Business Context and Reporting Period
This Form 8-K filing by Great Elm Capital Corp. covers events occurring on May 7, 2020, and May 11, 2020. The report primarily addresses the results of the 2020 Annual Meeting of Stockholders and references a press release and presentation issued on May 11, 2020, regarding the company's results of operations and financial condition.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced exhibits (Exhibit 99.1 and 99.2) which are furnished but not deemed "filed" for purposes of Section 18 of the Exchange Act.
Material Changes
No material changes to financial metrics are detailed within the body of this filing. The document serves as a notification of the Annual Meeting results and the issuance of a separate press release containing operational results.
Corporate Governance and Voting Results
On May 7, 2020, the Company held its 2020 Annual Meeting. The voting results were as follows:
- Election of Directors:
- Mark Kuperschmid: 3,753,484 votes For; 1,076,864 votes Against or Withheld; 4,192,006 Abstentions and Broker Non-Votes.
- Michael C. Speller: 3,753,902 votes For; 1,076,446 votes Against or Withheld; 4,192,006 Abstentions and Broker Non-Votes.
- Ratification of Independent Auditor: Deloitte & Touche LLP was ratified with 8,303,873 votes For; 104,878 votes Against; and 108,829 Abstentions.
Outlook and Risks
The filing references a press release and presentation dated May 11, 2020, which likely contain management commentary, guidance, and risk factors. However, the specific content of these exhibits is not included in the text of this Form 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) and Exhibit 99.2 (Presentation) for specific Q1 2020 financial results, as they are not detailed in this filing.
- Verify the total share count and voting power to contextualize the significant number of abstentions and broker non-votes (over 4 million) in the director elections.
- Confirm the status of the company's registered securities (Common Stock GECC and various Notes) on the Nasdaq Global Market.