https://www.sec.gov/Archives/edgar/data/1418191/000141304221000667/smallcapsaisup080621.htm497 1 smallcapsaisup080621.htm
WALTHAUSEN FUNDS
Walthausen Small Cap Value Fund (WSCVX and WFCIX)
Supplement dated August 6, 2021
to the Statement of Additional Information dated June 1, 2021
Effective immediately John B. Walthausen is no longer a portfolio manager, trustee or officer of the Fund. Any information to the contrary in the Prospectus and the Statement of Additional Information should be disregarded.
This supplement and the Statement of Additional Information dated June 1, 2021 provide the information a prospective investor ought to know before investing and should be retained for future reference. The Statement of Additional Information has been filed with the Securities and Exchange Commission and can be obtained without charge by calling the Fund at 1-888-925-8428 or by visiting the Funds' website at www.walthausenfunds.com.
https://www.sec.gov/Archives/edgar/data/1418191/000141304221000669/focusedsaisup080621.htm497 1 focusedsaisup080621.htm
WALTHAUSEN FUNDS
Walthausen Focused Small Cap Value Fund (WSVIX)
Supplement dated August 6, 2021
to the Statement of Additional Information dated June 1, 2021
Effective immediately John B. Walthausen is no longer a trustee or officer of the Fund. Any information to the contrary in the Prospectus and the Statement of Additional Information should be disregarded.
This supplement and the Statement of Additional Information dated June 1, 2021 provide the information a prospective investor ought to know before investing and should be retained for future reference. The Statement of Additional Information has been filed with the Securities and Exchange Commission and can be obtained without charge by calling the Fund at 1-888-925-8428 or by visiting the Funds' website at www.walthausenfunds.com.
Comments
It appears that he is still a manager/co-manager of the Walthausen Focused Small Cap Value Fund.
I thought I'd offer the following, just for you, just because I just remembered it.
https://www.sec.gov/Archives/edgar/data/0001418191/000141304221000838/walthdef14a.htm
Excerpt:
The enclosed Proxy Statement contains information about a proposal to approve new investment advisory agreements between Walthausen Funds and Walthausen & Co., LLC on behalf of the Walthausen Small Cap Value Fund and Walthausen Focused Small Cap Value Fund. The new advisory agreements are required because John Walthausen, the founder of Walthausen & Co., LLC, has retired and along with that retirement comes a planned internal change in ownership of the firm. We are pleased that the current management team will assume the responsibilities of Mr. Walthausen and carry forward the traditions and values established by Mr. Walthausen. His dedication to the firm and its clients, his unwavering commitment to independent research, and his insistence on excellence are ingrained in the culture of the firm and will serve the firm well into the future.
...Presently, 56% of the voting interests of the Adviser are held by John B. Walthausen, 12% by Paul T. Nichols, 10% by DeForest R. Hinman, 8% by Stanley M. Westhoff, 7% by Mark L. Hodge, 3% by Gerard S.E. Heffernan, and 3% by Curtis J. Lasek. Mr. Walthausen intends to withdraw as a member of the Adviser, and upon withdrawal his membership interests will convert to non-voting financial interests in the Adviser (the "Transaction").
From Walthausen's website:
http://www.walthausenfunds.com/wp-content/uploads/2021/08/20180214_Walthausen_PM_Announcement_FINAL.pdf