Equus Announces Results of Annual Shareholder Meeting
May 08 2020 - 11:43AM
Equus Total Return, Inc. (NYSE: EQS) (“Equus” or the “Company”)
announced the results of the Company’s Annual Meeting of
Stockholders which took place on Thursday, May 7, 2020. The
purpose of the meeting was to consider and approve the following
three proposals:
- election of the following five director nominees, each for a
term of one year:
- Fraser Atkinson;
- Kenneth I. Denos;
- Henry W. Hankinson;
- John A. Hardy; and
- Robert L. Knauss;
- ratification of the appointment of BDO USA, LLP (“BDO”) as the
Company’s independent accountants for the fiscal year ended
December 31, 2020; and
- approval, on a non-binding advisory basis, of the compensation
paid to the Company’s named executive officers in 2019.
Holders of 83.09% of the Company’s outstanding shares were
present in person or represented by proxy at the Annual
Meeting. Of approximately 9.4 million votes, on average, cast
with respect to the five nominees for director, each nominee
received approximately 8.8 million votes, or 94% of such votes
cast, with approximately 0.5 million votes, on average,
withheld.
The shareholders also overwhelmingly approved the appointment of
BDO as the Company’s independent accountants for fiscal year 2020,
with 11.0 million votes cast in favor the appointment, 0.2 million
votes against, and 0.003 million votes abstaining.
With respect to a non-binding vote regarding compensation paid
to the Company’s named executive officers in 2019, approximately
8.8 million votes were cast in favor, 0.5 million votes against,
and 0.006 million votes abstaining.
The specific voting results of the Annual Meeting are set forth
in the Company’s Current Report on Form 8-K filed today with the
Securities and Exchange Commission.
About Equus
The Company is a business development company
that trades as a closed-end fund on the New York Stock Exchange,
under the symbol "EQS". Additional information on the Company may
be obtained from the Company’s website at www.equuscap.com.
This press release may contain certain
forward-looking statements regarding future circumstances. These
forward-looking statements are based upon the Company’s current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements
including, in particular, the risks and uncertainties described in
the Company’s filings with the SEC. Actual results, events, and
performance may differ. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
to the date hereof. The Company undertakes no obligation to release
publicly any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events. The inclusion of
any statement in this release does not constitute an admission by
the Company or any other person that the events or circumstances
described in such statements are material.
Contact:Patricia Baronowski
Pristine Advisers, LLC(631) 756-2486
Equus Total Return (NYSE:EQS)
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