Great Elm Capital Group, Inc. (NASDAQ:GEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Great Elm Capital Group, Inc. (NASDAQ:GEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Great Elm Capital Group, Inc. (NASDAQ:GEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory

Arrangements of Certain Officers.

As previously announced, John J. Woods notified Great Elm Capital Group, Inc. (the “Company”) of his intent to resign as its Chief Financial Officer.Such resignation is effective as of February 28, 2019.

On February 28, 2019, the Company appointed Brent J. Pearson to serve as its interim Chief Financial Officer. Mr. Pearson currently serves as the Company’s Chief Accounting Officer. Prior to joining the Company in October 2018, Mr. Pearson, 37, was a Senior Manager in the audit practice at Deloitte & Touche LLP (“Deloitte”), a global professional audit, consulting, tax and advisory services firm. He has been employed in various capacities in the audit practice at Deloitte since 2005.

There are no arrangements or understandings between Mr. Pearson and any other person to which he was selected as interim Chief Financial Officer. There are no family relationships between Mr. Pearson and any director or executive officer of the Company, and Mr. Pearson has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.

About Great Elm Capital Group, Inc. (NASDAQ:GEC)

Great Elm Capital Group, Inc., formerly Unwired Planet, Inc., is a holding company. The Company makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Company continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value. The Company intends to build a diversified investment company consisting of the following three business lines: investment management, financial products and merchant banking. It is embarking on a program of creating bespoke financial products and creating a pipeline of acquisition opportunities. The Company’s subsidiary is Great Elm Capital Corporation (GECC).