secwatch / observer
8-K filed October 25, 2021, 7:59 PM ET ticker RAND CIK 0000081955
leadership confidence high sentiment neutral materiality 0.70

Rand Capital CEO Pete Grum to retire Dec 1; Daniel Penberthy named CEO, Margaret Brechtel CFO.

RAND CAPITAL CORP

item 5.02item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Daniel Penberthy

President and Chief Executive Officer
RAND · RAND CAPITAL CORP
Effective
2021-12-01
Successor
Margaret Brechtel
Filed
October 25, 2021, 7:59 PM ET
Daniel Penberthy, Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company, has been appointed to serve as President and Chief Executive Officer of the Company and the SBIC, effective December 1, 2021.
Role change

Margaret Brechtel

Executive Vice President, Treasurer, Chief Financial Officer and Secretary
RAND · RAND CAPITAL CORP
Effective
2021-12-01
Filed
October 25, 2021, 7:59 PM ET
Margaret Brechtel, age 55, Vice President of Finance of the Company, has been appointed to serve as Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company and Executive Vice President, Treasurer and Secretary of the SBIC, effective December 1, 2021.
Role change

Erland E. Kailbourne

Chairman of the Board
RAND · RAND CAPITAL CORP
Effective
2021-12-01
Successor
Robert M. Zak
Filed
October 25, 2021, 7:59 PM ET
Erland E. Kailbourne, Chairman of the Board, will be stepping down as Chairman, effective December 1, 2021, although he will remain on the Board.
Role change

Allen F. "Pete" Grum

Vice Chair of the Board of Directors
RAND · RAND CAPITAL CORP
Effective
2021-12-01
Successor
Daniel Penberthy
Filed
October 25, 2021, 7:59 PM ET
Allen F. “Pete” Grum, President, Chief Executive Officer and Chief Compliance Officer of the Company and the SBIC intends to retire effective December 1, 2021.
Appointed

Robert M. Zak

Chairman of the Board
RAND · RAND CAPITAL CORP
Effective
2021-12-01
Filed
October 25, 2021, 7:59 PM ET
Robert M. Zak, a current member of the Board, will replace Mr. Kailbourne as Chairman of the Board effective December 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Penberthy was appointed as President and Chief Executive Officer at RAND CAPITAL CORP.

Action
appointed President and Chief Executive Officer
Role
President and Chief Executive Officer
Exact text from the filing
Daniel Penberthy, Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company, has been appointed to serve as President and Chief Executive Officer of the Company and the SBIC, effective December 1, 2021.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Margaret Brechtel was appointed as Executive Vice President, Treasurer, Chief Financial Officer and Secretary at RAND CAPITAL CORP.

Action
appointed Executive Vice President, Treasurer, Chief Financial Officer and Secretary
Role
Executive Vice President, Treasurer, Chief Financial Officer and Secretary
Exact text from the filing
Margaret Brechtel, age 55, Vice President of Finance of the Company, has been appointed to serve as Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company and Executive Vice President, Treasurer and Secretary of the SBIC, effective December 1, 2021.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Erland E. Kailbourne changed role as Chairman of the Board at RAND CAPITAL CORP.

Action
stepping down as Chairman
Role
Chairman of the Board
Exact text from the filing
Erland E. Kailbourne, Chairman of the Board, will be stepping down as Chairman, effective December 1, 2021, although he will remain on the Board.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Allen F. "Pete" Grum was appointed as Vice Chair of the Board of Directors at RAND CAPITAL CORP.

Action
retire and appointed Vice Chair
Role
Vice Chair of the Board of Directors
Exact text from the filing
Allen F. “Pete” Grum, President, Chief Executive Officer and Chief Compliance Officer of the Company and the SBIC intends to retire effective December 1, 2021.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Robert M. Zak was appointed as Chairman of the Board at RAND CAPITAL CORP.

Action
appointed Chairman
Role
Chairman of the Board
Exact text from the filing
Robert M. Zak, a current member of the Board, will replace Mr. Kailbourne as Chairman of the Board effective December 1, 2021.
View on SEC.gov

RAND CAPITAL CORP filing history →

Source: SEC EDGAR
accession 0001493152-21-026241
view filing index on sec.gov
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