{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-013089","form_type":"8-K","ticker":"RAND","cik":"0000081955","company_name":"RAND CAPITAL CORP","filed_at":"2025-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.447412+00:00","generated_at":"2026-05-17T06:56:28.434012+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Rand Capital replaces auditor Freed Maxick with Withum after FM asset acquisition","bullets":["Audit Committee and Board approved change on September 11, 2025.","Freed Maxick replaced due to acquisition of certain assets by Withum.","No disagreements or reportable events with FM in fiscal 2023 and 2024.","Withum appointed as independent auditor for fiscal year ending December 31, 2025.","Freed Maxick letter agreeing with disclosures filed as Exhibit 16.1."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-013089","json":"https://secwatch.observer/filing/0001493152-25-013089.json","markdown":"https://secwatch.observer/filing/0001493152-25-013089.md","text":"https://secwatch.observer/filing/0001493152-25-013089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81955/000149315225013089/0001493152-25-013089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81955/000149315225013089/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:56:28.434012+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7d2f4b68d3974d9e4802f4d31f3f50a0cfa00469","claim":"RAND CAPITAL CORP engaged Withum Smith+Brown, PC as its auditor.","evidence_excerpt":"the Audit Committee and the Board each approved the engagement of Withum as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/81955/000149315225013089/0001493152-25-013089-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Withum Smith+Brown, PC"}],"fact_type":"auditor_change"},{"claim_id":"c296d6ff1f7e5cf2d752fcb2834d51dc28ea6f0b","claim":"RAND CAPITAL CORP dismissed Freed Maxick, P.C. as its auditor.","evidence_excerpt":"(a) Replacement of Previous Independent Registered Public Accounting Firm On September 11, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors (the “Board”) of Rand Capital Corporation (the “Company”) and the Board each approved the replacement of Freed Maxick, P.C. (“FM”) as the Company’s independent registered public accounting firm, due to the acquisition of certain assets of FM by Withum Smith+Brown,","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/81955/000149315225013089/0001493152-25-013089-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"Freed Maxick, P.C."},{"label":"Successor","value":"Withum Smith+Brown, PC"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}