secwatch / observer
8-K filed May 5, 2023, 7:59 PM ET ticker GEG CIK 0001831096
leadership confidence high sentiment neutral materiality 0.85

Great Elm Group CEO resigns, new CEO appointed; Q3 revenue up 92%, net loss narrows

Great Elm Group, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Peter A. Reed

Chief Executive Officer
GEG · Great Elm Group, Inc.
Effective
2023-05-04
Successor
Jason W. Reese
Filed
May 5, 2023, 7:59 PM ET
On May 4, 2023, Peter A. Reed resigned as Chief Executive Officer of the Company, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023.
Role change

Jason W. Reese

Chairman and Chief Executive Officer
GEG · Great Elm Group, Inc.
Effective
2023-05-04
Filed
May 5, 2023, 7:59 PM ET
On May 4, 2023, the Company appointed Jason W. Reese, age 57, as the Company’s Chairman and Chief Executive Officer, effective immediately following Mr. Reed’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Great Elm Group, Inc. reported fiscal third quarter ended March 31, 2023 results: revenue $1.9 million, net income $0.5 million.

Period
fiscal third quarter ended March 31, 2023
Revenue
$1.9 million
Net income
$0.5 million
Result
reported results
Exact text from the filing
During the three months ended March 31, 2023, GEG reported total revenue of $1.9 million, a 92% increase compared to $1.0 million during the same period in the prior year. The increase primarily related to the May 2022 acquisition of the Monomoy REIT management agreement. During the three months ended March 31, 2023, GEG recorded a net loss from continuing operations of $0.5 million, compared to a net loss from continuing operations of $6.5 million during the same period in the prior year.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Peter A. Reed resigned as Chief Executive Officer at Great Elm Group, Inc..

Action
resigned
Role
Chief Executive Officer
Exact text from the filing
On May 4, 2023, Peter A. Reed resigned as Chief Executive Officer of the Company, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jason W. Reese was appointed as Chairman and Chief Executive Officer at Great Elm Group, Inc..

Action
appointed
Role
Chairman and Chief Executive Officer
Exact text from the filing
On May 4, 2023, the Company appointed Jason W. Reese, age 57, as the Company’s Chairman and Chief Executive Officer, effective immediately following Mr. Reed’s resignation.
View on SEC.gov

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Great Elm Group, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-018067
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