497 1 rainier_497e.htm SUPPLEMENTARY MATERIALS
 
RAINIER INVESTMENT MANAGEMENT MUTUAL FUNDS, INC.
(the “Trust”)

Supplement dated August 21, 2017
to the combined Statement of Additional Information (“SAI”) dated July 31, 2017 (the “SAI”)
for the following series of the Trust (the “Funds”):

Rainier Large Cap Equity Fund – Original and Institutional Classes
Rainier Mid Cap Equity Fund – Original and Institutional Classes
Rainier Small/Mid Cap Equity Fund – Original and Institutional Classes

This supplement provides new and additional information beyond that contained in the SAI and should be read in conjunction with the SAI.

 
The Board of Trustees has appointed Christine Glavin as the new Chief Financial Officer and Treasurer (which is the principal financial officer) effective August 21, 2017. Therefore, the table of Trustees and officers in the Management section of the SAI is hereby deleted and replaced by the following:

Name Address, and Age
Position Held
Length of
Time
Served*
Principal Occupation During
Past 5 Years
Number of
Funds in Fund
Complex
Overseen by
Trustee (1)
Other
Directorships
Held by Trustee
Over the Last
Five Years
Non-interested Trustees
James E. Diamond, Jr.
601 Union St. Ste. 3525
Seattle, WA  98101
Born 1946
 
Trustee,
Chairman of
the Board
Since
March
1994
Private investor and consultant, from 2014 to present. President of Taylormade Products, Inc. (manufacturer of wooden pallets and shipping materials), 2003 to 2014.
Three
None
Joan L. Enticknap
601 Union St. Ste. 3525
Seattle, WA  98101
Born 1950
 
Trustee
Since
November
2012
Chief of Staff, 2013 to present; Strategic Initiatives Manager, 2010 to 2013; Board Member, President and Chief Operating Officer, 2001 to 2010; all with HomeStreet Bank (banking).
Three
None
Gary L. Sundem
601 Union St. Ste. 3525
Seattle, WA  98101
Born 1944
 
Trustee
Since
March
1994
Professor of Accounting Emeritus, University of Washington from 2008 to present. Professor of Accounting; University of Washington from 1971 to 2008.
Three
None
 

 
Name Address, and Age
Position Held
Length of
Time
Served*
Principal Occupation During
Past 5 Years
Number of
Funds in Fund
Complex
Overseen by
Trustee (1)
Other
Directorships
Held by Trustee
Over the Last
Five Years
Interested Trustee and Officer(2)
Michele T. Mosca
601 Union St., Ste. 3525
Seattle, WA 98101
Born 1972
 
Trustee, CEO
and President
 
(principal
executive
officer)
Since July
2016
President, Manning & Napier Investor Services, Inc. from May 2015 to present (mutual fund distributor); Managing Director, Manning & Napier Advisors Funds Group from January 2009 to present (mutual funds).
Three
None
Officers
Christine Glavin
290 Woodcliff Drive
Fairport, NY 14450
Born 1967
Chief Financial
Officer
 
Treasurer
 
(principal
financial
officer)
 
Since August
2017
 
 
Principal Financial Officer (2002 to present) and Chief Financial Officer (2001 to present), Manning & Napier Fund, Inc. (mutual funds);
Director of Fund Reporting (2011 to present); Fund Reporting Manager (1997 to 2011)
Manning & Napier Advisors, LLC; Assistant Treasurer (2008 to present) Exeter Trust Company
N/A
N/A
Jodi L. Hedberg
601 Union St., Ste. 3525
Seattle, WA 98101
Born 1967
Chief
Compliance
Officer and
Anti-Money
Laundering
Compliance
Officer
 
Since April
2017
Chief Compliance Officer of Rainier from 2017 to present.
Director of Compliance since 2005; Compliance Manager (1995-2005) – Manning & Napier Advisors, LLC and affiliates; Corporate Secretary – Manning & Napier Investor Services, Inc. since 2006
 
N/A
N/A
Richard B. Yates
601 Union St., Ste. 3525
Seattle, WA 98101
Born 1965
 
Chief Legal
Officer
Since May
2016
Chief Legal Officer, Manning & Napier, Inc., Manning & Napier Fund, Inc., Manning & Napier Advisors, LLC, and Exeter Trust Company from 2004 to present.
N/A
N/A
Russell B. Simon
2020 East Financial Way, Suite 100
Glendora, CA 91741
Born 1980
 
Secretary
Since
July 2016
 
Vice President, U.S. Bancorp Fund Services, LLC, (2011 – present); Senior Fund Administrator, Huntington Asset Services (2002 – 2011).
N/A
N/A

*
Trustees and officers of the Fund serve until their resignation, removal or retirement.
(1)
The term “Fund Complex” includes any funds, series of funds, or trusts that share the same investment adviser or that hold themselves out to investors as related companies.  The Fund Complex consists of three separate series of the Trust.
(2)
Ms. Mosca is an “interested person” of the Trust, as defined in the 1940 Act, because of her employment with the parent company and affiliates of Rainier. Ms. Mosca was elected to fill the vacancy created by the departure of Melodie B. Zakaluk, who served as a Trustee and the Chief Executive Officer and President of the Trust from February 2011 until July 2016.



PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE