Welcome to our dedicated page for Great Elm Capital SEC filings (Ticker: GECC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page compiles U.S. Securities and Exchange Commission filings for Great Elm Capital Corp. (GECC), an externally managed business development company. GECC files a range of documents with the SEC that describe its investment portfolio, capital structure, and material corporate events, providing a detailed regulatory record for investors and analysts.
Key filings include periodic reports such as Forms 10-K and 10-Q, which contain information on GECC’s total investments, portfolio composition across corporate credit, specialty finance, CLOs, and equity holdings, as well as disclosures on total investment income, net investment income, and net asset value per share. These reports also outline the company’s use of leverage, including outstanding senior notes and borrowings under its revolving credit facility with City National Bank.
GECC’s Form 8-K filings highlight significant developments. Recent 8-Ks describe underwritten offerings of 7.75% notes due 2030, the related supplemental indenture and covenants, amendments to the revolving credit facility that increase borrowing capacity and modify interest terms, private placements of common stock, and notices of redemption for the 8.75% notes due 2028. Other 8-Ks furnish earnings press releases and preliminary financial information, as well as detailed commentary on specific portfolio exposures such as the First Brands Group, LLC investments.
Investors researching GECC’s exchange-traded notes can review filings related to each series, including GECCO, GECCI, GECCH, and GECCG, to understand maturity dates, interest rates, redemption provisions, and listing status. A Form 25 filing by the Nasdaq Stock Market LLC addresses the removal from listing and/or registration of the 8.75% notes due 2028. With real-time updates from EDGAR and AI-powered summaries, this filings page helps users navigate complex documents, identify material changes in GECC’s financing and portfolio, and locate information on topics such as leverage, asset coverage, and note covenants.
Great Elm Capital Corp. amendment to a Schedule 13D reports that Northern Right-related entities and Matthew A. Drapkin may be deemed to beneficially own approximately 6.2% of the Company’s Common Stock as of March 5, 2026.
The percentage is calculated using 13,998,168 shares outstanding as of February 23, 2026. The filing notes Mr. Drapkin ceased serving as a director on February 27, 2026 and the Reporting Persons state they no longer hold securities to change or influence control.
Great Elm Capital Corp. director Jason W. Reese filed an initial ownership report showing indirect holdings of the company’s Common Stock. According to the filing, 87,237 shares are held by IC Leverage Income Fund, LLC and 229,460 shares are held by Imperial Capital Group Holdings II, LLC. Mr. Reese has voting and dispositive power over the shares held by both entities.
Great Elm Capital Corp. reported fourth quarter 2025 results showing strong income but significant valuation pressure. Total investment income was $12.6 million, generating net investment income of $4.4 million, or $0.31 per share, more than 50% higher than the prior quarter as higher cash income from investments flowed through.
However, net realized and unrealized losses of about $26.4 million, mostly unrealized, reduced net asset value from $10.01 to $8.07 per share, with full‑year net losses of $49.1 million. The board declared a $0.30 per share cash distribution for the first quarter of 2026, equating to a 19.2% annualized yield on the February 27, 2026 closing price of $6.26.
The company is also reshaping governance and its balance sheet. Jason Reese was appointed Executive Chairman, succeeding Matthew Drapkin, and the external adviser waived all accrued incentive fees of approximately $2.3 million, or $0.16 per share, as of December 31, 2025, plus first quarter 2026 incentive fees. GECC repurchased and called portions of its GECCO notes and authorized up to $10 million of common share repurchases, while ending 2025 with $5 million of cash, $50 million of undrawn revolver capacity, and about $11 million of liquid exchange‑traded assets.
Great Elm Capital Corp. (GECC) describes its business as a closed-end, externally managed BDC and RIC that seeks current income and capital appreciation by lending to middle‑market companies and specialty finance platforms. It focuses on secured and senior secured debt, CLO equity through its CLO Formation JV, LLC, and income‑generating equity in specialty finance businesses.
The filing highlights concentration in a limited number of portfolio companies and industries, with large positions in the CLO JV, Great Elm Specialty Finance, LLC, and Vivos Holdings, LLC. GECC outlines rigorous, research‑driven underwriting and ongoing monitoring, including detailed due diligence and active portfolio oversight.
The company explains its external management agreement with Great Elm Capital Management, LLC, including a 1.50% base management fee on average adjusted gross assets and performance‑based incentive fees tied to net investment income above a 7.00% annualized hurdle and to realized capital gains. It also discloses extensive risk factors, such as credit risk in middle‑market borrowers, distressed lending exposure, regulatory constraints of BDC and RIC status, cybersecurity, and potential conflicts of interest.
Great Elm Capital Corp. is redeeming $20,000,000 aggregate principal amount of its 5.875% Notes due 2026 on March 31, 2026. Holders will receive 100% of principal, or $25.00 per Note, plus any accrued and unpaid interest through, but excluding, the redemption date.
Interest from December 31, 2025 to March 31, 2026 will be paid on March 31, 2026 to holders of record as of March 15, 2026, so the company does not expect additional accrued interest outstanding on the redemption date. After redemption, interest on the redeemed Notes will cease to accrue and holders’ remaining right will be payment of the redemption price upon surrender.
Great Elm Capital Corp. filed a shelf prospectus to register the resale of 1,290,000 shares of its common stock by selling stockholders, including shares issued to Poor Richard LLC in a private placement on August 27, 2025 at $11.65 per share. The company will receive no proceeds from these secondary sales. The prospectus notes the last reported Nasdaq sale price of $6.79 as of February 18, 2026 and a net asset value per share of $10.02 as of September 30, 2025. The selling stockholders may sell shares at varying prices and by multiple methods, and sales may occur below NAV, which the prospectus warns could adversely affect market price.
Great Elm Capital Corp. (GECC) reported an insider purchase by its CEO and President. On 11/07/2025, the executive bought 19,650 shares of common stock in an open‑market transaction coded “P.” The weighted average price was $7.64, with individual trades executed between $7.55 and $7.74. Following this transaction, the executive beneficially owns 142,400 shares, held directly.
The filing notes the price is a weighted average and the reporting person will provide full trade-by-trade details upon request.
Great Elm Capital Corp. filed its quarterly report for the period ended September 30, 2025. The filing lists a broad schedule of investments spanning first- and second‑lien secured loans, secured and unsecured bonds, CLO equity, private funds, common equity and warrants across multiple industries including chemicals, technology, consumer services, metals & mining, retail, transportation, insurance and restaurants.
Many debt positions reference floating benchmarks such as 1‑month, 3‑month, and 6‑month SOFR or Prime, often with stated spreads, interest rate floors and cash/PIK components, with maturities extending into 2031. GECC’s securities are listed on the Nasdaq Global Market, including common stock GECC and notes GECCO, GECCI, GECCH, and GECCG. As of October 29, 2025, 13,998,168 common shares were outstanding.
Great Elm Capital Corp. (GECC) furnished an earnings press release as Exhibit 99.1 in a Form 8-K filed under Item 2.02. The company states the press release, dated November 4, 2025, is being furnished and not deemed filed under the Exchange Act, and thus is not subject to Section 18 liabilities nor incorporated by reference except as specifically indicated.
The filing also lists GECC’s securities on the Nasdaq Global Market, including common stock (GECC) and publicly traded notes: 5.875% Notes due 2026 (GECCO), 8.50% Notes due 2029 (GECCI), 8.125% Notes due 2029 (GECCH), and 7.75% Notes due 2030 (GECCG).