As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
(CA) WAS NOTIFIED THAT SEARCH AND RESCUE WAS RECEIVING AN ELT RESPONSE FROM A COMPANY AIRCRAFT. INSPECTED AND IT WAS DETERMINED THIS AIRCRAFT WAS AT FAULT. THE UNIT WAS DISCONNECTED AND A FURTHER INSPECTION FOUND WATER LOCATED AROUND THE RECEPTACLE AND CONNECTOR. THE ELT WAS CONFIRMED. NO FURTHER ACTION WAS TAKEN BY RESPONDING AUTHORITIES.