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$GECC·8-K

Great Elm Capital Corp. · Mar 2, 5:10 PM ET

Great Elm Capital Corp. 8-K

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Great Elm Capital Furnishes Earnings Press Release; Chairman Change

What Happened Great Elm Capital Corp. filed a Form 8-K on March 2, 2026 furnishing an earnings press release (Exhibit 99.1). Separately, on February 27, 2026, Director and Chairman Matthew A. Drapkin notified the company he would resign effective immediately following the filing of the Company’s Form 10‑K for the period ended December 31, 2025. The Board appointed Jason W. Reese to fill the vacancy; Mr. Reese will serve as a Class II director through the 2027 annual meeting and as Executive Chairman, effective when Mr. Drapkin’s resignation becomes effective.

Key Details

  • Press release furnished as Exhibit 99.1 to the 8‑K dated March 2, 2026 (information furnished, not “filed” under Section 18).
  • Matthew A. Drapkin’s resignation announced Feb 27, 2026; not the result of any disagreement with the company.
  • Jason W. Reese appointed Feb 27, 2026 to serve as Class II director (term expiring at 2027 annual meeting) and Executive Chairman; Board does not currently expect to place him on any Board committees.
  • Mr. Reese will not receive compensation for Board service. He is Co‑Founder/Chairman/CEO of Imperial Capital Asset Management (ICAM), serves on the investment committee of the company’s advisor GECM, and is CEO/Chairman of Great Elm Group, Inc. (GEG), which owns ~9.7% of the company’s common stock as of the filing date.

Why It Matters The filing signals two immediate items for investors: (1) an earnings/financial-results press release is available and should be reviewed for any material operational or financial updates, and (2) a leadership change at the Chairman level. Jason Reese brings capital‑markets and real‑estate experience and has existing ties to the company’s advisor and parent (GECM/GEG), which may influence governance or alignment with management; investors should note the disclosed related-party relationships (ownership and service agreements) and that Reese will not be paid for Board service. Review the Exhibit 99.1 press release and the upcoming Form 10‑K for the detailed financial results and additional context.

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