Item 5.07. Submission of Matters to a Vote of Security Holders.
FS KKR Capital Corp. (the "Company") held its Annual Meeting of Stockholders
(the "Annual Meeting") on June 23, 2020. On June 23, 2020, the Company adjourned
the Annual Meeting with respect to the Share Issuance Proposal (as defined
below) to permit additional time to solicit stockholder votes for such proposal.
The reconvened meeting (the "Reconvened Meeting") was held on July 15, 2020. As
of April 20, 2020, the record date (the "Record Date") for the determination of
stockholders entitled to notice of, and to vote at, the Reconvened Meeting,
495,032,065 shares of common stock were eligible to be voted in person or by
proxy. As previously announced, on June 15, 2020, the Company effected a 4 to 1
reverse split of the Company's shares of common stock (the "Reverse Stock
Split"). As a result of the Reverse Stock Split, every four shares of the
Company's common stock issued and outstanding were automatically combined into
one share of the Company's common stock. As adjusted to give effect to the
Reverse Stock Split, at the close of business on the Record Date, there would
have been 123,758,016 shares of the Company's common stock (instead of
495,032,065), constituting all of the outstanding voting securities of the
Company. The Reverse Stock Split did not modify the rights or preferences of the
Company's common stock. Of the eligible shares of common stock to be voted,
63,984,787 were voted in person or by proxy at the Reconvened Meeting.
Stockholders were asked to consider and act upon the following proposals, each
of which was described in the Company's definitive proxy statement filed with
the Securities and Exchange Commission (the "SEC") on April 21, 2020:
• Proposal No. 2 - to approve a proposal to allow the Company in future offerings
to sell its shares below net asset value per share in order to provide
flexibility for future sales (the "Share Issuance Proposal").
The Share Issuance Proposal was approved by the Company's stockholders at the
Reconvened Meeting. The votes for, votes against, abstentions and broker
non-votes are set below:
Votes For Votes Against Abstentions Broker Non-Votes
49,251,223 11,127,811 3,605,753 0
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