Great Elm Capital Corp. (GECC) Earnings Call Transcript & Summary

Good morning, and welcome to the Great Elm Capital Corp. 2021 Annual Meeting of Shareholders. I would now like to introduce the first presenter, Adam Kleinman.

Good morning, ladies and gentlemen. My name is Adam Kleinman, and I am the Corporate Secretary of Great Elm Capital Corp., a Maryland Corporation and have been appointed to conduct this meeting. It is 8:30 a.m., and I'm pleased to call to order the 2021 Annual Meeting of Stockholders of GECC. Due to the ongoing public health impact of the coronavirus pandemic and to support the health and well-being of our stockholders, employees and their families, we are holding the meeting virtually. In order to provide a fair and formative and orderly meeting, we have established rules of conduct for this meeting. Your cooperation in observing the rules of conduct is greatly appreciated. During the meeting, stockholders will have the opportunity to submit questions relevant to the matters being voted on at the annual meeting. We will do our best to respond to appropriate questions in the time permitted during the Q&A portion of the meeting. Certain of GECC's director nominees are in attendance electronically at today's meeting. Biographical information about our directors and the Board committees on which they serve is listed in the proxy statement. Members of GECC's leadership team are also in attendance electronically at today's meeting. Let me introduce Douglas Czarnecki of American Election Services LLC. Mr. Czarnecki has submitted an oath to act as inspector of elections for this meeting. Included in the minutes of this meeting is an affidavit of mailing of American Election Services LLC with respect to GECC's notice of Internet availability of proxy materials and proxy statement dated April 23, 2021, and the related proxy card. The inspector has confirmed that the holders of shares of stock entitled to cast the majority of all the votes entitled to be cast at this meeting are present either in person or by proxy. Thus, a quorum has been established. We will proceed to consider the business of the meeting. Voting today is by proxy and online ballot. Most of our stockholders previously authorized a proxy to vote their shares, and their shares are being voted accordingly. Any stockholder who has not authorized a proxy to vote his or her shares or who wishes to change his or her vote may do so by clicking on the vote button in the bottom-right corner of the webcast portal and following the instructions provided. Stockholders who have submitted proxies or who have previously authorized a proxy to vote by Internet, telephone or mail and do not wish to change their vote, do not need to take any further action. Your votes will be counted automatically. The polls are now open with respect to the 2 items of business to be considered at this annual meeting of stockholders of GECC. One, election of Erik A. Falk and Randall Revell Horsey as the Class II directors of the Board of Directors with each to serve until the third annual meeting of stockholders following his election and until his successor is duly elected and qualified. And two, the ratification of the appointment of Deloitte & Touche LLP to serve as the corporation's independent registered public accounting firm for the fiscal year ending December 31, 2021. I will now pause briefly to allow stockholders to vote on these matters. [Voting]

I now declare the polls closed. Based on the shares represented by proxy, I declare that each of the election of the 2 director nominees and the ratification of the auditors has been approved. The final voting results will be reported on a Form 8-K filed with the Securities and Exchange Commission after this meeting. This concludes the official business to come before this meeting, and the meeting is adjourned. We will now open the meeting to questions. As a reminder, stockholders may submit questions relevant to the matters being voted on at the annual meeting. We will pause for a few moments for questions. Seeing that there are no questions, that concludes our 2021 Annual Meeting of Stockholders. Thank you for attending this meeting thank you.

Thank you. The Great Elm Capital Corp. 2021 Annual Meeting of Shareholders has now come to an end. Thank you for attending. You may now disconnect.