People: Rand Capital Corp (RAND.OQ)
RAND.OQ on NASDAQ Stock Exchange Capital Market
3.00USD
1 Aug 2013
3.00USD
1 Aug 2013
Price Change (% chg)
$0.01 (+0.33%)
$0.01 (+0.33%)
Prev Close
$2.99
$2.99
Open
$2.98
$2.98
Day's High
$3.01
$3.01
Day's Low
$2.98
$2.98
Volume
300
300
Avg. Vol
1,970
1,970
52-wk High
$3.15
$3.15
52-wk Low
$2.17
$2.17
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Reginald Newman |
74 | 1996 | Independent Chairman of the Board |
Allen Grum |
54 | 1996 | President, Chief Executive Officer, Director |
Daniel Penberthy |
2002 | Chief Financial Officer, Executive Vice President, Treasurer | |
Erland Kailbourne |
71 | 1999 | Independent Director |
Ross Kenzie |
80 | 1996 | Independent Director |
Jayne Rand |
51 | 1989 | Independent Director |
Robert Zak |
55 | 2005 | Independent Director |
Biographies
| Name | Description |
|---|---|
Reginald Newman |
Mr. Reginald B. Newman, II., serves as an Independent Chairman of the Board of Rand Capital Corporation since 1996. Mr. Newman is the Chairman of Prior Aviation Services, Inc., the Fixed Base Operator (FBO) at Buffalo Niagara International Airport, Buffalo, NY. He is a Director of Dunn Tire LLC and Taylor Devices, Inc. and former Director of M&T Bank Corporation. |
Allen Grum |
Mr. Allen F. Grum serves as President, Chief Executive Officer, Director of Rand Capital Corporation since 1996. He has been employed with Rand Capital Corporation since 1995. Mr. Grum is a seasoned financial services executive with over 20 years of experience with financial services organizations. Mr. Grum oversees the Company’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. He earned his Master of Business Administration from Rochester Institute of Technology and his Bachelor of Arts in Economics from Eisenhower College. |
Daniel Penberthy |
Mr. Daniel P. Penberthy serves as Chief Financial Officer, Executive Vice President, Treasurer of Rand Capital Corporation. Mr. Penberthy has been employed with Rand Capital Corporation since 1997. Mr. Penberthy is responsible for sourcing deals and administration of Rand’s investments and oversees the Corporation’s financial operations. He earned his Bachelor of Science from St. Bonaventure University and his Master of Business Administration from the State University of New York at Buffalo. |
Erland Kailbourne |
Mr. Erland E. Kailbourne serves as an Independent Director of Rand Capital Corporation since 1999. He serves as Chairman of Albany International, Inc. since May 2009. Chairman of the Farash Corporation since 2007. Prior thereto, from January 2006 until May 2010, Mr. Kailbourne was Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank. From May 2002 until March 2003, Mr. Kailbourne was Chairman and Interim CEO of Adelphia Communications. (Adelphia filed a petition under Chapter 11 of the United States Bankruptcy Code in June 2002.) He retired as Chairman and Chief Executive Officer (New York Region) of Fleet National Bank, a banking subsidiary of Fleet Financial Group, Inc., in 1998. He was Chairman and Chief Executive Officer of Fleet Bank, also a subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997. He is a Director of the New York ISO, Financial Institutions, Inc. and Five Star Bank, Albany International Corporation, Allegany Co-op Insurance Company, The Farash Corporation and the Thomas and Laura Moogan Foundation. |
Ross Kenzie |
Mr. Ross B. Kenzie serves as an Independent Director of Rand Capital Corporation since 1996. He has been retired since 1989. Prior thereto, he was the Chairman of the Board and Chief Executive Officer of Goldome Bank, Buffalo, NY, a savings bank, since 1980. Prior thereto, Mr. Kenzie was Executive Vice President and Director of Merrill Lynch Pierce Fenner & Smith as well as Merrill Lynch & Co. Mr. Kenzie is a former Director of Biophan Technologies, Inc. and Natural Nano, Inc., development companies specializing in marketable business devices and naturally occurring nanotube technologies; and a former Director of Merchants Mutual Insurance Company. |
Jayne Rand |
Miss. Jayne K. Rand serves as an Independent Director of Rand Capital Corporation since 1989. Since 1993, Ms. Rand has been a Vice President of M&T Bank. She is Board Chair of Gateway-Longview. |
Robert Zak |
Mr. Robert M. Zak serves as an Independent Director of Rand Capital Corporation since 2005. Since 1995, Mr. Zak has been President and Chief Executive Officer of Merchants Mutual Insurance Company, which operates under the trade name Merchants Insurance Group. Mr. Zak joined Merchants in 1985. Prior to that, his career was in public accounting. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Reginald Newman |
-- |
Allen Grum |
256,428 |
Daniel Penberthy |
235,449 |
Erland Kailbourne |
-- |
Ross Kenzie |
-- |
Jayne Rand |
-- |
Robert Zak |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Reginald Newman |
0 | 0 |
Allen Grum |
0 | 0 |
Daniel Penberthy |
0 | 0 |
Erland Kailbourne |
0 | 0 |
Ross Kenzie |
0 | 0 |
Jayne Rand |
0 | 0 |
Robert Zak |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
GRUM ALLEN F |
5,000 | $2.85 |
GRUM ALLEN F |
5,000 | $2.75 |
PENBERTHY DANIEL P |
5,000 | $2.70 |
NEWMAN REGINALD B II |
10,634 | $0.00 |
NEWMAN REGINALD B II |
42,538 | $0.00 |
ZAK ROBERT M |
10,000 | $2.46 |
PENBERTHY DANIEL P |
800 | $2.30 |
NEWMAN REGINALD B II |
9,500 | $0.00 |
NEWMAN REGINALD B II |
36,594 | $0.00 |

