Oaktree Specialty Lending Corp. Schedules 2024 Special Meeting of Stockholders
Ticker: OCSL · Form: DEF 14A · Filed: Jan 10, 2024 · CIK: 1414932
| Field | Detail |
|---|---|
| Company | Oaktree Specialty Lending CORP (OCSL) |
| Form Type | DEF 14A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $65,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: Proxy Statement, Shareholder Meeting, OCSL, Corporate Governance, Virtual Meeting
TL;DR
<b>Oaktree Specialty Lending Corp. will hold its 2024 Special Meeting of Stockholders virtually on March 4, 2024, for eligible shareholders of record as of January 4, 2024.</b>
AI Summary
Oaktree Specialty Lending Corp (OCSL) filed a Proxy Statement (DEF 14A) with the SEC on January 10, 2024. The 2024 Special Meeting of Stockholders for Oaktree Specialty Lending Corporation (OCSL) will be held virtually on March 4, 2024. Stockholders of record as of January 4, 2024, are entitled to vote at the meeting. The meeting will commence at 10:30 a.m. Pacific Time (1:30 p.m. Eastern Time). The virtual meeting can be accessed at www.virtualshareholdermeeting.com/ocsl2024sm. The filing is a Definitive Proxy Statement (DEF 14A) filed on January 10, 2024.
Why It Matters
For investors and stakeholders tracking Oaktree Specialty Lending Corp, this filing contains several important signals. This filing is a routine proxy statement, indicating upcoming shareholder votes or discussions on corporate matters. The virtual format suggests a move towards modern, accessible shareholder engagement, potentially reducing costs associated with physical meetings.
Risk Assessment
Risk Level: low — Oaktree Specialty Lending Corp shows low risk based on this filing. The filing is a standard DEF 14A proxy statement, which typically contains routine corporate governance information and does not present immediate financial or operational risks.
Analyst Insight
Review the agenda for the March 4, 2024, Special Meeting to understand the specific proposals and voting matters.
Key Numbers
- March 4, 2024 — Special Meeting Date (Date of the 2024 Special Meeting of Stockholders)
- January 4, 2024 — Record Date (Date for determining eligible stockholders)
- 10:30 a.m. Pacific Time — Meeting Time (PT) (Start time of the virtual meeting)
- 1:30 p.m. Eastern Time — Meeting Time (ET) (Start time of the virtual meeting)
Key Players & Entities
- Oaktree Specialty Lending Corp. (company) — Registrant and filer of the proxy statement
- March 4, 2024 (date) — Date of the Special Meeting of Stockholders
- January 4, 2024 (date) — Record date for determining stockholders eligible to vote
- www.virtualshareholdermeeting.com/ocsl2024sm (url) — Website for the virtual shareholder meeting
- DEF 14A (filing_type) — Form type of the filing
- 2024-01-10 (date) — Filing date of the proxy statement
Forward-Looking Statements
- Shareholders will vote on corporate governance matters, including director elections, at the meeting on March 4, 2024. (Oaktree Specialty Lending Corp) — high confidence, target: 2024-03-04
FAQ
When did Oaktree Specialty Lending Corp file this DEF 14A?
Oaktree Specialty Lending Corp filed this Proxy Statement (DEF 14A) with the SEC on January 10, 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 Oaktree Specialty Lending Corp (OCSL).
Where can I read the original DEF 14A filing from Oaktree Specialty Lending 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 Oaktree Specialty Lending Corp.
What are the key takeaways from Oaktree Specialty Lending Corp's DEF 14A?
Oaktree Specialty Lending Corp filed this DEF 14A on January 10, 2024. Key takeaways: The 2024 Special Meeting of Stockholders for Oaktree Specialty Lending Corporation (OCSL) will be held virtually on March 4, 2024.. Stockholders of record as of January 4, 2024, are entitled to vote at the meeting.. The meeting will commence at 10:30 a.m. Pacific Time (1:30 p.m. Eastern Time)..
Is Oaktree Specialty Lending Corp a risky investment based on this filing?
Based on this DEF 14A, Oaktree Specialty Lending Corp presents a relatively low-risk profile. The filing is a standard DEF 14A proxy statement, which typically contains routine corporate governance information and does not present immediate financial or operational risks.
What should investors do after reading Oaktree Specialty Lending Corp's DEF 14A?
Review the agenda for the March 4, 2024, Special Meeting to understand the specific proposals and voting matters. The overall sentiment from this filing is neutral.
How does Oaktree Specialty Lending Corp compare to its industry peers?
Oaktree Specialty Lending Corporation operates as a business development company (BDC), investing in debt and equity of middle-market companies. Such companies typically hold annual or special meetings to vote on corporate matters.
Are there regulatory concerns for Oaktree Specialty Lending Corp?
As a publicly traded entity, Oaktree Specialty Lending Corp. is subject to SEC regulations, including those governing proxy solicitations and shareholder meetings, as outlined in Schedule 14A.
Industry Context
Oaktree Specialty Lending Corporation operates as a business development company (BDC), investing in debt and equity of middle-market companies. Such companies typically hold annual or special meetings to vote on corporate matters.
Regulatory Implications
As a publicly traded entity, Oaktree Specialty Lending Corp. is subject to SEC regulations, including those governing proxy solicitations and shareholder meetings, as outlined in Schedule 14A.
What Investors Should Do
- Review the full proxy statement for details on the agenda and any proposals to be voted on.
- Confirm eligibility to vote based on the January 4, 2024, record date.
- Prepare to attend the virtual meeting on March 4, 2024, or arrange for proxy voting.
Key Dates
- 2024-01-10: Filing of Definitive Proxy Statement — Indicates the company is preparing for a shareholder meeting and providing official notice.
- 2024-01-04: Record Date — Determines which shareholders are eligible to receive notice and vote at the Special Meeting.
- 2024-03-04: Special Meeting of Stockholders — The date when shareholders will convene to vote on company matters.
Year-Over-Year Comparison
This filing is a DEF 14A proxy statement, indicating an upcoming shareholder meeting. Specific financial or operational data from previous filings is not directly comparable without further context on the meeting's agenda.
Filing Stats: 4,725 words · 19 min read · ~16 pages · Grade level 14.6 · Accepted 2024-01-10 16:18:10
Key Financial Figures
- $65,000 — s for an estimated fee of approximately $65,000 plus pass through charges. Broadridge c
Filing Documents
- d464369ddef14a.htm (DEF 14A) — 376KB
- g464369dsp0020.jpg (GRAPHIC) — 4KB
- 0001193125-24-005945.txt ( ) — 737KB
- ocsl-20230930.xsd (EX-101.SCH) — 2KB
- d464369ddef14a_htm.xml (XML) — 83KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 5 THE PROPOSAL — AUTHORIZATION OF THE COMPANY TO SELL OR OTHERWISE ISSUE SHARES OF ITS COMMON STOCK AT A PRICE BELOW ITS THEN CURRENT NET ASSET VALUE PER SHARE SUBJECT TO THE CONDITIONS SET FORTH IN THIS PROPOSAL 6
FINANCIAL STATEMENTS AVAILABLE
FINANCIAL STATEMENTS AVAILABLE 15 OTHER MATTERS 15 Stockholder Proposals 15 Other Business 15 Delivery of Proxy Materials 16 Additional Information 16 Available Information 16 1 Table of Contents Oaktree Specialty Lending Corporation 333 South Grand Avenue, 28 th Floor Los Angeles, CA 90071 PROXY STATEMENT Virtual 2024 Special Meeting of Stockholders General We are furnishing you this proxy statement in connection with the solicitation of proxies by the Board of Directors (the "Board") of Oaktree Specialty Lending Corporation (the "Company," "we," "us," or "our") for use at the Company's 2024 Special Meeting of Stockholders (the "Special Meeting"). This proxy statement is first being mailed to the Company's stockholders on or about January 10, 2024. This proxy statement summarizes the information regarding the matter to be voted upon at the Special Meeting. We encourage you to vote your shares by following the instructions on the enclosed proxy card and granting a proxy (i.e., authorizing someone to vote your shares). If you provide voting instructions, either via the Internet, by telephone or by signing, dating and returning the enclosed proxy card, and the Company receives them in time for the Special Meeting, the persons named as proxies will vote your shares in the manner that you specified. Special Meeting Information The Special Meeting will be a completely virtual meeting. There will be no physical meeting location and the meeting will only be conducted via live webcast. The Special Meeting will be held on March 4, 2024 at 10:30 a.m., Pacific Time (1:30 p.m., Eastern Time). To participate in the Special Meeting, visit www.virtualshareholdermeeting.com/ocsl2024sm and enter the 16-digit control number included on the enclosed proxy card or in the instructions that accompanied your proxy materials. Online check-in will begin at 10:20 a.m., Pacific Time (1:20 p.m., Eastern Time). Please allow time for online check-i
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth, as of January 4, 2024, the beneficial ownership information of each current director, including each nominee for director, of the Company, as well as the Company's executive officers, and the executive officers and directors as a group. There is no person known to the Company to beneficially own 5% or more of the outstanding shares of the Company's common stock. Percentage of beneficial ownership is based on 78,965,350 shares of the Company's common stock outstanding as of January 4, 2024. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission ("SEC") and includes voting or investment power with respect to the securities. Ownership information for those persons who beneficially own 5% or more of the shares of the Company's common stock is based upon filings by such persons with the SEC and other information obtained from such persons, if available. Unless otherwise indicated, the Company believes that each beneficial owner set forth in the table below has sole voting and investment power over the shares beneficially owned by such beneficial owner. The directors are divided into two groups — interested director and independent directors. The interested director is an "interested person" of the Company as defined in Section 2(a)(19) of the 1940 Act. The address of all executive officers and directors is c/o Oaktree Specialty Lending Corporation, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. Name Number of Shares of Common Stock Owned Beneficially Percentage of Common Stock Outstanding Interested Director: John B. Frank (1) 54,261 * Independent Directors: Phyllis R. Caldwell 9,166 * Deborah Gero 19,911 * Craig Jacobson 56,757 * Bruce Zimmerman 19,130 * Executive Officers: Christopher McKown 5,655 * Ashley Pak 2,083 — Armen Panossian 12,789 * Mathew Pendo 41,698 * Matthe