Main Street Capital CORP 8-K, filed Oct 15, 2026
Main Street Capital CORP (MAIN)
8-K
2026-10-15
For: 2026-10-15
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Added on
October 15, 2026
About this 8-K
Main Street Capital CORP filed this 8-K on October 15, 2026.
Main Street estimated third quarter 2026 NII of $0.87 to $0.91 per share, DNII of $0.94 to $0.98 per share and DNII before taxes of $0.96 to $1.00 per share. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
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 15, 2026
__________________________________________________________________________
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) | ||
Registrant’s telephone number, including area code: (713) 350-6000
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
NYSE Texas |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
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. o
Item 2.02Results of Operations and Financial Condition.
On October 15, 2026, the Registrant issued a press release announcing certain preliminary estimates of its financial
condition and results of operations for its fiscal quarter ended September 30, 2026, as well as other information. A copy of
such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information disclosed herein, including Exhibit 99.1 hereto, shall be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the Registrant’s filings
made under the Securities Act of 1933, as amended; provided, however, that information contained on the Registrant’s
website referred to in the press release attached hereto as Exhibit 99.1 is not incorporated by reference herein or in Exhibit
99.1 and is not a part of this Form 8-K or Exhibit 99.1.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
Main Street Capital Corporation | ||
Date: October 15, 2026 | By: | /s/ Jason B. Beauvais |
Name: Jason B. Beauvais | ||
Title: General Counsel | ||
Exhibit 99.1
 | NEWS RELEASE |
Contacts: Main Street Capital Corporation Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com Ryan R. Nelson, CFO, rnelson@mainstcapital.com 713-350-6000 Dennard Lascar Investor Relations Ken Dennard / ken@dennardlascar.com Zach Vaughan / zvaughan@dennardlascar.com 713-529-6600 |
Main Street Announces Preliminary Estimate of Third Quarter 2026
Operating Results
Announces Third Quarter 2026 Earnings Release and Conference Call Schedule
HOUSTON – October 15, 2026 – Main Street Capital Corporation (NYSE: MAIN) (“Main
Street” or the “Company”) is pleased to announce its preliminary operating results for the third
quarter of 2026 and its third quarter 2026 earnings release and conference call schedule.
In commenting on the Company’s preliminary operating results for the third quarter of 2026,
Dwayne L. Hyzak, Main Street’s Chief Executive Officer, stated, “We are pleased with our
performance in the third quarter, which resulted in another quarter of strong operating results,
including distributable net investment income before taxes that was in line with our expectations
and prior guidance provided on our last conference call and an increase to our net asset value per
share for the seventeenth consecutive quarter. We look forward to sharing the full details of our
third quarter 2026 results in a few weeks.”
Preliminary Estimates of Third Quarter 2026 Results
Main Street’s preliminary estimate of third quarter 2026 net investment income (“NII”) is $0.87
to $0.91 per share, distributable net investment income (“DNII”)(1) is $0.94 to $0.98 per share
and DNII before taxes(2) is $0.96 to $1.00 per share.
Main Street’s preliminary estimate of net asset value (“NAV”) per share as of September 30,
2026 is $34.18 to $34.26, representing an increase of $0.26 to $0.34 per share, or 0.8% to 1.0%,
from the NAV per share of $33.92 as of June 30, 2026, with this increase after the impact of the
supplemental dividend paid in September 2026 of $0.30 per share. The estimated NAV per share
increase is primarily due to the net fair value appreciation on the investment portfolio, including
realized and unrealized activity, and the accretive impact of equity issuances, partially offset by
the total dividends per share paid in the third quarter in excess of NII per share and the net tax
provision. The net fair value appreciation on the investment portfolio is primarily the result of
net fair value appreciation on the lower middle market (“LMM”) investment portfolio, private
loan investment portfolio and other portfolio investments, partially offset by net fair value
depreciation on the middle market investment portfolio and fair value depreciation of the wholly-
owned external investment manager.
As a result of Main Street’s preliminary estimates of NII, net fair value appreciation and the net
tax provision as noted above, Main Street estimates that it generated an annualized return on
equity of over 14% for the third quarter.(3)
Main Street preliminarily estimates that investments on non-accrual status comprised 0.9% of the
total investment portfolio at fair value and 3.5% at cost as of September 30, 2026.
Additionally, during the quarter, Main Street Mezzanine Fund, LP, an investment fund wholly-
owned by the Company and licensed as a Small Business Investment Company (“SBIC”) by the
U.S. Small Business Administration (“SBA”), received approval from the SBA to increase the
borrowing capacity of its SBIC debentures by $75.0 million to $250.0 million. Combined with
Main Street’s other wholly-owned investment fund licensed as an SBIC, Main Street Capital III,
LP, this gives Main Street access to $425.0 million of the recently increased $475.0 million of
regulatory maximum SBIC debenture borrowing capacity for affiliated SBIC funds. Main Street
expects to maintain SBIC debentures under the SBIC program in the future, subject to periodic
repayments and borrowings, in an amount up to the regulatory maximum amount.
Investment Portfolio Activity
The Company’s third quarter 2026 operating activities include the following investment activity
in the LMM and private loan investment strategies:
•$61.5 million in total LMM portfolio investments, which after aggregate repayments,
return of invested equity capital and a decrease in cost basis due to a realized loss resulted
in a net decrease of $19.4 million in the total cost basis of the LMM investment portfolio;
and
•$162.0 million in total private loan portfolio investments, which after aggregate
repayments, return of invested equity capital and a decrease in cost basis due to realized
losses resulted in a net decrease of $1.8 million in the total cost basis of the private loan
investment portfolio.
Third Quarter 2026 Earnings Release and Conference Call Schedule
Main Street will release its third quarter 2026 results on Thursday, November 5, 2026, after the
financial markets close. In conjunction with the release, Main Street has scheduled a conference
call, which will be broadcast live via phone and over the Internet, on Friday, November 6, 2026,
at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(4)
By Phone: | Dial 412-902-0030 at least 10 minutes before the call. A replay will be available through November 13, 2026 by dialing 201-612-7415 and using the access code 13762919#. |
By Webcast: | Connect to the webcast via the Investor Relations section of Main Street’s website at www.mainstcapital.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay of the conference call will be available on Main Street’s website shortly after the call and will be accessible until the date of Main Street’s earnings release for the next quarter. |
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides
customized long-term debt and equity capital solutions to lower middle market companies and
debt capital to private companies owned by or in the process of being acquired by a private
equity fund. Main Street’s portfolio investments are typically made to support management
buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that
operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business
owners and management teams and generally provides customized “one-stop” debt and equity
financing solutions within its lower middle market investment strategy. Main Street seeks to
partner with private equity fund sponsors and primarily invests in secured debt investments in its
private loan investment strategy. Main Street’s lower middle market portfolio companies
generally have annual revenues between $10 million and $150 million. Main Street’s private
loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC dba Main Street
Capital Partners (“MSCP Adviser”), also maintains an asset management business through which
it manages investments for external parties. MSCP Adviser is registered as an investment adviser
under the Investment Advisers Act of 1940, as amended.
FORWARD-LOOKING STATEMENTS AND OTHER MATTERS
Main Street cautions that statements in this press release which are forward-looking and provide
other than historical information, including but not limited to the preliminary estimates of third
quarter 2026 financial information and results, are based on current conditions and information
available to Main Street as of the date hereof. Although its management believes that the
expectations reflected in those forward-looking statements are reasonable, Main Street can give
no assurance that those expectations will prove to be correct. Those forward-looking statements
are made based on various underlying assumptions and are subject to numerous uncertainties and
risks, including, without limitation, such factors described under the captions “Cautionary
Statement Concerning Forward-Looking Statements” and “Risk Factors” included in Main
Street’s filings with the U.S. Securities and Exchange Commission (the “SEC”) (www.sec.gov).
Main Street undertakes no obligation to update the information contained herein to reflect
subsequently occurring events or circumstances, except as required by applicable securities laws
and regulations.
The preliminary estimates of third quarter 2026 financial information and results furnished above
are based on Main Street management’s preliminary determinations and current expectations,
and such information is inherently uncertain. The preliminary estimates provided herein have
been prepared by, and are the responsibility of, management and are subject to completion of
Main Street’s customary quarter-end closing and review procedures and third-party review,
including the determination of the fair value of Main Street’s portfolio investments. As a result,
actual results could differ materially from the current preliminary estimates based on adjustments
made during Main Street’s quarter-end closing and review procedures and third-party review,
and Main Street’s reported information in its Quarterly Report on Form 10-Q for the quarter
ended September 30, 2026 may differ from this information, and any such differences may be
material. In addition, the information furnished above does not include all of the information
regarding Main Street’s financial condition and results of operations for the quarter ended
September 30, 2026 that may be important to readers. As a result, readers are cautioned not to
place undue reliance on the information furnished in this press release and should view this
information in the context of Main Street’s full third quarter 2026 results when such results are
disclosed by Main Street in its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2026. The information furnished in this press release is based on Main Street
management’s current expectations that involve substantial risks and uncertainties that could
cause actual results to differ materially from the results expressed in, or implied by, such
information.
Main Street has an existing effective Registration Statement on Form N-2 on file with the SEC
relating to the offer and sale from time to time of its securities. Investors are advised to carefully
consider the investment objective, risks and charges and expenses of Main Street before
investing in any of Main Street’s securities. The prospectus included in the Registration
Statement on Form N-2, together with any related prospectus supplement, contain this and other
information about Main Street and should be read carefully before investing. A copy of the
prospectus and any related prospectus supplement may be obtained by contacting Main Street.
Endnotes
(1)DNII is NII as determined in accordance with U.S. Generally Accepted Accounting
Principles, or U.S. GAAP, excluding the impact of non-cash compensation expenses,
which includes both share-based compensation expenses and deferred compensation
expense or benefit. Main Street believes presenting DNII per share is useful and
appropriate supplemental disclosure for analyzing its financial performance since (i)
share-based compensation does not require settlement in cash and (ii) deferred
compensation expense or benefit does not result in a net cash impact to Main Street
upon settlement. However, DNII is a non-U.S. GAAP measure and should not be
considered as a replacement for NII or other earnings measures presented in
accordance with U.S. GAAP. Instead, DNII should be reviewed only in connection
with such U.S. GAAP measures in analyzing Main Street’s financial performance. In
order to reconcile estimated DNII per share to estimated NII per share in accordance
with U.S. GAAP for the third quarter of 2026, an estimated $0.06 to $0.07 per share
of non-cash compensation expenses are added back to estimated NII per share to
calculate estimated DNII per share.
(2)DNII before taxes is NII as determined in accordance with U.S. GAAP, excluding the
impact of non-cash compensation expenses, which includes both share-based
compensation expenses and deferred compensation expense or benefit, and any tax
expenses included in NII. Main Street believes presenting DNII before taxes per share
is useful and appropriate supplemental disclosure for analyzing its financial
performance since (i) share-based compensation does not require settlement in cash,
(ii) deferred compensation expense or benefit does not result in a net cash impact to
Main Street upon settlement and (iii) tax expenses included in NII may include (a)
excise tax expense, which is not solely attributable to NII, and (b) deferred taxes,
which are not payable in the current period. However, DNII before taxes is a non-
U.S. GAAP measure and should not be considered as a replacement for NII, NII
before taxes or other earnings measures presented in accordance with U.S. GAAP.
Instead, DNII before taxes should be reviewed only in connection with such U.S.
GAAP measures in analyzing Main Street’s financial performance. In order to
reconcile estimated DNII before taxes per share to estimated NII per share in
accordance with U.S. GAAP for the third quarter of 2026, an estimated $0.06 to
$0.07 per share of non-cash compensation expenses and an estimated $0.02 per share
of NII related tax expenses are added back to estimated NII per share to calculate
estimated DNII before taxes per share.
(3)Return on equity equals the net increase in net assets resulting from operations
divided by the average quarterly total net assets.
(4)No information contained on the Company’s website or disclosed on the November 6,
2026 conference call, including the webcast and the archived versions, is incorporated
by reference in this press release or any of the Company’s filings with the SEC, and
you should not consider that information to be part of this press release or any other
such filing.