Company: GAINI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001193125-25-143255
Chunk: 31

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 31
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 the foreseeable future. Rather, all of our officers and other personnel are employed by our Adviser and Administrator. We do not have any equity incentive plans and we do not provide our employees with pension benefits, perquisites or other personal benefits. The services necessary for the operation of our business are provided to us by our officers and the various employees of our Adviser and Administrator, pursuant to the terms of the Advisory Agreement and Administration Agreement, respectively. Mr. Gladstone, our chairman and chief executive officer, and Mr. Dullum, our president, are all employees of and compensated directly by our Adviser. Mr. Ritchie, our chief financial officer and treasurer, is an employee of our Administrator. Mr. LiCalsi, our General Counsel and Secretary, is President of our Administrator. During the fiscal year ended March 31, 2025, we incurred total fees, net of credits, of approximately $23.7 million to our Adviser under the Advisory Agreement and $1.9 million to our Administrator under the Administration Agreement. For a discussion of the terms of our Advisory and Administration Agreement, see “Certain Transactions” below. Say-On-PayVote As previously discussed, as an externally managed company, we do not have any employees. Therefore, because all of our personnel are employed by the Adviser or the Administrator, we do not pay any salaries or bonuses. We do not have any equity incentive plan and we do not provide any stock-based awards to employees of our Adviser or our Administrator. As a result, we are not required under SEC regulations to provide a Say-On-PayVote nor are we required to provide summary compensation information. 31

DIRECTOR COMPENSATION The following table shows for the fiscal year ended March 31, 2025 certain information with respect to the compensation of all directors that are not also executive officers. Our executive officers do not receive any compensation for their service as directors:

| Name                     |     | Aggregate         
 Compensation from 
 the Company ($)   |        |     | Total Compensation 
 From the           
 Company and Fund   
 Complex Paid to    
 Directors ($) (1)  |         |
| Paul W. Adelgren (2)     |     |                   | 38,000 |     |                    | 158,000 |
| Michela A. English       |     |                   | 37,000 |     |                    | 181,500 |
| Katharine C. Gorka       |     |                   | 19,208 |     |