Current Report Filing (8-k)
November 05 2018 - 4:38PM
Edgar (US Regulatory)
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):
November 5, 2018
CAPITALA FINANCE CORP.
(Exact name of registrant as specified in
its charter)
Maryland
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814-01022
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90-0945675
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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4201 Congress St., Suite 360
Charlotte, NC 28209
(Address of principal executive offices
and zip code)
Registrant’s telephone number, including
area code:
(704) 376-5502
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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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
x
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.
☐
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Item 2.02
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Results of Operations and Financial Condition
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On November 5, 2018, Capitala Finance Corp.
(the
“Company”
) issued a press release announcing its financial results for the quarter ended September
30, 2018, the text of which is attached hereto as Exhibit 99.1. Additionally, on November 5, 2018, the Company made available on
its website, http://investor.CapitalaGroup.com, a supplemental investor presentation with respect to the earnings release.
The information disclosed under this Item
2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing made under
the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
On
March 23, 2018, the Consolidated Appropriations Act of 2018, which includes the Small Business Credit Availability Act (the
“Act”
),
was signed into law. The Act amends the Investment Company Act of 1940, as amended (the
“1940 Act”
)
to permit a business development company to reduce the required minimum asset coverage ratio applicable to it from 200% to 150%,
subject to certain requirements described therein.
On
November 1, 2018, the board of directors (the
“Board”
) of the Company, including a “required
majority” (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the application of the modified
asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act, as amended by the Act. As a result, the Company’s
asset coverage requirements for senior securities will automatically be changed from 200% to 150%, effective November 1, 2019.
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Item 9.01
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Financial Statements and Exhibits.
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SIGNATURES
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.
Date:
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November 5, 2018
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CAPITALA FINANCE CORP.
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By:
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/s/ Stephen A. Arnall
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Stephen A. Arnall
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Chief Financial Officer
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