UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported): June 11, 2018 (June
8, 2018)
New Mountain Finance Corporation
(Exact
name of registrant as specified in its charter)
Delaware | 814-00832 | 27-2978010 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification Number) |
787 7th
Avenue, 48th
Floor, New York, NY 10019
(Address of principal executive
offices)
Registrant’s telephone number, including area code (212) 720-0300
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
§240.12b-2).
Emerging growth company ⃞
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.
New Mountain Finance Corporation (“NMFC” or the “Company”) held a Special Meeting of Stockholders on June 8, 2018 (the “Special Meeting”) and submitted one (1) matter to the vote of stockholders.
Stockholders of NMFC approved of NMFC becoming subject to a minimum
asset coverage ratio of at least 150%, permitting the Company to double
its amount of debt incurrence based on the following votes:
For | Against | Abstained | Broker Non-Votes |
28,251,821 |
13,809,151 |
271,994 |
- |
NMFC previously announced that its board of directors (the “Board”), including a “required majority” (as such term is defined in Section 57(o) of the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Board, approved the application to NMFC of the modified asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act, as amended by the Small Business Credit Availability Act, which would have become effective April 12, 2019. However, as a result of the stockholder approval at the Special Meeting, effective June 9, 2018, the asset coverage ratio under the 1940 Act applicable to NMFC was decreased from 200% to 150%, permitting NMFC to incur additional leverage.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the Registrants have duly
caused this Current Report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
NEW MOUNTAIN FINANCE CORPORATION | ||
|
||
Date: June 11, 2018 |
By: |
/s/ Karrie J. Jerry |
Name: Karrie J. Jerry |
||
Title: Corporate Secretary |