UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | August 5, 2011 |
Gladstone Investment Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 814-00704 | 83-0423116 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
1521 Westbranch Drive, Suite 200, McLean, Virginia | 22102 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 703-287-5800 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 5, 2011, Gladstone Investment Corporation (the "Company") closed on a $28.1 million investment in SOG Specialty Knives, LLC ("SOG"), consisting of debt and equity. The Company, together with Montlake Capital, The Mustang Group and certain members of SOG’s management, provided the capital to support the acquisition of SOG from MCC Capital Partners, LLC. SOG, headquartered in Lynnwood, Washington, designs and produces specialty knives and tools for the hunting/outdoors, military/law enforcement and industrial markets.
Item 7.01 Regulation FD Disclosure.
On August 11, 2011, Gladstone Investment Corporation issued a press release announcing the above mentioned new investment. The text of the press release is included as an exhibit to this Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein are deemed to be furnished and shall not be deemed to be filed.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release issued by Gladstone Investment Corporation on August 11, 2011.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Gladstone Investment Corporation | ||||
August 11, 2011 | By: |
David Watson
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Name: David Watson | ||||
Title: Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release issued by Gladstone Investment Corporation on August 11, 2011. |
Gladstone Investment Corporation Invests $28.1 Million in SOG Specialty Knives and Tools, LLC
McLean, VA, August 11, 2011: Gladstone Investment Corporation (Nasdaq: GAIN) (the Company) announced today that it invested $28.1 million in SOG Specialty Knives and Tools, LLC (SOG), consisting of debt and equity. The Company, together with Montlake Capital, The Mustang Group, Spencer Frazer (Founder) and Fred Keller (CEO), provided the capital to support the acquisition of the business from MCC Capital Partners, LLC. MCC Capital Partners, which acquired SOG in 2009, is a private equity firm focused on micro and middle market consumer product companies.
SOG, which takes its name from the Studies and Observations Group (the forefathers of the U.S. militarys Special Operations Forces), designs and produces specialty knives and tools for the hunting/outdoors, military/law enforcement and industrial markets. SOG is based in Lynnwood, WA, and employs approximately 60 personnel.
Gladstone Investment is thrilled to partner with the talented management team and investor groups as a significant shareholder in the buyout. We look forward to the continued growth of SOG, building on the success of the management team over the past few years, said Dave Dullum, President of Gladstone Investment.
Gladstone Investment Corporation is a publicly-traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company pays monthly dividends to its stockholders. Additional information on this transaction can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of SOG and its management
team, and the ability of SOG to grow are forward-looking statements. These forward-looking
statements inherently involve certain risks and uncertainties, although they are based on the
Companys current plans that are believed to be reasonable as of the date of this press release.
Factors that may cause the Companys actual results to differ from these forward-looking statements
include, among others, the duration and effects of current economic instability, the Companys
ability to access debt and equity capital and those factors listed under the caption Risk Factors
of the post-effective amendment of the Companys registration statement on Form N-2(file No.
333-160720), filed with the SEC on June 17, 2011 (the Form N-2) and the Companys Quarterly
Report on Form 10-Q for the quarter ended June 30, 2011, filed with the SEC on August 1, 2011 (the
Form 10-Q). The risk factors set forth in the Form N-2 and Form 10-Q under the caption Risk
Factors are specifically incorporated by reference into this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.