secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000950170-23-022269
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEG appoints Keri Davis as CFO after Brent Pearson resigns; Davis also remains CFO of GECC
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- Brent Pearson resigned as CFO and CAO effective May 15, 2023; will stay as non-executive employee through Oct 31, 2023.
- Severance agreement includes $87,500 cash payment on June 30, 2023, and accelerated vesting of unvested shares and options.
- Keri Davis appointed CFO, effective immediately; base salary $240,000, target bonus up to $190,000 (50% cash, 50% equity).
- Davis, 39, has served as CFO and Treasurer of GECC since March 2019 and was previously SEC Reporting Manager at GEG and GECC.
- CEO Jason Reese expressed confidence in Davis' qualifications for the expanded role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023022269/0000950170-23-022269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023022269/geg-20230515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022269

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