Great Elm Capital Corp. Files 8-K on Debt and Equity
Ticker: GECCI · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1675033
| Field | Detail |
|---|---|
| Company | Great Elm Capital Corp. (GECCI) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, filing, corporate-action
TL;DR
GECC filed an 8-K detailing its various notes due 2025-2029 and common stock.
AI Summary
Great Elm Capital Corp. filed an 8-K on June 3, 2024, reporting on matters submitted to a vote of security holders as of May 31, 2024. The filing details various debt instruments, including notes due in 2029, 2028, 2026, and 2025, with interest rates ranging from 5.875% to 8.50%. It also references common stock.
Why It Matters
This filing provides an update on Great Elm Capital Corp.'s capital structure, specifically detailing various outstanding debt notes and common stock, which is important for investors assessing the company's financial obligations and equity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate new or unusual risks.
Key Numbers
- 2029 — Notes Due Year (Maturity date for one series of notes)
- 2028 — Notes Due Year (Maturity date for another series of notes)
- 2026 — Notes Due Year (Maturity date for another series of notes)
- 2025 — Notes Due Year (Maturity date for another series of notes)
Key Players & Entities
- Great Elm Capital Corp. (company) — Registrant
- May 31, 2024 (date) — Period of report
- June 3, 2024 (date) — Filing date
- 8.50% (dollar_amount) — Interest rate on notes due 2029
- 8.75% (dollar_amount) — Interest rate on notes due 2028
- 5.875% (dollar_amount) — Interest rate on notes due 2026
- 6.75% (dollar_amount) — Interest rate on notes due 2025
FAQ
What specific matters were submitted to a vote of security holders?
The filing does not explicitly detail the specific matters submitted to a vote, but it lists various debt instruments and common stock as of May 31, 2024, suggesting these might be related to corporate actions or financing.
What are the interest rates on the notes mentioned in the filing?
The filing mentions notes with interest rates of 8.50% (due 2029), 8.75% (due 2028), 5.875% (due 2026), and 6.75% (due 2025).
When is the earliest event reported in this 8-K?
The earliest event reported is dated May 31, 2024.
What is the company's state of incorporation?
Great Elm Capital Corp. is incorporated in Maryland.
What is the company's business address?
The company's business address is 3801 PGA Boulevard, Suite 603, Palm Beach Gardens, FL 33410.
Filing Stats: 470 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-03 06:02:24
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value GECC Nasdaq Global Market
Filing Documents
- gecc-20240531.htm (8-K) — 57KB
- 0000950170-24-067623.txt ( ) — 227KB
- gecc-20240531.xsd (EX-101.SCH) — 57KB
- gecc-20240531_htm.xml (XML) — 9KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On May 31, 2024, Great Elm Capital Corp. (the "Company") held its 2024 annual meeting of its stockholders (the "Annual Meeting"). The results of the voting at the Annual Meeting were as follows: For Withheld Broker Non-Votes Election of directors: Matthew A. Drapkin 5,677,486 381,662 2,005,936 Erik A. Falk 5,713,754 345,394 2,005,936 For Against Abstain Ratification of the appointment of Deloitte & Touche LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 7,833,013 209,283 22,788
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREAT ELM CAPITAL CORP. Date: June 3, 2024 /s/ Keri A. Davis By: Keri A. Davis Title: Chief Financial Officer