ERLAND E. KAILBOURNE - Corporate Board Profile

Filing Date	Source Excerpt
2009-04-14	ERLAND E. KAILBOURNE has been a Director of the Company since 1999 and Chairman of the Board since May 9, 2008. He currently serves as Chairman of the Board of Financial Institutions, Inc., and its wholly owned subsidiary, Five Star Bank, which provides commercial banking services to customers in Western and Central New York State.
2010-04-12	Mr. Kailbourne’s broad experience as a director on numerous boards of public and private companies and foundations, his 37 years of experience in banking and finance, and his operational experience as chief executive officer of large organizations.
2011-04-12	Mr. Kailbourne’s broad experience as a director on numerous boards of public and private companies and foundations, his 37 years of experience in banking and finance, and his operational experience as chief executive officer of large organizations.
2012-04-10	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 banking subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997.
2013-04-02	Mr. Kailbourne’s broad experience as a director on numerous boards of public and private companies and foundations, his 37 years of experience in banking and finance, and his operational experience as chief executive officer of large organizations.
2014-04-02	Mr. Kailbourne’s broad experience as a director on numerous boards of public and private companies and foundations, his 37 years of experience in banking and finance, and his operational experience as chief executive officer of large organizations.
2015-04-07	Mr. Kailbourne’s broad experience as a director on numerous boards of public and private companies and foundations, his 37 years of experience in banking and finance, and his operational experience as chief executive officer of large organizations.
2016-03-30	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 banking subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997.
2017-03-29	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.
2018-03-28	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 banking subsidiary of Fleet Financial Group, Inc.
2019-03-27	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.
2020-03-31	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 banking subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997.
2021-03-31	ERLAND E. KAILBOURNE has been a Director of the Company since 1999 and Chairman of the Board since January 2020. He previously served as Chairman from May 2008 until February 2019. 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.
2022-04-06	Mr. Kailbourne 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 banking subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997.
2023-03-30	Erland E. Kailbourne previously served as Chairman from May 2008 until February 2019. He resumed the position in January 2020. Mr. Kailbourne 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 banking subsidiary of Fleet Financial Group, Inc., from 1993 until its merger into Fleet National Bank in 1997, and also served as Vice Chairman of the State University of New York from 1995 until 1999.

RAND CAPITAL CORP

Filing Date

Source Excerpt

2001-06-08

Erland E. Kailbourne, 59 became a director in April 1999. Since October 1998, he has been Chairman and President, John R. Oishei Foundation.

2002-03-27

Erland E. Kailbourne, 60 became a director in April 1999. Since October 1998, he has been Chairman and President, John R. Oishei Foundation.

2003-03-26

ERLAND E. KAILBOURNE, 61, became a director in April 1999. Since May 2002, he has been Chairman and Interim CEO of Adelphia Communications.

2004-03-31

Erland E. Kailbourne, Director...........$ 4,750

2005-03-30

Erland E. Kailbourne, Director $8,700 compensation in 2004 fiscal year. Committees: Compensation Committee, Audit Committee.

2006-03-28

Mr. Kailbourne is currently serving as the "lead" independent Director for purposes of scheduling and setting the agenda for the executive sessions of the independent Directors. ... The Audit Committee of the Board of Directors of Rand Capital Corporation is composed of three Directors, each of whom are independent... Mr. Kailbourne is a member of the Audit Committee and Governance and Nominating Committee.

2007-03-27

Erland E. Kailbourne (65) 220 Liberty Street P.O. Box 227 Warsaw, NY 14569 Director 1999 Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank since January 2006. 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, The John R. Oishei Foundation, Albany International Corporation, Allegany Co-op Insurance Company and USA Niagara Development Corp. Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank, and Albany International

2008-03-27

Erland E. Kailbourne (66) 220 Liberty Street P.O. Box 227 Warsaw, NY 14569 Director 1999 Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank since January 2006. 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, The John R. Oishei Foundation, Albany International Corporation, Allegany Co-op Insurance Company, USA Niagara Development Corp. and the Farash Corporation and the Max and Marian Farash Foundation. Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank, and Albany International

2009-04-01

Erland E. Kailbourne (67) 220 Liberty Street P.O. Box 227 Warsaw, NY 14569 Director 1999 Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank since January 2006. Director Compensation: $13,250 in 2008. Committees: Governance and Nominating Committee (Chair), Audit Committee.

2010-03-18

Erland E. Kailbourne (68) 220 Liberty Street P.O. Box 227 Warsaw, NY 14569 Director 1999 Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank since January 2006. 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, The John R. Oishei Foundation, Albany International Corporation, Allegany Co-op Insurance Company, and the Farash Corporation. Chairman of Financial Institutions, Inc. and Albany International Corporation

2011-03-17

Erland E. Kailbourne (69), Director since 1999, Chairman of Governance and Compensation Committee, member of Nominating Committee. Fees earned or paid in cash in 2010: $16,500.

2012-03-15

Erland E. Kailbourne (70) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 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. He retired as Chairman and Chief Executive Officer (New York Region) of Fleet National Bank in 1998. 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. Mr. Kailbourne's extensive banking and financial experience provide necessary attributes as a Director of Rand. He serves as Chair of the Governance and Nominating Committee and is a member of the Compensation and Audit Committees. Director compensation for 2011 was $16,500.

2013-03-22

Erland E. Kailbourne (71) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 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. Mr. Kailbourne's extensive banking and financial experience provide necessary attributes as a Director of Rand. Compensation Committee, Governance and Nominating Committee, Audit Committee member. Fees Earned or Paid in Cash: $20,750.

2014-03-18

Erland E. Kailbourne (72) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 Chairman of Albany International, Inc. since May 2009. Prior thereto, from January 2006 until May 2010, Mr. Kailbourne was Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank. 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. From 1995 – 2000, he was Vice Chairman State University of New York (SUNY). 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, Conemaugh Valley Insurance Company, and The Thomas and Laura Moogan Foundation. Mr. Kailbourne’s extensive banking and financial experience provide necessary attributes as a Director of Rand.

2015-03-16

Erland E. Kailbourne (73) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 ... The Committees of the Board of Directors have the following members: Compensation Committee: Robert M. Zak (Chair), Erland E. Kailbourne, Jayne K. Rand; Governance and Nominating Committee: Erland E. Kailbourne (Chair), Ross B. Kenzie, Jayne K. Rand; Audit Committee: Ross B. Kenzie (Chair), Erland E. Kailbourne, Robert M. Zak. ... During 2014, under Rand's standard compensation arrangements with Directors, the Chairman of the Board received an annual Chairman retainer of $7,500 and each non-employee Director received an annual fee of $7,500 plus $1,500 for attendance at each meeting of the Board of Directors. Audit Committee and Compensation Committee members received $1,000 for each meeting attended and Governance and Nominating Committee members received $750 for each meeting attended. Rand reimburses Directors for reasonable out of pocket expenses incurred in attending Board and Committee meetings. ... Erland E. Kailbourne Fees Earned or Paid in Cash $24,500.

2016-03-11

Erland E. Kailbourne (74) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 Chairman of Albany International, Inc. since May 2009 ... The Committees of the Board of Directors have the following members: Compensation Committee: Robert M. Zak (Chair), Erland E. Kailbourne, Jayne K. Rand; Governance and Nominating Committee: Erland E. Kailbourne (Chair), Ross B. Kenzie, Jayne K. Rand; Audit Committee: Ross B. Kenzie (Chair), Erland E. Kailbourne, Robert M. Zak ... The following table sets forth information with respect to the compensation paid or earned by each non-employee Director for the 2015 fiscal year. Erland E. Kailbourne $23,000.

2017-03-08

Erland E. Kailbourne (75) c/o 2200 Rand Building Buffalo, NY 14203 Director 1999 Chairman of Albany International, Inc. since May 2009. ... The Committees of the Board of Directors have the following members: Compensation Committee: Robert M. Zak (Chair), Erland E. Kailbourne, Jayne K. Rand; Governance and Nominating Committee: Erland E. Kailbourne (Chair), Ross B. Kenzie, Jayne K. Rand; Audit Committee: Ross B. Kenzie (Chair), Erland E. Kailbourne, Robert M. Zak. ... The following table sets forth information with respect to the compensation paid to or earned by each non-employee Director for the 2016 fiscal year. Erland E. Kailbourne $26,000.

2018-03-08

Erland E. Kailbourne (76) c/o 2200 Rand Building Buffalo, NY 14203 Director ... The Committees of the Board of Directors have the following members: Compensation Committee: Robert M. Zak (Chair), Erland E. Kailbourne, Jayne K. Rand; Governance and Nominating Committee: Erland E. Kailbourne (Chair), Ross B. Kenzie, Jayne K. Rand; Audit Committee: Ross B. Kenzie (Chair), Erland E. Kailbourne, Robert M. Zak; The following table sets forth information with respect to the compensation paid to or earned by each non-employee Director for 2017. Erland E. Kailbourne $26,000

2019-04-18

Sincerely,

Erland E. Kailbourne Chairman of the Board
2019-12-02	Erland E. Kailbourne (78) c/o 2200 Rand Building Buffalo, NY 14203 Director and Chairman of the Board 1999 Director of Albany International, Inc. since 1999.
2020-03-17	Erland E. Kailbourne (78) c/o 2200 Rand Building Buffalo, NY 14203 Director and Chairman of the Board 1999 Chairman of Albany International, Inc since 2020. ... The Committees of the Board of Directors had the following members from January 1, 2019 through December 30, 2019: Governance and Compensation Committee Erland E. Kailbourne (Chair), Audit Committee Erland E. Kailbourne. ... Effective January 1, 2016, Board compensation was changed so that each Board member receives a $25,000 per annum stipend for Board and Committee service, and per meeting fees were eliminated. Committee Chairs receive an additional stipend of $2,500 (Audit), $1,000 (Compensation) or $1,000 (Governance and Nominating). The Board Chair receives an additional $10,000 retainer. ... Erland E. Kailbourne $36,000.
2020-11-13	Sincerely, Erland E. Kailbourne Chairman of the Board
2021-03-09	Erland E. Kailbourne (79) c/o 14 Lafayette Square, Suite 1405, Buffalo, NY 14203 Director and Chairman of the Board 1999 Chairman of Albany International, Inc since 2020. Prior to that he was a Director of Albany International, Inc. since 1999 and previously served as its Chairman of the Board from May 2008 until February 2019. From January 2006 until May 2015, Mr. Kailbourne was a Director of Financial Institutions, Inc. and its subsidiary Five Star Bank. 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. From 1995 to 2000, he was Vice Chairman State University of New York (SUNY). 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 REV LNG Holdings, LLC, Allegany Co-op Insurance Company, Conemaugh Valley Insurance Company, and The Thomas and Laura Moogan Foundation. Mr. Kailbournes extensive banking and financial experience provide necessary attributes as a Director of Rand.
2022-03-17	Erland E. Kailbourne (80) c/o 14 Lafayette Square, Suite 1405, Buffalo, NY 14203 Director 1999 Chairman of Albany International, Inc. since 2020. ... The following table sets forth information with respect to the compensation paid to or earned by each non-employee Director for 2021. ... Erland E. Kailbourne $45,000
2023-03-17	Erland E. Kailbourne (81) c/o 14 Lafayette Square, Suite 1405, Buffalo, NY 14203 Director 1999 Mr. Kailbourne has served as the Chairman of the Board of Albany International, Inc. since 2020 and as a Director since 1999. He also previously served as Albany International’s Chairman of the Board from May 2008 until February 2019. From 2006 until 2018, Mr. Kailbourne was a Director of Financial Institutions, Inc. and its subsidiary Five Star Bank. 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. From 1995 to 1999, he was Vice Chairman State University of New York (SUNY). 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 REV LNG Holdings, LLC, REV LNG LLC, Allegany Co-op Insurance Company, Conemaugh Valley Insurance Company, and The Thomas and Laura Moogan Foundation. Mr. Kailbourne’s extensive banking and financial experience provide necessary attributes as a Director of Rand. During 2022, each Board member received a $35,000 per annum fee for Board and committee service. Committee Chairs received an additional fee of $2,500 (Audit) or $1,000 (Governance and Nominating). The Board Chair received an additional $10,000 fee. The following table sets forth information with respect to the compensation paid to or earned by each Director for 2022... Erland E. Kailbourne $37,500
2024-04-01	Erland E. Kailbourne (81) c/o 14 Lafayette Square, Suite 1405, Buffalo, NY 14203 Director 1999 Mr. Kailbourne has served as a Director of Albany International, Inc... During 2023, each Board member received a $50,000 per annum fee for Board and committee service. Committee Chairs received an additional fee of $2,500 (Audit) or $1,000 (Governance and Nominating)... Erland E. Kailbourne $52,500
2025-03-14	Mr. Kailbourne has served as a Director of Albany International, Inc. (NYSE: AIN) from 1999 until May 2024.

Data sourced from SEC filings. Last updated: 2025-07-01

ALBANY INTERNATIONAL CORP /DE/

RAND CAPITAL CORP