MidCap Financial Investment Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>MidCap Financial Investment Corporation will hold its 2024 Annual Meeting of Stockholders virtually on June 21, 2024, to elect directors and ratify auditors.</b>

AI Summary

MidCap Financial Investment Corp (MFICL) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Stockholders for MidCap Financial Investment Corporation will be held virtually on June 21, 2024. Stockholders will vote on the election of three Class II Directors. The meeting agenda includes ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2024. The record date for stockholders eligible to vote is April 22, 2024. The company encourages stockholders to vote via the Internet to save time and processing costs.

Why It Matters

For investors and stakeholders tracking MidCap Financial Investment Corp, this filing contains several important signals. The election of directors and ratification of the auditor are key governance activities that directly impact the company's oversight and financial reporting. The virtual meeting format and emphasis on internet voting suggest a focus on efficiency and accessibility for shareholders.

Risk Assessment

Risk Level: — MidCap Financial Investment Corp shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks disclosed.

Analyst Insight

Review the proposed director nominees and the ratification of the auditor to understand the company's governance and financial oversight.

Key Numbers

• 3 — Class II Directors (Number of directors to be elected at the meeting)
• 2024 — Fiscal Year (Fiscal year for which Deloitte & Touche LLP is proposed to be ratified as auditor)

Key Players & Entities

• MidCap Financial Investment Corporation (company) — Registrant and company holding the annual meeting
• Deloitte & Touche LLP (company) — Proposed independent registered public accounting firm
• Howard Widra (person) — Executive Chairman of the Board of Directors
• June 21, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders
• April 22, 2024 (date) — Record date for stockholders eligible to vote

FAQ

Industry Context

MidCap Financial Investment Corporation operates as a business development company (BDC), investing in debt and equity of middle-market companies.

Regulatory Implications

As a publicly traded investment company, MidCap Financial Investment Corporation is subject to SEC regulations, including proxy solicitation rules for shareholder meetings.

What Investors Should Do

1. Review the biographies and qualifications of the nominated Class II Directors.
2. Evaluate the independence and performance of Deloitte & Touche LLP for the fiscal year 2024.
3. Ensure timely voting of proxy materials by the shareholder record date of April 22, 2024.

Key Dates

• 2024-06-21: 2024 Annual Meeting of Stockholders — Key date for voting on directors and auditor ratification
• 2024-04-22: Record Date — Determines eligibility to vote at the annual meeting

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, following the typical schedule for such corporate events.

Key Financial Figures

• $9,500 — with an estimated fee of approximately $9,500, plus expenses. As the Meeting date app
• $100,001 — Directors and Nominees Barbara Matas $100,001$500,000 Emanuel Pearlman None R. R
• $500,000 — s and Nominees Barbara Matas $100,001$500,000 Emanuel Pearlman None R. Rudolph R
• $1,000,000 — and Nominee John J. Hannan (2) over $1,000,000 Howard T. Widra (2) over $1,000,000
• $1 — 1) Dollar ranges are as follows: None, $1 $10,000, $10,001 $50,000, $50,001 $100,
• $10,000 — Dollar ranges are as follows: None, $1 $10,000, $10,001 $50,000, $50,001 $100,000, $10
• $10,001 — anges are as follows: None, $1 $10,000, $10,001 $50,000, $50,001 $100,000, $100,001 $50
• $50,000 — e as follows: None, $1 $10,000, $10,001 $50,000, $50,001 $100,000, $100,001 $500,000, $
• $50,001 — ows: None, $1 $10,000, $10,001 $50,000, $50,001 $100,000, $100,001 $500,000, $500,001 $
• $100,000 — e, $1 $10,000, $10,001 $50,000, $50,001 $100,000, $100,001 $500,000, $500,001 $1,000,000
• $500,001 — 0, $50,001 $100,000, $100,001 $500,000, $500,001 $1,000,000 or over $1,000,000. (2) D

Filing Documents

• d719842ddef14a.htm (DEF 14A) — 188KB
• g719842g00a03.jpg (GRAPHIC) — 21KB
• g719842g00a12.jpg (GRAPHIC) — 19KB
• g719842g00a14.jpg (GRAPHIC) — 30KB
• g719842page024.jpg (GRAPHIC) — 110KB
• g719842page025.jpg (GRAPHIC) — 126KB
• 0001193125-24-122878.txt (&nbsp;) — 601KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management As of the Record Date, to our knowledge, no person would be presumed under the Investment Company Act of 1940, as amended (the 1940 Act), to control us, as such term is defined in the 1940 Act. Our Directors consist of independent Directors (Directors who are not interested persons (as defined in the 1940 Act) of the Company, and therefore not affiliates of AIM) (Independent Directors) and Interested Directors. Interested Directors are interested persons of the Company, as defined in the 1940 Act. As of the Record Date, based on public filings and/or information, we believe that no stockholder, directly or indirectly owned, controlled or held, with the power to vote, 5% or more of our outstanding common stock as of that date. The following table sets forth our affiliates that directly or indirectly owned, controlled or held, with the power to vote, our outstanding common stock as of the Record Date. Unless otherwise indicated, we believe that each beneficial owner set forth in the table has sole voting and investment power over the securities owned by it. Name and address of Beneficial Owner Type of ownership (1) Shares owned Percentage of common stock outstanding Apollo Principal Holdings III LP (2) Beneficial 2,490,220 3.82 % MFIC Holdings, LP (2) Beneficial 1,932,641 2.96 % (1) All of our common stock is owned of record by Cede & Co., as nominee of The Depository Trust Company. (2) Apollo Principal Holdings III LP and MFIC Holdings, LP are affiliates of the Company and each does not beneficially own more than 5% of the Companys outstanding common stock. The principal address for each of Apollo Principal Holdings III LP and MFIC Holdings, LP is 9 West 57 th Street, New York, New York 10019. The following table sets forth, as of the Record Date, the number of shares of the Companys common stock beneficially owned by the Director nominees and each of our other Direc

View Full Filing

View this DEF 14A filing on SEC EDGAR