Monroe Capital Corporation Announces 2024 Annual Meeting of Stockholders
Ticker: MRCC · Form: DEF 14A · Filed: Apr 18, 2024 · CIK: 1512931
Sentiment: neutral
Topics: Monroe Capital, MRCC, DEF 14A, Annual Meeting, Proxy Statement
TL;DR
<b>Monroe Capital Corporation is holding its 2024 Annual Meeting of Stockholders virtually on June 18, 2024, and urges shareholders to vote by proxy.</b>
AI Summary
MONROE CAPITAL Corp (MRCC) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. Monroe Capital Corporation will hold its 2024 Annual Meeting of Stockholders virtually on June 18, 2024, at 11:30 a.m. Eastern Time. The meeting will be accessible via the website www.virtualshareholdermeeting.com/MRCC2024. Stockholders are urged to vote their shares by proxy card, telephone, or internet, even if planning to attend virtually. Theodore L. Koenig, Chairman and Chief Executive Officer, signed the proxy statement dated April 18, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for the 2024 Annual Meeting.
Why It Matters
For investors and stakeholders tracking MONROE CAPITAL Corp, this filing contains several important signals. This filing is a routine proxy statement, indicating the company is preparing for its annual shareholder meeting where key corporate decisions and board elections typically occur. The virtual format suggests a move towards modern, accessible shareholder engagement, potentially increasing participation but also requiring specific technical access for attendees.
Risk Assessment
Risk Level: low — MONROE CAPITAL Corp shows low risk based on this filing. The filing is a standard DEF 14A proxy statement, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.
Analyst Insight
Review the proxy statement for details on proposals, director nominations, and executive compensation to inform voting decisions.
Key Numbers
- 2024-06-18 — Annual Meeting Date (Monroe Capital Corporation's 2024 Annual Meeting of Stockholders)
- 11:30 a.m. Eastern Time — Meeting Time (Scheduled time for the virtual meeting)
- 2024-04-18 — Filing Date (Date the DEF 14A was filed)
Key Players & Entities
- MONROE CAPITAL Corp (company) — Registrant
- MRCC (company) — Ticker symbol
- DEF 14A (company) — Filing type
- 2024-06-18 (date) — Annual Meeting date
- 2024-04-18 (date) — Filing date
- Theodore L. Koenig (person) — Chairman and Chief Executive Officer
- 311 SOUTH WACKER DRIVE (address) — Company address
- CHICAGO (address) — Company city
FAQ
When did MONROE CAPITAL Corp file this DEF 14A?
MONROE CAPITAL Corp filed this Proxy Statement (DEF 14A) with the SEC on April 18, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MONROE CAPITAL Corp (MRCC).
Where can I read the original DEF 14A filing from MONROE CAPITAL Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MONROE CAPITAL Corp.
What are the key takeaways from MONROE CAPITAL Corp's DEF 14A?
MONROE CAPITAL Corp filed this DEF 14A on April 18, 2024. Key takeaways: Monroe Capital Corporation will hold its 2024 Annual Meeting of Stockholders virtually on June 18, 2024, at 11:30 a.m. Eastern Time.. The meeting will be accessible via the website www.virtualshareholdermeeting.com/MRCC2024.. Stockholders are urged to vote their shares by proxy card, telephone, or internet, even if planning to attend virtually..
Is MONROE CAPITAL Corp a risky investment based on this filing?
Based on this DEF 14A, MONROE CAPITAL Corp presents a relatively low-risk profile. The filing is a standard DEF 14A proxy statement, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.
What should investors do after reading MONROE CAPITAL Corp's DEF 14A?
Review the proxy statement for details on proposals, director nominations, and executive compensation to inform voting decisions. The overall sentiment from this filing is neutral.
How does MONROE CAPITAL Corp compare to its industry peers?
Monroe Capital Corporation is a business development company (BDC) that provides debt and equity financing to middle-market companies.
Are there regulatory concerns for MONROE CAPITAL Corp?
As a publicly traded company, Monroe Capital Corporation is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for annual shareholder meetings.
Industry Context
Monroe Capital Corporation is a business development company (BDC) that provides debt and equity financing to middle-market companies.
Regulatory Implications
As a publicly traded company, Monroe Capital Corporation is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for annual shareholder meetings.
What Investors Should Do
- Review the proxy statement for proposals to be voted on at the annual meeting.
- Check director nominations and any changes to the board composition.
- Examine executive compensation details presented in the proxy statement.
Key Dates
- 2024-06-18: 2024 Annual Meeting of Stockholders — Key date for shareholder participation and voting.
- 2024-04-18: Filing of DEF 14A — Indicates the proxy materials are now public.
Year-Over-Year Comparison
This filing is a routine DEF 14A proxy statement for the upcoming annual meeting and does not represent a change from previous filings of this type.
Filing Stats: 4,963 words · 20 min read · ~17 pages · Grade level 14.2 · Accepted 2024-04-18 16:33:27
Key Financial Figures
- $125,000 — proxy solicitor a fee of approximately $125,000 for such services, plus reimbursement f
Filing Documents
- mrccdef14a-april2024.htm (DEF 14A) — 627KB
- a1a.jpg (GRAPHIC) — 51KB
- monroecapitalcorporation00b.jpg (GRAPHIC) — 148KB
- monroecapitalcorporation00c.jpg (GRAPHIC) — 131KB
- 0001512931-24-000043.txt ( ) — 1083KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 26 DELINQUENT SECTION 16(A) REPORTS 27 AUDIT COMMITTEE REPORT 28 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 PROPOSAL NO. 2 APPROVAL TO SELL SHARES OF COMMON STOCK BELOW NET ASSET VALUE 30 OTHER BUSINESS 40 TABLE OF CONTENTS MONROE CAPITAL CORPORATION 311 South Wacker Drive, Suite 6400 Chicago, Illinois 60606 (312) 258-8300 NOTICE OF VIRTUAL ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 18, 2024 Online Meeting Only—No Physical Meeting Location www.virtualshareholdermeeting.comMRCC2024 To the Stockholders of Monroe Capital Corporation The 2024 Annual Meeting of Stockholders of Monroe Capital Corporation (the "Company") will be conducted virtually on June 18, 2024, at 1130 a.m. (Eastern Time), at the following website www.virtualshareholdermeeting.comMRCC2024, for the following purposes 1. To elect one Class III director to serve for a term of three years, and until his successor has been duly elected and qualified ( Proposal No. 1 ) 2. To approve a proposal to authorize flexibility for the Company, subject to approval of the Board of Directors of the Company, to sell shares of its common stock or warrants, options or rights to acquire its common stock during the next twelve months at a price below the Company's then-current net asset value per share, subject to certain conditions as set forth in this proxy statement (including that the number of shares sold on any given date does not exceed 25% dilution to current investors not participating in the offering) ( Proposal No. 2 ) and 3. To transact such other business as may properly come before the meeting, or any adjournments or postponements thereof. You or your proxyholder can participate, vote, and examine our stockholder list at the virtual annual meeting by visiting www.virtualshareholdermeeting.comMRCC2024 and using the 16-digit control number included on your proxy card or voting instruction form. You have t