Good morning, ladies and gentlemen, and welcome to the special meeting of stockholders of Logan Ridge Finance Corporation. My name is Ted Goldthorpe, Director, President, and Chief Executive Officer of the company, and I will act as Chair of this meeting. We're excited to be hosting our virtual meeting, which allows us to be more inclusive and reach a greater number of stockholders. We have stockholders attending via the web portal. It is now shortly after 10:30 A.M. Eastern Standard Time on June 20th, 2025, and this meeting is officially called to order. We appreciate the interest and support you expressed for the company by attending this virtual meeting. We'd also like to take this opportunity to remind everyone that no one attending via the webcast or telephone is permitted to use any audio recording device. It is possible our discussion at today's meeting, including some of our comments, may include forward-looking statements which reveal predictions, projections, or other statements about future events. These statements are not historical facts and are subject to known and unknown risks and uncertainties and other factors which may cause our actual results, performance, or achievements to be materially different from such anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, such forward-looking statements should not be relied upon except to the extent required by the applicable securities laws. We undertake no obligation to publicly update or revise any forward-looking statements, and thus it should not be assumed that our silence over time means that actual events are occurring or expressed or implied in such forward-looking statements. Please refer to our discussion set forth under the caption "Risk Factors" in the company's annual report on Form 10-K for fiscal year 2024 and in our quarterly report on Form 10-Q for the first quarter of the fiscal year 2025, as such risks, uncertainties, and factors may be updated in our periodic filings with the Securities and Exchange Commission, the SEC. I would like to introduce two members of management of the company who are present at this meeting: Brandon Satoren, who is the Chief Financial Officer, Secretary, and Treasurer of the company, and Patrick Schafer, who is the Chief Investment Officer of the company. Mr. Satoren has been appointed as proxy to vote the shares of all stockholders of the company, who has authorized the proxy to be voted at the meeting. In addition, Mr. Satoren will act as the Secretary of this meeting. I will turn to him with any procedural issues that may arise. Please note that this meeting is being recorded. Again, we remind you that no one attending via the webcast or telephone is permitted to use any audio recording device. To simplify balloting, we will defer voting on all matters on the agenda brought before the meeting. I'm appointing Mr. Christopher J. Woods as Inspector of Elections for today's meeting of the company. A list of registered common stockholders entitled to vote today is available for inspection on the web portal for this virtual meeting. If you have not done so, you may vote your shares through the use of the web portal for this virtual meeting. In addition, if you would like to revoke your proxy or change your vote, you may do so through the web portal. In the interest of time, we ask you to take any of these actions now. The Bylaws of the company provide that the notice of special meeting is given to each stockholder not less than 10 nor more than 90 days before the date of the meeting. The Bylaws of the company also provide that stockholders entitled to cast a majority of all votes entitled to cast must be present in person or represented by proxy to constitute a quorum of the meeting. Mr. Satoren, may we please have the report on giving of notice and whether a quorum is present? Mr. Chairman, I present the following documents: a copy of the notice of the special meeting, a certified list of holders of common stock of the company as of the close of business on May 6, 2025, the record date for determining stockholders entitled to notice of and vote at this special meeting that includes the residence of each and the number of shares held by each. The list has been prepared by Equiniti Trust Company LLC. The list of stockholders will remain open for inspection on the web portal during this special meeting. A copy of the joint proxy statement and prospectus filed with the SEC. An affidavit of Joanne Vogel, an officer of Broadridge Financial Solutions, Inc, as to the mailing on or about May 13th, 2025, of the notice regarding the availability of proxy materials for all beneficial holders of common stock of the company as of the close of business on May 6th, 2025. Copies of these materials are attached as exhibits to the affidavit. The board of directors fixed May 6th, 2025, as the record date for determination of stockholders entitled to notice of and vote at this special meeting. Approximately 62.59% of the outstanding common stock of the company, or an aggregate of 1,662,635 shares, is represented here in person or by proxy. Under the bylaws of the company, stockholders entitled to cast a majority of all votes entitled to be cast must be present in person or represented by proxy to constitute a quorum at the meeting. Accordingly, a quorum is present. Thank you. Please file these materials with amendments to the meeting. Since a quorum is present, the meeting will proceed. The principal item of business of this meeting is to consider and vote on a proposal to approve the merger of the company with Portman Ridge Merger Sub, Inc., with the company surviving the merger, pursuant to the merger agreement as described in the joint proxy statement prospectus. On behalf of the board of the company, I would like to express my appreciation to all the stockholders who returned their proxies. It is now approximately 10:36 A.M. Eastern Standard Time on June 20th, 2025, and the polls are now open. Any stockholder who hasn't yet voted and wishes to change their vote may do so by clicking on the voting buttons on the web portal following instructions there. Stockholders who have a seat in the proxy, who have sent in their proxies or voted via telephone or internet and do not want to change their vote, do not need to take action at this time. Now that everyone has had the opportunity to vote, I declare the polls for the special meeting of stockholders of Logan Ridge Finance Corporation closed at 10:37 A.M. Eastern Standard Time on June 20th, 2025. Let me now ask the Inspector of Elections for a report on the voting. Mr. Chairman, I have received the following preliminary voting results. The preliminary vote report for this meeting shows that the proposal passes. Thank you very much. Details regarding the number of shares that voted in favor of, voted against, or abstained from voting on the proposal will be provided in a current report on Form 8-K, which the company will file with the SEC. The Chair directs that the results of the election be incorporated into the minutes of the meeting. Mr. Satoren, has any other business been brought before this company in accordance with Bylaws of the company? No other business has been brought before the meeting. Since there are no other business, I will entertain a motion that the meeting adjourn. I move the meeting adjourn. I second the motion. It has been moved and seconded that the meeting be adjourned. All in favor say aye. Aye. Any opposed? Aye. Aye. We stand adjourned. This concludes our meeting. On behalf of the board of directors, officers, and employees of the company, I would like to thank all of you for attending this meeting and express our deep appreciation for the loyalty and confidence of all of our stockholders. Thank you very much. The meeting has now concluded. Thank you for joining and have a pleasant day.
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