Here are the DEF 14A proxy statements from Rand Capital Corp (RAND) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow RAND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RAND filings page.
Rand Capital Corporation will hold its 2026 annual shareholder meeting virtually on April 22, 2026, to elect five directors and ratify WithumSmith+Brown as auditor for 2026. Shareholders of record on March 5, 2026, may vote, with 2,969,814 common shares outstanding, each carrying one vote.
East Asset Management owns 1,906,672 shares (64.2%) and, under a shareholder agreement, designates two director nominees, including Adam Gusky. Rand operates as an externally managed BDC, paying Rand Capital Management LLC a 2025 base management fee of $830,630, an income-based incentive fee of $186,178, and $216,230 of reimbursed expenses.
Directors received cash retainers in 2025 and, effective January 1, 2026, board and committee fees rose from $50,000 to $57,500 annually, with modest increases for committee chairs and the board chair. The board highlights its independent leadership structure, risk oversight framework, and policies on related-party transactions, ethics, insider trading and anti-hedging.