection with the effectiveness of the Company’s shelf registration statement on Form N-2 (333-292765) (the “Registration Statement”), the Company and Saratoga Investment Advisors, LLC (the “Adviser”) entered into amendment no. 5 (“Amendment No. 5”) to the equity distribution agreement (as amended, the “Equity Distribution Agreement”) with Lucid Capital Markets, LLC (“Lucid”), Ladenburg Thalmann & Co. Inc. (“Ladenburg”), Compass Point Research & Trading, LLC (“Compass Point”), and Raymond James & Associates, Inc. (“Raymond James” and together with Lucid, Ladenburg, and Compass Point, the “Agents”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026027678/0001213900-26-027678-index.htm

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