PennantPark Files 2024 Definitive Proxy Statement

TL;DR

PFRL proxy statement filed. Shareholders vote soon.

AI Summary

PennantPark Floating Rate Capital Ltd. filed its definitive proxy statement on December 11, 2024, for the fiscal year ending September 30, 2024. The filing, designated as DEF 14A, outlines information for shareholders regarding company matters, likely including director elections and executive compensation, as is typical for this filing type. The company's principal executive offices are located at 590 Madison Avenue, New York, NY.

Why It Matters

This filing provides shareholders with crucial information for upcoming votes, impacting corporate governance and executive compensation decisions at PennantPark Floating Rate Capital Ltd.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures that would inherently increase risk.

Key Numbers

• 0930 — Fiscal Year End (Indicates the period the proxy statement pertains to.)
• 20241211 — Filing Date (The date the definitive proxy statement was submitted to the SEC.)

Key Players & Entities

• PennantPark Floating Rate Capital Ltd. (company) — Registrant
• 590 Madison Avenue, 15th Floor, New York, NY 10022 (location) — Company Business Address
• 0930 (date) — Fiscal Year End
• 20241211 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — ompany’s common stock, par value $0.001 per share (the “Common Stock&#x2
• $60,000 — stimated that we will pay approximately $60,000 for such services. If we engage a solic
• $10,001 — pendent directors Adam K. Bernstein $10,001 - $50,000 $100,001 - $500,000 Marsh
• $50,000 — rectors Adam K. Bernstein $10,001 - $50,000 $100,001 - $500,000 Marshall Brozos
• $100,001 — Adam K. Bernstein $10,001 - $50,000 $100,001 - $500,000 Marshall Brozost None
• $500,000 M — nstein $10,001 - $50,000 $100,001 - $500,000 Marshall Brozost None $100,001 - $500
• $500,000 — Marshall Brozost None $100,001 - $500,000 Jeffrey Flug $100,001 - $500,000
• $1,000,000 — ffrey Flug $100,001 - $500,000 Over $1,000,000 Samuel L. Katz Over $1,000,000 Ov
• $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
• $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) Al

Filing Documents

• pflt-20241211.htm (DEF 14A) — 398KB
• img156297200_0.jpg (GRAPHIC) — 29KB
• img156297200_1.jpg (GRAPHIC) — 4KB
• img156297200_2.jpg (GRAPHIC) — 4KB
• img156297200_3.jpg (GRAPHIC) — 389KB
• img156297200_4.jpg (GRAPHIC) — 416KB
• img156297200_5.jpg (GRAPHIC) — 504KB
• img156297200_6.jpg (GRAPHIC) — 517KB
• 0000950170-24-135369.txt ( ) — 2966KB

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 deemed to “control” (as such term is defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) the Company. Our Board consists of two interested directors and four independent directors. An interested director is an “interested person” of the Company, as defined in the 1940 Act, and independent directors are all other directors (the “Independent Directors”). The following table sets forth, as of the Record Date, certain ownership information with respect to the Common Stock for those persons who directly or indirectly own, control or hold with the power to vote, five percent or more of the Company’s outstanding Common Stock and all officers and directors of the Company, as a group. Name and address (1) Type of ownership (3) Shares Owned Percentage of Common Stock Outstanding Independent directors Adam K. Bernstein Record/Beneficial 3,150 * Marshall Brozost Record/Beneficial — — Jeffrey Flug Record/Beneficial 11,900 * Samuel L. Katz Record/Beneficial 147,100 * Interested directors Arthur H. Penn (2) Record/Beneficial 344,009 * Jos é A. Briones, Jr. Record/Beneficial 327,599 * Executive officer Richard T. Allorto, Jr. Record/Beneficial 10,000 — All directors and executive officer as a group (7 persons) 843,758 1 % (1) The address for each officer and director is c/o PennantPark, 1691 Michigan Avenue, Miami Beach, Florida 33139. (2) Mr. Penn is the Managing Member of the Adviser and may therefore be deemed to own beneficially the 344,009 shares held by the Adviser. (3) Sole voting power. * Less than 1 percent. 8 Dollar Range of Securities Beneficially Owned by Directors The following table sets forth the dollar range of (i) the Common Stock and

View Full Filing

View this DEF 14A filing on SEC EDGAR