UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 5, 2016 (August 4, 2016)
Gladstone Investment Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 814-00704 | 83-0423116 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1521 Westbranch Drive, Suite 100
McLean, Virginia 22102
(Address of principal executive offices)
Registrant’s telephone number, including area code: (703) 287-5800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On August 4, 2016, Gladstone Investment Corporation (the “Company”) held its 2016 Annual Meeting of Stockholders (the “Annual Meeting”). There were present at the Annual Meeting, in person or by proxy, stockholders holding an aggregate of 15,622,055 shares of the Company’s common stock and 2,123,659 shares of the Company’s preferred stock. The following matters were submitted to the stockholders for consideration:
| 1. | To elect three directors, Paul W. Adelgren, David Gladstone and John H. Outland, to be elected by the holders of common stock and preferred stock, voting together as a single class, such directors to serve until the 2019 Annual Meeting of Stockholders, or until their successors are elected. |
| 2. | To approve a proposal to authorize the Company, with the approval of its Board of Directors, to issue and sell shares of common stock (during the next 12 months) at a price below its then current net asset value per share subject to certain limitations set forth in the proxy statement (including, without limitation, that the number of shares issued and sold pursuant to such authority does not exceed 25% of its then outstanding common stock immediately prior to each such sale). |
The voting results, as tabulated by and received from the inspectors of election for the Annual Meeting, relating to the matters voted on at the Annual Meeting indicate that: Paul W. Adelgren, David Gladstone and John H. Outland were elected to serve as directors until the 2019 Annual Meeting of Stockholders, or until their successors are elected and qualified; and proposal two was also approved by the Company’s stockholders. The full voting results are as follows:
| 1. | Election of directors to hold office until the 2019 Annual Meeting: |
Such matter was voted upon by the stockholders holding common stock and preferred stock, voting together as a single class.
| For | Withheld | Broker Non-Votes | ||||||||||
| Paul W. Adelgren |
16,730,338 | 1,015,376 | 0 | |||||||||
| David Gladstone |
16,806,511 | 939,203 | 0 | |||||||||
| John H. Outland |
16,761,123 | 984,591 | 0 | |||||||||
Continuing directors whose terms did not expire at the Annual Meeting were as follows: Michela A. English and Anthony W. Parker (each serving until the 2017 Annual Meeting of Stockholders), and Terry Brubaker, Caren D. Merrick and Walter H. Wilkinson, Jr. (each serving until the 2018 Annual Meeting of Stockholders).
| 2. | Ratification of proposal to authorize the Company, with the approval of its Board of Directors, to issue and sell shares of its common stock (during the next 12 months) at a price below its then current net asset value per share, subject to certain limitations set forth in the proxy (including, without limitation, that the number of shares issued and sold pursuant to such authority does not exceed 25% of its then outstanding common stock immediately prior to each such sale): |
| For |
Against | Abstain | Broker Non-Votes | |||||||
| 14,323,357 |
2,854,300 | 568,057 | 0 | |||||||
Such matter was voted upon by the Company’s stockholders holding common stock and preferred stock, voting together as a single class. As required by the Investment Company Act of 1940, as amended, this proposal was approved by more than 67% of all voting securities of the Company present at the Annual Meeting and more than 67% of the unaffiliated voting securities of the Company present at the Annual Meeting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Gladstone Investment Corporation | ||||||
| (Registrant) | ||||||
| By: | /s/ Julia Ryan | |||||
| August 5, 2016 | (Julia Ryan, Chief Financial Officer and Treasurer) | |||||