Ares Capital Corporation Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Ares Capital Corporation will hold its 2024 Annual Meeting virtually on May 10, 2024, with key votes on director elections and auditor ratification.</b>

AI Summary

ARES CAPITAL CORP (ARCC) filed a Proxy Statement (DEF 14A) with the SEC on March 8, 2024. The 2024 Annual Meeting of Stockholders for Ares Capital Corporation (ARCC) will be held virtually on May 10, 2024. Stockholders of record as of March 5, 2024, are eligible to attend and vote. Key agenda items include the election of three directors and ratification of KPMG LLP as the independent registered public accounting firm. Shareholders can submit questions in advance or live during the meeting. The company urges stockholders to submit their proxy votes by mail, telephone, or internet.

Why It Matters

For investors and stakeholders tracking ARES CAPITAL CORP, this filing contains several important signals. The virtual format allows for broader participation and accessibility for stockholders. The election of directors and ratification of the auditor are critical governance decisions for the company and its shareholders.

Risk Assessment

Risk Level: low — ARES 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 changes indicated.

Analyst Insight

Review the director nominees and auditor ratification proposal to make an informed voting decision.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
• May 10 — Annual Meeting Date (to be held virtually on May 10, 2024)
• 10:00 a.m. Eastern Time — Annual Meeting Time (at 10:00 a.m. Eastern Time)
• March 5 — Record Date (Stockholders of record as of the close of business on March 5, 2024)

Key Players & Entities

• ARES CAPITAL CORP (company) — Registrant
• ARCC (company) — Ticker symbol
• May 10, 2024 (date) — Annual Meeting date
• March 5, 2024 (date) — Record date for Annual Meeting
• KPMG LLP (company) — Independent registered public accounting firm
• Michael J Arougheti (person) — Co-Chairman of the Board of Directors

FAQ

Industry Context

Ares Capital Corporation is a business development company (BDC) that primarily invests in the debt and equity of middle-market companies.

Regulatory Implications

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

What Investors Should Do

1. Review the proxy materials for details on director nominees.
2. Evaluate the proposal to ratify KPMG LLP as the independent auditor.
3. Submit your proxy vote by the deadline to ensure your participation.

Key Dates

• 2024-05-10: Annual Meeting of Stockholders — Formal business to be transacted, including director elections and auditor ratification.
• 2024-03-05: Record Date — Determines eligibility to vote at the Annual Meeting.
• 2024-03-08: Filing Date — Date the definitive proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) for the 2024 Annual Meeting, filed on March 8, 2024.

Key Financial Figures

• $0.001 — , the shares of common stock, par value $0.001 per share (the "common stock"), of the
• $7,500 — at an anticipated cost of approximately $7,500, plus reimbursement of certain expenses

Filing Documents

• tm242816-1_def14a.htm (DEF 14A) — 524KB
• lg_arescapitalcorp-4c.jpg (GRAPHIC) — 14KB
• px_aresproxy1pg01-bw.jpg (GRAPHIC) — 226KB
• px_aresproxy1pg02-bw.jpg (GRAPHIC) — 299KB
• sg_bennettrosenthal-bw.jpg (GRAPHIC) — 8KB
• sg_joshuambloom-bw.jpg (GRAPHIC) — 5KB
• sg_michaeljarougheti-bw.jpg (GRAPHIC) — 4KB
• 0001104659-24-032425.txt (&nbsp;) — 1235KB

From the Filing

DEF 14A 1 tm242816-1_def14a.htm DEF 14A tm242816-1_def14a - none - 6.3490165s UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A 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 under 240.14a-12 ARES 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 14a6(i)(1) and 0-11. Ares Capital Corporation 245 Park Avenue, 44 th Floor New York, NY 10167 March 8, 2024 Dear Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Ares Capital Corporation (the "Company") to be held virtually on May 10, 2024 at 10:00 a.m. Eastern Time. You will be able to attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/ARCC2024. Stockholders of record as of the close of business on March 5, 2024, the record date for the Annual Meeting, will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person annual meeting. In particular, stockholders may submit questions in advance of, or live during, the Annual Meeting by following the instructions and rules of conduct on the Annual Meeting website. During the Annual Meeting, the Company intends to answer questions that are pertinent to the Company and the official business of the Annual Meeting, subject to time constraints. The attached Notice of Annual Meeting and Proxy Statement describe the formal business to be transacted at the Annual Meeting. At the meeting, you will be asked to consider and vote upon the election of three directors of the Company and to ratify the selection of KPMG LLP as the Company's independent registered public accounting firm. Your vote is important regardless of the number of shares you own. We urge you to fill out, sign, date and mail the enclosed proxy card or authorize your proxy by telephone or through the Internet as soon as possible even if you currently plan to attend the Annual Meeting. This will not prevent you from voting at the meeting but will assure that your vote is counted if you are unable to attend the meeting. On behalf of your board of directors, thank you for your continued interest and support. Sincerely, Michael J Arougheti Co-Chairman of the Board of Directors Bennett Rosenthal Co-Chairman of the Board of Directors Ares Capital Corporation 245 Park Avenue, 44 th Floor New York, NY 10167 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS ON MAY 10, 2024 To the Stockholders of Ares Capital Corporation: Notice is hereby given that the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Ares Capital Corporation, a Maryland corporation (the "Company"), will be held on May 10, 2024 at 10:00 a.m. Eastern Time for the following purposes: 1. To consider and vote upon the election of three directors to serve until the 2027 annual meeting of stockholders and until their successors are duly elected and qualify; 2. To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024; and 3. To consider and take action upon such other matters as may properly come before the meeting or any adjournment or postponement thereof. The Annual Meeting will be conducted virtually. You will be able to attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/ARCC2024. Stockholders of record as of the close of business on March 5, 2024, the record date for the Annual Meeting, will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person annual meeting. In particular, stockholders may submit questions in advance of, or live during, the Annual Meeting by following the instructions and rules of conduct on the Annual Meeting website. During the Annual Meeting, the Company intends to answer questions that are pertinent to the Company and the official business of the Annual Meeting, subject to time constraints. Only the holders of record of shares of the Company's common stock (NASDAQ: ARCC) at the close of business on March 5, 2024 will be entitled to receive notice of and vote at the meeting. It is important that all stockholders participate in the affairs of the Company, regardless of the number of shares owned. Accordingly,