Blue Owl Capital Corp. Invites Shareholders to 2024 Annual Meeting
Ticker: OBDC · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 1655888
Sentiment: bullish
Topics: Annual Meeting, Proxy Statement, Shareholder Vote, KPMG LLP, Dividend
TL;DR
<b>Blue Owl Capital Corporation announces its 2024 annual shareholder meeting, highlighting record 2023 performance and key voting proposals.</b>
AI Summary
Blue Owl Capital Corp (OBDC) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. Blue Owl Capital Corporation (OBDC) will hold its 2024 annual meeting of shareholders virtually on June 21, 2024, at 9:00 a.m. Eastern Time. The agenda includes votes to re-elect two Board members and re-ratify the appointment of KPMG LLP as the independent registered public accounting firm. In 2023, the company achieved its highest annual net investment income per share and highest net asset value per share. Total distributions to shareholders in 2023 were $1.59 per share, resulting in a total return to investors of over 40%. The regular dividend was raised twice during 2023, reflecting confidence in the portfolio and future earnings.
Why It Matters
For investors and stakeholders tracking Blue Owl Capital Corp, this filing contains several important signals. Shareholders are asked to vote on the re-election of directors and the ratification of KPMG LLP as auditors, which are standard governance procedures. The company's strong 2023 performance, including a 40% total return and dividend increases, sets a positive tone for future shareholder value.
Risk Assessment
Risk Level: low — Blue Owl Capital Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting with standard proposals, indicating no immediate or significant new risks.
Analyst Insight
Shareholders should review the proposals for director re-election and auditor ratification and vote accordingly to ensure continued corporate governance.
Key Numbers
- 2024-06-21 — Annual Meeting Date (2024 annual meeting of shareholders)
- 9:00 — Meeting Time (9:00 a.m. Eastern Time)
- 2023 — Record Year (Record year in 2023)
- $1.59 — Distributions per Share (Total distributions of $1.59 per share to shareholders in 2023)
- 40% — Total Return (Total return to investors of over 40% in 2023)
Key Players & Entities
- Blue Owl Capital Corp (company) — Registrant
- OBDC (company) — Abbreviation for Blue Owl Capital Corporation
- KPMG LLP (company) — Independent registered public accounting firm
- June 21, 2024 (date) — Date of the annual meeting
- 2023 (date) — Year of record performance
- $1.59 (dollar_amount) — Total distributions per share in 2023
- 40% (percentage) — Total return to investors in 2023
- 2024 (date) — Year of the annual meeting
FAQ
When did Blue Owl Capital Corp file this DEF 14A?
Blue Owl Capital Corp filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Blue Owl Capital Corp (OBDC).
Where can I read the original DEF 14A filing from Blue Owl Capital Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Blue Owl Capital Corp.
What are the key takeaways from Blue Owl Capital Corp's DEF 14A?
Blue Owl Capital Corp filed this DEF 14A on March 28, 2024. Key takeaways: Blue Owl Capital Corporation (OBDC) will hold its 2024 annual meeting of shareholders virtually on June 21, 2024, at 9:00 a.m. Eastern Time.. The agenda includes votes to re-elect two Board members and re-ratify the appointment of KPMG LLP as the independent registered public accounting firm.. In 2023, the company achieved its highest annual net investment income per share and highest net asset value per share..
Is Blue Owl Capital Corp a risky investment based on this filing?
Based on this DEF 14A, Blue Owl Capital Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting with standard proposals, indicating no immediate or significant new risks.
What should investors do after reading Blue Owl Capital Corp's DEF 14A?
Shareholders should review the proposals for director re-election and auditor ratification and vote accordingly to ensure continued corporate governance. The overall sentiment from this filing is bullish.
Risk Factors
- Proxy Statement Filing [low — regulatory]: The filing is a standard DEF 14A proxy statement, indicating compliance with SEC reporting requirements for annual meetings.
Key Dates
- 2024-06-21: 2024 Annual Meeting of Shareholders — Shareholders will vote on director re-elections and auditor ratification.
- 2024-03-28: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Filing Stats: 4,699 words · 19 min read · ~16 pages · Grade level 11.7 · Accepted 2024-03-28 16:00:29
Key Financial Figures
- $1.59 — per share, and distributing a total of $1.59 per share to our shareholders, the most
- $84.6 billion — sk management capabilities of Blue Owls $84.6 billion 2 credit platform. As of year-end, the
- $200 million — rage EBITDA of OBDCs borrowers was over $200 million 3 , and we believe this scale provides
- $8 billion — th quarter of last year, deploying over $8 billion across the Blue Owl direct lending busi
- $0.01 — of the Companys common stock, par value $0.01 per share held as of the Record Date.
- $44,000 — ompany is estimated to be approximately $44,000 plus reasonable out-of-pocket expenses.
- $15,000 — at an anticipated cost of approximately $15,000 plus reimbursement of certain out-of-po
Filing Documents
- d753638ddef14a.htm (DEF 14A) — 524KB
- g753638g01a01.jpg (GRAPHIC) — 400KB
- g753638g01g01.jpg (GRAPHIC) — 36KB
- g753638g01g06.jpg (GRAPHIC) — 35KB
- g753638g01g09.jpg (GRAPHIC) — 37KB
- g753638g01g12.jpg (GRAPHIC) — 38KB
- g753638g02t37.jpg (GRAPHIC) — 57KB
- g753638g06b54.jpg (GRAPHIC) — 58KB
- g753638g06m06.jpg (GRAPHIC) — 60KB
- g753638g07m01.jpg (GRAPHIC) — 65KB
- g753638g07m02.jpg (GRAPHIC) — 66KB
- g753638g08m01.jpg (GRAPHIC) — 66KB
- g753638g08m02.jpg (GRAPHIC) — 66KB
- g753638g09g09.jpg (GRAPHIC) — 172KB
- g753638g10g10.jpg (GRAPHIC) — 307KB
- g753638g14014.jpg (GRAPHIC) — 66KB
- g753638g16s62.jpg (GRAPHIC) — 59KB
- g753638g18m18.jpg (GRAPHIC) — 68KB
- g753638g23m23.jpg (GRAPHIC) — 38KB
- g753638g39g39.jpg (GRAPHIC) — 19KB
- g753638g40a01.jpg (GRAPHIC) — 39KB
- g753638g40a02.jpg (GRAPHIC) — 48KB
- g753638g40p39.jpg (GRAPHIC) — 18KB
- g753638g65e55.jpg (GRAPHIC) — 58KB
- g753638g69o07.jpg (GRAPHIC) — 68KB
- g753638g72v47.jpg (GRAPHIC) — 57KB
- g753638g79i27.jpg (GRAPHIC) — 21KB
- g753638g88o03.jpg (GRAPHIC) — 4KB
- g753638g90v60.jpg (GRAPHIC) — 49KB
- g753638g97w31.jpg (GRAPHIC) — 58KB
- g753638g98t91.jpg (GRAPHIC) — 38KB
- 0001193125-24-080550.txt ( ) — 3484KB
Security Ownership of Management and Certain Beneficial
Security Ownership of Management and Certain Beneficial 7 The Adviser and the Administrator 8 Proposal 1: Election of Directors 9 Required Vote 9 Information about the Nominees and Directors 9 Dollar Range of Equity Securities Beneficially Owned by Directors 17 Information about Executive Officers Who Are Not Directors 17 Corporate Governance 20 The Board 20 Committees of the Board 22 Audit Committee Governance, Responsibilities and Meetings 22 Nominating Committee Governance, Responsibilities and Meetings 22 Director Nominations 23 Compensation Committee Governance, Responsibilities and Meetings 24 Compensation Committee Interlocks and Insider Participation 24 Compensation Discussion and Analysis 24 Director Compensation 25 Compensation of the Investment Adviser 26 Certain Relationships and Related Party Transactions 27 Allocation of Investment Opportunities 28 Review, Approval or Ratification of Transactions with Related Persons 29 Section 16(a) Beneficial Ownership Reporting Compliance 29 Code of Business Conduct 30 Hedging, Speculative Trading, and Pledging of Securities 30 Corporate Governance Guidelines 30 Corporate Sustainability 30 Investing Responsibly 30 Diversity, Equity and Inclusion 30 Citizenship 31 Election of Officers 31 License Agreement 32 Material Non-Public Information 32 Required Vote 32 Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm 33 Fees 33 Pre-Approval Policies and Procedures 33 Audit Committee Report 34 Required Vote 35 Other Matters to Come Before the Annual Meeting 36 Submission of Shareholder Proposals 36 Householding 36 Available Information 36 2024 Proxy Statement Table of Contents Proxy Statement Summary The summary highlights information that is contained elsewhere in this Proxy Statement. You should carefully re