PhenixFIN Corporation Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>PhenixFIN Corporation will hold its 2024 Annual Meeting on April 10, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

PhenixFIN Corp (PFXNZ) filed a Proxy Statement (DEF 14A) with the SEC on February 26, 2024. The 2024 Annual Meeting of Stockholders for PhenixFIN Corporation will be held on April 10, 2024, at 10:00 A.M. Eastern Time. Stockholders can participate, vote, and submit questions via live webcast at www.virtualshareholdermeeting.com/PFX2024. Key agenda items include the election of two directors for a three-year term. The appointment of KPMG LLP as the independent registered public accounting firm for fiscal year ending September 30, 2024, will be ratified. An advisory vote on executive compensation will also be conducted.

Why It Matters

For investors and stakeholders tracking PhenixFIN Corp, this filing contains several important signals. This filing is a proxy statement, indicating that the company is seeking shareholder votes on critical corporate governance matters. The meeting's agenda directly impacts the company's leadership, financial oversight, and executive compensation structure.

Risk Assessment

Risk Level: low — PhenixFIN 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

Review the director nominees and executive compensation proposals to make informed voting decisions.

Key Numbers

• 2 — Directors to be elected (To serve for a term of three years.)
• 3 — Years (Term for the elected directors.)
• 2024 — Annual Meeting Year (Year of the Annual Meeting of Stockholders.)
• 10:00 A.M. — Meeting Time (Eastern Time for the Annual Meeting.)

Key Players & Entities

• PhenixFIN Corporation (company) — Registrant and filer of the proxy statement.
• KPMG LLP (company) — Proposed independent registered public accounting firm.
• Medley Capital Corp (company) — Former company name.
• Medley Capital BDC LLC (company) — Former company name.
• April 10, 2024 (date) — Date of the Annual Meeting.
• September 30, 2024 (date) — Fiscal year end for which KPMG LLP is proposed as auditor.
• 212-759-0777 (phone) — Business phone number for PhenixFIN Corporation.
• 212-859-0390 (phone) — Contact phone number for PhenixFIN Corporation.

FAQ

Risk Factors

• General Disclosure Requirements [low — regulatory]: The filing must comply with SEC regulations for proxy statements, including providing all necessary information to shareholders.

Key Dates

• 2024-04-10: Annual Meeting of Stockholders — Key date for shareholder voting and participation.
• 2024-02-26: Filing Date — Date the definitive proxy statement was filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement (This is the official filing type for the document, indicating it's for shareholder voting.)

Stockholder of Record

An individual or entity that holds shares of stock in their own name. (Determines the method of voting and participation in the Annual Meeting.)

Beneficial Owner

An individual or entity that holds shares through a bank or broker. (Requires following voting instructions provided by the intermediary.)

Key Financial Figures

• $15,000 — at an anticipated cost of approximately $15,000, plus reimbursement of certain expenses
• $100,000 — ors David A. Lorber ( Nominee ) over $100,000 Independent Directors Arthur S. Ains
• $50,000 — ctors Arthur S. Ainsberg $ 10,001 – $50,000 Howard Amster ( Nominee ) over $100,0
• $100,000 K — 50,000 Howard Amster ( Nominee ) over $100,000 Karin Hirtler-Garvey $ 10,001 – $50,000
• $1 — _____ (1) The dollar ranges are: None, $1 – $10,000, $10,001 – $50,000, $50,001 –
• $10,000 — (1) The dollar ranges are: None, $1 – $10,000, $10,001 – $50,000, $50,001 – $100,000
• $10,001 — dollar ranges are: None, $1 – $10,000, $10,001 – $50,000, $50,001 – $100,000 or over $
• $50,001 — None, $1 – $10,000, $10,001 – $50,000, $50,001 – $100,000 or over $100,000. (2) The d
• $44.74 — e closing price for our common stock of $44.74 on the Record Date on the NASDAQ Global

Filing Documents

• def14a0224_phenixfin.htm (DEF 14A) — 669KB
• tproxy_001.jpg (GRAPHIC) — 988KB
• tproxy_002.jpg (GRAPHIC) — 1344KB
• 0001213900-24-016970.txt (&nbsp;) — 6612KB
• pfx-20230930.xsd (EX-101.SCH) — 8KB
• pfx-20230930_def.xml (EX-101.DEF) — 3KB
• pfx-20230930_lab.xml (EX-101.LAB) — 22KB
• pfx-20230930_pre.xml (EX-101.PRE) — 5KB
• def14a0224_phenixfin_htm.xml (XML) — 89KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management The following table sets forth, as of the Record Date, the beneficial ownership of each current director, the nominees for director, the Company's executive officers, each person known to us to beneficially own 5% or more of the outstanding shares of our common stock, and the executive officers and directors as a group. Unless otherwise indicated, the Company believes that each beneficial owner set forth in the table below has sole voting and investment power and has the same address as the Company. The Company's directors are divided into two groups — interested directors and independent directors. Interested directors are "interested persons" (as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the "1940 Act")) of the Company. The address of all executive officers and directors is c/o PhenixFIN Corporation, 445 Park Avenue, 10 th Floor, New York, NY 10022. Name and Address of Beneficial Owner Number of Shares Owned Beneficially Percentage of Class (1) Adalta Capital Management LLC 118,973 (2) 5.7 % 22NW Fund, LP 117,885 (3) 5.7 % Interested Director David A. Lorber ( Nominee ) 187,099.416 (4) 9.1 % Independent Directors Arthur S. Ainsberg 1,000 * % Howard Amster ( Nominee ) 270,470 (5) 13.1 % Karin Hirtler-Garvey 1,000 * % Lowell W. Robinson 1,000 * % Executive Officer Ellida McMillan 1,111 * % All executive officers and directors as a group (6 persons) 461,680.416 22.4 % ____________ * Represents less than one percent. (1) Based on a total of 2,060,490 shares of the Company's common stock issued and outstanding on February 15, 2024. 3 (2) Based on the information included in the Schedule

View Full Filing

View this DEF 14A filing on SEC EDGAR