Equus Announces Results of Annual Shareholder Meeting and Re-Appointment of Director
June 30 2017 - 4:32PM
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 Wednesday, June 28, 2017.
The purpose of the meeting was to consider and approve the
following three proposals:
(i) elect the following four director nominees, each for a term
of one year:
- Fraser Atkinson;
- Henry W. Hankinson;
- John A. Hardy; and
- Robert L. Knauss;
(ii) ratify the appointment of BDO USA, LLP (“BDO”) as the
Company’s independent auditor for the fiscal year ended December
31, 2017; and
(iii) approve on a non-binding advisory basis, the compensation
paid to the Company’s named executive officers in 2016.
Holders of 88.73% of the Company’s outstanding shares were
present in person or represented by proxy at the Annual Meeting and
approved the election of the four director nominees, the
appointment of BDO for fiscal year 2017, and the compensation paid
to the Company’s named executive officers in 2016
(non-binding). 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.
Following the Annual Meeting, the Board of Directors expanded
the number of directorships to five individuals and re-appointed
Kenneth I. Denos to fill the vacancy. Mr. Denos had been a
member of the Board from June 2008 until the Annual Meeting.
He was not a nominee for re-election as a director at the Annual
Meeting due to the anticipated acquisition of U.S. Gas &
Electric, Inc. by the Company, which transaction was terminated on
May 30, 2017.
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
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