secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001493152-21-026241
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital CEO Pete Grum to retire Dec 1; Daniel Penberthy named CEO, Margaret Brechtel CFO.
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- Allen F. "Pete" Grum to retire as President/CEO effective Dec 1, 2021; becomes Vice Chair of the Board.
- Daniel Penberthy, current EVP/CFO, appointed President and CEO of Rand and its SBIC effective Dec 1, 2021.
- Margaret Brechtel promoted to EVP, Treasurer, CFO, and Secretary effective Dec 1, 2021.
- Erland Kailbourne steps down as Board Chair; Robert M. Zak appointed Chair effective Dec 1, 2021.
- No disagreement between Grum and Company; orderly leadership succession.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315221026241/0001493152-21-026241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315221026241/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-026241

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