secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001193125-26-204241
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GECC posts Q1 NII $0.36/shr, appoints Jason Reese CEO, waives incentive fees
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/0001193125-26-204241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000119312526204241/gecc-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-204241

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