secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001398344-23-018308
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423018308/0001398344-23-018308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423018308/fp0085281-1_8kixbrl.htm
  HTML page:      https://secwatch.observer/filing/0001398344-23-018308

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