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KCAP FINANCIAL, INC. FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

May 7, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders.

KCAP Financial, Inc. (the "Company") held its Annual Meeting of Shareholders on May 5, 2014 (the "Annual Meeting"). At the Annual Meeting, the Company submitted three proposals to the vote of the shareholders, which are described in detail in the Company's proxy statement dated March 26, 2014. As of March 12, 2014, the record date for the Annual Meeting, 33,340,607 shares of common stock were eligible to be voted, and 29,567,071of those shares were voted in person or by proxy at the Annual Meeting.

Proposal 1: Election of Directors

The Company's shareholders elected Albert G. Pastino, C. Michael Jacobi and Jay R. Bloom as Class II directors to each serve for a three year term, or until their successors are duly elected and qualified. The results of the vote were as follows:

Nominee Total Votes For Total Votes Withheld Albert G. Pastino 11,077,572 397,377 C. Michael Jacobi 9,477,793 1,997,156 Jay R. Bloom 7,682,941 3,792,008



The other directors to serve after the Annual Meeting were as follows:

Class III Directors Class I Directors (terms expiring in 2015) (terms expiring in 2016) Christopher LacovaraC. Turney StevensDayl W. PearsonJohn A. Ward, IIIDean C. Kehler



Proposal 2: Advisory Vote on Executive Compensation

The compensation paid to the Company's named executive officers was approved by a non-binding, advisory vote. The results of the vote were as follows:

Total Votes For Total Votes Against Total Votes Abstained Broker Non-Votes

10,151,634 1,002,227 321,008 18,092,122



Proposal 3: Ratification of Independent Registered Public Accounting Firm

The Company's shareholders ratified the selection of Ernst & Young LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014. The results of the vote were as follows:

Total Votes For Total Votes Against Total Votes Abstained

28,863,880 429,597 273,594



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Source: Edgar Glimpses


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