New Mountain Finance Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: NMFCZ · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 1496099
| Field | Detail |
|---|---|
| Company | New Mountain Finance Corp (NMFCZ) |
| Form Type | DEF 14A |
| Filed Date | Mar 26, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $100,000, $12.25, $1, $10,000, $10,001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: NMFC, Annual Meeting, Proxy Statement, Director Election, Auditor Ratification
TL;DR
<b>New Mountain Finance Corp. will hold its 2024 Annual Meeting on May 10, 2024, with key items including director elections and auditor ratification.</b>
AI Summary
New Mountain Finance Corp (NMFCZ) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. The 2024 Annual Meeting of Stockholders for New Mountain Finance Corporation (NMFC) will be held on May 10, 2024, at 11:30 a.m. Eastern Time. Stockholders can participate, vote, and submit questions via live webcast at www.virtualshareholdermeeting.com/NMFC2024. Electronic voting is available prior to the meeting at www.proxyvote.com. Key agenda items include the election of three directors, ratification of Deloitte & Touche LLP as independent auditors for fiscal year 2024, and other business. NMFC encourages stockholders to vote via the Internet to save time and processing costs.
Why It Matters
For investors and stakeholders tracking New Mountain Finance Corp, this filing contains several important signals. The meeting will address the election of directors and the ratification of the independent auditor, which are crucial for corporate governance and financial oversight. The company emphasizes electronic voting for efficiency and cost savings, highlighting the importance of shareholder participation in corporate decisions.
Risk Assessment
Risk Level: low — New Mountain Finance Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Stockholders should review the proxy materials and vote on the proposed director nominees and auditor ratification to exercise their governance rights.
Key Numbers
- May 10, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
- 11:30 a.m. Eastern Time — Annual Meeting Time (2024 Annual Meeting of Stockholders)
- 3 — Directors to be Elected (Elect three directors to the board of directors)
- 2024 — Fiscal Year for Auditor (Independent registered public accounting firm for the fiscal year ending December 31, 2024)
Key Players & Entities
- New Mountain Finance Corp. (company) — Registrant and Company Name
- Deloitte & Touche LLP (company) — Independent registered public accounting firm
- May 10, 2024 (date) — Date of Annual Meeting
- 2024 (date) — Fiscal Year End
- 2127300200 (phone) — Business Phone Number
FAQ
When did New Mountain Finance Corp file this DEF 14A?
New Mountain Finance Corp filed this Proxy Statement (DEF 14A) with the SEC on March 26, 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 New Mountain Finance Corp (NMFCZ).
Where can I read the original DEF 14A filing from New Mountain Finance 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 New Mountain Finance Corp.
What are the key takeaways from New Mountain Finance Corp's DEF 14A?
New Mountain Finance Corp filed this DEF 14A on March 26, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for New Mountain Finance Corporation (NMFC) will be held on May 10, 2024, at 11:30 a.m. Eastern Time.. Stockholders can participate, vote, and submit questions via live webcast at www.virtualshareholdermeeting.com/NMFC2024.. Electronic voting is available prior to the meeting at www.proxyvote.com..
Is New Mountain Finance Corp a risky investment based on this filing?
Based on this DEF 14A, New Mountain Finance Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading New Mountain Finance Corp's DEF 14A?
Stockholders should review the proxy materials and vote on the proposed director nominees and auditor ratification to exercise their governance rights. The overall sentiment from this filing is neutral.
How does New Mountain Finance Corp compare to its industry peers?
New Mountain Finance Corporation operates as a business development company (BDC), providing financing to middle-market companies.
Are there regulatory concerns for New Mountain Finance Corp?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
Industry Context
New Mountain Finance Corporation operates as a business development company (BDC), providing financing to middle-market companies.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
What Investors Should Do
- Review the proxy statement for details on director nominees and their qualifications.
- Vote on the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2024.
- Participate in the virtual annual meeting or vote by proxy to ensure your vote is counted.
Key Dates
- 2024-05-10: Annual Meeting of Stockholders — Key date for shareholder voting and participation.
- 2024-03-26: Filing Date — Date the definitive proxy statement was filed with the SEC.
Year-Over-Year Comparison
This is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, filed on March 26, 2024, indicating a routine corporate governance event.
Filing Stats: 4,383 words · 18 min read · ~15 pages · Grade level 10.8 · Accepted 2024-03-26 17:00:27
Key Financial Figures
- $100,000 — even B. Klinsky ​ ​ Over $100,000 ​ ​ Over $100,000 Rober
- $12.25 — price for NMFC’s common stock of $12.25 per share on the Record Date on the NAS
- $1 — ecurities beneficially owned are: None, $1 - $10,000, $10,001 - $50,000, $50,001 -
- $10,000 — ties beneficially owned are: None, $1 - $10,000, $10,001 - $50,000, $50,001 - $100,000
- $10,001 — ficially owned are: None, $1 - $10,000, $10,001 - $50,000, $50,001 - $100,000 or over $
- $50,000 — wned are: None, $1 - $10,000, $10,001 - $50,000, $50,001 - $100,000 or over $100,000.
- $50,001 — None, $1 - $10,000, $10,001 - $50,000, $50,001 - $100,000 or over $100,000. The foll
Filing Documents
- ny20022012x1_def14a.htm (DEF 14A) — 610KB
- sig_johnkline.jpg (GRAPHIC) — 8KB
- sig_josephhartswell.jpg (GRAPHIC) — 11KB
- sig_josephhartswellx1.jpg (GRAPHIC) — 12KB
- ny20022012x1_pc01.jpg (GRAPHIC) — 553KB
- ny20022012x1_pc02.jpg (GRAPHIC) — 542KB
- 0001140361-24-015314.txt ( ) — 2161KB
From the Filing
DEF 14A 1 ny20022012x1_def14a.htm DEF 14A TABLE OF CONTENTS 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 (Amendment No.   ) 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 §240.14a-12 New Mountain Finance Corporation (Name of Registrant as Specified In Its Charter)     (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 in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 TABLE OF CONTENTS New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, New York 10019 March 26, 2024 Dear Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders (“Annual Meeting”) of New Mountain Finance Corporation (“NMFC” or the “Company”) to be held on May 10, 2024 at 11:30 a.m., Eastern Time. You will be able to participate in the Annual Meeting, vote and submit your questions via live webcast by visiting www.virtualshareholdermeeting.com/NMFC2024. Prior to the Annual Meeting you will be able to vote electronically at www.proxyvote.com . The notice of the Annual Meeting and the proxy statement provide an outline of the business to be conducted at the Annual Meeting. At the Annual Meeting, the stockholders of NMFC will be asked to: (i) elect three directors to the board of directors of NMFC to serve for a term of three years, or until their respective successors are duly elected and qualify; (ii) ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and (iii) transact such other business that may properly come before the Annual Meeting. It is important that your shares be represented at the Annual Meeting. If you are unable to participate in the Annual Meeting during the scheduled time, I urge you to follow the instructions on the Notice of Internet Availability of Proxy Materials to vote your proxy on the Internet. I encourage you to vote via the Internet, as it saves us significant time and processing costs. However, on the Notice of Internet Availability of Proxy Materials, you will also find instructions on how to request a hard copy of the Proxy Statement and proxy card free of charge and you may vote your proxy by returning your proxy card to us after you request the hard copy materials. Your vote is important. To vote or to submit your questions during the Annual Meeting, please log on to www.virtualshareholdermeeting.com/NMFC2024 . You will need to enter the 16-digit control number on your notice of the Annual Meeting. Your vote is important to us.   ​ ​ Sincerely yours,   ​ ​     ​ ​     ​ ​ John R. Kline   ​ ​ President and Chief Executive Officer TABLE OF CONTENTS New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, New York 10019 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS AND INTERNET AVAILABILITY OF PROXY MATERIALS TO BE HELD ON May 10, 2024 To the Stockholders of New Mountain Finance Corporation: A meeting (the “Annual Meeting”) of stockholders of New Mountain Finance Corporation (“NMFC” or the “Company”) will be held on May 10, 2024 at 11:30 a.m., Eastern Time. We are very pleased that this year’s Annual Meeting will be a completely virtual meeting of stockholders, which will be conducted via live webcast. It is important to note that stockholders have the same rights and opportunities by participating in a virtual meeting, as they would if attending an in-person meeting. You can participate in the Annual Meeting, vote and submit your questions during the Annual Meeting by visiting www.virtualshareholdermeeting.com/NMFC2024. You must have your 16-digit control number in order to access the Annual Meeting. The Annual Meeting will be held for the following purposes: 1. To elect three directors to the board of directors of NMFC who will each serve for a term of three years, or until their respective successors are duly elected and qualify; 2. To ratify the appointment of Deloitte & Touche LLP to serve as the Company&#x