GLAD Special Meeting Adjourned to Jan 24; Board Urges 'FOR' Vote on Advisory Agreement

TL;DR

**GLAD's special meeting is delayed until Jan 24; vote 'FOR' the New Advisory Agreement to avoid extra costs!**

AI Summary

Gladstone Capital Corp (GLAD) has adjourned its Special Meeting of Stockholders until January 24, 2024, at 10:30 A.M. The company needs more time for stockholders to vote on the New Advisory Agreement, which the Board of Directors recommends voting "FOR." This matters to investors because their vote is crucial for the company to conduct necessary business and avoid incurring substantial additional proxy solicitation costs, which are ultimately borne by stockholders.

Why It Matters

This filing indicates that Gladstone Capital Corp is struggling to get enough shareholder votes for a key proposal, potentially leading to increased costs for shareholders and delays in company business.

Risk Assessment

Risk Level: medium — The delay and urgent plea for votes suggest potential difficulty in passing a key proposal, which could lead to increased costs and uncertainty for the company.

Analyst Insight

Investors should review the details of the New Advisory Agreement and cast their vote promptly to support the company's operational efficiency and avoid unnecessary costs. Failure to vote could lead to further delays and expenses.

Key Players & Entities

• GLADSTONE CAPITAL CORP (company) — the registrant
• David Gladstone (person) — Chairman & CEO
• January 24, 2024 (date) — new date for the Special Meeting of Stockholders
• 10:30 A.M. (time) — new time for the Special Meeting of Stockholders

Forward-Looking Statements

• Gladstone Capital Corp will successfully pass the New Advisory Agreement by the new meeting date. (New Advisory Agreement) — medium confidence, target: 2024-01-24

FAQ

Filing Documents

• d708252ddefa14a.htm (DEFA14A) — 16KB
• g708252dsp002.jpg (GRAPHIC) — 48KB
• g708252dsp002b.jpg (GRAPHIC) — 10KB
• g708252dsp002c.jpg (GRAPHIC) — 7KB
• g708252dsp002d.jpg (GRAPHIC) — 5KB
• g708252dsp002g.jpg (GRAPHIC) — 3KB
• g708252dsp002h.jpg (GRAPHIC) — 2KB
• g708252dsp02e.jpg (GRAPHIC) — 1KB
• g708252dsp02f.jpg (GRAPHIC) — 1KB
• 0001193125-24-003381.txt ( ) — 122KB

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. Scan the code with your phones camera to hear an important message from Chairman & CEO David Gladstone. Dear Stockholder, The Gladstone Capital Corp Special Meeting of Stockholders has been adjourned until January 24, 2024 at 10:30 A.M. to permit stockholders additional time to consider and vote on the proposal described in the companys proxy statement. 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. Our records indicate that we have not yet received voting instructions for your account. Your vote is urgently needed. We appreciate your investment and encourage you to cast a vote for this years Special meeting. We urge you to vote as soon as possible to ensure our ability to conduct necessary business. The Board of Directors of GLAD recommends that you vote FOR the New Advisory Agreement. Regardless of the number of shares you own, your vote is very important and will help us avoid additional solicitation costs. Please note that proxy solicitation costs are borne by the company and its stockholders. These costs can be substantial. Voting today will help us manage such costs and will avoid the need to initiate further calls or mailings to you. We urge you to vote as soon as possible to allow GLAD to reconvene the adjourned meeting as soon as possible. Please respond by voting in favor of the New Advisory Agreement using one of the four methods listed below. Failure to obtain the required votes will cause the meeting to be adjourned until all applicable voting requirements are met. FOUR WAYS TO VOTE ONLINE PHONE QR CODE MAIL PROXY QUESTIONS? Call 1-833-786-5515 WWW.PROXYVOTE.COM Please have your proxy card in hand when accessing the website. There are easy-to-follow directions to help you complete the electronic voting instruction form. WITHOUT A PROXY CARD Call 1-833-786-5515 Monday to Friday, 9:00 a.m. to 10:00 p.m. ET to speak with a proxy specialist. WITH A PROXY CARD Call 1-800-690-6903 with a touch-tone phone to vote using an automated system. WITH A SMARTPHON E Vote by scanning the Quick Response Code or QR Code on the Proxy Card/VIF enclosed. VOTE PROCESSING Mark, sign and date your ballot and return it in the postage-paid envelope provided.

View Full Filing

View this DEFA14A filing on SEC EDGAR