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. (GECC) is calling a 2026 virtual special stockholders’ meeting to vote on three linked items: a New Strategy emphasizing venture-capital-style equity in private companies, a New Investment Management Agreement with Great Elm Capital Management, Inc. (GECM), and a new Sub-Advisory Agreement with AE.
If the New Strategy (Proposal 1) is approved, GECC will gradually shift away from secured and senior secured middle-market debt and CLO-focused income investing toward equity and equity-related investments in private, venture-backed technology companies, which the company states will reduce investment income and lead to lower dividends, with returns relying more on capital appreciation and liquidity events.
The New Investment Management Agreement (Proposal 2) would remove the mandatory deferral of income incentive fees, exclude “Venture Investments” from the pre-incentive fee net investment income hurdle calculation, and bifurcate the capital gains incentive fee into a Standard and a Venture Capital Gains Incentive Fee; fee terms otherwise remain largely similar. Proposal 3 would formalize AE as sub-adviser for the venture sleeve while GECM retains overall responsibility. All three proposals are cross‑conditioned: none take effect unless each is approved by the required vote.
Summit Grove Partners, LLC reports beneficial ownership of common stock of Great Elm Capital Corp. in this amended Schedule 13G filing. Summit Grove holds 1,049,527 shares of common stock, representing 7.6% of the class based on 13,889,750 shares outstanding as of the quarter ended June 30, 2026. Summit Grove has sole voting power and sole dispositive power over all 1,049,527 shares, with no shared voting or dispositive power reported. The amendment is signed by Adam M. Kleinman as Authorized Signatory on August 6, 2026.
Great Elm Strategic Partnership I, LLC filed an amended Schedule 13G reporting beneficial ownership of 1,378,260 shares of Great Elm Capital Corp. common stock. This represents 9.9% of the outstanding common shares, based on 13,889,750 shares outstanding as of June 30, 2026. The reporting person has sole voting and dispositive power over all 1,378,260 shares and no shared voting or dispositive power.
Prosper Peak Holdings, LLC filed Amendment No. 1 to a Schedule 13G reporting its beneficial ownership in Great Elm Capital Corp. common stock. Prosper Peak reports beneficial ownership of 972,506 shares of common stock, representing 7.0% of the class.
The filing states that Prosper Peak has sole voting power and sole dispositive power over all 972,506 shares, with no shared voting or dispositive power. The percentage is based on 13,889,750 shares outstanding as reported in Great Elm Capital Corp.’s Form 10-Q for the quarter ended June 30, 2026.
Great Elm Capital Corp. reported second-quarter 2026 total investment income of $10.9 million, up from $9.5 million in the prior quarter. Net investment income was $4.5 million, or $0.32 per share, and earnings per share were $0.46, supported by approximately $1.9 million of net realized and unrealized gains. Net asset value per share increased to $7.95 as of June 30, 2026, from $7.74 as of March 31, 2026.
The company’s adviser waived $0.9 million of incentive fees in the quarter, in addition to $2.8 million previously waived through March 31, 2026. The board declared a $0.25 per share cash distribution for Q3 2026, implying an 18.9% annualized yield on the August 4, 2026, closing price and 12.6% on NAV. Liquidity included about $6 million of cash, $39 million of revolver availability, and an asset coverage ratio of 166.4%. Total debt outstanding was $166.4 million, with no debt maturities until 2029, and the company repurchased roughly 0.1 million shares for $0.5 million under its $10 million buyback program.
Great Elm Capital Corp. is a business development company focused on secured debt and income‑generating equity in middle‑market borrowers, specialty finance platforms and CLO equity. The investment portfolio’s fair value was 268,286 (in thousands) at June 30, 2026, down from 298,268 (in thousands) at December 31, 2025, with largest exposures to structured finance, specialty finance, technology and consumer products.
For the six months ended June 30, 2026, total investment income was 20,440 (in thousands), below 26,772 (in thousands) a year earlier as lower average coupon rates and a smaller debt portfolio reduced interest income. Net expenses fell to 10,780 (in thousands), helped by the adviser’s waiver of 3.7 million of previously accrued incentive fees, which increased net income and net asset value.
GECC reported net realized gains of 5,575 (in thousands), mainly from Stone Ridge Opportunities Fund LP, CW Opportunity 2 LP and American Coastal Insurance Corp. securities. It also recorded net unrealized depreciation of 9,379 (in thousands), driven by declines in CLO JV, Universal Fiber Systems and Great Elm Specialty Finance, partly offset by recoveries on Del Monte Foods and other positions. The debt portfolio’s weighted average yield was 11.10% at quarter‑end, including non‑accruals.
Great Elm Capital Corp. is electing to partially redeem its 8.50% Notes due 2029. The company will redeem $6,500,000 aggregate principal amount, or 260,000 Notes, on August 19, 2026, at 100% of principal plus accrued and unpaid interest, pursuant to its Indenture terms.
Each Note will be redeemed at $25.00 plus $0.28924 of accrued interest per Note through, but excluding, the Redemption Date, after which interest on the redeemed Notes will stop accruing. The redemption price will be payable on the Redemption Date to holders of the Notes on July 21, 2026, and payments may be subject to 24% backup withholding if required tax documentation is not provided.
Great Elm Strategic Partnership I, LLC, a ten percent owner of Great Elm Capital Corp., reported a private sale of 180,000 shares of Common Stock on June 29, 2026 at $5.45 per share. The transaction was not executed on the open market and left the holder with 1,378,260 shares of Common Stock.
Great Elm Capital Corp. entered into a material definitive amendment to its Loan, Guarantee and Security Agreement with City National Bank on June 8, 2026. The change updates the maturity of borrowings under the revolving credit facility.
The revolver will now mature on the earlier of June 8, 2029, or March 31, 2029 if the company’s 8.50% notes due 2029 have not been refinanced by that date. The full text of the sixth amendment, including the updated loan agreement, is attached as Exhibit 10.1.
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.