Apollo Shareholders Reelect Trustees

Shareholders showed strong support for leadership continuity and financial oversight at Apollo Debt Solutions BDC.

June 24, 2025

Governance Actions Approved at Annual Meeting

Apollo Debt Solutions BDC held its Annual Meeting of Shareholders on June 18, 2025. Two proposals were on the agenda: trustee elections and approval of the company’s auditor. Both passed with clear majority support, reinforcing shareholder alignment with Apollo’s current governance and oversight structure.

The first item put two Class I Trustees—Meredith Coffey and Christine Gallagher—up for re-election. Shareholders responded with strong voting turnout. Gallagher secured just over 270 million votes in favor, while Coffey received support from nearly 224 million. A notable number of broker non-votes came in for both candidates, which is common when brokers can’t vote on behalf of clients without instructions.

Auditor Reappointment Receives Overwhelming Support

Next up was the ratification of Deloitte & Touche LLP as Apollo’s independent auditor for the 2025 fiscal year. That proposal passed with nearly 288 million votes in favor, and minimal opposition. With no broker non-votes reported on this item, the outcome was straightforward and decisive.

The numbers reflect a high level of engagement. As of the April 22 record date, over 494 million common shares were eligible to vote. Investors used that opportunity to affirm Apollo’s direction, both at the board level and in its financial oversight.

With the 2025 meeting behind them, Apollo’s leadership and audit partner remain in place. The company continues to operate with full shareholder authorization and oversight, creating clarity and consistency heading into the second half of the year.