Proxy Results (Form 8-K)

Item 5.07. Submission of Matters to a Vote of Security Holders.

On September 25, 2025, Saratoga Investment Corp. (the "Company") held its 2025 Annual Meeting of Stockholders (the "Annual Meeting"). As of the close of business on July 29, 2025, the record date for the Annual Meeting, 15,951,835 shares of common stock were eligible to be voted, and 11,533,981 of those shares were voted in person or by proxy at the Annual Meeting. The final voting results from the Annual Meeting were as following:

Proposal 1: The following directors were elected to serve as directors of the Company's board of directors until the 2028 Annual Meeting of Stockholders or until their respective successor is duly elected and qualified by the following vote:

Proposal 2: The ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending February 28, 2026 was approved by the following vote: