{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-204241","form_type":"8-K","ticker":"GECC","cik":"0001675033","company_name":"Great Elm Capital Corp.","filed_at":"2026-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.714559+00:00","generated_at":"2026-05-14T23:55:57.426138+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"GECC posts Q1 NII $0.36/shr, appoints Jason Reese CEO, waives incentive fees","bullets":["Q1 NII $5.0M ($0.36/shr) vs $4.4M ($0.31/shr) QoQ; total investment income $9.5M, down from $12.6M.","Jason Reese appointed CEO effective May 1, 2026, succeeding Matt Kaplan; Kaplan remains at external adviser GECM.","Adviser waived all accrued incentive fees through Q2 2026, including $2.8M ($0.20/shr) already waived through March 31.","Board declares $0.25/shr Q2 dividend, 18% annualized yield on $5.56 closing price; payable June 30 to holders of record June 15.","Called/redeemed all $57.5M GECCO notes due 2026; no funded debt maturity until 2029; asset coverage 161.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-204241","json":"https://secwatch.observer/filing/0001193125-26-204241.json","markdown":"https://secwatch.observer/filing/0001193125-26-204241.md","text":"https://secwatch.observer/filing/0001193125-26-204241.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/0001193125-26-204241-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/gecc-20260501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:55:57.426138+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":[{"claim_id":"77d8b976b292987962ae6a607735b6c5909faf60","claim":"Great Elm Capital Corp. reported the first quarter ended March 31, 2026 results: revenue $9.5 million, net income $5.0 million, or $0.36 per share, EPS $(0.05).","evidence_excerpt":"approximately 0.1 million shares for $0.5 million, at an average price of $4.98 per share or a 36% discount to the Company’s NAV on March 31, 2026, leaving approximately $9.5 million of remaining capacity under the program for future repurchases. First Quarter and Recent Operating Highlights ▪ Total investment income (“TII”) for the quarter ended March 31,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/0001193125-26-204241-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$9.5 million"},{"label":"Net income","value":"$5.0 million, or $0.36 per share"},{"label":"EPS","value":"$(0.05)"},{"label":"Result","value":"reported results"}]},{"claim_id":"7201b5ce8a","claim":"Matt Kaplan departed as President and Chief Executive Officer at Great Elm Capital Corp..","evidence_excerpt":"Upon Mr. Reese's assumption of this role, Matt Kaplan, who was appointed President and Chief Executive Officer of the Company effective March 4, 2022, concluded his service as the Company's President and Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/0001193125-26-204241-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"concluded his service as"},{"label":"Role","value":"President and Chief Executive Officer"}]},{"claim_id":"83e6a07141","claim":"Jason W. Reese was appointed as Chief Executive Officer at Great Elm Capital Corp..","evidence_excerpt":"On May 1, 2026, the Company's board of directors appointed Jason W. Reese to serve as the Company’s Chief Executive Officer effective immediately following the filing of the Company’s Form 10-Q for the period ended March 31, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/0001193125-26-204241-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}