Business Context and Reporting Period
This Form 8-K was filed by Great Elm Capital Corp. on May 10, 2019. The filing serves to disclose specific financial data regarding fees payable to Great Elm Capital Group, Inc., the parent company of the investment manager, which holds approximately 18.8% of the Company's outstanding common stock.
Key Financial Metrics
The filing discloses the following fees due from the Company for the three months ended March 31, 2019:
- Accrued but unpaid incentive fees and deferred incentive fees: $0.7 million
- Management fees: $0.7 million
- Administration fees: $0.2 million
The filing text does not provide clear values for total revenue, net profit, cash flow, margins, debt, or liquidity metrics for the Company.
Material Changes
The filing does not provide comparative data for the prior period to determine material changes in financial performance.
Guidance, Outlook, and Risks
The information provided is furnished pursuant to Item 2.02 and Item 7.01 (Regulation FD Disclosure) and is not deemed "filed" for purposes of Section 18 of the Exchange Act. The filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies beyond the disclosed fee obligations.
Investor Verification Checklist
- Verify the total aggregate fees payable to the investment manager's parent company for the quarter ended March 31, 2019.
- Confirm the ownership percentage of Great Elm Capital Group, Inc. in Great Elm Capital Corp. (stated as 18.8%).
- Review the full earnings press release and investor presentation issued by Great Elm Capital Group, Inc. on May 10, 2019, for comprehensive financial results not detailed in this 8-K.