Firsthand Technology Value Fund, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Firsthand Technology Value Fund, Inc. (SVVC) will hold its 2024 Annual Meeting virtually on May 21, 2024, to elect directors and ratify its independent auditor.</b>

AI Summary

Firsthand Technology Value Fund, Inc. (SVVC) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. The 2024 Annual Meeting of Stockholders for Firsthand Technology Value Fund, Inc. (SVVC) will be held virtually on May 21, 2024. Key agenda items include the election of two directors and the ratification of Tait, Weller & Baker LLP as the independent registered public accounting firm for fiscal year 2024. The Board of Directors unanimously recommends voting FOR the director nominees and the ratification of the accounting firm. Stockholders can attend, vote, and submit questions virtually at www.meetnow.global/MMWJ2FV. A proxy statement, annual report on Form 10-K, and proxy card are enclosed for stockholder review and voting.

Why It Matters

For investors and stakeholders tracking Firsthand Technology Value Fund, Inc., this filing contains several important signals. The virtual format aims to increase accessibility for stockholders across the United States and abroad. The company is seeking stockholder approval for key governance and financial oversight matters, including director elections and auditor ratification.

Risk Assessment

Risk Level: low — Firsthand Technology Value Fund, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.

Analyst Insight

Stockholders should review the proxy materials and vote on the election of directors and the ratification of the independent auditor.

Key Numbers

• 2 — Directors (Number of directors to be elected at the Annual Meeting.)
• 2024 — Fiscal Year (Fiscal year for which the independent auditor is being ratified.)

Key Players & Entities

• Firsthand Technology Value Fund, Inc. (company) — Registrant and filer of the proxy statement.
• SVVC (company) — Ticker symbol for Firsthand Technology Value Fund, Inc.
• May 21, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• Tait, Weller & Baker LLP (company) — Proposed independent registered public accounting firm.
• December 31, 2024 (date) — Fiscal year end for which the accounting firm is being ratified.
• April 3, 2024 (date) — Filing date of the proxy statement.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all applicable SEC rules and regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Format [low — operational]: Ensuring smooth technical execution and stockholder participation in the virtual annual meeting.

Industry Context

Firsthand Technology Value Fund, Inc. is a business development company (BDC) that invests in technology and technology-related companies. As a BDC, it is subject to specific regulatory requirements.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on director nominees and the proposed independent auditor.
2. Vote FOR the election of the two director nominees.
3. Vote FOR the ratification of Tait, Weller & Baker LLP as the independent registered public accounting firm.

Key Dates

• 2024-05-21: 2024 Annual Meeting of Stockholders — Key date for voting on director elections and auditor ratification.
• 2024-04-03: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (This filing provides detailed information for stockholders to make informed voting decisions.)

Proxy Statement

A document that the SEC requires companies to provide to shareholders before a shareholder meeting. (Contains information about the matters to be voted on, including director nominees and auditor selection.)

Year-Over-Year Comparison

This is a routine annual proxy filing and does not appear to be an amendment to a previous filing.

Key Financial Figures

• $86 million — ber 31, 2023, FCM managed approximately $86 million. FCM may be contacted at the address li
• $50,000 K — Independent Directors Greg Burglin $50,000 Kimun Lee $50,000 Nicholas Petredis
• $50,000 — Greg Burglin $50,000 Kimun Lee $50,000 Nicholas Petredis $29,949.67 Rodn
• $29,949.67 — mun Lee $50,000 Nicholas Petredis $29,949.67 Rodney Yee $0 Interested Director
• $0 — as Petredis $29,949.67 Rodney Yee $0 Interested Director None Kevin La

Filing Documents

• sccv20240301_def14a.htm (DEF 14A) — 196KB
• a01.jpg (GRAPHIC) — 2KB
• a02.jpg (GRAPHIC) — 1KB
• i1.jpg (GRAPHIC) — 100KB
• i2.jpg (GRAPHIC) — 84KB
• logo2.jpg (GRAPHIC) — 2KB
• logo.jpg (GRAPHIC) — 2KB
• 0001437749-24-010920.txt (&nbsp;) — 462KB

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS 24 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 26 CORPORATE GOVERNANCE 26 COMPENSATION COMMITTEE REPORT 28 OTHER MATTERS 29 MORE INFORMATION ABOUT THE MEETING 29 INVESTMENT ADVISER 29 ADMINISTRATOR 29 HOUSEHOLDING OF PROXY MATERIALS 29 STOCKHOLDER PROPOSALS 30 Table of Contents Firsthand Technology Value Fund, Inc. 150 Almaden Boulevard, Suite 1250 San Jose, CA 95113 PROXY STATEMENT 2024 Annual Meeting of Stockholders May 21 , 2024 This proxy statement is being sent to you by the Board of Directors (the "Board" or the "Board of Directors") of Firsthand Technology Value Fund, Inc., a Maryland corporation (the "Company," "SVVC," "Fund," "we," "us," or "our"), that is regulated as a business development company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Board of Directors is asking you to complete, sign, date, and return the enclosed proxy card, permitting your votes to be cast at the 2024 annual meeting (the "Annual Meeting") of stockholders to be held on May 21, 2024, at 2:00 p.m., Pacific Time, via live webcast accessible at www.meetnow.global/MMWJ2FV. Stockholders of record at the close of business on March 15, 2024 (the "Record Date") are entitled to notice of and to vote at the Annual Meeting. You are entitled to one vote for each share of common stock you hold at the close of business on the Record Date on each matter on which holders of such shares are entitled to vote. This proxy statement and enclosed proxy card are first being mailed to stockholders on or about April 3, 2024. Any reference in this proxy statement to attending the Annual Meeting, including any reference to "virtual" or "in person" attendance, means attending by remote communication via live webcast on the Internet. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 21 , 2024: You should

View Full Filing

View this DEF 14A filing on SEC EDGAR