People: Rand Capital Corp (RAND.OQ)

RAND.OQ on NASDAQ Stock Exchange Capital Market

3.00USD
1 Aug 2013
Price Change (% chg)

$0.01 (+0.33%)
Prev Close
$2.99
Open
$2.98
Day's High
$3.01
Day's Low
$2.98
Volume
300
Avg. Vol
1,970
52-wk High
$3.15
52-wk Low
$2.17

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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

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