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8-K filed November 21, 2022, 6:59 PM ET ticker GEG CIK 0001831096

other material confidence high sentiment neutral materiality 0.30

Great Elm Group stockholders approve 2.9M additional shares under incentive plan at annual meeting

Great Elm Group, Inc.

Stockholders approved issuance of 2,900,000 additional shares under the 2016 Long-Term Incentive Compensation Plan.
Elected six directors: Drapkin, Hugar, Matter, Parmelee, Reese, Scheyer for one-year terms.
Approved share issuance to repay $5.7M promissory note and $2.0M earnouts related to Monomoy Properties REIT acquisition.
Ratified Grant Thornton as independent auditor for fiscal year ending June 30, 2023.
Advisory vote on executive compensation passed with 12.6M for, 7.0M against, 688K abstain.

item 5.02 item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Great Elm Group, Inc. shareholders approved Approval of the issuance of shares of the Company’s Common Stock, based on the volume-weighted average price of the Company’s Common Stock for the 30-day period prior to the date of issuance, sufficient to repay the outstanding principal amount of the $5.7 million promissory note issued by Great Elm at the 2022-11-21 meeting.

Outcome: passed
Meeting: 2022-11-21

Exact text from the filing

Approval of the issuance of shares of the Company’s Common Stock, based on the volume-weighted average price of the Company’s Common Stock for the 30-day period prior to the date of issuance, sufficient to repay the outstanding principal amount of the $5.7 million promissory note issued by Great Elm Capital, Inc. (“GECM”) to Imperial Capital Asset Management, LLC (“ICAM”) and pay the $2.0 million in earnouts (if required) pursuant to an asset purchase agreement, dated as of May 4, 2022, between GECM and ICAM with respect to GECM’s acquisition of the investment management agreement and certain related assets for Monomoy Properties REIT, LLC 19,410,797 813,601 2,229 5,500,320

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Great Elm Group, Inc. shareholders approved Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers at the 2022-11-21 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2022-11-21

Exact text from the filing

Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers 12,578,681 6,959,973 687,973 5,500,320

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Great Elm Group, Inc. shareholders approved Approval of 2,900,000 additional shares of the Company’s Common Stock authorized for issuance under the Plan at the 2022-11-21 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2022-11-21

Exact text from the filing

Approval of 2,900,000 additional shares of the Company’s Common Stock authorized for issuance under the Plan 18,823,872 1,401,985 770 5,500,320

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Great Elm Group, Inc. shareholders approved Election of directors at the 2022-11-21 meeting.

Proposal: director election
Outcome: passed
Meeting: 2022-11-21

Exact text from the filing

Election of directors: Matthew A. Drapkin 12,845,655 7,379,409 1,563 5,500,320 James H. Hugar 14,870,903 5,354,161 1,563 5,500,320 David Matter 18,269,980 1,955,084 1,563 5,500,320 James P. Parmelee 13,111,329 7,113,735 1,563 5,500,320 Jason W. Reese 15,217,284 5,007,779 1,564 5,500,320 Eric J. Scheyer 14,061,163 6,163,900 1,564 5,500,320

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Great Elm Group, Inc. shareholders approved Ratification of the selection of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023 at the 2022-11-21 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2022-11-21

Exact text from the filing

Ratification of the selection of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023 25,035,828 670,660 20,459 0

View on SEC.gov

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Great Elm Group, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-042544

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