---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-085720"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:41:08.339224+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital reports Q4 NII of $0.31/share, appoints Jason Reese as Executive Chairman

## Summary
- Net investment income of $0.31 per share in Q4 2025, up >50% from $0.20 in Q3 2025.
- GAAP NAV fell to $8.07 per share from $10.01; pro forma NAV $8.23 after incentive fee waiver of $2.3M.
- Board declared $0.30/share Q1 2026 dividend, annualized yield of 19.2% on $6.26 closing price.
- Jason Reese appointed Executive Chairman, succeeding Matthew Drapkin; Drapkin continues as GEG Vice Chairman.
- Called $20M of GECCO notes for redemption on Mar 31, 2026; $10M common stock repurchase authorized.

## SEC filing metadata
- accession: 0001193125-26-085720
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000119312526085720/0001193125-26-085720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000119312526085720/gecc-20260302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-085720
- JSON: https://secwatch.observer/filing/0001193125-26-085720.json
- Plain text: https://secwatch.observer/filing/0001193125-26-085720.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.