HOUSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE:EQS) announced the results of the Company’s Annual Meeting of Stockholders which took place on Wednesday, June 28, 2017. The purpose of the meeting was to consider and approve the following three proposals:
(i) elect the following four director nominees, each for a term of one year:
- Fraser Atkinson;
- Henry W. Hankinson;
- John A. Hardy; and
- Robert L. Knauss;
(ii) ratify the appointment of BDO USA, LLP (“BDO”) as the Company’s independent auditor for the fiscal year ended December 31, 2017; and
(iii) approve on a non-binding advisory basis, the compensation paid to the Company’s named executive officers in 2016.
Holders of 88.73% of the Company’s outstanding shares were present in person or represented by proxy at the Annual Meeting and approved the election of the four director nominees, the appointment of BDO for fiscal year 2017, and the compensation paid to the Company’s named executive officers in 2016 (non-binding). The specific voting results of the Annual Meeting are set forth in the Company’s Current Report on Form 8-K filed today with the Securities and Exchange Commission.
Following the Annual Meeting, the Board of Directors expanded the number of directorships to five individuals and re-appointed Kenneth I. Denos to fill the vacancy. Mr. Denos had been a member of the Board from June 2008 until the Annual Meeting. He was not a nominee for re-election as a director at the Annual Meeting due to the anticipated acquisition of U.S. Gas & Electric, Inc. by the Company, which transaction was terminated on May 30, 2017.
The Company is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol "EQS". Additional information on the Company may be obtained from the Company’s website at www.equuscap.com.