GLAD Special Meeting Adjourned to Jan 24 Due to Lack of Quorum

TL;DR

**GLAD's special meeting got pushed to Jan 24 because not enough people showed up to vote on an important proposal.**

AI Summary

Gladstone Capital Corporation (GLAD) adjourned its Special Meeting of stockholders on January 4, 2024, because not enough shareholders were present to make decisions. The meeting will now be held virtually on January 24, 2024, at 10:30 A.M. Eastern Time. Only stockholders who owned shares as of October 18, 2023, can vote. This matters to investors because the company needs shareholder votes to pass an "important proposal," and if it doesn't pass, it could impact future company operations or strategic initiatives.

Why It Matters

The company needs shareholder participation to pass an important proposal, which could affect its future direction and financial health. Failure to pass could signal a lack of shareholder engagement or delay key corporate actions.

Risk Assessment

Risk Level: medium — The adjournment due to a lack of quorum indicates potential difficulty in passing important proposals, which could lead to operational delays or uncertainty.

Analyst Insight

An investor should ensure their vote is cast by the new deadline if they were a stockholder of record on October 18, 2023, especially given the company's emphasis on the 'important proposal.' This indicates active participation is needed to support company initiatives.

Key Players & Entities

• Gladstone Capital Corporation (company) — the registrant
• January 4, 2024 (date) — original special meeting date
• January 24, 2024 (date) — reconvened special meeting date
• 10:30 A.M., Eastern Time (time) — reconvened special meeting time
• October 18, 2023 (date) — record date for voting eligibility
• Alliance Advisors (company) — proxy solicitor
• (833) 786-5515 (phone_number) — contact for voting assistance

Forward-Looking Statements

• Gladstone Capital Corporation will successfully achieve a quorum and pass the 'important proposal' at the reconvened meeting. (Gladstone Capital Corporation) — medium confidence, target: 2024-01-24

FAQ

Filing Documents

• d64611ddefa14a.htm (DEFA14A) — 11KB
• g64611g0103220612053.jpg (GRAPHIC) — 7KB
• 0001193125-24-002449.txt ( ) — 21KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under to 240.14a-12 GLADSTONE CAPITAL CORPORATION (Name of Registrant as Specified In Its Charter) Not Applicable (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box) No fee required. Fee paid previously with preliminary materials. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. IMPORTANT UPDATE ON SPECIAL MEETING January 4, 2024 Dear Valued Stockholder: Earlier today, Gladstone Capital Corporation (the Company) reconvened and adjourned its special meeting of stockholders (the Special Meeting), without any business being conducted other than the adjournment. The Special Meeting was adjourned because a quorum was not present. The Special Meeting will be reconvened on January 24, 2024 at 10:30 A.M., Eastern Time at a virtual meeting. You will be able to attend the Special Meeting, as well as vote and submit your questions during the live webcast of the meeting, by visiting www.virtualshareholdermeeting.com/GLAD2023SM . Only stockholders of record at the close of business on October 18, 2023 are entitled to vote at the Special Meeting. Stockholders who have already voted need not submit another vote unless they wish to change their vote. Although the response of our stockholders who have voted on the proposal has been positive, if you have not yet voted, we need your vote in order to pass this important proposal. We encourage stockholders who have not yet executed a proxy to do so now. Stockholders who have questions or need assistance voting may call our proxy solicitor Alliance Advisors at (833) 786-5515, Mon- Fri from 9am-10pm ET. THE BOARD, INCLUDING EACH OF THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE APPROVAL OF THE NEW ADVISORY AGREEMENT AS DESCRIBED IN THE PROXY STATEMENT FOR THE SPECIAL MEETING. Please take a moment to vote your proxy by using the methods indicated on your proxy form. Thank you for your investment in the Company and your vote. Sincerely, Gladstone Capital Corporation

View Full Filing

View this DEFA14A filing on SEC EDGAR