FS KKR Capital Elects Directors
While director appointments were finalized, a pivotal decision on share pricing flexibility awaits further input.
June 19, 2025

FS KKR Capital Elects Board Members, Delays Vote on Below-NAV Share Issuance
FS KKR Capital Corp. held its annual stockholder meeting on June 18, 2025, and moved forward with key board appointments. Three Class C directors—Barbara Adams, Michael C. Forman, and Jerel A. Hopkins—were elected to new three-year terms. Their appointments were backed by stockholders, with Adams receiving the highest level of support.
But not every agenda item reached a decision. The company opted to pause voting on a proposal that would give it more flexibility in how it raises capital. Specifically, the board is seeking approval to issue shares below net asset value in future offerings. The goal: create optionality for the company to respond to funding needs as market conditions evolve.
Next Steps for the Shareholder Vote
That vote is now scheduled to take place on August 15, when the meeting reconvenes at FS KKR’s headquarters in Philadelphia. The company is giving shareholders additional time to review the proposal and submit their votes. Anyone who already voted doesn’t need to take further action unless they choose to update their submission before the August session.
All proxies submitted before the June meeting remain valid. The original record date of April 23 still applies.
This decision to extend the timeline signals the importance of the vote—and the company’s focus on ensuring it has a clear mandate from its shareholders. If approved, the proposal could give FS KKR more room to act on opportunities, especially in market conditions where speed and flexibility matter.