Great Elm Group Amends 13D Filing for Great Elm Capital Corp.
Ticker: GEGGL · Form: SC 13D/A · Filed: Sep 25, 2024 · CIK: 1831096
| Field | Detail |
|---|---|
| Company | Great Elm Group, INC. (GEGGL) |
| Form Type | SC 13D/A |
| Filed Date | Sep 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: GECC
TL;DR
GEG filed 13D/A for GECC, Jason Reese involved. Watch this space.
AI Summary
On September 20, 2024, Great Elm Group, Inc. filed an amendment (No. 11) to its Schedule 13D regarding Great Elm Capital Corp. The filing indicates a change in beneficial ownership, with Jason W. Reese, associated with Great Elm Group, Inc., being a key figure. The filing pertains to Great Elm Capital Corp.'s common stock.
Why It Matters
This amendment signals a potential shift in control or strategy for Great Elm Capital Corp., as a significant shareholder is updating their disclosures. Investors should monitor further filings for details on the nature of the change.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a company's ownership structure or strategic intentions, which can introduce volatility.
Key Players & Entities
- Great Elm Group, Inc. (company) — Filing party and owner
- Great Elm Capital Corp. (company) — Subject company
- Jason W. Reese (person) — Authorized to receive notices and communications for Great Elm Group, Inc.
FAQ
What is the specific nature of the change in beneficial ownership being reported in this amendment?
The filing is an amendment (No. 11) to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not fully elaborated in the provided header information.
Who is Jason W. Reese and what is his role in relation to Great Elm Group, Inc. and Great Elm Capital Corp.?
Jason W. Reese is named as the person authorized to receive notices and communications for Great Elm Group, Inc., and is associated with the company's filing regarding Great Elm Capital Corp.
What is the date of the event that required this filing?
The date of the event which requires filing of this statement is September 20, 2024.
What is the CUSIP number for Great Elm Capital Corp. common stock?
The CUSIP number for Great Elm Capital Corp. common stock is 390320703.
What is the business address for both Great Elm Group, Inc. and Great Elm Capital Corp.?
The business address for both entities is 3801 PGA BOULEVARD, SUITE 603, PALM BEACH GARDENS, FL 33410.
Filing Stats: 902 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-09-25 09:29:34
Key Financial Figures
- $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
- $0 — 9,888 shares of common stock, par value $0.01, outstanding, as reported on the Iss
Filing Documents
- ef20036254_sc13da.htm (SC 13D/A) — 40KB
- 0001140361-24-041842.txt ( ) — 42KB
of the Schedule 13D is hereby amended and supplemented by adding the following
Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following: (a) and (b) The aggregate percentage of Common Stock reported to be owned by the Reporting Person is based on 10,449,888 shares of Common Stock outstanding, as reported on the Issuer's Quarterly Report on Form 10-Q for the Quarterly Period Ended June 30, 2024, filed August 1, 2024. As of September 24, 2024, the Reporting Person may be deemed to beneficially own 1,440,722 shares of Common Stock, which represents approximately 13.8% of the issued and outstanding shares of Common Stock. To the Reporting Person's knowledge, the directors and executive officers of the Reporting Person beneficially own in the aggregate 1,447,984 shares of Common Stock, which represents approximately 13.9% of the issued and outstanding shares of Common Stock. (c) On September 20, 2024, the Reporting Person transferred 31,879 shares of Common Stock in connection with vested grants of Common Stock made as compensation awards. On September 20, 2024, the Reporting Person transferred 25,573 shares of Common Stock in connection with the vesting of grants of Common Stock previously made as compensation awards. On September 24, 2024, the Reporting Person transferred 9,177 shares of Common Stock in connection with the vesting of grants of Common Stock previously made as compensation awards. On September 24, 2024, the Reporting Person transferred 10,811 shares of Common Stock in connection with a dividend associated with the portion of previous compensation awards that vested on the anniversary of those grant dates. Page 4 of 4
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: September 25, 2024 By: /s/ Keri A. Davis Name: Keri A. Davis Title: Chief Financial Officer & Chief Accounting Officer