Kayne Anderson BDC (KBDC) investors elect directors, ratify PwC for 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Kayne Anderson BDC, Inc. held its 2026 Annual Meeting of Stockholders on June 11, 2026, where all proposals were approved. Stockholders elected Albert (Al) Rabil III and Susan C. Schnabel as directors for three-year terms ending at the 2029 annual meeting.
Rabil received 41,616,226 votes for and 259,190 against, while Schnabel received 40,815,781 votes for and 1,060,128 against, with relatively few abstentions and broker non-votes. Stockholders also ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 66,433,297 shares
Shares represented: 42,356,179 shares
Votes for Rabil: 41,616,226 for / 259,190 against
+3 more
6 metrics
Shares outstanding
66,433,297 shares
Common stock outstanding as of April 13, 2026 record date
Shares represented
42,356,179 shares
Shares represented by proxy at 2026 annual meeting, constituting a quorum
Votes for Rabil
41,616,226 for / 259,190 against
Election of Albert (Al) Rabil III as director
Votes for Schnabel
40,815,781 for / 1,060,128 against
Election of Susan C. Schnabel as director
Auditor ratification for votes
42,074,039 for
Ratification of PricewaterhouseCoopers LLP for fiscal year ending December 31, 2026
Auditor ratification against
264,230 against / 17,910 abstain
Stockholder vote on PricewaterhouseCoopers LLP
Key Terms
record date, quorum, broker non-votes, independent registered public accounting firm
4 terms
record date financial
"As of April 13, 2026, the record date for the Annual Meeting, there were 66,433,297 shares of common stock outstanding"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
quorum regulatory
"A total of 42,356,179 shares of common stock of the Company were represented by proxy at the Annual Meeting, constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
broker non-votes regulatory
"The following votes were taken in connection with this proposal ... Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"To ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
FAQ
What did Kayne Anderson BDC (KBDC) stockholders approve at the 2026 annual meeting?
Stockholders approved all proposals, including electing Albert (Al) Rabil III and Susan C. Schnabel as directors and ratifying PricewaterhouseCoopers LLP as independent auditor for the fiscal year ending December 31, 2026. Each item received the requisite level of support.
What were the voting results for Kayne Anderson BDC director Albert (Al) Rabil III?
Albert (Al) Rabil III received 41,616,226 votes for, 259,190 votes against, 48,325 abstentions and 432,438 broker non-votes. This support level was enough for his election to a three-year board term ending at the 2029 annual meeting.
How did Kayne Anderson BDC stockholders vote on director Susan C. Schnabel?
Susan C. Schnabel received 40,815,781 votes for, 1,060,128 votes against, 47,832 abstentions and 432,438 broker non-votes. These results secured her election as a director for a three-year term running until the 2029 annual meeting of stockholders.
Did Kayne Anderson BDC (KBDC) ratify its independent auditor for 2026?
Yes. Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 42,074,039 votes for, 264,230 votes against and 17,910 abstentions, and no broker non-votes recorded.
What was the record date for voting at Kayne Anderson BDC’s 2026 annual meeting?
The record date for determining stockholders entitled to vote at the 2026 Annual Meeting was April 13, 2026. On that date, 66,433,297 shares of Kayne Anderson BDC common stock were outstanding, and each share was entitled to cast one vote.