Monitor the December 17 meeting for any dissident preferred-stockholder voting against Gremp's re-election, which could signal activist discontent. The prior Schedule 13D/A by the CEO suggests potential control or strategic initiatives; watch for any subsequent 13D amendments or proxy contest filings ahead of the meeting.
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Executive Summary
Prospect Capital Corporation filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, to be held virtually on December 17, 2026. The sole item of business is the election of independent director William J. Gremp (age 83) as a Class I director, to be voted on exclusively by holders of the company's preferred stock. The filing is routine with no shareholder proposals, no contested elections, and no material governance changes, but it follows a Schedule 13D/A filing by CEO John F. Barry III (who beneficially owns 25.2% of common stock) filed 124 days prior, signaling potential activist or control dynamics.
Key Facts
- Annual Meeting to be held virtually on December 17, 2026; record date September 21, 2026
- Only item on ballot: election of Class I director William J. Gremp, voted on solely by preferred stockholders
- 533,816,849 common shares and 67,598,002 preferred shares outstanding as of record date
- CEO John F. Barry III beneficially owns 134,685,744 common shares (25.2% of class)
- Independent directors receive $262,500 annual fee; executive officers receive no direct compensation from the company
- Audit fees for FY2026 were approximately $1,891,000; Deloitte recommended as independent auditor for FY2027
- No shareholder proposals, no say-on-pay vote, no related party transactions disclosed beyond standard advisory/administration agreements
- A Schedule 13D/A was filed by John F. Barry III on May 22, 2026 (124 days prior to this proxy)
Financial Impact
No financial impact from this routine proxy filing; proxy solicitor fee of approximately $315,979 plus expenses
Risk Factors
- Low preferred-stock voter turnout could delay quorum and require adjournment
- CEO's 25.2% common stake and recent 13D/A filing may signal potential control-related actions
- No shareholder proposals or say-on-pay vote limits direct investor feedback mechanisms
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001287032-26-000288 |
| Document: 0001287032-26-000288-index-headers.html | 0001287032-26-000288 |
| Document: 0001287032-26-000288-index.html | 0001287032-26-000288 |
| Document: 0001287032-26-000288.txt | 0001287032-26-000288 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | DEFA14A | $1.48 | awaiting T+60 | — | $1.49 (+0.68%) |
Oct 20, 2026 6d ago | SC 13D/A | $1.47 | awaiting T+60 | — | $1.49 (+1.36%) |
Sep 22, 2026 4w ago | DEF 14A | $2.17 | awaiting T+60 | — | $1.49 (−31.34%) |
Jul 16, 2026 14w ago | 15-12G | $2.25 $1.73 | ▼ −23.11% | ▼ −27.79% | $1.49 (−33.78%) |
Jun 9, 2026 19w ago | DEFA14A | $2.24 $2.19 | ▼ −2.23% | ▼ −8.81% | $1.49 (−33.48%) |
May 7, 2026 24w ago | 8-K | $18.17 $16.72 | ▲ +7.98% | ▲ +12.82% | $1.49 (+91.80%) |
May 7, 2026 24w ago | Press Release | $2.47 $2.26 | ▼ −8.50% | ▼ −13.34% | $1.49 (−39.68%) |
May 4, 2026 25w ago | Press Release | $2.72 $2.16 | ▼ −20.59% | ▼ −22.44% | $1.49 (−45.22%) |
Mar 11, 2026 32w ago | DEFA14A | $2.56 $2.23 | ▼ −12.91% | ▼ −23.61% | $1.49 (−41.81%) |
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