OFS Capital Corp. Files Proxy Materials

TL;DR

OFS Capital Corp. dropped proxy docs, no fee. Shareholders, pay attention.

AI Summary

OFS Capital Corp. filed a Definitive Additional Materials proxy statement on May 30, 2024. This filing is related to the company's proxy materials and does not require a fee. The company is registered with the SEC under the 1934 Act and its fiscal year ends on December 31st.

Why It Matters

This filing indicates that OFS Capital Corp. is providing updated or additional information to its shareholders regarding proxy matters, which is crucial for shareholder voting and corporate governance.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement update and does not contain information suggesting significant financial or operational risks.

Key Players & Entities

• OFS Capital Corp. (company) — Registrant
• 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO, IL 60606 (company) — Business and Mail Address
• 847-734-2000 (company) — Business Phone Number
• 20240530 (date) — Filing Date

FAQ

Filing Documents

• ofsccsmdefa14anotice53024.htm (DEFA14A) — 22KB
• a20240530-ofsccxslidedeckr.jpg (GRAPHIC) — 475KB
• a20240530-ofsccxslidedeckra.jpg (GRAPHIC) — 429KB
• a20240530-ofsccxslidedeckrb.jpg (GRAPHIC) — 594KB
• a20240530-ofsccxslidedeckrc.jpg (GRAPHIC) — 662KB
• a20240530-ofsccxslidedeckrd.jpg (GRAPHIC) — 489KB
• a20240530-ofsccxslidedeckre.jpg (GRAPHIC) — 526KB
• a20240530-ofsccxslidedeckrf.jpg (GRAPHIC) — 340KB
• image_0.jpg (GRAPHIC) — 7KB
• image_1.jpg (GRAPHIC) — 3KB
• 0001487918-24-000062.txt ( ) — 4877KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION 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 Pursuant to 240.14a-12 OFS Capital 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. OFS CAPITAL CORPORATION 10 South Wacker Drive, Suite 2500 Chicago, Illinois 60606 (847) 734-2000 May 30, 2024 To Our Stockholders As you are all aware, OFS Capital Corporation ("OFS" or the "Company") will be holding a Special Meeting of Stockholders on June 5, 2024 and filed a proxy statement related to the Special Meeting on April 24, 2024. At the Special Meeting we are asking stockholders to vote on a proposal authorizing the Company, with the approval of our board of directors, to issue shares of our common stock at a price below our then-current NAV per share, subject to certain conditions set forth in the proxy statement. While we have no intention to do so in the near term, we are seeking the flexibility to sell common stock at a price below NAV because we believe there could be moments in time when doing so would be in the best interest of our stockholders. The same proposal was approved by a majority of the stockholders in each of the last four years. OFS did not sell any shares below NAV pursuant to the proposal approved by the majority of stockholders at the Company's 2023, 2022, 2021 and 2020 Special Meetings of Stockholders. From time to time, global capital markets may experience periods of disruption and instability. The economic effects of elevated interest and inflation rates, the ongoing war between Russia and Ukraine, the escalated armed conflict in the Middle East, instability in the U.S. and international banking systems, the risk of recession and a shutdown of U.S. government services have had, and may continue to have, a material adverse impact on the global economy, including the United States, as cross border commercial activity and market sentiment have been negatively impacted. We believe that attractive investment opportunities may present themselves during this volatile period and during other periods of market volatility, including opportunities to make acquisitions of other companies or investment portfolios at compelling values. Periods of market disruption and instability may adversely affect the Company's access to sufficient debt and equity capital. In addition, the debt capital that will be available, if any, may be at a higher cost and on less favorable terms and conditions in the future. Stockholder approval of the proposal to sell shares of our common stock below NAV would provide the Company with the flexibility to raise equity capital to invest in such attractive investment opportunities, which typically need to be made expeditiously. We believe that having the flexibility to access the capital markets in these types of environments is an important tool that can help us drive stockholder value during periods of market distress, and we are committed to doing so should we be given the opportunity. Since our initial public offering in November 2012, we have only had one follow-on equity offering and seven debt offerings. We will continue to take our duties and responsibilities to our stockholders regarding capital markets activities with the utmost seriousness — one of the most important decisions we make. Attached is a presentation that walks through our thought process and financial framework for this proposal. For assistance voting your OFS shares, please call D.F. King toll-free at (888) 626-0988. We would also welcome the opportunity to discuss at your convenience. Thank you for your ongoing support of, and continued interest in, OFS. Sincerely yours, Bilal Rashid Chairman of the Board of Directors and Chief Executive Officer

View Full Filing

View this DEFA14A filing on SEC EDGAR