Great Elm Group, Inc. On May 4, 2023, Peter A. Reed resigned as Chief Executive Officer of the Company. Mr. Reed will continue to be available for consultation through May 5, 2024. On May 4, 2023, the Company appointed Jason W. Reese, age 57, as the Company's Chairman and Chief Executive Officer, effective immediately following Mr. Reed's resignation.

Mr. Reese has been the Executive Chairman of the Company's Board of Directors (the “Board”) since February 2020. Mr. Reese is the Co-Founder, Chairman and Chief Executive Officer of Imperial Capital Asset Management, LLC (“ICAM”) and the Co-Founder of Imperial Capital, LLC (“Imperial Capital”), both founded in 1997. ICAM is a registered investment advisor which has managed various hedge funds, investment partnerships, a private REIT and a private equity fund.

Imperial Capital is a registered broker-dealer and an affiliate of ICAM. Prior to ICAM and Imperial Capital, Mr. Reese was a principal with Gordon Investment Corporation, a merchant banking firm in New York and Dallas, where he focused on investing in distressed real estate transactions, high yield securities and leveraged buyouts. Prior to his time with Gordon, Mr. Reese worked in the Corporate Finance Group at PaineWebber in New York.

Mr. Reese is currently on the board of directors of City Ventures, LLC, a California-based private home builder. Mr. Reese graduated with honors from Yale University with a B.S. in Electrical Engineering.