Here are the 8-K filings from Great Elm Capital Corp. 8.125% Notes Due 2029 (GECCH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow GECCH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GECCH filings page.
Great Elm Capital Corp. (GECC) reported third-quarter 2026 net investment income of $2.4 million, or $0.17 per share, down from $4.5 million, or $0.32 per share, in the second quarter. Total investment income was $8.7 million versus $10.9 million in the prior quarter; the company attributed lower NII to lower investment income and reinstated incentive-fee accruals.
Net assets were $102.7 million, or $7.40 per share, down 6.9% quarter over quarter, primarily due to realized and unrealized investment losses, including a $3.3 million decrease in the CLO Formation JV’s fair value. Third-quarter earnings per share were a $0.30 loss, and realized and unrealized losses totaled approximately $6.6 million. As of September 30, 2026, GECC had $6 million of cash and money-market investments, $44 million of revolver availability and $154.9 million of total debt outstanding at par. The board declared a $0.25-per-share fourth-quarter distribution, payable December 31, 2026, to holders of record December 15, 2026. From July 1 through October 30, GECC repurchased 241,235 shares for $1.2 million, averaging $4.95 per share, a 33% discount to September 30 NAV.
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 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 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.
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. 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. 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.
Great Elm Capital Corp. is redeeming $20,000,000 aggregate principal amount of its 5.875% Notes due 2026 on March 31, 2026. Holders will receive 100% of principal, or $25.00 per Note, plus any accrued and unpaid interest through, but excluding, the redemption date.
Interest from December 31, 2025 to March 31, 2026 will be paid on March 31, 2026 to holders of record as of March 15, 2026, so the company does not expect additional accrued interest outstanding on the redemption date. After redemption, interest on the redeemed Notes will cease to accrue and holders’ remaining right will be payment of the redemption price upon surrender.