UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
May 2, 2019
CAPITALA FINANCE CORP.
(Exact name of registrant as specified in its charter)
| Maryland | 814-01022 | 90-0945675 |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer Identification No.) |
| of incorporation) | | |
4201 Congress St., Suite 360
Charlotte, NC 28209
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code:(704) 376-5502
Check the appropriate box below if the Form 8-K 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | | Trading symbol(s) | | Name of Each Exchange on Which Registered |
Common Stock, par value $0.01 per share
5.75% Convertible Notes due 2022 6.00% Notes due 2022 | | CPTA CPTAG CPTAL | | NASDAQ Global Select Market
NASDAQ Capital Market NASDAQ Global Select Market |
| Item 2.02 | Results of Operations and Financial Condition |
On May 6, 2019, Capitala Finance Corp. (the“Company”) issued a press release announcing its financial results for the quarter ended March 31, 2019, the text of which is attached hereto as Exhibit 99.1. Additionally, on May 6, 2019, the Company made available on its website, http://investor.CapitalaGroup.com, a supplemental investor presentation with respect to the earnings release.
The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
| Item 5.07. | Submission of Matters to a Vote of Security Holders |
The Company held its Annual Meeting of Shareholders (the“Meeting”) on May 2, 2019 and submitted two matters to the vote of the shareholders. A summary of the matters voted upon by shareholders is set forth below.
1. Shareholders elected two directors of the Company, who will each serve for a three-year term to expire at the 2022 Annual Meeting of Shareholders, based on the following votes:
Name | | For | | Withheld | | Broker Non-Votes |
| Joseph B. Alala, III | | 8,453,531 | | 775,004 | | - |
| H. Paul Chapman | | 7,929,378 | | 1,299,157 | | - |
2. Shareholders approved a proposal to authorize the Company to sell shares of its common stock at a price or prices below the Company’s then current net asset value per share in one or more offerings, in each case subject to the approval of its board of directors and compliance with the conditions set forth in the proxy statement pertaining thereto (including, without limitation, that the number of shares issued does not exceed 25% of the Company’s then outstanding common stock immediately prior to each such offering) based on the following votes:
| | | For | | | Against | | | Abstain | | | Broker
Non-Votes | |
| With Affiliates | | | 7,025,516 | | | | 1,981,605 | | | | 221,413 | | | | - | |
| % of Voted* | | | 76.13 | % | | | 21.47 | % | | | 2.40 | % | | | - | |
| Without Affiliates | | | 5,851,018 | | | | 1,981,605 | | | | 221,413 | | | | - | |
| % of Voted* | | | 72.65 | % | | | 24.60 | % | | | 2.75 | % | | | - | |
* For purposes of this proposal, the affirmative vote of (1) a majority of the outstanding shares of common stock entitled to vote at the Meeting; and (2) a majority of the outstanding shares of common stock entitled to vote at the Meeting that are not held by affiliated persons of the Company was required to approve this proposal. For purposes of this proposal, the Investment Company Act of 1940, as amended, defines “a majority of the outstanding shares” as: (1) 67% or more of the voting securities present at the Meeting if the holders of more than 50% of the outstanding voting securities of such company are present or represented by proxy; or (2) more than 50% of the outstanding voting securities of the Company, whichever is the less.
| Item 9.01 | Financial Statements and Exhibits. |
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.
| Date: May 6, 2019 | CAPITALA FINANCE CORP. |
| | |
| | |
| | By: | /s/ Stephen A. Arnall |
| | | Stephen A. Arnall
Chief Financial Officer |
