Business Context and Reporting Period
This Form 8-K was filed by Great Elm Capital Corp. on February 10, 2020. The filing serves as a disclosure of information released by Great Elm Capital Group, Inc., the parent company of the investment manager, regarding fees payable by the Company for the three months ended December 31, 2019.
Key Financial Metrics
The filing discloses specific fee obligations incurred by the Company for the quarter ended December 31, 2019:
- Management Fees: $0.7 million due from the Company.
- Administration Fees: $0.3 million due from the Company.
The filing text does not provide clear values for total revenue, net profit, cash flow, operating margins, debt levels, or liquidity metrics for the Company.
Material Changes
The filing does not contain comparative data for prior periods to assess material changes in financial performance or position.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the disclosure of the fee amounts. The information is furnished under Regulation FD and is not deemed "filed" for liability purposes under Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the total expense impact of the disclosed $1.0 million in fees against the Company's full quarterly financial statements.
- Confirm the ownership stake of Great Elm Capital Group, Inc. (stated as approximately 19.5% of outstanding common stock).
- Review the full earnings press release from Great Elm Capital Group, Inc. referenced in Item 2.02 for broader context.