Crescent Capital BDC (NASDAQ:CCAP) held its annual meeting of stockholders in a virtual-only format, with shareholders voting to elect two Class 2 directors and to ratify the company’s independent registered public accounting firm for fiscal 2026.
Henry Chung, President of Crescent Capital BDC, chaired the meeting. Sarah Zilo served as secretary of the meeting, and Crystal Pauley was appointed as Inspector of Election to determine shares represented, confirm the quorum, validate proxies and tabulate votes.
Quorum Established for Annual Meeting
The Inspector of Election reported that no less than 26,896,217 shares were present in person or by proxy, representing more than half of the company’s issued and outstanding shares entitled to vote. Chung said that, with legal notice given and a quorum present, the meeting was lawfully convened and ready to conduct business.
Stockholders Elect Two Class 2 Directors
The first item of business was the election of Susan Yoon Lee and Michael S. Segal as Class 2 directors. Each was nominated to serve a three-year term expiring at the annual meeting of stockholders to be held in 2029, or until a successor is duly elected and qualified, or until earlier death, resignation or removal.
Chung reported that Lee received a majority of the votes cast at the meeting and was elected as a director. Segal also received a majority of the votes cast and was elected as a director.
Ernst & Young Ratified as Auditor
The second proposal before stockholders was the ratification of Ernst & Young LLP as Crescent Capital BDC’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
Chung said the proposal received a majority of the votes cast at the meeting. As a result, the selection of Ernst & Young LLP was ratified.
Before adjourning, Chung noted that the company had not received any questions from stockholders attending the virtual meeting. With no additional business, the annual meeting was adjourned.
About Crescent Capital BDC (NASDAQ:CCAP)
Crescent Capital BDC, Inc is a closed-end, externally managed business development company that provides flexible financing solutions to middle market companies in the United States. Trading on the Nasdaq under the ticker CCAP, the firm offers investors exposure to a diversified portfolio of debt and equity instruments, targeting businesses with attractive risk-adjusted return profiles. Its primary objective is to generate current income through interest payments and potential capital appreciation via selective equity co-investments.
The company’s investment strategy emphasizes senior secured loans, unsecured second-lien loans, mezzanine debt, as well as preferred and common equity co-investments.
