Eagle Capital Growth Fund Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Eagle Capital Growth Fund will hold its 2024 Annual Meeting on April 18, 2024, to elect directors and ratify auditors.</b>

AI Summary

EAGLE CAPITAL GROWTH FUND, INC. (GRF) filed a Proxy Statement (DEF 14A) with the SEC on March 7, 2024. The 2024 Annual Meeting of Shareholders for Eagle Capital Growth Fund, Inc. will be held on April 18, 2024. Shareholders will vote on the election of three (3) directors to new 3-year terms. The selection of Cohen & Company, Ltd as independent registered public accountants for the calendar year ending December 31, 2024, will be ratified. The record date for determining shareholders eligible to vote is February 23, 2024. The meeting will take place at the Milwaukee Bar Association, Board Conference Room, 747 North Broadway Street, Milwaukee, Wisconsin.

Why It Matters

For investors and stakeholders tracking EAGLE CAPITAL GROWTH FUND, INC., this filing contains several important signals. Shareholders have the opportunity to influence the Fund's governance by electing directors. The ratification of the independent auditor ensures financial transparency and compliance.

Risk Assessment

Risk Level: low — EAGLE CAPITAL GROWTH FUND, INC. shows low risk based on this filing. The filing is a routine DEF 14A proxy statement with no immediate financial or operational changes indicated, suggesting low risk.

Analyst Insight

Shareholders should review director nominees and auditor ratification to make informed voting decisions.

Key Numbers

• 3 — Directors to be elected (To new 3-year terms.)
• 2024 — Annual Meeting Year (2024 Annual Meeting of Shareholders.)
• 2024 — Auditor Calendar Year (For the calendar year ending December 31, 2024.)

Key Players & Entities

• EAGLE CAPITAL GROWTH FUND, INC. (company) — Registrant and filer of the proxy statement.
• Cohen & Company, Ltd (company) — Proposed independent registered public accountants.
• Milwaukee Bar Association (company) — Location of the Annual Meeting.
• April 18, 2024 (date) — Date of the 2024 Annual Meeting of Shareholders.
• February 23, 2024 (date) — Record date for determining shareholders entitled to vote.
• December 31, 2024 (date) — Fiscal year end for which auditors are selected.

FAQ

Industry Context

Eagle Capital Growth Fund, Inc. is a registered investment company. This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

This filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, requiring public companies to provide shareholders with information before meetings.

What Investors Should Do

1. Review the qualifications of the director nominees.
2. Understand the role and responsibilities of the independent auditor.
3. Vote on the proposed items to ensure shareholder representation.

Key Dates

• 2024-04-18: 2024 Annual Meeting of Shareholders — Shareholders will elect directors and ratify auditors.
• 2024-02-23: Record Date — Determines shareholders eligible to vote at the meeting.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 Annual Meeting, indicating a routine annual process.

Key Financial Figures

• $0.001 — 7,836 shares of common stock, par value $0.001 per share (&#x201c;Common Stock&#x201d;
• $1.3 billion — Mr. Tyler oversaw a budget in excess of $1.3 billion.&#xa0; Mr. Tyler retired in 2010 from h
• $9 — nominee, valued at a price per share of $9.28, the closing price on the NYSE Ameri
• $100,000 — ompanies David C. Sims (Nominee) Over $100,000 Over $100,000 Luke E. Sims (Continuin
• $10,001 — Jason W. Allen (Continuing Director) $10,001-$50,000 $10,001-$50,000 Robert M. Bil
• $50,000 — W. Allen (Continuing Director) $10,001-$50,000 $10,001-$50,000 Robert M. Bilkie, Jr.
• $1 — llip J. Hanrahan (Continuing Director) $1-$10,000 $1-$10,000 Carl A. Holth (Nom
• $10,000 — p J. Hanrahan (Continuing Director) $1-$10,000 $1-$10,000 Carl A. Holth (Nominee) $
• $12,000 — 9; fees, received an annual retainer of $12,000, paid quarterly, together with $1,250,
• $1,250 — $12,000, paid quarterly, together with $1,250, paid quarterly, for service on the Aud
• $750 — mmittee Chairman received an additional $750 annual retainer, paid quarterly.&#xa0;
• $13,000 — rterly.&#xa0; The fees for 2024 will be $13,000 for directors, $1,750 for Audit Committ
• $1,750 — for 2024 will be $13,000 for directors, $1,750 for Audit Committee service and a $1,00
• $1,000 — 1,750 for Audit Committee service and a $1,000 retainer for the Audit Committee Chairm
• $0 — s David C. Sims, Director and Nominee $0 None None $0 Luke E. Sims, Director

Filing Documents

• ny20023405x1_def14a.htm (DEF 14A) — 151KB
• 0001140361-24-011884.txt (&nbsp;) — 152KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT To the knowledge of the Fund, as of the Record Date, set forth below are the number of shares of the Common Stock, beneficially owned by each officer, director and nominee, and by all directors, nominees and officers of the Fund as a group.&#xa0; The address of each is the address of the Fund. &#xa0; Number of Shares and Nature Percent Name and Address (a) of Beneficial Ownership as of of Class &#xa0; Record Date (b) &#xa0; &#xa0; &#xa0; &#xa0; Jason W. Allen, Director 2,274 0.1% &#xa0; &#xa0; &#xa0; Robert M. Bilkie, Jr., Chairman, Director 1,764 * &#xa0; &#xa0; &#xa0; Phillip J. Hanrahan, Director 900 * &#xa0; &#xa0; &#xa0; Carl A. Holth, Director and Nominee for Director 7,037 0.2% &#xa0; &#xa0; &#xa0; Anne M. Nichols, Director and Nominee for Director 1,000 * &#xa0; &#xa0; &#xa0; David C. Sims, VP, CFO, CCO, Treasurer, Secretary, Director and Nominee for Director 205,556 5.2% &#xa0; &#xa0; &#xa0; Luke E. Sims, President, CEO, Director 291,660 7.4% &#xa0; &#xa0; &#xa0; Donald G. Tyler, Director 12,886 0.3% &#xa0; &#xa0; &#xa0; Neal F. Zalenko, Director 12,512 0.3% &#xa0; &#xa0; &#xa0; All Directors, Nominees and Officers as a group (9 persons) 535,589 13.5% * Less than 0.1% (a)&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;The address of each is the address of the principal executive office of the Fund, 225 East Mason Street, Suite 802, Milwaukee, Wisconsin 53202-3657. (b)&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;The nature of beneficial ownership of shares shown in this column is sole voting and investment power unless otherwise indicated.&#xa0; The shares shown by Mr. Bilkie include 1,764 shares owned by his wife.&#xa0; The shares shown for Luke E. Sims include 11,389 shares beneficially owned by his wife (of which he disclaims beneficial ownership).&#xa0; The shares shown for David C

View Full Filing

View this DEF 14A filing on SEC EDGAR