secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001140361-22-017735
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group recasts FY2021 results under new convertible-note accounting
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- Recast FY2021 (June 2021) financials to early-adopt ASU 2020-06 retrospectively from July 1, 2021.
- 5.0% Convertible Senior PIK Notes accounted as single liability; no separate equity component.
- Prior-period interest expense, equity and EPS retrospectively adjusted; no restatement.
- GECC filed 10-K amendment on April 19, 2022 for critical-audit-matter language only.
- Filing does not update events after Sept 21, 2021; refer to more recent quarterly reports.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000114036122017735/0001140361-22-017735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000114036122017735/brhc10036842_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-017735

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