Saratoga Investment Corp. Files 8-K on Security Holder Votes
Ticker: SAV · Form: 8-K · Filed: Oct 23, 2024 · CIK: 1377936
| Field | Detail |
|---|---|
| Company | Saratoga Investment Corp. (SAV) |
| Form Type | 8-K |
| Filed Date | Oct 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, corporate-governance, filing
Related Tickers: SAR
TL;DR
Saratoga Investment Corp. (SAR) filed an 8-K on Oct 23, 2024, detailing votes on common stock and various notes due 2027/2028.
AI Summary
Saratoga Investment Corp. filed an 8-K on October 23, 2024, to report on the submission of matters to a vote of its security holders. The filing details various debt instruments, including common stock, notes due 2027 with coupon rates of 6.0%, 8.0%, and 8.125%, and notes due 2028 with a coupon rate of 8.50%.
Why It Matters
This filing indicates that Saratoga Investment Corp. is engaging its security holders on important corporate matters, potentially related to financing or governance decisions.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of matters submitted for a security holder vote and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- 2027 — Maturity Year (Notes due in 2027 with various coupon rates.)
- 2028 — Maturity Year (Notes due in 2028 with an 8.50% coupon rate.)
Key Players & Entities
- SARATOGA INVESTMENT CORP. (company) — Registrant
- October 23, 2024 (date) — Report Date
- 6.0% (dollar_amount) — Coupon rate for notes due 2027
- 8.0% (dollar_amount) — Coupon rate for notes due 2027
- 8.125% (dollar_amount) — Coupon rate for notes due 2027
- 8.50% (dollar_amount) — Coupon rate for notes due 2028
FAQ
What specific matters were submitted for a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text.
What are the coupon rates for the notes due in 2027?
The notes due in 2027 have coupon rates of 6.0%, 8.0%, and 8.125%.
What is the coupon rate for the notes due in 2028?
The notes due in 2028 have a coupon rate of 8.50%.
What is the par value of Saratoga Investment Corp.'s common stock?
The common stock has a par value of $0.001 per share.
When was Saratoga Investment Corp. incorporated?
Saratoga Investment Corp. was incorporated in Maryland.
Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-10-23 15:33:53
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SAR New York Stock Exchan
Filing Documents
- ea0218450-8k_saratoga.htm (8-K) — 37KB
- 0001213900-24-089936.txt ( ) — 264KB
- sar-20241023.xsd (EX-101.SCH) — 4KB
- sar-20241023_def.xml (EX-101.DEF) — 27KB
- sar-20241023_lab.xml (EX-101.LAB) — 37KB
- sar-20241023_pre.xml (EX-101.PRE) — 26KB
- ea0218450-8k_saratoga_htm.xml (XML) — 8KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On October 23, 2024, Saratoga Investment Corp. (the "Company" ) held its 2024 Annual Meeting of Stockholders (the "Annual Meeting" ). As of July 29, 2024, the record date for the Annual Meeting, 13,745,769 shares of common stock were eligible to be voted, and 7,257,704 of those shares were voted in person or by proxy at the Annual Meeting. The following matter was submitted at the Annual Meeting to the stockholders for consideration: Proposal 1 — Election of Directors To elect Christian L. Oberbeck as a director of the Company, each to serve until the 2027 Annual Meeting of Stockholders or until their respective successor is duly elected and qualified. The nominee was elected to serve until the 2027 Annual Meeting of Stockholders or until his successor is duly elected and qualified. The following votes were taken in connection with this proposal: Director Nominee Votes For Votes Withheld Broker Non-Votes Christian L. Oberbeck 6,366,788 890,916 — 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Saratoga Investment Corp. Date: October 23, 2024 By: /s/ Henri J. Steenkamp Name: Henri J. Steenkamp Title: Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary 2