Peter K. Hoglund
About Peter K. Hoglund
Peter K. Hoglund serves as Treasurer of Royce Micro-Cap Trust, Inc. (RMT) and is Chief Financial Officer, Chief Administrative Officer, and a Managing Director of Royce Investment Partners; he has been employed by Royce since December 2014 . He previously spent more than 20 years at Munder Capital Management in Birmingham, MI, as Managing Director and Chief Financial Officer overseeing all financial aspects of the firm . Age: 58 (2024 proxy) and 59 (2025 proxy); Officer of the Fund since 2015, elected annually and serving at the pleasure of the Board . The Fund’s proxies do not disclose executive performance metrics such as TSR, revenue, or EBITDA tied to his role – –.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Munder Capital Management (Birmingham, MI) | Managing Director & Chief Financial Officer | 20+ years | Oversaw all financial aspects of the firm |
External Roles
No external public company board roles or committee positions are disclosed for Hoglund in the Fund’s proxies – –.
Fixed Compensation
- The Fund’s proxies disclose director compensation only and do not provide officer compensation details (salary, bonus, equity) for Fund officers, including Hoglund .
- Officers are elected annually and “serve at the pleasure of the Board”; no employment agreement or cash compensation details are provided in the Fund’s proxy .
Performance Compensation
- No disclosure of performance-based compensation (RSUs/PSUs, options, metrics, targets, payout formulas, vesting schedules) for Fund officers in the RMT proxies – –.
Equity Ownership & Alignment
As-of-date beneficial ownership and outstanding shares context:
| Metric | 2024 Record Date (July 26, 2024) | 2025 Record Date |
|---|---|---|
| Shares Outstanding (Common) | 50,682,110 | 52,592,863 |
| Peter K. Hoglund – Beneficial Ownership (Common) | None (0 shares) | None (0 shares) |
| Ownership as % of Shares Outstanding | 0.00% (0 ÷ 50,682,110) | 0.00% (0 ÷ 52,592,863) |
- Officers and Directors as a group (12 persons) owned less than 1% of outstanding shares at each record date .
- The proxies provide beneficial ownership tables but do not disclose pledging, hedging, or officer stock ownership guideline requirements .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer of Fund Since | 2015 (Treasurer) |
| Election/Service | Officers elected annually; serve at the pleasure of the Board |
| Employment Agreement | Not disclosed in Fund proxy – |
| Severance / Change-of-Control | Not disclosed in Fund proxy – |
| Non-compete / Non-solicit / Garden Leave | Not disclosed in Fund proxy – |
| Post-termination Consulting | Not disclosed in Fund proxy – |
| Section 16 Compliance | Fund states all officers/Directors complied with Forms 3/4/5 filing requirements for the most recent fiscal year |
Investment Implications
- Alignment: Hoglund holds no RMT shares as of the record dates, implying no direct “skin in the game” via Fund stock; insider selling pressure from his personal holdings is effectively nil .
- Transparency: RMT proxies do not disclose officer pay structures or incentive metrics for fund officers; without visibility into salary/bonus/equity at the adviser level (Royce), pay-for-performance assessment cannot be made from Fund filings .
- Tenure/Retention: Continuous service as Fund Treasurer since 2015 and senior roles at Royce since 2014 suggest continuity and operational stability in fund administration .
- Governance/Risk: The Fund indicates full Section 16 compliance by officers and directors for the most recent fiscal year, reducing regulatory red flags related to insider filings . No disclosures of pledging/hedging, severance economics, or change-of-control triggers for officers are present in the proxies –.