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

On September 29, 2022, Saratoga Investment Corp. (the "Company") held its 2022 Annual Meeting of Stockholders (the "Annual Meeting"). As of July 29, 2022, the record date for the Annual Meeting, 11,930,233 shares of common stock were eligible to be voted, and 6,013,217 of those shares were voted in person or by proxy at the Annual Meeting. The following matter was submitted at the Annual Meeting to the stockholders for consideration:

Proposal 1 - Election of Directors





  ?   To elect each of Steven M. Looney and Charles S. Whitman III as a director
      of the Company, each to serve until the 2025 Annual Meeting of Stockholders
      or until their respective successor is duly elected and qualified.

The nominee was elected to serve until the 2025 Annual Meeting of Stockholders or until his successor is duly elected and qualified. The following votes were taken in connection with this proposal:





Director Nominee          Votes For       Votes Withheld       Broker Non-Votes

Steven M. Looney           5,466,653              546,564                      -
Charles S. Whitman III     5,446,091              567,126                      -




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