United Homes Group stock plunges after Nikki Haley, directors resign
Great Elm Group, Inc. (NASDAQ:GEG) announced that director James H. Hugar has notified the company of his decision to retire and not stand for re-election at the company’s 2025 annual meeting of stockholders. Hugar will continue to serve as a director until the date of the annual meeting.
According to a statement included in a Securities and Exchange Commission filing, Hugar’s decision is not the result of any disagreement with the company regarding its operations, policies, or procedures.
Chairman and CEO Jason Reese said, “Jay’s accounting expertise has been extremely valuable in the company’s transition to a focused alternative asset manager and we appreciate his many contributions to the company over the past five years.”
Great Elm Group’s common stock and its 7.25% notes due 2027 are listed on The Nasdaq Stock Market LLC under the symbols GEG and GEGGL, respectively.
This information is based on a press release statement contained in a recent SEC filing.
In other recent news, Great Elm Group Inc. reported its fourth-quarter earnings for fiscal year 2025, exceeding expectations with an earnings per share (EPS) of $0.51, against the forecasted $0.40. The company achieved a 27.5% earnings surprise, which is noteworthy for investors. Despite a decline in revenue from $8.9 million last year to $5.6 million, Great Elm Group’s net income surged to $15.7 million, a significant improvement from a $600,000 loss in the previous year. This financial turnaround highlights the company’s ability to generate profit even amid declining revenues. Analysts had projected a lower EPS, making the actual results a positive development. The company did not report any recent mergers or acquisitions, nor were there any analyst upgrades or downgrades mentioned. These earnings results are critical for stakeholders assessing the company’s financial health.
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