{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-264872","form_type":"8-K","ticker":"GECC","cik":"0001675033","company_name":"Great Elm Capital Corp.","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.118399+00:00","generated_at":"2026-05-17T00:39:17.518886+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GECC Q3 NAV per share $10.01, NII $0.20; maintains $0.37 dividend, $10M buyback","bullets":["Q3 NAV per share $10.01 vs $12.10 in Q2, drop driven by First Brands bankruptcy unrealized losses of ~$24.4M.","NII per share $0.20 vs $0.51 in Q2; total investment income $10.6M, down from $14.3M due to lower CLO distributions.","Board maintains $0.37 quarterly dividend (19.8% yield on $7.48 close) and authorizes new $10M share repurchase.","Strengthened balance sheet: raised $27M equity, refinanced 8.75% notes with 7.75% notes, doubled revolver to $50M.","Management expects NII recovery in Q4 with increased CLO distributions, normalized interest expense, new deployments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-264872","json":"https://secwatch.observer/filing/0001193125-25-264872.json","markdown":"https://secwatch.observer/filing/0001193125-25-264872.md","text":"https://secwatch.observer/filing/0001193125-25-264872.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675033/000119312525264872/0001193125-25-264872-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675033/000119312525264872/gecc-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:39:17.518886+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}