[8-K] FS KKR Capital Corp. Reports Material Event
FS KKR Capital Corp. (FSK) disclosed a material corporate governance proposal filed on Form 8-K concerning a shareholder vote item labeled Proposal No. 2. The proposal would authorize the company to sell its common shares in future offerings at prices below net asset value per share to provide pricing flexibility. The filing also notes written and soliciting communications made under federal securities rules referenced in the filing.
FS KKR Capital Corp. (FSK) ha comunicato una proposta significativa di governance aziendale presentata tramite Form 8-K riguardante un punto di voto degli azionisti etichettato Proposta n. 2. La proposta autorizzerebbe la società a vendere le proprie azioni ordinarie in future offerte a prezzi al di sotto del valore patrimoniale netto per azione per fornire flessibilità sui prezzi. La documentazione segnala anche comunicazioni scritte e di sollecitazione effettuate ai sensi delle norme federali sui titoli menzionate nel documento.
FS KKR Capital Corp. (FSK) divulgó una propuesta material de gobernanza corporativa presentada en el Formulario 8-K concerniente a un punto de voto de los accionistas etiquetado Propuesta No. 2. La propuesta autorizaría a la empresa a vender sus acciones ordinarias en futuras colocaciones a precios por debajo del valor neto por acción para proporcionar flexibilidad de fijación de precios. El expediente también señala comunicaciones escritas y de solicitud efectuadas conforme a las reglas federales de valores a las que hace referencia el documento.
FS KKR Capital Corp. (FSK)은 Form 8-K에 제출된 중요한 기업 지배구조 제안을 공개했습니다. 주주 의결 항목으로 표기된 제안 번호 2에 관한 것입니다. 이 제안은 향후 발행에서 보통주를 주당 순자산가치(NAV) 이하의 가격으로 매각할 수 있도록 하여 가격 책정의 유연성을 제공하는 것을 승인합니다. 또한 보고서는 보고서에 언급된 연방 증권 규칙에 따라 작성되었고 요구된 서면 및 유도 커뮤니케이션을 언급합니다.
FS KKR Capital Corp. (FSK) a dévoilé une proposition importante de gouvernance d'entreprise déposée sur le Formulaire 8-K concernant un point de vote des actionnaires intitulé Proposition n° 2. La proposition autoriserait la société à vendre ses actions ordinaires dans de futures augmentations d'émission à des prix inférieurs à la valeur nette par action afin de fournir une flexibilité de tarification. Le dossier mentionne également des communications écrites et de sollicitation effectuées en vertu des règles fédérales sur les valeurs mobilières référencées dans le dossier.
FS KKR Capital Corp. (FSK) hat einen wesentlichen Vorschlag zur Unternehmensführung offengelegt, der im Formblatt 8-K enthalten ist und sich auf einen Punkt der Abstimmung der Aktionäre bezieht, bezeichnet als Vorschlag Nr. 2. Der Vorschlag würde dem Unternehmen ermöglichen, seine Stammaktien in zukünftigen Platzierungen zu Preisen unter dem Nettovermögen je Aktie zu verkaufen, um Preisgestaltungsflexibilität zu bieten. Die Einreichung verweist außerdem auf schriftliche und ausgehende Mitteilungen, die gemäß den im Antrag genannten bundesweiten Wertpapierregeln gemacht wurden.
FS KKR Capital Corp. (FSK) كشفت عن اقتراح حوكمة الشركات ذات طبيعة مادية مقدم في النموذج 8-K بخصوص بند تصويت المساهمين المسّمى المقترح رقم 2. سيخوّل المقترح الشركة بيع أسهمها العادية في العروض المستقبلية بأسعار أقل من صافي قيمة الأصول للسهم لتوفير مرونة في التسعير. كما يلاحظ أن الاتصالات المكتوبة والجهات المعنية بالاستدعاء تمت وفقاً لقواعد الأوراق المالية الفدرالية المشار إليها في الملف.
FS KKR Capital Corp.（FSK）披露了一项重要的公司治理提案，该提案通过表格8-K提交，涉及股东投票事项，标记为提案编号2。该提案将授权公司在未来的发行中以低于每股净资产价值的价格出售其普通股，以提供定价灵活性。该 filing 还指出在文件中引用的联邦证券规则下所作的书面及征求性沟通。
- Provides pricing flexibility by authorizing sales below net asset value per share
- Formal communications cited under Rule 425 and Rule 14a-12 indicate the company is following solicitation protocols
- Potential NAV dilution if shares are sold below net asset value in sizeable offerings
- No vote outcome disclosed; shareholder approval status and implementation details are not included
Insights
TL;DR: Proposal would allow share sales below NAV, adding execution flexibility but raising dilution concerns.
The proposal explicitly permits future offerings where shares may be sold at prices below net asset value per share, which increases the company's ability to adjust offering price to market demand and capital needs. That mechanism is typically used to complete financings when market prices trade below reported NAV.
Primary dependencies include board approval, shareholder vote on the proposal, and future market conditions that would make below-NAV pricing necessary. If approved and used, shareholders should monitor offering sizes and timing because sales below NAV can reduce NAV per share if large relative to the fund's asset base.
TL;DR: Filing references Rule 425 and soliciting material rules, indicating formal communications around this proposal.
The disclosure cites written communications under Rule 425 and soliciting material under Rule 14a-12, plus pre-commencement communications rules for tender/derivative transactions, signaling that authorized outreach to investors has occurred consistent with federal proxy/tender rules.
Investors should note that these citations reflect compliance steps for distributing solicitation materials; the filing does not state the shareholder vote outcome or whether the company has yet used the authority described.
FS KKR Capital Corp. (FSK) ha comunicato una proposta significativa di governance aziendale presentata tramite Form 8-K riguardante un punto di voto degli azionisti etichettato Proposta n. 2. La proposta autorizzerebbe la società a vendere le proprie azioni ordinarie in future offerte a prezzi al di sotto del valore patrimoniale netto per azione per fornire flessibilità sui prezzi. La documentazione segnala anche comunicazioni scritte e di sollecitazione effettuate ai sensi delle norme federali sui titoli menzionate nel documento.
FS KKR Capital Corp. (FSK) divulgó una propuesta material de gobernanza corporativa presentada en el Formulario 8-K concerniente a un punto de voto de los accionistas etiquetado Propuesta No. 2. La propuesta autorizaría a la empresa a vender sus acciones ordinarias en futuras colocaciones a precios por debajo del valor neto por acción para proporcionar flexibilidad de fijación de precios. El expediente también señala comunicaciones escritas y de solicitud efectuadas conforme a las reglas federales de valores a las que hace referencia el documento.
FS KKR Capital Corp. (FSK)은 Form 8-K에 제출된 중요한 기업 지배구조 제안을 공개했습니다. 주주 의결 항목으로 표기된 제안 번호 2에 관한 것입니다. 이 제안은 향후 발행에서 보통주를 주당 순자산가치(NAV) 이하의 가격으로 매각할 수 있도록 하여 가격 책정의 유연성을 제공하는 것을 승인합니다. 또한 보고서는 보고서에 언급된 연방 증권 규칙에 따라 작성되었고 요구된 서면 및 유도 커뮤니케이션을 언급합니다.
FS KKR Capital Corp. (FSK) a dévoilé une proposition importante de gouvernance d'entreprise déposée sur le Formulaire 8-K concernant un point de vote des actionnaires intitulé Proposition n° 2. La proposition autoriserait la société à vendre ses actions ordinaires dans de futures augmentations d'émission à des prix inférieurs à la valeur nette par action afin de fournir une flexibilité de tarification. Le dossier mentionne également des communications écrites et de sollicitation effectuées en vertu des règles fédérales sur les valeurs mobilières référencées dans le dossier.
FS KKR Capital Corp. (FSK) hat einen wesentlichen Vorschlag zur Unternehmensführung offengelegt, der im Formblatt 8-K enthalten ist und sich auf einen Punkt der Abstimmung der Aktionäre bezieht, bezeichnet als Vorschlag Nr. 2. Der Vorschlag würde dem Unternehmen ermöglichen, seine Stammaktien in zukünftigen Platzierungen zu Preisen unter dem Nettovermögen je Aktie zu verkaufen, um Preisgestaltungsflexibilität zu bieten. Die Einreichung verweist außerdem auf schriftliche und ausgehende Mitteilungen, die gemäß den im Antrag genannten bundesweiten Wertpapierregeln gemacht wurden.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of Registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including
area code: (
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) |
Name of each exchange | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
FS KKR Capital Corp. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) on June 18, 2025. On June 18, 2025, the Company adjourned the Annual Meeting with respect to the Share Issuance Proposal (as defined below) to permit additional time to solicit stockholder votes for such proposal. The reconvened meeting (the “Reconvened Meeting”) was held on August 15, 2025. As of April 23, 2025, the record date (the “Record Date”) for the determination of stockholders entitled to notice of, and to vote at, the Reconvened Meeting, 280,066,432.663 shares of common stock were eligible to be voted in person or by proxy. Of the eligible shares of common stock to be voted, 140,529,598 were voted in person or by proxy at the Reconvened Meeting.
Stockholders were asked to consider and act upon the following proposal, which was described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2025:
| · | Proposal No. 2 – to approve a proposal to allow the Company in future offerings to sell its shares below net asset value per share in order to provide flexibility for future sales (the “Share Issuance Proposal”). |
The Share Issuance Proposal was approved by the Company’s stockholders at the Reconvened Meeting. The votes for, votes against, abstentions and broker non-votes are set below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||
| 102,716,596 | 28,612,910 | 9,200,092 | (0) | |||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FS KKR Capital Corp. | ||
| Date: August 15, 2025 | By: | /s/ Stephen Sypherd |
| Stephen Sypherd | ||
| General Counsel | ||
FAQ
What does Proposal No. 2 for FSK propose?
Has the shareholder vote on Proposal No. 2 been reported?
What federal rules are cited in the filing for communications?
How might selling shares below NAV affect existing shareholders of FSK?
Does the filing include financial tables or transaction amounts?
