Form 8-K

8-K — RAND CAPITAL CORP

Accession: 0001493152-26-021411

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0000081955

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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2026-05-06

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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): May 6, 2026

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 ☐

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 2.02. Results of Operations and Financial Condition.

May 6, 2026, Rand Capital Corporation (the “Company”) issued a press release announcing its results for the first quarter

ended March 31, 2026. A copy of the release is furnished with this report as Exhibit 99.1 and is incorporated by reference into this

Item 2.02.

The

information contained in this report under Item 2.02 is being furnished and shall not be deemed filed for purposes of Section 18 of the

Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section.

The information contained in this report under Item 2.02 shall not be incorporated by reference into any registration statement or other

document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific

reference in such filing.

Item 7.01. Regulation FD Disclosure.

The

Company has updated its earnings conference call slide presentation for first quarter ended March 31, 2026, and will make it available

on the Company’s website at www.randcapital.com, under “Investors”. The slide presentation will be referenced during

the Company’s earnings conference call. The information found on, or otherwise accessible through, the Company’s website

is not incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

Exhibit

Number

Description

of Exhibit

99.1

Press Release, dated May 6, 2026.

104

Cover

Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

RAND

CAPITAL CORPORATION

Date:

May 6, 2026

By:

/s/

Margaret Brechtel

Name:

Margaret Brechtel

Title:

Chief Financial Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203

FOR

IMMEDIATE RELEASE

Rand

Capital Reports First Quarter Fiscal Year 2026 Results

● Total

investment income was $1.2 million compared with $2.0 million in the prior-year period, primarily

reflecting lower interest and fee income and the impact of non-accruals

● Net

asset value (NAV) per share was $17.16 at March 31, 2026

● Realized

gain of $1.1 million during the quarter from portfolio exit

● Deployed

$5.1 million into new and follow-on investments during the quarter

● Declared

quarterly dividend of $0.29 per share for second quarter 2026

● Board

of Directors renewed $1.5 million share repurchase program

BUFFALO,

NY, May 6, 2026 – Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business

development company providing alternative financing for lower middle market companies, announced its results for the first quarter ended

March 31, 2026.

“Our

first quarter results reflect a transition period for Rand as we continued to push for new investment origination,” said

Daniel P. Penberthy, President and Chief Executive Officer of Rand. “Our total investment income and net investment income were

lower than the prior-year period, due to the impact of non-accruals and a smaller income-producing portfolio following 2025 repayments.

At the same time, we generated meaningful realized gains on portfolio activity during the quarter and began deploying capital into new

and existing investments, including AME Holdco and additional capital to select existing portfolio companies. We are hopeful that the

work completed in 2025 has created a foundation for more active capital deployment in 2026, and we remain focused on rebuilding the portfolio

thoughtfully, preserving credit quality and supporting consistent earnings and the regular dividend over time.”

First

Quarter Review (compared with the prior-year period unless otherwise noted)

● Total

investment income of $1.2 million decreased $768,000, or 38%, from $2.0 million in the first

quarter of 2025, primarily reflecting lower interest income from portfolio companies. The

change was primarily driven by a 30% reduction in interest income from portfolio companies,

reflecting the repayment of five debt instruments over the past year. Lower fee income also

contributed to the year-over-year decrease. Payment-in-kind (PIK) interest remained a substantial

component of investment income during the quarter, as certain portfolio companies continued

to utilize this feature. For the first quarter of 2026, non-cash PIK interest totaled $244,000,

representing 20% of total investment income, compared with 31% in the prior-year period.

● Total

expenses decreased 19% to $642,000 compared with $791,000 in the same period last year, primarily

reflecting lower base management fees and no income-based incentive fee accrual in the first

quarter of 2026.

● Adjusted

expenses, which exclude capital gains incentive fees, and is a non-GAAP financial measure,

were $642,000 compared with $866,000 in the first quarter of 2025. See the attached description

of this non-GAAP financial measure and reconciliation table for adjusted expenses.

Rand Capital Reports First Quarter Fiscal Year 2026 Results

May 6, 2026

Page 2 of 7

● Net

investment income was $545,000, or $0.18 per share, compared with $1.2 million, or $0.42

per share, in the first quarter of 2025. Adjusted net investment income per share, a non-GAAP

financial measure, which excludes the capital gains incentive fee, was $0.18 per share, compared

with $0.40 per share in last year’s first quarter. See the attached description of this

non-GAAP financial measure and reconciliation table for adjusted net investment income per

share.

Portfolio

and Investment Activity

of March 31, 2026, Rand’s investment portfolio had a fair value of $51.5 million, compared with $48.5 million at December 31,

2025. The portfolio consisted of investments in 20 portfolio businesses and was comprised of approximately 80% debt investments and

20% equity investments.

The

annualized weighted average yield of debt investments, including PIK interest, was 9.43% at March 31, 2026, compared with 11.3% at December

31, 2025. This decline in the annualized weighted average yield primarily reflects the impact of non-accruals, including BMP Food Service

Supply Holdco, LLC (FSS) and Mountain Regional Equipment Solutions (MRES), which were each placed on non-accrual status beginning in

the fourth quarter of 2025.

First

Quarter 2026:

● Closed

a new investment in AME Holdco LLC consisting of a $3.0 million term loan at 13% and a $1.0

million equity investment. AME provides auto center design and installation services.

● Participated

with a co-investor in the buyout of MRES senior credit. Rand’s pro rata investment

was approximately $678,000, which positioned the investor group, which includes Rand, in

a controlling position in the bankruptcy process.

● Funded

a $400,000 follow-on debt investment in FSS. At quarter end, Rand’s total investment

in FSS was valued at $4.3 million.

● Funded

a $50,000 follow-on equity investment in Caitec, Inc.

● Exited

Seybert’s Billiards, doing business as The Rack Group, in March 2026. Rand had previously

received repayment of its original $7.5 million debt investment and, during the first quarter,

sold its remaining equity holdings for proceeds of approximately $1.3 million, which resulted

in a realized gain of $1.1 million.

Liquidity

and Capital Resources

Rand

ended the quarter with $331,000 in cash and cash equivalents, compared with $4.2 million at December 31, 2025. The Company had

$500,000 outstanding on its line of credit as of March 31, 2026, at an approximate interest rate of 7.2%, with estimated remaining

availability of approximately $20.1 million. The facility, which matures in 2027, permits up to $25 million in borrowings subject to

compliance with borrowing conditions and portfolio eligibility requirements.

The

Company did not repurchase any outstanding common stock during the first quarter of 2026. Rand’s Board of Directors renewed the

share repurchase program authorizing the purchase of up to $1.5 million in additional Rand common stock. The shares may be repurchased

from time to time in the open market and in accordance with applicable regulations of the Securities and Exchange Commission. The stock

repurchase program does not obligate the Company to purchase any shares, and the timing and exact amount of any repurchases will depend

on various factors, including the performance of the Company’s stock price, general market and other conditions, applicable legal

requirements and other factors. The renewed stock repurchase program expires on April 22, 2027, and may be suspended, terminated or amended

by the Board at any time prior to the expiration date.

Rand Capital Reports First Quarter Fiscal Year 2026 Results

May 6, 2026

Page 3 of 7

Dividends

February 25, 2026, Rand declared its regular quarterly cash dividend of $0.29 per share, which was paid during the first quarter to shareholders

of record as of March 11, 2026.

April 29, 2026, Rand declared its regular quarterly cash dividend of $0.29 per share, which will be payable on or about June 10, 2026,

to shareholders of record as of May 27, 2026.

Webcast

and Conference Call

Rand

will host a conference call and webcast on Wednesday, May 6, 2026, at 1:30 p.m. Eastern Time, to review its financial results. The review

will be accompanied by a slide presentation, which will be available on Rand’s website at www.randcapital.com in the “Investor

Relations” section. Rand’s conference call can be accessed by calling (201) 689-8263. Alternatively, the webcast can be monitored

on Rand’s website at www.randcapital.com under “Investors” where the replay will also be available.

telephonic replay will be available from 4:30 p.m. Eastern Time on the day of the call through Wednesday, May 20, 2026. To listen to

the archived call, dial (412) 317-6671 and enter replay pin 13759810. A transcript of the call will also be posted once available.

ABOUT

RAND CAPITAL

Rand

Capital Corporation (Nasdaq: RAND) is an externally managed business development company (BDC). The Company’s investment objective

is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity

investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries.

Rand primarily invests in businesses that have sustainable, differentiated and market-proven products, revenue of more than $10 million

and EBITDA in excess of $1.5 million. The Company’s investment activities are managed by its external investment adviser, Rand

Capital Management, LLC. Additional information can be found at the Company’s website where it regularly posts information: randcapital.com.

Safe

Harbor Statement

This

press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,

and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than historical facts, including but not limited

to statements regarding the strategy of the Company and its outlook; statements regarding the implementation of the Company’s strategy

and the growth of its dividend; and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking

statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by

the words “may,” “will,” “should,” “potential,” “intend,” “expect,”

“endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,”

“believe,” “could,” “project,” “predict,” “continue,” “target”

or other similar words or expressions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions

prove to be incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The

inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved.

Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others,

(1) evolving legal, regulatory and tax regimes; (2) changes in general economic and/or industry specific conditions; and (3) other risk

factors as detailed from time to time in Rand’s reports filed with the Securities and Exchange Commission (“SEC”),

including Rand’s annual report on Form 10-K for the year ended December 31, 2025, quarterly reports on Form 10-Q, and other documents

filed with the SEC. Consequently, such forward-looking statements should be regarded as Rand’s current plans, estimates and beliefs.

Except as required by applicable law, Rand assumes no obligation to update the forward-looking information contained in this release.

Contacts:

Company:

Investors:

Daniel

P. Penberthy

Craig

P. Mychajluk / Deborah K. Pawlowski

President

and CEO

Alliance

Advisors IR

716.853.0802

716-843-3832

/ 716-843-3908

invest@randcapital.com

cmychajluk@allianceadvisors.com

dpawlowski@allianceadvisors.com

FINANCIAL

TABLES FOLLOW

Rand Capital Reports First Quarter Fiscal Year 2026 Results

May 6, 2026

Page 4 of 7

Rand

Capital Corporation and Subsidiaries

Consolidated

Statements of Financial Position

March 31,

2026

(Unaudited)

December 31,

2025

ASSETS

Investments at fair value:

Control investments (cost of $6,563,940 and $6,563,940, respectively)

$ 1,400,000

Affiliate investments (cost of $45,891,354 and $40,867,599, respectively)

39,759,324

36,775,685

Non-Control/Non-Affiliate investments (cost of $9,709,789 and $9,630,860, respectively)

10,383,740

10,304,811

Total investments, at fair value (cost of $62,165,083 and $57,062,399, respectively)

51,543,064

48,480,496

Cash and cash equivalents

330,550

4,208,948

Interest receivable (net of allowance of $25,337)

244,962

168,039

Prepaid income taxes

322,186

283,581

Other assets

73,864

54,248

Total assets

$ 52,514,626

$ 53,195,312

LIABILITIES AND STOCKHOLDERS’ EQUITY (NET ASSETS)

Liabilities:

Due to investment adviser

$ 532,591

$ 519,287

Accounts payable and accrued expenses

99,873

101,975

Line of credit

500,000

—

Deferred revenue

427,307

390,597

Total liabilities

1,559,771

1,011,859

Stockholders’ equity (net assets):

Common stock, $0.10 par; shares authorized 100,000,000; shares issued: 3,037,709; shares outstanding: 2,969,814 at 3/31/26 and 12/31/25

303,771

Capital in excess of par value

64,063,157

Treasury stock, at cost: 67,895 shares at 3/31/26 and 12/31/25

(1,566,605 )

Total distributable earnings

(11,845,468 )

(10,616,870 )

Total stockholders’ equity (net assets) (per share – 3/31/26: $17.16;

12/31/25: $17.57)

50,954,855

52,183,453

Total liabilities and stockholders’ equity (net assets)

$ 52,514,626

$ 53,195,312

Rand Capital Reports First Quarter Fiscal Year 2026 Results

May 6, 2026

Page 5 of 7

Rand

Capital Corporation and Subsidiaries

Consolidated

Statements of Operations

(Unaudited)

Three months ended

March 31, 2026

Three months ended

March 31, 2025

Investment income:

Interest from portfolio companies:

Control investments

$ 8,896

$ —

Affiliate investments

953,175

1,282,859

Non-Control/Non-Affiliate investments

220,688

394,307

Total interest from portfolio companies

1,182,759

1,677,166

Interest from other investments:

Non-Control/Non-Affiliate investments

13,801

10,383

Total interest from other investments

13,801

10,383

Dividend and other investment income:

Affiliate investments

—

13,125

Total dividend and other investment income

—

13,125

Fee income:

Control investments

4,516

Affiliate investments

35,001

131,755

Non-Control/Non-Affiliate investments

3,772

170,959

Total fee income

43,289

307,230

Total investment income

1,239,849

2,007,904

Expenses:

Base management fee

189,695

252,208

Income based incentive fees

—

119,673

Capital gains incentive fees

—

(75,000 )

Interest expense

29,610

36,486

Professional fees

223,622

208,842

Stockholders and office operating

61,269

90,763

Directors’ fees

73,375

63,850

Administrative fees

50,700

48,750

Insurance

9,972

13,162

Corporate development

3,674

6,994

Bad debt expense

—

25,337

Total expenses

641,917

791,065

Net investment income before income taxes:

597,932

1,216,839

Income tax expense (benefit)

52,905

(1,276 )

Net investment income

545,027

1,218,115

Net realized gain on sales and dispositions of investments:

Affiliate investments

1,075,571

925,357

Non-Control/Non-Affiliate investments

—

(25 )

Net realized gain on sales and dispositions of investments

1,075,571

925,332

Net change in unrealized appreciation/depreciation on investments:

Control investments

—

(875,000 )

Affiliate investments

(2,040,116 )

(423,384 )

Change in unrealized appreciation/depreciation before income taxes

(2,040,116 )

(1,298,384 )

Deferred income tax (benefit) expense

(52,049 )

3,616

Net change in unrealized appreciation/depreciation on investments

(1,988,067 )

(1,302,000 )

Net realized and unrealized loss on investments

(912,496 )

(376,668 )

Net (decrease) increase in net assets from operations

$ (367,469 )

$ 841,447

Weighted average shares outstanding

2,969,814

2,869,339

Basic and diluted net (decrease) increase in net assets from operations per share

$ (0.12 )

$ 0.29

Rand Capital Reports First Quarter Fiscal Year 2026 Results

May 6, 2026

Page 6 of 7

Rand

Capital Corporation and Subsidiaries

Consolidated

Statements of Changes in Net Assets

(Unaudited)

Three months ended

March 31, 2026

Three months ended

March 31, 2025

Net assets at beginning of period

$ 52,183,453

$ 65,332,520

Net investment income

545,027

1,218,115

Net realized gain on sales and dispositions of investments

1,075,571

925,332

Net change in unrealized appreciation/depreciation on investments

(1,988,067 )

(1,302,000 )

Net (decrease) increase in net assets from operations

(367,469 )

841,447

Declaration of dividend

(861,129 )

(862,714 )

Net assets at end of period

$ 50,954,855

$ 65,311,253

Rand

Capital Corporation and Subsidiaries

Reconciliation

of GAAP Total Expense to Non-GAAP Adjusted Expenses

(Unaudited)

addition to reporting total expenses, which is a U.S. generally accepted accounting principle (“GAAP”) financial measure,

Rand presents adjusted expenses, which is a non-GAAP financial measure. Adjusted expenses is defined

as GAAP total expenses removing the effect of any expenses/(credits) for capital gains incentive fees accrual. GAAP total expenses is

the most directly comparable GAAP financial measure. Rand believes that adjusted expenses provides useful information to investors regarding

financial performance because it is a method the Company uses to measure its financial and business trends related to its results of

operations. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial

results prepared in accordance with GAAP.

Three months ended

March 31, 2026

Three months ended

March 31, 2025

Total expenses

$ 641,917

$ 791,065

Exclude credits for capital gains incentive fees

(75,000 )

Adjusted total expenses

$ 641,917

$ 866,065

Reconciliation

of GAAP Net Investment Income per Share to

Adjusted Net Investment Income per Share

(Unaudited)

addition to reporting Net Investment Income per Share, which is a GAAP financial measure, the Company presents Adjusted

Net Investment Income per Share, which is a non-GAAP financial measure. Adjusted Net Investment Income per Share is defined as GAAP Net

Investment Income per Share removing the effect of any expenses/(credits) for capital gains incentive fees. GAAP Net Investment Income

per Share is the most directly comparable GAAP financial measure. Rand believes that Adjusted Net Investment Income per Share provides

useful information to investors regarding financial performance because it is a method the Company uses to measure its financial and

business trends related to its results of operations. The presentation of this additional information is not meant to be considered in

isolation or as a substitute for financial results prepared in accordance with GAAP.

The

per share amounts for the first quarter of 2026 were computed using 2,969,814 weighted average shares outstanding. This compared with

2,869,339 weighted average shares outstanding for the first quarter of 2025.

Three months ended

March 31, 2026

Three months ended

March 31, 2025

Net investment income per share

$ 0.18

$ 0.42

Exclude credits for capital gains incentive fees per share

(0.02 )

Adjusted net investment income per share

$ 0.18

$ 0.40

###

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Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration