Form 4: Herzfeld Credit Income Fund: Director Ann S. Lieff Retires
Director Retirement Notification
Ann S. Lieff, a former director of Herzfeld Credit Income Fund, Inc., has filed a Form 4 indicating her retirement from the board and cessation of Section 16 reporting obligations.
Summary
- Ann S. Lieff, a former director of Herzfeld Credit Income Fund, Inc. (HERZ), has filed a Form 4 with the SEC.
- The filing indicates that Lieff is no longer subject to Section 16 reporting requirements, signifying her departure from the board.
- The sole purpose of this Form 4 was to mark the exit box due to her retirement from the board of directors.
- No transactions involving the acquisition or disposition of securities were reported in this filing.
Sentiment
Score: 5
Explanation: Neutral, as this is an administrative filing regarding a director's retirement and does not contain information impacting company performance or outlook.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Ann S. Lieff | NA | 11/25/2025 | Retirement |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Board Composition | Ann S. Lieff has retired from the board of directors, leading to a change in board composition. | 11/25/2025 | This is an administrative change reflecting a director's departure. The immediate impact on corporate governance is the reduction in board members, which may necessitate a replacement or reallocation of committee responsibilities. |
Stakeholder Impact
- Shareholders: The departure of a director may subtly alter board dynamics and oversight, though the immediate impact on shareholder value is likely minimal as it's a retirement.
Key Dates
| Date | Description |
|---|---|
| 11/25/2025 | Date of earliest transaction and signature date for Ann S. Lieff's Form 4 filing, indicating her retirement from the board and cessation of Section 16 reporting obligations. |
Keywords
Herzfeld Credit Income Fund, HERZ, Ann S. Lieff, Form 4, SEC filing, director retirement, corporate governance, insider trading, Section 16
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