Filing Analysis
The Fund announced a change in the business address of its investment adviser, Horizon Kinetics Asset Management LLC, effective August 17, 2026.
📋 Key Facts
- Effective date of address change: August 17, 2026.
- New address for investment adviser (Horizon Kinetics Asset Management LLC): 1270 Avenue of the Americas, 27th Floor, New York, NY 10020.
- The filing was signed by Jay Kesslen, Vice President, on August 19, 2026.
The Board of Directors approved updates to the Fund's Code of Ethics and announced a restructuring of the Board. Director Murray Stahl resigned from the Board but will maintain his executive roles as President, CEO, and Co-Portfolio Manager.
🚩 Red Flags
- None identified; executive leadership remains intact despite board resignation.
📋 Key Facts
- Board unanimously approved changes to the Fund's Code of Ethics effective June 5, 2025.
- Murray Stahl resigned as a Director on June 5, 2025, after serving since July 2017.
- Murray Stahl will continue to serve as President, CEO, and Co-Portfolio Manager.
- Douglas Cohen was appointed as the Chairman of the Board.
- The total size of the Board is now set to 5 members.
Effective May 16, 2025, Eric Sites has resigned from his position as a Director of RENN Fund, Inc. The company is currently evaluating how to fill the resulting vacancy.
📋 Key Facts
- Eric Sites resigned as a Director effective May 16, 2025.
- Mr. Sites had served on the Board since July 2017.
- The Nominating and Governance Committee will evaluate the vacancy.
The Board of Directors approved changes to the Fund's corporate governance documents and appointed two new independent directors. The updates include removing the board classification system and updating the Pricing Committee Charter and Code of Ethics.
📋 Key Facts
- Board unanimously approved changes to the bylaws, removing the board classification system; all directors will now be elected annually starting in 2024.
- Anita L. Allen appointed as Director and Audit Committee Financial Expert.
- Melinda J. Newman appointed as Director and Audit Committee Financial Expert.
- Updates made to the Pricing Committee Charter and Code of Ethics, effective June 6, 2024.