Current Report Filing (8-k)
January 26 2018 - 11:52AM
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): January 22, 2018
New
Peoples Bankshares, Inc.
(Exact
name of registrant as specified in its charter)
Commission
File Number: 000-33411
VA
|
|
31-1804543
|
(State
or other jurisdiction of
|
|
(IRS
Employer
|
incorporation)
|
|
Identification
No.)
|
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:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
Appointment
of Officers
John
J. Boczar, age 59, has been appointed Executive Vice President and Chief Financial Officer, Treasurer and Secretary of New Peoples
Bankshares, Inc. (the “Company”) and its wholly-owned subsidiary New Peoples Bank, Inc. (the “Bank”) effective
January 22, 2018. Mr. Boczar, served as a Senior Vice President and Director of Tax Reporting and Compliance in 2017 and Vice
President and Corporate Accountant from June 2012 to December 2016 for Bank of North Carolina, Thomasville, North Carolina. Prior
to that, he served as the Chief Financial Officer of Carolina Federal Savings Bank from September 2006 until June 2012. Previously
he served as an executive officer, including chief financial officer, for two community banking organizations in Pennsylvania.
Mr. Boczar has over 35 years of community banking experience. He is a graduate of St. Francis University, Loretto, Pennsylvania
with a Bachelor of Science degree in Accounting.
Effective
January 22, 2018, Frank Sexton, Jr. no longer serves as Interim Chief Financial Officer, Secretary and Treasurer of the Company
and Bank. He will continue serving as the Company and Bank’s Executive Vice President and Chief Operating Officer
where he has served since 2003.
Appointment
of Director
The
Board of Directors of the Company and Bank, respectively, at meetings held on January 22, 2018, appointed J. Robert “Bob”
Buchanan to their respective Board of Directors. Mr. Buchanan, age 66, has over 40 years banking experience, which includes serving
as President, Chief Executive Officer, and Director of First Region Bancshares and First Sentinel Bank, located in Richlands,
Virginia from August of 2008 to October of 2015.
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.
NEW
PEOPLES BANKSHARES, INC.
(Registrant)
Date:
January 26, 2018
By:
/s/ C. TODD ASBURY
C.
Todd Asbury
President
and
Chief
Executive Officer
New Peoples Bankshares (PK) (USOTC:NWPP)
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