UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 17, 2021


Great Elm Group, Inc.
(Exact name of Registrant as Specified in Its Charter)

Delaware
  
001-39832
  
85-3622015
(State or Other Jurisdiction of Incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)

800 South Street, Suite 230,
Waltham, MA
  
02453
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s Telephone Number, Including Area Code:  (617) 375-3006


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common stock, par value $0.001 per share
  
GEG
  
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On November 17, 2021, Great Elm Group, Inc. (the “Corporation”) held its 2021 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders of the Corporation approved the Amendment (the “Amendment”) to the Great Elm Group, Inc. Amended and Restated 2016 Long-Term Incentive Compensation Plan (the “Plan”) to increase the number of shares of the Corporation’s common stock, par value $0.001 per share (“Common Stock”), authorized for issuance thereunder by 2,000,000, effective as of the date of the Annual Meeting. The Plan (reflecting the Amendment) is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07
Submission of Matters to a Vote of Security Holders.
 
On November 17, 2021, the Corporation held the Annual Meeting.  The results of the voting at the Annual Meeting were as follows:
 
 
For
  
Against
  
Abstain
  
Broker Non-Votes
Election of directors:
              
Matthew A. Drapkin
9,609,514
  
7,695,651
  
539
  
6,714,348
Thomas S. Harbin III
12,681,224
  
4,623,941
  
539
  
6,714,348
James H. Hugar
12,343,337
  
4,961,828
  
539
  
6,714,348
James P. Parmelee
10,636,557
  
6,668,608
  
539
  
6,714,348
Peter A. Reed
12,799,317
  
4,505,844
  
543
  
6,714,348
Jason W. Reese
13,258,564
  
4,046,601
  
539
  
6,714,348
Eric J. Scheyer
12,316,922
  
4,988,239
  
543
  
6,714,348
Jeffrey S. Serota
10,619,086
  
6,686,075
  
543
  
6,714,348
               
Approval of the Amendment to the Amended and Restated 2016 Long-Term Incentive Compensation Plan to increase the number of shares of Common Stock authorized for issuance thereunder by 2,000,000
14,734,890
  
2,566,917
  
3,897
  
6,714,348
               
Ratification of the selection of Grant Thornton LLP to serve as the Corporation’s independent registered public accounting firm for the fiscal year ending June 30, 2022
23,954,828
  
48,110
  
17,114
  
0
               
Approval, on a non-binding advisory basis, of the compensation of the Corporation’s named executive officers
9,657,475
  
6,875,737
  
772,492
  
6,714,348

9.01
Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
Description
   
Great Elm Group, Inc. Amended and Restated 2016 Long-Term Incentive Compensation Plan (As Amended, Effective November 17, 2021)
104
The cover page from this Current Report on Form 8-K, formatted as inline XBRL
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
GREAT ELM GROUP, INC.
   
Date:  November 17, 2021
/s/ Brent J. Pearson
 
By:
Brent J. Pearson
 
Title:
Chief Financial Officer


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