Form 8-K

 

 

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): May 30, 2012

 

 

Hercules Technology Growth Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Maryland   814-00702   74-3113410

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

400 Hamilton Ave., Suite 310

Palo Alto, CA

   94301
(Address of Principal Executive Offices)   (Zip Code)

(650) 289-3060

(Registrant’s telephone number, including area code)

Not applicable

(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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

On May 30, 2012, Hercules Technology Growth Capital, Inc., a Maryland corporation (the “Company”) held its 2012 Annual Meeting of Stockholders (the “Annual Meeting”). As of the April 10, 2012 record date, 49,721,356 shares of the Company’s common stock were outstanding and entitled to vote. The following matters were submitted at the Annual Meeting to the stockholders for consideration:

 

  1. To elect one director of the Company nominated by the Company’s Board of Directors (the “Board”) and named in the Company’s proxy statement who will serve for three years or until their successors are elected and qualified;

 

  2. To ratify the selection of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012;

 

  3. Advisory vote to approve the Company’s named executive officer compensation;

 

  4. To approve a proposal to authorize the Company, with the approval of the Board, to sell or otherwise issue up to 20% of the Company’s outstanding common stock at a price below the Company’s then current net asset value per share (“NAV”); and

 

  5. To approve a proposal to authorize the Company, with the approval of the Board, to offer and issue debt with warrants or debt convertible into shares of its common stock at an exercise or conversion price that, at the time such warrants or convertible debt are issued, will not be less than the market value per share but may be below the Company’s then current NAV.

Allyn C. Woodward Jr. was elected to serve as a Class II Director until the 2015 annual meeting of stockholders, or until his successors is elected and qualified, and proposals 2, 3, 4 and 5 were approved by the Company’s stockholders. The detailed final voting results of the shares voted with regard to each of these matters are as follows:

 

  1. Election of Class I directors:

 

    

For:

   

Withheld:

   

Broker Non-Vote

Allyn C. Woodward

    26,649,303    6,288,601    12,122,432

Continuing directors are as follows: Robert P. Badavas, Joesph W. Chow and Manuel A. Henriquez.

 

  2. Ratification of the selection of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012:

 

For

   

Against

   

Abstain

44,372,175

    362,573    214,607

 

  3. Advisory vote to approve the Company’s named executive officer compensation:

 

For

   

Against

   

Abstain

   

Broker Non-Vote

25,559,046

    7,151,398    227,461    12,122,432

  4. Approve a proposal to authorize the Company, with the approval of the Board, to sell or otherwise issue up to 20% of the Company’s outstanding common stock at a price below the Company’s then current net asset value per share and:

 

Vote With Affiliate Shares:               

For

   

Against

   

Abstain

   

Broker Non-Vote

28,477,832

    4,258,014    215,640    12,122,432
Vote Without Affiliate Shares:         

For

   

Against

   

Abstain

   

Broker Non-Vote

26,084,157

    4,258,014    215,640    12,122,432

 

  5. To approve a proposal to authorize the Company, with the approval of the Board, to offer and issue debt with warrants or debt convertible into shares of its common stock at an exercise or conversion price that, at the time such warrants or convertible debt are issued, will not be less than the market value per share but may be below the Company’s then current NAV.

 

For

   

Against

   

Abstain

   

Broker-Non Vote

21,072,228

    11,637,307    228,370    12,122,432

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

Hercules Technology Growth

Capital, Inc.

Date: June 1, 2012     By:  

/s/ Scott Harvey

      Scott Harvey
      Chief Legal Officer