Great Elm Capital Corp. Announces 2024 Annual Stockholders' Meeting
Ticker: GECCI · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 1675033
| Field | Detail |
|---|---|
| Company | Great Elm Capital Corp. (GECCI) |
| Form Type | DEF 14A |
| Filed Date | Apr 12, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Great Elm Capital Corp., Shareholder Vote, Virtual Meeting
TL;DR
<b>Great Elm Capital Corp. is holding its 2024 Annual Stockholders' Meeting online on May 31, 2024, and is urging shareholders to submit their proxies.</b>
AI Summary
Great Elm Capital Corp. (GECCI) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Great Elm Capital Corp. will hold its 2024 Annual Stockholders' Meeting on May 31, 2024, at 8:30 a.m. ET. The meeting will be conducted online via live webcast at www.virtualshareholdermeeting.com/GECC2024. Stockholders of record and beneficial holders can attend, participate, and submit questions during the meeting. Proxy materials will be delivered to the majority of stockholders over the Internet, with a notice of availability mailed around April 12, 2024. The company urges stockholders to submit their proxies via Internet, telephone, or mail to ensure their vote is counted.
Why It Matters
For investors and stakeholders tracking Great Elm Capital Corp., this filing contains several important signals. The shift to an online meeting and internet delivery of proxy materials aims to reduce costs and conserve resources. Encouraging early proxy submission ensures a quorum and allows for efficient voting, even if shareholders attend the virtual meeting.
Risk Assessment
Risk Level: low — Great Elm Capital Corp. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) for an annual meeting, with no immediate financial or operational changes indicated.
Analyst Insight
Review the proposals to be voted on at the 2024 Annual Stockholders' Meeting to make an informed voting decision.
Key Numbers
- 2024 — Annual Meeting Year (Year of the Annual Stockholders' Meeting.)
- May 31 — Meeting Date (Date of the 2024 Annual Stockholders' Meeting.)
- 8:30 a.m. ET — Meeting Time (Start time of the 2024 Annual Stockholders' Meeting.)
- April 12, 2024 — Notice Date (Approximate date the notice of internet availability will be mailed.)
Key Players & Entities
- Great Elm Capital Corp. (company) — Registrant and filer of the proxy statement.
- 2024 Annual Stockholders' Meeting (event) — The subject of the proxy statement.
- May 31, 2024 (date) — Date of the Annual Meeting.
- April 12, 2024 (date) — Date proxy materials will be made available and notice mailed.
- www.virtualshareholdermeeting.com/GECC2024 (url) — Website for the virtual annual meeting.
FAQ
When did Great Elm Capital Corp. file this DEF 14A?
Great Elm Capital Corp. filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Great Elm Capital Corp. (GECCI).
Where can I read the original DEF 14A filing from Great Elm Capital Corp.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Great Elm Capital Corp..
What are the key takeaways from Great Elm Capital Corp.'s DEF 14A?
Great Elm Capital Corp. filed this DEF 14A on April 12, 2024. Key takeaways: Great Elm Capital Corp. will hold its 2024 Annual Stockholders' Meeting on May 31, 2024, at 8:30 a.m. ET.. The meeting will be conducted online via live webcast at www.virtualshareholdermeeting.com/GECC2024.. Stockholders of record and beneficial holders can attend, participate, and submit questions during the meeting..
Is Great Elm Capital Corp. a risky investment based on this filing?
Based on this DEF 14A, Great Elm Capital Corp. presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) for an annual meeting, with no immediate financial or operational changes indicated.
What should investors do after reading Great Elm Capital Corp.'s DEF 14A?
Review the proposals to be voted on at the 2024 Annual Stockholders' Meeting to make an informed voting decision. The overall sentiment from this filing is neutral.
How does Great Elm Capital Corp. compare to its industry peers?
Great Elm Capital Corp. is a business development company (BDC) that invests in the debt and equity of middle-market companies.
Are there regulatory concerns for Great Elm Capital Corp.?
This filing is a DEF 14A, a standard proxy statement required by the SEC for companies soliciting shareholder votes.
Industry Context
Great Elm Capital Corp. is a business development company (BDC) that invests in the debt and equity of middle-market companies.
Regulatory Implications
This filing is a DEF 14A, a standard proxy statement required by the SEC for companies soliciting shareholder votes.
What Investors Should Do
- Access the proxy materials for the 2024 Annual Stockholders' Meeting.
- Review the proposals and information presented in the proxy statement.
- Submit your proxy vote via internet, telephone, or mail before the meeting.
Key Dates
- 2024-05-31: 2024 Annual Stockholders' Meeting — Key date for shareholder participation and voting.
- 2024-04-12: Notice of Internet Availability Mailing — Date proxy materials become accessible to shareholders.
Year-Over-Year Comparison
This is the initial filing for the 2024 Annual Stockholders' Meeting, providing details on the upcoming event and voting procedures.
Filing Stats: 4,688 words · 19 min read · ~16 pages · Grade level 11.5 · Accepted 2024-04-12 07:40:22
Key Financial Figures
- $0.01 — d shares of our common stock, par value $0.01 per share, as of the close of business
Filing Documents
- ny20023208x1_def14a.htm (DEF 14A) — 449KB
- logo_greatelmcapital.jpg (GRAPHIC) — 27KB
- ny20023208x1_pc01.jpg (GRAPHIC) — 469KB
- ny20023208x1_pc02.jpg (GRAPHIC) — 464KB
- 0001140361-24-019512.txt ( ) — 1771KB
From the Filing
DEF 14A 1 ny20023208x1_def14a.htm DEF 14A TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934   (Amendment No.   ) Filed by the Registrant ☒ Filed by a party other than the Registrant   ☐ Check the appropriate box:   ☐ ​ ​ Preliminary Proxy Statement   ☐ ​ ​ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ ​ ​ Definitive Proxy Statement   ☐ ​ ​ Definitive Additional Materials   ☐ ​ ​ Soliciting Material under § 240.14a-12 GREAT ELM CAPITAL CORP. (Name of Registrant as Specified in Its Charter)   (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ ​ ​ No fee required   ☐ ​ ​ Fee paid previously with preliminary materials   ☐ ​ ​ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 TABLE OF CONTENTS   April 12, 2024 Dear Fellow Stockholders: We invite you to join us at the 2024 Annual Stockholders’ Meeting (the “ Annual Meeting ”) of Great Elm Capital Corp., beginning at 8:30 a.m., Eastern Time, on May 31, 2024. We will be holding the Annual Meeting online via live webcast. Stockholders of record and beneficial holders will be able to attend and participate in the Annual Meeting online and submit their questions during the meeting by visiting www.virtualshareholdermeeting.com/GECC2024 . Stockholders of record and beneficial holders with a legal proxy will be able to vote their shares electronically during the Annual Meeting. The Notice of 2024 Annual Stockholders’ Meeting and proxy statement accompanying this letter describe the business that will be discussed and voted upon at the Annual Meeting. We elected to deliver our proxy materials to the majority of our stockholders over the Internet. On or about April 12, 2024, we will mail a notice of Internet availability (the “ Notice ”) and make our proxy materials available to our stockholders over the Internet. The Notice contains instructions on how to access our proxy materials over the Internet, as well as how to receive a paper copy of our proxy materials. This approach conserves natural resources, reduces our printing and distribution costs and expedites stockholders’ receipt of proxy materials. Your vote is very important . Whether or not you plan to virtually attend the Annual Meeting, we urge you to authorize and submit your proxies over the Internet, by telephone or by mail as soon as possible. This will not prevent you from voting in person (virtually). If you virtually attend the Annual Meeting you will have the right to revoke your proxy and vote your shares in person (virtually). If your shares are held in the name of a brokerage firm, bank or other nominee of record, please follow the voting instructions appearing on your voting instruction card or the information set forth in the proxy materials. Your vote and participation in our governance are very important to us. On behalf of our Board of Directors, thank you for your continued support. Sincerely, /s/ Matt Kaplan Matt Kaplan   Chief Executive Officer TABLE OF CONTENTS NOTICE OF 2024 ANNUAL STOCKHOLDERS’ MEETING TO BE HELD ON MAY 31, 2024 April 12, 2024 The 2024 Annual Stockholders’ Meeting (the “ Annual Meeting ”) of Great Elm Capital Corp., a Maryland corporation (the “ Company ”), will be held on Friday, May 31, 2024, beginning at 8:30 a.m., Eastern Time, online at www.virtualshareholdermeeting.com/GECC2024 . The following matters will be considered and voted on at the Annual Meeting: • The election of Matthew A. Drapkin and Erik A. Falk as the Class II directors of the Board of Directors, with each to serve until the third annual meeting of stockholders following his election and until his successor is duly elected and qualifies; • The 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; and • Other matters that may properly come before the Annual Meeting and any postponement or adjournment thereof. The items to be considered at the Annual Meeting may be considered at the Annual Meeting or any postponement or adjournment thereof. You are entitled to vote at and virtually attend the Annual Meeting, or any postponement or adjournment thereof, only if you were a stockholder of record at the