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HERCULES CAPITAL INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

12Reported items
181Asset managers
657Fund votes
2023-07-20Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore HERCULES CAPITAL INC. in the interactive database Compare manager voting policies

How asset managers voted at the HERCULES CAPITAL INC. 2023-2024 meeting

Each item below shows how the 181 asset managers that disclosed a HERCULES CAPITAL INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of HERCULES CAPITAL INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 7 wordings of this item as funds reported it.

93% fund support · no official result

FOR 93%

The 163 asset managers below cast 93% of the shares they voted on this item FOR (11,500,873 for, 840,251 against).

FOR: 11,500,873 (92.5%)AGAINST: 840,251 (6.8%)ABSTAIN: 81,264 (0.7%)NOT VOTED: 4,603 (0.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION.” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
T. Rowe Price	1,770,360	0	0	For
VAN ECK ASSOCIATES CORP	975,463	0	0	For
VanEck ETF Trust	975,463	0	0	For
STIFEL NICOLAUS & CO INC \MO\	830,952	0	0	For
Legal & General Investment Management Ltd	0	732,667	0	Against
Stewart Capital Advisors, LLC	585,544	0	0	For
Gilman Hill Asset Management, LLC	584,264	0	0	For
Nikko Asset Management Co., Ltd.	561,363	0	0	For
Connor, Clark & Lunn Investment Management Ltd.	401,924	0	0	For
Janney Montgomery Scott LLC	325,127	0	0	For
Citadel	297,441	0	0	For
AllianceBernstein	279,404	0	0	For
RBC Capital Markets, LLC	251,222	0	0	For
Putnam	195,418	19,495	13,613	For
Point72	225,759	0	0	For
MCKINLEY CAPITAL MANAGEMENT LLC	210,917	0	0	For
CONFLUENCE INVESTMENT MANAGEMENT LLC	170,853	12,878	8,993	For
First Trust	162,298	16,312	11,391	For
D.A. DAVIDSON & CO.	175,781	0	0	For
PNC BANK, NATIONAL ASSOCIATION	164,091	0	0	For
BLAIR WILLIAM & CO/IL	137,379	0	0	For
ENVESTNET ASSET MANAGEMENT INC	124,618	0	0	For
Invesco	107,043	10,416	6,500	For
Pear Tree Funds	118,398	0	0	For
Northwestern Mutual	109,248	0	0	For

Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.

2. ADVISORY VOTE TO APPROVE THE FREQUENCY OF THE ADVISORY VOTE ON EXECUTIVE COMPENSATION.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

97% fund support · no official result

ONE YEAR 61%1 YEAR 37%

The 162 asset managers below cast 97% of the shares they voted on this item FOR (152,864 for, 3,938 against).

FOR: 152,864 (1.2%)AGAINST: 3,938 (0.0%)ABSTAIN: 67,131 (0.5%)ONE YEAR: 7,569,975 (61.1%)1 YEAR: 4,527,921 (36.6%)3 YEARS: 21,613 (0.2%)2 YEARS: 16,129 (0.1%)UNKNOWN: 7,629 (0.1%)NOT VOTED: 4,603 (0.0%)THREE YEARS: 4,484 (0.0%)TWO YEARS: 4,048 (0.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE FREQUENCY OF THE ADVISORY VOTE ON EXECUTIVE COMPENSATION.” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
T. Rowe Price	0	0	0	One Year
VAN ECK ASSOCIATES CORP	0	0	0	1 Year
VanEck ETF Trust	0	0	0	1 Year
STIFEL NICOLAUS & CO INC \MO\	0	0	0	One Year
Legal & General Investment Management Ltd	0	0	0	One Year
Stewart Capital Advisors, LLC	0	0	0	1 Year
Gilman Hill Asset Management, LLC	0	0	0	One Year
Nikko Asset Management Co., Ltd.	0	0	0	One Year
Connor, Clark & Lunn Investment Management Ltd.	0	0	0	One Year
Janney Montgomery Scott LLC	0	0	0	One Year
Citadel	0	0	0	One Year
AllianceBernstein	0	0	0	One Year
RBC Capital Markets, LLC	0	0	0	One Year
Point72	0	0	0	One Year
Putnam	100,866	3,938	8,736	1 Year
MCKINLEY CAPITAL MANAGEMENT LLC	0	0	0	One Year
CONFLUENCE INVESTMENT MANAGEMENT LLC	0	0	5,871	1 Year
First Trust	0	0	7,437	1 Year
D.A. DAVIDSON & CO.	0	0	0	1 Year
PNC BANK, NATIONAL ASSOCIATION	0	0	0	1 Year
BLAIR WILLIAM & CO/IL	0	0	0	One Year
ENVESTNET ASSET MANAGEMENT INC	0	0	0	1 Year
Invesco	0	0	4,321	One Year
Pear Tree Funds	0	0	0	1 Year
Northwestern Mutual	0	0	0	One Year

Showing the 25 largest of 162 asset managers. See all 162 in the interactive database.

3. Ratification Of The Selection Of The Independent Public Accountant For The Fiscal Year Ending December 31, 2023.

AUDIT-RELATED

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 25 asset managers below cast 99% of the shares they voted on this item FOR (2,577,553 for, 28,953 against).

FOR: 2,577,553 (98.6%)AGAINST: 28,953 (1.1%)ABSTAIN: 8,442 (0.3%)

Largest asset managers voting on “Ratification Of The Selection Of The Independent Public Accountant For The Fiscal Year Ending December 31, 202” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
VanEck ETF Trust	975,463	0	0	For
T. Rowe Price	587,678	0	0	For
First Trust	182,098	3,403	4,499	For
Pear Tree Funds	118,398	0	0	For
Putnam	108,817	2,033	2,689	For
Northwestern Mutual	109,248	0	0	For
Miller/Howard High Income Equity Fund	100,836	0	0	For
CITY NATIONAL ROCHDALE FUNDS	84,873	0	0	For
Invesco	55,787	1,069	1,254	For
FINANCIAL INVESTORS TRUST	40,720	0	0	For
ALPS Variable Investment Trust	30,800	0	0	For
John Hancock	28,461	0	0	For
ETFis Series Trust I	24,937	0	0	For
ProShares	23,759	0	0	For
Greenwich Investment Management, Inc.	0	22,447	0	Against
Northern Trust	21,754	0	0	For
WisdomTree	21,664	0	0	For
Northern Lights Fund Trust IV	20,341	0	0	For
SEI	13,609	0	0	For
Virtus	12,197	0	0	For
SIT MUTUAL FUNDS INC	7,725	0	0	For
Blackstone Alternative Investment Funds	3,400	0	0	For
Tidal ETF Trust	2,663	0	0	For
HENNESSY FUNDS TRUST	2,325	0	0	For
Primark Meketa Private Equity Investments Fund	0	0	0	--

4. Authorization Of The Company To Sell Or Issue Shares Of Its Common Stock At A Price Below Its Then-Current Nav Per Share, Subject To The Conditions Set Forth In Proposal 4.

CAPITAL STRUCTURE

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 24 asset managers below cast 97% of the shares they voted on this item FOR (2,504,570 for, 71,573 against).

FOR: 2,504,570 (96.6%)AGAINST: 71,573 (2.8%)ABSTAIN: 16,356 (0.6%)

Largest asset managers voting on “Authorization Of The Company To Sell Or Issue Shares Of Its Common Stock At A Price Below Its Then-Current Nav” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
VanEck ETF Trust	975,463	0	0	For
T. Rowe Price	587,678	0	0	For
First Trust	143,857	37,506	8,637	For
Pear Tree Funds	118,398	0	0	For
Putnam	85,965	22,413	5,161	For
Northwestern Mutual	109,248	0	0	For
Miller/Howard High Income Equity Fund	100,836	0	0	For
CITY NATIONAL ROCHDALE FUNDS	84,873	0	0	For
Invesco	43,897	11,655	2,558	For
FINANCIAL INVESTORS TRUST	40,720	0	0	For
ALPS Variable Investment Trust	30,800	0	0	For
John Hancock	28,461	0	0	For
ETFis Series Trust I	24,937	0	0	For
ProShares	23,759	0	0	For
Northern Trust	21,754	0	0	For
WisdomTree	21,664	0	0	For
Northern Lights Fund Trust IV	20,341	0	0	For
SEI	13,609	0	0	For
Virtus	12,197	0	0	For
SIT MUTUAL FUNDS INC	7,725	0	0	For
Blackstone Alternative Investment Funds	3,400	0	0	For
Tidal ETF Trust	2,663	0	0	For
HENNESSY FUNDS TRUST	2,325	0	0	For
Primark Meketa Private Equity Investments Fund	0	0	0	--

5. Election of two Independent Directors: Pam Randhawa

DIRECTOR ELECTIONS

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

89% fund support · no official result

FOR 88%11%

The 24 asset managers below cast 89% of the shares they voted on this item FOR (2,287,335 for, 294,047 against).

FOR: 2,287,335 (88.2%)AGAINST: 294,047 (11.3%)ABSTAIN: 11,118 (0.4%)

Largest asset managers voting on “Election of two Independent Directors: Pam Randhawa” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
VanEck ETF Trust	975,463	0	0	For
T. Rowe Price	587,678	0	0	For
First Trust	160,818	23,214	5,968	For
Pear Tree Funds	118,398	0	0	For
Putnam	96,101	13,872	3,566	For
Northwestern Mutual	109,248	0	0	For
Miller/Howard High Income Equity Fund	0	100,836	0	Against
CITY NATIONAL ROCHDALE FUNDS	84,873	0	0	For
Invesco	48,477	8,049	1,584	For
FINANCIAL INVESTORS TRUST	0	40,720	0	Against
ALPS Variable Investment Trust	0	30,800	0	Against
John Hancock	26,248	2,213	0	For
ETFis Series Trust I	0	24,937	0	Against
ProShares	0	23,759	0	Against
Northern Trust	21,754	0	0	For
WisdomTree	21,664	0	0	For
Northern Lights Fund Trust IV	20,341	0	0	For
SEI	13,609	0	0	For
Virtus	0	12,197	0	Against
SIT MUTUAL FUNDS INC	0	7,725	0	Against
Blackstone Alternative Investment Funds	0	3,400	0	Against
Tidal ETF Trust	2,663	0	0	For
HENNESSY FUNDS TRUST	0	2,325	0	Against
Primark Meketa Private Equity Investments Fund	0	0	0	--

6. Election of two Independent Directors: Robert P. Badavas

DIRECTOR ELECTIONS

Meeting held 2023-07-20; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 24 asset managers below cast 98% of the shares they voted on this item FOR (2,538,608 for, 42,356 against).

FOR: 2,538,608 (97.9%)AGAINST: 42,356 (1.6%)ABSTAIN: 11,537 (0.4%)

Largest asset managers voting on “Election of two Independent Directors: Robert P. Badavas” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
VanEck ETF Trust	975,463	0	0	For
T. Rowe Price	587,678	0	0	For
First Trust	176,326	7,499	6,175	For
Pear Tree Funds	118,398	0	0	For
Putnam	105,368	4,481	3,690	For
Northwestern Mutual	109,248	0	0	For
Miller/Howard High Income Equity Fund	100,836	0	0	For
CITY NATIONAL ROCHDALE FUNDS	84,873	0	0	For
Invesco	54,083	2,355	1,672	For
FINANCIAL INVESTORS TRUST	12,700	28,020	0	Against
ALPS Variable Investment Trust	30,800	0	0	For
John Hancock	28,461	0	0	For
ETFis Series Trust I	24,937	0	0	For
ProShares	23,759	0	0	For
Northern Trust	21,754	0	0	For
WisdomTree	21,664	0	0	For
Northern Lights Fund Trust IV	20,341	0	0	For
SEI	13,609	0	0	For
Virtus	12,197	0	0	For
SIT MUTUAL FUNDS INC	7,725	0	0	For
Blackstone Alternative Investment Funds	3,400	0	0	For
Tidal ETF Trust	2,663	0	0	For
HENNESSY FUNDS TRUST	2,325	0	0	For
Primark Meketa Private Equity Investments Fund	0	0	0	--

7. ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2024-06-20; no official results on file for that date.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (36,452 for, 0 against).

FOR: 36,452 (100.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION.” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Vote
1620 INVESTMENT ADVISORS, INC.	31,111	For
HOLLENCREST CAPITAL MANAGEMENT	2,522	For
Garde Capital, Inc.	1,497	For
Sound View Wealth Advisors Group, LLC	1,022	For
Keystone Wealth Services, LLC	300	For

8. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (93,656 for, 0 against).

FOR: 93,656 (100.0%)

Largest asset managers voting on “14A Executive Compensation” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Vote
Baker Avenue Asset Management, LP	82,800	For
GRIMES & COMPANY, INC.	9,856	For
Sculati Wealth Management, LLC	1,000	For

9. 14A Executive Compensation Vote Frequency

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

100% fund support · no official result

9%1 YEAR 91%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (1,000 for, 0 against).

FOR: 1,000 (9.2%)1 YEAR: 9,856 (90.8%)

Largest asset managers voting on “14A Executive Compensation Vote Frequency” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Vote
GRIMES & COMPANY, INC.	0	1 Year
Sculati Wealth Management, LLC	1,000	For
Baker Avenue Asset Management, LP	0	--

10. Advisory Vote on Say on Pay Frequency

SECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

— fund support · no official result

ONE YEAR 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ONE YEAR: 95,488 (100.0%)

Largest asset managers voting on “Advisory Vote on Say on Pay Frequency” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
ADVISORY RESEARCH INC	0	0	0	0	One Year
TD ASSET MANAGEMENT INC	0	0	0	0	One Year
Rock Point Advisors, LLC	0	0	0	0	One Year

11. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTES

Meeting held 2023-07-20; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (95,488 for, 0 against).

FOR: 95,488 (100.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Vote
ADVISORY RESEARCH INC	90,038	For
TD ASSET MANAGEMENT INC	4,950	For
Rock Point Advisors, LLC	500	For

12. Advisory vote to approve the Company's named executive officer compensation.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2024-08-15; no official results on file for that date (outside the 2023-2024 season's 1 July to 30 June window; reported in this season's filings).

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,207 for, 0 against).

FOR: 1,207 (100.0%)

Largest asset managers voting on “Advisory vote to approve the Company's named executive officer compensation.” at HERCULES CAPITAL INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
First County Bank /CT/	786	0	0	0	For
Series Portfolios Trust	421	0	0	0	For

Largest HERCULES CAPITAL INC. shareholders voting in 2023-2024

Ranked by the number of HERCULES CAPITAL INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 144,641,000 shares outstanding at the time of that meeting.

Top HERCULES CAPITAL INC. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	T. Rowe Price	1.22%
2	VAN ECK ASSOCIATES CORP	0.67%
3	VanEck ETF Trust	0.67%
4	STIFEL NICOLAUS & CO INC \MO\	0.57%
5	Legal & General Investment Management Ltd	0.51%
6	Stewart Capital Advisors, LLC	0.40%
7	Gilman Hill Asset Management, LLC	0.40%
8	Nikko Asset Management Co., Ltd.	0.39%
9	Connor, Clark & Lunn Investment Management Ltd.	0.28%
10	Janney Montgomery Scott LLC	0.22%

Reported HERCULES CAPITAL INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

HERCULES CAPITAL INC. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Kingdom Holding Company	6.51%	DEF14A
Scott Bluestein	1.59%	DEF14A
BlackRock	0.93%	13F
Morgan Stanley	0.81%	13F
Citadel Advisors	0.54%	13F
Two Sigma	0.43%	13F
JPMorgan Chase	0.29%	13F
Seth H. Meyer	0.25%	DEF14A
Franklin Templeton	0.19%	13F
Goldman Sachs	0.15%	13F

Percentages above are of 144,641,000 shares outstanding, as reported by HERCULES CAPITAL INC. on its Form 10-Q dated 2023-06-30 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from HERCULES CAPITAL INC.’s 10-Q dated 2023-06-30. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At HERCULES CAPITAL INC.'s shareholder meeting held 2023-07-20, in the 2023-2024 proxy season, 181 asset managers reported how they voted in their SEC Form N-PX filings, covering 657 separate fund positions. Their filings are grouped here into 12 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION. — the reporting funds cast 93% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

HERCULES CAPITAL INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.