Current Report Filing (8-k)
June 30 2017 - 6:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June
26, 2017
New Peoples Bankshares, Inc.
(Exact name of registrant as specified in
its charter)
Commission File Number: 000-33411
VA
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31-1804543
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(State
or other jurisdiction of
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(IRS
Employer
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incorporation)
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Identification
No.)
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67 Commerce Drive
Honaker, VA 24260
(Address of principal executive offices,
including zip code)
(276) 873-7000
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
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On June 26, 2017, the Board of Directors of
New Peoples Bankshares, Inc. (the “Company”) and subsidiaries appointed Frank Sexton, Jr., Executive Vice President
and Chief Operating Officer as Interim Chief Financial Officer and Secretary and Treasurer effective June 30, 2017 in addition
to his current duties. Mr. Sexton, age 67, joined the Bank in 1998 as Executive Vice President and Cashier of New Peoples Bank,
Inc. and upon the formation of the Company in 2001, he served as Executive Vice President, Chief Financial Officer and Secretary
until December 2003. He had previously served as Interim Chief Financial Officer and Secretary and Treasurer of the Company and
its subsidiaries from December 17, 2014 to April 26, 2015. There are no arrangements or understandings between Mr. Sexton and
any other person or persons pursuant to which Mr. Sexton was appointed as Interim Chief Financial Officer, Secretary and Treasurer
of the Company and its subsidiaries. There is no family relationship between Mr. Sexton and any other director or executive officer
of the Company.
The Company did not enter into or materially
amend any material plan, contract or arrangement with Mr. Sexton in connection with his appointment as Interim Chief Financial
Officer and Secretary and Treasurer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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NEW
PEOPLES BANKSHARES, INC.
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Date:
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June 29, 2017
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By:
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/s/ C. TODD ASBURY
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C. Todd Asbury
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President and Chief Executive Officer
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