--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-22-042544" form_type: "8-K" ticker: "GEG" cik: "0001831096" company_name: "Great Elm Group, Inc." filed_at: "2022-11-21T23:59:59+00:00" generated_at: "2026-06-21T15:13:57.134490+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.3 calibrated_materiality_score: 0.3 confidence: "high" source: SEC EDGAR --- # Great Elm Group stockholders approve 2.9M additional shares under incentive plan at annual meeting ## Summary - 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. ## SEC filing metadata - accession: 0001140361-22-042544 - form_type: 8-K - ticker: GEG - cik: 0001831096 - company_name: Great Elm Group, Inc. - filed_at: 2022-11-21T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.3 - calibrated_materiality_score: 0.3 - confidence: high - sec_items: 5.02, 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/brhc10044533_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-22-042544 - JSON: https://secwatch.observer/filing/0001140361-22-042544.json - Plain text: https://secwatch.observer/filing/0001140361-22-042544.txt ## Key facts - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm - Shareholder Votes Great Elm Group, Inc. shareholders approved Election of directors at the 2022-11-21 meeting. - Proposal: director election - Outcome: passed - Meeting: 2022-11-21 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000114036122042544/0001140361-22-042544-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.