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Posted 25 May, 2022

Great Elm Group, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:GEG in a 8-K filed on 25 May, 2022.


  On May 24, 2022, Peter A. Reed tendered his notice of resignation from the Board of Directors (the "Board") of Great Elm Group, Inc. (the "Company"). Mr. Reed will continue his service as the Company's Chief Executive Officer and has indicated to the Company that his resignation is not the result of any dispute or disagreement with the Company.  

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Overview of Great Elm Group, Inc.
Technology • Software
Great Elm Group, Inc. operates as a holding company. It engages in the provision of investment management and real estate management services. It operates through Durable Medical Equipment and Investment Management segments. The Durable Medical Equipment segment includes selling, replacement parts, and supplies to customers. The Investment Management segment consists of management fees and property management fees. The company was founded in 1994 and is headquartered in Waltham, MA.
Market Cap
$60.1M
View Company Details
Great Elm Group, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On May 24, 2022, Peter A. Reed tendered his notice of resignation from the Board of Directors (the "Board") of Great Elm Group, Inc. (the "Company"). Mr. Reed will continue his service as the Company's Chief Executive Officer and has indicated to the Company that his resignation is not the result of any dispute or disagreement with the Company.


On May 25, 2022, the Board appointed David Matter as a director to fill the vacancy on the Board resulting from Mr. Reed's resignation. Mr. Matter will be eligible for re-election along with all of the Company's existing directors at the Company's 2022 Annual Meeting of Stockholders.


Mr. Matter will receive the standard compensation provided to the Company's non-employee directors, as described in the Company's proxy statement for the 2021 Annual Stockholders' Meeting.


The Company has entered into its standard form of indemnification agreement with Mr. Matter.