other material
confidence high
sentiment neutral
materiality 0.55
CEO Reese waives voting rights on shares granted by Great Elm Group
Great Elm Group, Inc.
- Chairman/CEO Jason Reese waives all voting rights on GEG-issued shares granted as officer/director/employee (Covered Shares).
- Waiver automatically terminates if Reese leaves, GEG seeks vote on share issuance/asset sale, his beneficial stake falls below 15%, or third-party takeover filing.
- Covered Shares exclude indirectly owned shares or shares acquired outside of GEG grants; transfers of Covered Shares to third parties end the waiver.
- Agreement effective October 29, 2024; both parties may extend in writing after a Termination Event.