Every 8-K that STELLUS CAPITAL INVESTMENT CORPORATION (SCM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SCM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SCM filings page.
Stellus Capital Investment Corporation reported preliminary second-quarter 2026 results, including estimated U.S. GAAP net investment income of $0.25–$0.27 per share and net asset value of $12.76–$12.84 per share as of June 30, 2026. NAV per share rose $0.22–$0.30, or 1.8%–2.4%, from $12.54 as of March 31, 2026, driven mainly by net fair value appreciation and the accretive impact of equity repurchases, partly offset by dividends exceeding NII per share. The company estimates it generated an annualized return on equity of more than 17% for the quarter.
During the quarter, Stellus funded approximately $18 million of investments and received about $49 million of repayments, ending with a portfolio of $965–$975 million at fair value. Investments on non-accrual status comprised 5.4% of the portfolio at fair value and 8.5% at cost, with one portfolio company returning to accrual status and no new non-accrual additions.
Stellus received a U.S. Small Business Administration license for its third SBIC, allowing contribution of $125 million of equity and borrowings of up to $250 million in SBA‑guaranteed debentures, within a $475 million family-of-funds limit. The company repurchased 274,343 shares at a weighted average price of $8.88, for about $2.4 million, leaving approximately $17.6 million available under its $20.0 million program, expected to remain in effect until the earlier of March 2, 2027 or full utilization. Full second-quarter results are expected on August 10, 2026, with a conference call on August 11, 2026.
Stellus Capital Investment Corporation entered into a new investment advisory agreement with Stellus Capital Management, LLC effective June 22, 2026. The new agreement keeps all economic terms and fee calculations identical to the prior 2012 advisory agreement, changing mainly the date and term.
The agreement runs for an initial two-year period from June 22, 2026, and can continue year-to-year if approved annually by the board or a majority of outstanding voting securities, and by a majority of independent directors, consistent with 1940 Act requirements. It became effective upon the closing of Ridgepost Capital, LLC’s acquisition of Stellus Capital Management, which constituted a change in control of the advisor.
Stellus Capital Investment Corporation reported results of its June 16, 2026 Annual Meeting of Stockholders. As of the April 15, 2026 record date, 28,947,255 common shares were eligible to vote, and 15,974,326 shares were represented in person or by proxy.
Stockholders elected Bruce R. Bilger to a three-year term as director, with 13,650,012 votes for and 2,122,882 votes withheld. They also approved a new investment advisory agreement between the company and Stellus Capital Management, LLC, with 14,244,374 votes for, 721,794 against, and 806,722 abstentions.
Stellus Capital Investment Corporation reported that its external investment adviser, Stellus Capital Management, agreed to be acquired by an affiliate of P10, Inc.. The adviser’s current partners will continue to run day-to-day operations, including investment decisions and investment committee processes, and will remain the Company’s external adviser.
Because the acquisition constitutes a change of control under the Investment Company Act of 1940, the existing investment advisory agreement will automatically terminate at closing. The Board of Directors and stockholders will be asked to approve a new advisory agreement with Stellus Capital Management, which is expected to have terms consistent with the current agreement other than the initial term. Closing is expected in the middle of 2026, subject to customary conditions.
Stellus Capital Investment Corporation plans to fully retire its remaining 4.875% Notes due 2026. The company previously redeemed 50% of this issue, or $50,000,000 aggregate principal amount, on September 30, 2025. It now intends to redeem 100% of the remaining 2026 Notes, or another $50,000,000 aggregate principal amount, on December 31, 2025, the stated redemption date. The redemption price will equal 100% of the aggregate principal amount being redeemed plus accrued and unpaid interest for the current quarterly interest period up to, but excluding, the redemption date.
Stellus Capital Investment Corporation completed a $50 million offering of 7.250% Notes due 2030, issued as an additional series under its existing indenture. The sale generated total proceeds of $50,648,000 before underwriting discounts and expenses and increases the outstanding principal of this note series to $125,000,000.
The notes pay 7.250% interest semi-annually starting October 1, 2025, mature on April 1, 2030, and rank as the company’s direct unsecured, unsubordinated debt, alongside its existing 4.875% Notes due 2026. Stellus may redeem the notes at a make-whole premium before October 1, 2029, and at par thereafter, and must offer to repurchase them at 100% of principal if a defined change of control event occurs. The company expects to use the net proceeds to repay a portion of its 2026 notes.
Stellus Capital Investment Corporation has amended its senior secured revolving credit facility, increasing total lender commitments from $315 million to $335 million and raising the accordion feature cap from $350 million to $365 million. The amendment extends the Commitment Termination Date to September 11, 2029 and the Final Maturity Date to September 11, 2030, lengthening the life of this key funding source.
The company also reduced borrowing costs, setting the applicable margin on Eurocurrency, SOFR and SONIA loans to a range of 2.25% to 2.50%, and on ABR and Canadian Prime Rate loans to a range of 1.25% to 1.50%. In addition, the amendment removes credit spread adjustments and updates certain borrowing base and financial covenant calculations, refining how much the company can draw and on what terms.
Stellus Capital Investment Corporation entered into an equity distribution agreement with Keefe, Bruyette & Woods and Raymond James to establish an at-the-market stock offering program. The company may issue and sell from time to time up to $100,000,000 in aggregate offering price of its common shares through these firms as sales agents or to them as principal.
The company plans to use any net proceeds from this at-the-market program to repay outstanding indebtedness and to make investments in portfolio companies consistent with its investment objective and strategies. The sales agents will receive a 1.5% commission on the gross sales price of any shares sold, plus reimbursement of certain expenses. Sales will be made under an effective shelf registration statement on Form N-2 and related prospectus materials.
Stellus Capital Investment Corporation (SCM) reported a material event on an 8-K indicating it filed a notice of redemption for its 4.875% Notes due 2026. The filing lists Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) and identifies Exhibit 99.1 as the "Notice of Redemption of 4.875% Notes due 2026." The document provides the exhibit description but does not include the full redemption terms, timing, payment amounts, or source of funds within the text provided here.
Stellus Capital Investment Corporation (NYSE: SCM) disclosed the results of its 17 June 2025 Annual Meeting in an 8-K filed on 20 June 2025 (Item 5.07).
Voting participation: 15,187,040 of 28,416,148 eligible shares (≈53.4%) were represented in person or by proxy.
Proposal 1 – Election of Directors:
- Dean D’Angelo: 14,468,514 FOR / 718,526 WITHHELD (≈95.3% support)
- William C. Repko: 13,693,643 FOR / 1,493,396 WITHHELD (≈90.2% support)
Both nominees were elected for three-year terms expiring at the 2028 Annual Meeting.
Proposal 2 – Authorization to Issue Shares Below NAV: Shareholders approved permitting the Board to sell or issue up to 25 % of outstanding common stock at prices below the then-current net asset value (NAV) per share.
- All shareholders: 11,161,327 FOR (≈70.2%), 3,306,930 AGAINST, 718,771 ABSTAIN
- Non-affiliate shareholders: 10,028,907 FOR, 3,306,930 AGAINST, 718,771 ABSTAIN
The authorization provides the company with added financing flexibility typical for Business Development Companies (BDCs) but could be dilutive if executed.
No other matters were brought before the meeting, and no financial performance data were presented in this filing.