Great Elm Group, Inc. 8-K

What Happened

• Great Elm Group, Inc. filed a Current Report on Form 8-K on January 7, 2026 to present recast reportable-segment financial information. The recast applies to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (originally filed September 2, 2025) to reflect a change in segment reporting implemented in Q1 of fiscal 2026.
• During Q1 FY2026 the Company formed Great Elm Real Estate Ventures, LLC and realigned the information the chief operating decision maker (CODM) uses for performance evaluation. As a result, the Company now reports two segments: Alternative Credit and Real Estate. Prior-period segment results were retrospectively recast to conform to the new presentation. The 8-K states this filing is informational only and does not amend or restate the audited consolidated financial statements in the 2025 Form 10‑K.

Key Details

• Filing date of this 8-K: January 7, 2026 (signed by CFO Keri A. Davis).
• The recast relates to the 2025 Form 10‑K (fiscal year ended June 30, 2025) and follows the segment change described in the Company’s Form 10‑Q for the quarter ended September 30, 2025 (filed November 12, 2025).
• The revised segment disclosures are included as Exhibit 99.1 to the 8-K (revising portions of the 2025 Form 10‑K solely to reflect the new segments).
• The Company emphasizes this is not a restatement of audited consolidated financial statements; it illustrates the impact of the segment change and directs investors to subsequent filings (e.g., the 2026 Form 10‑Q) for later developments.

Why It Matters

• For investors, the change means historical segment metrics (revenue, earnings, assets by segment) have been recast and may differ from earlier segment presentations—important when tracking performance trends or valuing the Alternative Credit business versus the new Real Estate business.
• The update improves transparency around how management evaluates and allocates resources across its investment strategies, but it does not alter the Company’s audited consolidated results. Review Exhibit 99.1 and the Company’s later SEC filings (notably the 2026 Form 10‑Q) for the recast segment numbers and any subsequent operational updates.