Ares Capital Corporation Announces Special Meeting of Stockholders

TL;DR

<b>Ares Capital Corporation is holding a virtual Special Meeting of Stockholders on August 8, 2024, for eligible shareholders.</b>

AI Summary

ARES CAPITAL CORP (ARCC) filed a Proxy Statement (DEF 14A) with the SEC on May 16, 2024. Ares Capital Corporation (ARCC) will hold a Special Meeting of Stockholders virtually on August 8, 2024, at 2:00 p.m. Eastern Time. Stockholders of record as of May 13, 2024, are eligible to attend and vote. The meeting will be accessible via www.virtualshareholdermeeting.com/ARCC2024SM. Stockholders can submit questions in advance or live during the meeting. Technical support will be available 15 minutes prior to and through the conclusion of the meeting.

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 regardless of location. The meeting provides a platform for stockholders to engage directly with the company, ask questions, and vote on important matters.

Risk Assessment

Risk Level: low — ARES CAPITAL CORP shows low risk based on this filing. The filing is a routine proxy statement for a special meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Stockholders should review the proxy materials to understand the agenda for the special meeting and ensure they are prepared to participate or vote.

Key Numbers

• 2024-08-08 — Special Meeting Date (Special Meeting of Stockholders)
• 2024-05-13 — Record Date (Stockholders of record as of this date are eligible)
• 2:00 p.m. Eastern Time — Meeting Time (Special Meeting of Stockholders)

Key Players & Entities

• ARES CAPITAL CORP (company) — Registrant
• August 8, 2024 (date) — Date of Special Meeting
• May 13, 2024 (date) — Record date for Special Meeting
• www.virtualshareholdermeeting.com/ARCC2024SM (url) — Virtual Meeting Access
• 245 PARK AVENUE, 44TH FLOOR (address) — Company Business Address
• New York (location) — Company Business Address City
• NY (location) — Company Business Address State
• 10167 (postal_code) — Company Business Address Zip

FAQ

Industry Context

Ares Capital Corporation is a business development company (BDC) that provides capital to U.S. companies. This filing is a standard proxy statement for a shareholder meeting.

Regulatory Implications

This filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on the agenda of the Special Meeting.
2. Ensure eligibility and access credentials for the virtual meeting on August 8, 2024.
3. Prepare any pertinent questions for the company in advance of the meeting.

Year-Over-Year Comparison

This is a Definitive Proxy Statement (DEF 14A) filed on May 16, 2024, for a special meeting scheduled for August 8, 2024. It does not contain financial performance data compared to a previous filing.

Key Financial Figures

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

Filing Documents

• tm2412698-3_def14a.htm (DEF 14A) — 484KB
• lg_arescapitalcorp-4c.jpg (GRAPHIC) — 14KB
• lg_kirklandellisllp-bwlr.jpg (GRAPHIC) — 5KB
• px_24arescapproxy1pg01-bw.jpg (GRAPHIC) — 209KB
• px_24arescapproxy1pg02-bw.jpg (GRAPHIC) — 271KB
• sg_joshuambloom-bw.jpg (GRAPHIC) — 5KB
• sg_michaeljarougheti-bw.jpg (GRAPHIC) — 4KB
• 0001104659-24-062572.txt (&nbsp;) — 1128KB

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS The following table sets forth, as of May 13, 2024 (unless otherwise noted), the number of shares of the Company's common stock beneficially owned by each of its current directors and named executive officers, all directors, executive officers and certain other officers as a group and certain beneficial owners, according to information furnished to the Company by such persons or publicly available filings. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission (the "Commission") and includes voting or investment power with respect to the securities. Ownership information for those persons who beneficially own 5% or more of the outstanding shares of the Company's common stock is based upon Schedule 13D, Schedule 13G or other filings by such persons with the Commission and other information obtained from such persons. To the Company's knowledge, as of May 13, 2024, there were no persons that owned 5% or more of the outstanding shares of the Company's common stock. Except as otherwise noted below, each person named in the following table has sole voting and investment power with respect to all shares of the Company's common stock that he or she beneficially owns. The address for Michael J Arougheti, Joshua M. Bloomstein, R. Kipp deVeer, Mitchell Goldstein, Jana Markowicz and Michael L. Smith is c/o Ares Capital Corporation, 245 Park Avenue, 44th Floor, New York, New York 10167. The address for Lisa Morgan and Penni F. Roll is c/o Ares Capital Corporation, 4300 Wilson Blvd, Suite 260, Arlington, VA 22203. The address for each of the other directors, executive officers and certain other officers is c/o Ares Capital Corporation, 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067. Name of Beneficial Owner Amount and Nature of Beneficial Percent of Class (1) Directors and Named Executive Officers: Interested Dir