Gladstone Capital Corp (GLAD) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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Gladstone Capital Corporation held a reconvened Special Meeting of Stockholders on January 24, 2024, where stockholders approved a new investment advisory agreement with Gladstone Management Corporation. The proposal’s approval leads to the creation of a voting trust agreement which will hold David Gladstone’s 100% interest in the adviser. The voting trust becomes effective upon David Gladstone’s death, his own election, or after one year, transferring voting rights to the trust’s board. Despite these changes, the Adviser’s senior management will continue their day-to-day operations.
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