Stellus Private Credit BDC 8-K

What Happened

• Stellus Private Credit BDC filed an 8‑K (Item 5.07) on June 17, 2026 reporting that shareholders at a Special Meeting on June 16, 2026 approved a new investment advisory agreement with Stellus Private BDC Advisor, LLC.
• The Company’s proxy statement describing the proposal was dated April 16, 2026; the record date for the meeting was April 15, 2026.

Key Details

• Record date (eligible to vote): 12,973,271 common shares.
• Shares voted (in person or by proxy): 10,314,546.
• Vote outcome: Proposal approved unanimously — 10,314,546 votes FOR, 0 votes AGAINST, 0 abstentions.
• Proposal approved: Adoption of the new investment advisory agreement between the Company and Stellus Private BDC Advisor, LLC.

Why It Matters

• Approval of the new investment advisory agreement determines who manages the Fund’s investment activities and under what terms, which can affect management fees, strategy execution, and operational oversight.
• The unanimous shareholder vote shows clear investor support for the change as presented in the Company’s proxy materials.