Welcome to our dedicated page for Great Elm Capital SEC filings (Ticker: GECC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Great Elm Capital Corp. filings document the regulatory record of a business development company that invests in debt and income-generating equity securities. Form 8-K reports disclose operating results, selected financial information, portfolio credit updates, distributions and material events affecting the company’s investment portfolio and capital structure.
The filing record also covers governance and securities matters, including definitive proxy statements for annual stockholder meetings, board and executive changes, common stock disclosures, exchange-listed notes, indenture-based note redemptions and securities offering activity. These filings describe GECC’s BDC status, externally managed structure, risk disclosures, shareholder voting matters and capital-structure changes.
Great Elm Capital Corp. reported the results of its 2026 annual stockholder meeting. Stockholders elected Mark Kuperschmid as director with 6,104,023 votes for, 1,162,844 withheld, and 2,641,901 broker non-votes. They also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 9,334,470 votes for, 519,924 against, and 54,374 abstentions.
Great Elm Capital Corp. notified the removal of its 5.875% Notes due 2026 from listing and registration on the Nasdaq Stock Market LLC pursuant to 17 CFR 240.12d2-2. The exchange certified compliance with the cited rules and the issuer certified voluntary withdrawal.
Great Elm Capital Corp. reports amended Schedule 13G/A disclosing passive holdings by Northern Right entities and related parties. As of March 31, 2026, Northern Right Capital Management, L.P. beneficially owned 383,971 shares (approximately 2.8%) of Common Stock. The filing ties percentage calculations to April 27, 2026 outstanding shares of 13,892,045. Individual holdings disclosed include Northern Right Capital (QP), L.P. 149,911 shares (1.1%), Northern Right Long Only Master Fund LP 57,873 shares (0.4%), and Matthew A. Drapkin 76,333 shares with aggregate reporting of 3.3% for related parties. The filing contains customary disclaimers of beneficial ownership and cross‑entity attribution notes.
Great Elm Capital Corp. reported first quarter 2026 results and announced a leadership change. Net investment income was $5.0 million, or $0.36 per share, up from $0.31 in the prior quarter, helped by a $2.8 million incentive fee waiver. Net asset value per share declined to $7.74 from $8.07 as unrealized losses outweighed realized gains.
The board appointed Jason Reese as Chief Executive Officer, effective after the Q1 10-Q filing, succeeding Matt Kaplan, who remains a portfolio manager at the external adviser. GECC called or repurchased all $57.5 million of 2026 notes, leaving no funded debt maturities until 2029, and maintained strong liquidity with about $10 million in cash, $50 million of revolver availability, and $4 million of liquid exchange-traded assets as of March 31, 2026.
The board declared a $0.25 per share cash distribution for the second quarter of 2026, equating to an 18% annualized yield on the May 1, 2026, closing price and 12.9% on NAV. The company repurchased roughly 1% of outstanding shares at an average 36% discount to March 31, 2026 NAV, and its adviser waived all accrued incentive fees through June 30, 2026.
Great Elm Capital Corp. reports softer first-quarter 2026 results as its investment portfolio shrinks and unrealized losses rise. Total investment income was $9.5 million, down from $12.5 million a year earlier, reflecting a smaller, lower-yielding debt book. Total expenses were $4.5 million, but advisory costs turned negative after the external manager waived $2.8 million of accrued incentive fees, boosting net income and net asset value.
The portfolio’s fair value declined to $267.2 million from $298.3 million at year-end 2025, with a weighted average debt yield of 11.56%. Realized gains of $2.6 million were offset by $8.4 million of net unrealized depreciation, driven primarily by CLO and Universal Fiber holdings. Liquidity included $9.6 million in money market investments, and notes payable totaled $174.0 million, mainly maturing between three and five years.
Great Elm Capital Corp. is redeeming all of its 5.875% Notes due 2026 on May 27, 2026. Holders will receive 100% of principal, equal to $25.00 per Note, plus $0.228472 of accrued and unpaid interest per Note through, but excluding, the redemption date.
After May 27, 2026, interest on the redeemed Notes will stop accruing, and holders’ remaining right will be to receive the redemption payment upon surrender of their Notes. Notes held in book-entry form will be processed through The Depository Trust Company, with Equiniti Trust Company, LLC acting as trustee and paying agent.
Great Elm Capital Corp. is asking stockholders to vote at its 2026 virtual annual meeting on May 29, 2026. The proxy seeks election of two Class I directors, Mark Kuperschmid and Richard Cohen, and ratification of Deloitte & Touche LLP as independent auditor for 2026.
Stockholders of record on April 1, 2026 may vote online, by telephone, by mail, or during the live webcast using a 16-digit control number. The document details board structure and committees, director and executive biographies, stock ownership, related-party ties to Great Elm Group, and fees paid to the external manager and Deloitte.
Great Elm Capital Corp. amendment to a Schedule 13D reports that Northern Right-related entities and Matthew A. Drapkin may be deemed to beneficially own approximately 6.2% of the Company’s Common Stock as of March 5, 2026.
The percentage is calculated using 13,998,168 shares outstanding as of February 23, 2026. The filing notes Mr. Drapkin ceased serving as a director on February 27, 2026 and the Reporting Persons state they no longer hold securities to change or influence control.
Great Elm Capital Corp. director Jason W. Reese filed an initial ownership report showing indirect holdings of the company’s Common Stock. According to the filing, 87,237 shares are held by IC Leverage Income Fund, LLC and 229,460 shares are held by Imperial Capital Group Holdings II, LLC. Mr. Reese has voting and dispositive power over the shares held by both entities.
Great Elm Capital Corp. reported fourth quarter 2025 results showing strong income but significant valuation pressure. Total investment income was $12.6 million, generating net investment income of $4.4 million, or $0.31 per share, more than 50% higher than the prior quarter as higher cash income from investments flowed through.
However, net realized and unrealized losses of about $26.4 million, mostly unrealized, reduced net asset value from $10.01 to $8.07 per share, with full‑year net losses of $49.1 million. The board declared a $0.30 per share cash distribution for the first quarter of 2026, equating to a 19.2% annualized yield on the February 27, 2026 closing price of $6.26.
The company is also reshaping governance and its balance sheet. Jason Reese was appointed Executive Chairman, succeeding Matthew Drapkin, and the external adviser waived all accrued incentive fees of approximately $2.3 million, or $0.16 per share, as of December 31, 2025, plus first quarter 2026 incentive fees. GECC repurchased and called portions of its GECCO notes and authorized up to $10 million of common share repurchases, while ending 2025 with $5 million of cash, $50 million of undrawn revolver capacity, and about $11 million of liquid exchange‑traded assets.