Rand Capital Appoints New Auditor

Ticker: RAND · Form: 8-K · Filed: 2025-09-11T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, accounting

TL;DR

Rand Capital swapped auditors, bringing in Citrin Cooperman after L.R. Wilson resigned.

AI Summary

Rand Capital Corporation filed an 8-K on September 11, 2025, to report changes in its certifying accountant. The company has appointed Citrin Cooperman & Company, LLP as its new independent registered public accounting firm, effective September 10, 2025. This change follows the resignation of the previous auditor, L.R. Wilson & Associates, P.C., on September 9, 2025.

Why It Matters

A change in auditors can signal potential concerns about financial reporting or internal controls, or it could simply be a strategic decision by the company. Investors will monitor future financial statements for any impact.

Risk Assessment

Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial irregularities or restatements, warranting a medium risk assessment until further clarity is provided.

Key Players & Entities

FAQ

Who is Rand Capital Corporation's new independent registered public accounting firm?

Rand Capital Corporation has appointed Citrin Cooperman & Company, LLP as its new independent registered public accounting firm.

When was the appointment of the new auditor effective?

The appointment of Citrin Cooperman & Company, LLP was effective September 10, 2025.

Who was Rand Capital Corporation's previous independent registered public accounting firm?

The previous independent registered public accounting firm for Rand Capital Corporation was L.R. Wilson & Associates, P.C.

When did the previous auditor resign?

L.R. Wilson & Associates, P.C. resigned on September 9, 2025.

What is the filing date of this 8-K report?

This Form 8-K report was filed on September 11, 2025.

From the Filing

0001493152-25-013089.txt : 20250911 0001493152-25-013089.hdr.sgml : 20250911 20250911164508 ACCESSION NUMBER: 0001493152-25-013089 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250911 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250911 DATE AS OF CHANGE: 20250911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAND CAPITAL CORP CENTRAL INDEX KEY: 0000081955 ORGANIZATION NAME: EIN: 160961359 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00235 FILM NUMBER: 251309054 BUSINESS ADDRESS: STREET 1: 1405 RAND BUILDING CITY: BUFFALO STATE: NY ZIP: 14203 BUSINESS PHONE: 7168530802 MAIL ADDRESS: STREET 1: 1405 RAND BUILDING CITY: BUFFALO STATE: NY ZIP: 14203 8-K 1 form8-k.htm 8-K false 0000081955 0000081955 2025-09-11 2025-09-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): September 11, 2025   RAND CAPITAL CORPORATION (Exact Name of Registrant as Specified in Its Charter)   New York   814-00235   16-0961359 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification Number)   1405 Rand Building , Buffalo , NY 14203 (Address of Principal Executive Offices) (Zip Code)   (716) 853-0802 (Registrant’s Telephone Number, Including Area Code)   Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)         ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)         ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))         ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.10 par value   RAND   Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 4.01 Changes in Registrant’s Certifying Accountant.   (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, PC (“Withum”), effective immediately, and informed FM of such replacement on the date thereof (the “Replacement”). &

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