GLADSTONE CAPITAL ADJOURNS ANNUAL MEETING TO SOLICIT VOTES FOR SHARE INCREASE

TL;DR

**GLAD adjourned its annual meeting to push for more authorized shares; reconvenes Feb 29.**

AI Summary

Gladstone Capital Corporation (GLAD) adjourned its annual meeting on February 1, 2024, without conducting any business, specifically to gather more votes for Proposal 3. This proposal seeks to amend the company's charter to increase the number of authorized common stock shares. The meeting will reconvene virtually on February 29, 2024, at 11:00 A.M. Eastern Time. This matters to stockholders because approving Proposal 3 could lead to future share issuances, potentially diluting existing shares but also providing capital for growth or acquisitions.

Why It Matters

The company needs more votes to increase its authorized shares, which could impact future capital raising and potential dilution for current shareholders.

Risk Assessment

Risk Level: medium — The proposal to increase authorized shares carries a medium risk of potential future dilution for existing shareholders, though it could also enable growth.

Analyst Insight

Investors should consider the implications of an increased authorized share count on potential future dilution and the company's capital raising strategy, and ensure their vote is cast if they are a stockholder of record as of December 1, 2023.

Key Players & Entities

• Gladstone Capital Corporation (company) — the registrant
• February 1, 2024 (date) — date of initial annual meeting adjournment
• February 29, 2024 (date) — date the annual meeting will be reconvened
• 11:00 A.M., Eastern Time (time) — time of the reconvened annual meeting
• December 1, 2023 (date) — record date for stockholders entitled to vote

FAQ

Filing Documents

• d72200ddefa14a.htm (DEFA14A) — 11KB
• g72200dsp2.jpg (GRAPHIC) — 12KB
• 0001193125-24-021614.txt ( ) — 28KB

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 ANNUAL MEETING February 1, 2024 Dear Valued Stockholder: Earlier today, Gladstone Capital Corporation (the Company) convened and adjourned its annual meeting of stockholders (the Annual Meeting), without any business being conducted other than the adjournment. The Annual Meeting was adjourned in order to solicit additional votes for Proposal 3 To approve an amendment to the Companys charter to increase the number of authorized shares of common stock. The Annual Meeting will be reconvened on February 29, 2024 at 11:00 A.M., Eastern Time at a virtual meeting. You will be able to attend the Annual Meeting, as well as vote and submit your questions during the live webcast of the meeting, by visiting http://www.virtualshareholdermeeting.com/GLAD2024 . Only stockholders of record at the close of business on December 1, 2023 are entitled to vote at the Annual 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 Broadridge 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 AMENDMENT TO THE COMPANYS CHARTER TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK AS DESCRIBED IN THE PROXY STATEMENT FOR THE ANNUAL 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

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View this DEFA14A filing on SEC EDGAR