Company: GAINI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001193125-25-143255
Chunk: 13

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 13
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S THAT STOCKHOLDERS VOTE “FOR” EACH NAMED NOMINEE FOR DIRECTOR IN PROPOSAL 1. 14

### INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE

#### Director Independence
As required under the Nasdaq Global Select Market (“Nasdaq”) listing standards, our Board annually determines each director’s independence. The Nasdaq listing standards provide that a director of a business development company (“BDC”) is considered to be independent if he or she is not an “interested person” of ours, as defined in Section 2(a)(19) of the 1940 Act. Section 2(a)(19) of the 1940 Act defines an “interested person” to include, among other things, any person who has, or within the last two years had, a material business or professional relationship with us.

Consistent with these considerations, after review of all relevant transactions or relationships between each director, or any of his or her family members, and us, our senior management and our independent registered public accounting firm, the Board has affirmatively determined that the following five current directors are independent directors within the meaning of the applicable Nasdaq listing standards: Messrs. Outland, Parker and Wilkinson and Ms. English and Ms. Gorka. In making this determination, the Board found that none of these directors or nominees for director had a material or other disqualifying relationship with us. Mr. Gladstone, the chairman of our Board and our chief executive officer, and Ms. Novara, our Head of Resource Management are not independent directors by virtue of their positions as officers of us and our Adviser.

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Diversity The Company is voluntarily including the following table which summarizes certain self-identified characteristics of our directors. Our current Board Diversity Matrix is posted on our website at https://www.gladstoneinvestment.com/investors/corporate-governance/governance-documents.

| Gladstone Investment Corporation Board Diversity Matrix |     |        | As of June 30, 2024 |     |      |   |     |            |   |     |          |   |     |        | As of June 30, 2025 |     |      |   |     |            |   |     |          |   |
|:--------------------------------------------------------|:----|:-------|--------------------:|:----|:-----|--:|:----|:-----------|--:|:----|:---------|--