Current Report Filing (8-k)
02 November 2022 - 1:26AM
Edgar (US Regulatory)
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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):
October 28, 2022
SURO CAPITAL CORP.
(Exact name of registrant as specified in its charter)
Maryland |
1-35156 |
27-4443543 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
640 Fifth Avenue
12th Floor
New York, NY 10019
(Address of principal executive offices and zip
code)
Registrant’s telephone number, including
area code: (212) 931-6331
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)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class: |
Trading symbol: |
Name of each exchange on which registered: |
Common Stock, par value $0.01 per share |
SSSS |
Nasdaq Global Select Market |
6.00% Notes due 2026 |
SSSSL |
Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 1.01. | Entry into a Material Definitive Agreement. |
Securities Custody Agreement
On
October 28, 2022, SuRo Capital Corp. (the “Company”) and U.S. Bank Trust Company, National Association (in such
capacity, the “Securities Custodian”) entered into a custody agreement (the “Securities Custody
Agreement”), pursuant to which the Securities Custodian was appointed to serve as the Company’s custodian to hold
securities, loans, cash, and other assets on behalf of the Company. Either party may terminate the Securities Custody Agreement at
any time upon sixty (60) days’ prior written notice.
The foregoing description
of the Securities Custody Agreement is a summary only and is qualified in its entirety by reference to the text of the Securities Custody
Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Document Custody Agreement
On October 28, 2022, the
Company and U.S. Bank, National Association (in such capacity, the “Document Custodian”) entered into a custody
agreement (the “Document Custody Agreement”), pursuant to which the Document Custodian was appointed to serve as the
Company’s custodian to hold certain documents on behalf of the Company. Either party may terminate the Document Custody
Agreement at any time upon sixty (60) days’ prior written notice.
The foregoing description
of the Document Custody Agreement is a summary only and is qualified in its entirety by reference to the text of the Document Custody
Agreement, which is filed as Exhibit 10.2 hereto and is incorporated herein by reference.
Item 1.02 | Termination of a Material Definitive Agreement. |
On October 28, 2022, in conjunction
with entering into the Securities Custody Agreement and the Document Custody Agreement, the Company terminated its existing custody agreement
with U.S. Bank, National Association (the “Prior Custody Agreement”), effective October 28, 2022. Other than ordinary course
payments under the Prior Custody Agreement through the effective date of termination, no termination or other fees are payable in connection
with the termination of the Prior Custody Agreement.
Item 9.01. | Financial Statements and Exhibits. |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 1, 2022 |
SURO CAPITAL CORP. |
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By: |
/s/ Allison Green |
|
|
Allison Green |
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|
Chief Financial Officer, Chief Compliance Officer, Treasurer and Corporate Secretary |
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