---
schema_version: "secwatch.filing_event.v1"
accession: "0001398344-23-018308"
form_type: "8-K"
ticker: "SVVC"
cik: "0001495584"
company_name: "Firsthand Technology Value Fund, Inc."
filed_at: "2023-09-25T23:59:59+00:00"
generated_at: "2026-06-10T09:12:10.311621+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Director Rodney Yee resigns; Kimun Lee reclassified to Class II for compliance with Investment Company Act

## Summary
- Rodney Yee resigned from the Board on Sep 22, 2023 to maintain compliance with Section 56 of the Investment Company Act (majority non-interested directors).
- Kimun Lee moved from Class III (term expiring at 2023 annual meeting) to Class II (term expiring 2025), effective Sep 22, 2023.
- Resignation follows prior departure of Nicholas Petredis in Aug 2023, requiring adjustment to board composition.

## SEC filing metadata
- accession: 0001398344-23-018308
- form_type: 8-K
- ticker: SVVC
- cik: 0001495584
- company_name: Firsthand Technology Value Fund, Inc.
- filed_at: 2023-09-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495584/000139834423018308/0001398344-23-018308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495584/000139834423018308/fp0085281-1_8kixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001398344-23-018308
- JSON: https://secwatch.observer/filing/0001398344-23-018308.json
- Plain text: https://secwatch.observer/filing/0001398344-23-018308.txt

## Key facts
- Executive change
  Rodney Yee resigned as Director at Firsthand Technology Value Fund, Inc..
  - Action: resigned
  - Role: Director
  source text: On September 22, 2023, Rodney Yee resigned as a member of the Board of Directors of Firsthand Technology Value Fund, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495584/000139834423018308/0001398344-23-018308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.