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8-K//Current report

PROSPECT CAPITAL CORP 8-K

Accession 0001287032-26-000020

$PSECCIK 0001287032operating

Filed

Jan 14, 7:00 PM ET

Accepted

Jan 15, 4:15 PM ET

Size

192.0 KB

Accession

0001287032-26-000020

Research Summary

AI-generated summary of this filing

Updated

Prospect Capital Corp Re‑elects Two Directors at 2026 Annual Meeting

What Happened
Prospect Capital Corporation (PSEC) filed an 8-K on January 15, 2026 reporting results from its virtual Annual Meeting of Stockholders. Stockholders elected John F. Barry III and Eugene S. Stark as Class III directors; both will serve until the 2028 annual meeting or until their successors are elected. The company reported final vote totals for each nominee as part of the filing.

Key Details

  • Annual Meeting held January 15, 2026; definitive proxy previously filed with the SEC on September 18, 2025.
  • Common shares outstanding (as of Sept. 17, 2025): 465,087,009; each common share carries one vote. Multiple series of preferred stock were also outstanding and entitled to vote.
  • Director vote totals reported:
    • John F. Barry III — For: 290,642,900; Against: 35,895,501; Abstained: 8,645,708.
    • Eugene S. Stark — For: 35,341,298; Against: 1,357,087; Abstained: 2,303,961.
  • Both directors re-elected as Class III directors to serve until the 2028 annual meeting (or until earlier resignation, removal, death or incapacity).

Why It Matters
Board elections affect corporate governance and oversight. Re-election of these two Class III directors maintains continuity on Prospect Capital’s board through 2028, which can influence strategy, risk oversight and dividend/payout policies investors watch in business development companies (BDCs). The filing provides vote transparency and confirms the company’s governance outcome without indicating any immediate change to management or strategy.