SuRo Capital Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>SuRo Capital Corp. invites stockholders to its 2024 Annual Meeting on June 5, 2024, to vote on key corporate matters.</b>

AI Summary

SURO CAPITAL CORP. (SSSSL) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. SuRo Capital Corp. is holding its 2024 Annual Meeting of Stockholders on June 5, 2024. The meeting will be held virtually via live webcast. Stockholders of record as of April 15, 2024, are entitled to vote. The proxy statement details matters to be voted on, including the election of directors and ratification of the independent registered public accounting firm. The company was formerly known as Sutter Rock Capital Corp., GSV Capital Corp., and NeXt Innovation Corp.

Why It Matters

For investors and stakeholders tracking SURO CAPITAL CORP., this filing contains several important signals. This filing is a definitive proxy statement, indicating that the company is proceeding with its annual shareholder meeting and seeking votes on important proposals. The meeting's virtual format suggests a move towards modern, accessible shareholder engagement, potentially increasing participation.

Risk Assessment

Risk Level: low — SURO CAPITAL 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 concerns highlighted.

Analyst Insight

Review the proxy materials to understand the proposals being voted on and cast your vote accordingly.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
• June 5 — Annual Meeting Date (2024 Annual Meeting of Stockholders to be held on June 5)
• April 15, 2024 — Record Date (Stockholders of record as of April 15, 2024)
• April 18, 2024 — Filing Date (Filed as of Date: 20240418)

Key Players & Entities

• SURO CAPITAL CORP. (company) — Registrant name
• 2024 Annual Meeting of Stockholders (event) — Meeting name
• June 5, 2024 (date) — Date of Annual Meeting
• April 18, 2024 (date) — Filing Date
• April 15, 2024 (date) — Record Date for Stockholders
• Sutter Rock Capital Corp. (company) — Former company name
• GSV Capital Corp. (company) — Former company name
• NeXt Innovation Corp. (company) — Former company name

FAQ

Industry Context

SuRo Capital Corp. operates as a business development company (BDC) or investment company, focusing on providing capital to and investing in emerging growth and technology companies.

Regulatory Implications

This filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the full proxy statement for details on director nominees and proposals.
2. Ensure your shares are voted by the deadline, whether by proxy or in person (virtually).
3. Check the company's investor relations for any additional meeting information or materials.

Key Dates

• 2024-06-05: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and participation.
• 2024-04-18: Filing Date — Date the definitive proxy statement was filed with the SEC.
• 2024-04-15: Record Date — Date to determine which stockholders are entitled to vote.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating a definitive proxy statement for an upcoming annual meeting, distinct from previous filings which might have been 8-K or other event-driven reports.

Filing Documents

• formdef14a.htm (DEF 14A) — 614KB
• formdef14a_004.jpg (GRAPHIC) — 53KB
• formdef14a_005.jpg (GRAPHIC) — 59KB
• formdef14a_006.jpg (GRAPHIC) — 43KB
• proxy_001.jpg (GRAPHIC) — 1332KB
• proxy_002.jpg (GRAPHIC) — 828KB
• 0001493152-24-015190.txt (&nbsp;) — 7072KB
• ssss-20231231.xsd (EX-101.SCH) — 4KB
• ssss-20231231_def.xml (EX-101.DEF) — 7KB
• ssss-20231231_lab.xml (EX-101.LAB) — 57KB
• ssss-20231231_pre.xml (EX-101.PRE) — 42KB
• formdef14a_htm.xml (XML) — 71KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 8 Delinquent Section 16(a) Reports 9 PROPOSAL I: ELECTION OF DIRECTOR 10 Information about the Director-Nominee and Directors 10 Interested Director 11 Independent Directors 11 Information about the Executive Officers Who Are Not Directors 13 Board Diversity Matrix 13 CORPORATE GOVERNANCE 14 Director Independence 14 Board Leadership Structure 14 Board of Directors' Role in Risk Oversight 15 Committees of the Board of Directors 15 Communication with the Board of Directors 18 Hedging, Speculative Trading and Pledging of Securities 18 Code of Business Conduct and Ethics 18 COMPENSATION OF DIRECTORS 19 COMPENSATION DISCUSSION AND ANALYSIS 20 Compensation Philosophy and Objectives 20 Independent Compensation Consultant 20 Assessment of Market Data 21 Assessment of Company Performance 21 Stockholder Advisory Vote on Executive Compensation 22

Executive Compensation Components

Executive Compensation Components 22 Risk Management and Compensation Policies and Practices 25 Employment Agreements 26 1940 Act Restrictions on Company Performance Based Compensation 29 Tax Deductibility of Compensation 30 Conclusion 30 COMPENSATION COMMITTEE REPORT 31 COMPENSATION OF EXECUTIVE OFFICERS 32 Summary Compensation Table 32 Grants of Plan-Based Awards 33 Outstanding Equity Awards at Fiscal Year End 33 Equity Awards Vested in Fiscal Year 34 Potential Payments Upon Change in Control or Termination of Employment 34 Chief Executive Officer Pay Ratio 36 Pay Versus Performance Table 36 RELATED PARTY TRANSACTIONS AND CERTAIN RELATIONSHIPS 40 PROPOSAL II: ADVISORY VOTE ON EXECUTIVE COMPENSATION 41 PROPOSAL III: RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 42 AUDIT COMMITTEE REPORT 43 Pre-Approval Policies and Procedures 43 Review with Management 43 Review and Discussion with Independent Registered Public Accounting Firm 43 Conclusion 44 OTHER BUSINESS 45 SUBMISSION OF STOCKHOLDER PROPOSALS 46 PRIVACY NOTICE 47 3 SURO CAPITAL CORP. 640 Fifth Avenue, 12th Floor New York, New York 10019 (212) 931-6331 PROXY 2024 Annual Meeting of Stockholders To Be Held On June 5, 2024 This proxy statement (this "Proxy Statement") is furnished in connection with the solicitation of proxies by the board of directors (the "Board of Directors") of SuRo Capital Corp. (the "Company," "SuRo Capital," "we," "us" or "our") for use at the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on June 5, 2024 at 9:00 a.m., Eastern Time, at the offices of Eversheds Sutherland (US) LLP, The Grace Building, 1114 Sixth Avenue, 40th Floor, New York, New York 10036, and at any postponements or adjournments thereof. This Proxy Statement and the accompanying proxy card are first being released to stockholders on or about April 18, 2024. In add

View Full Filing

View this DEF 14A filing on SEC EDGAR