secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001437749-21-024880
Event type: leadership
Sentiment:  positive
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oak Valley Bancorp appoints Gary Strong to board; Roseville branch approved for Q1 2022
--------------------------------------------------------------------------------

- Gary Strong appointed independent director effective Nov 1, 2021; will serve on Loan, Compensation, and Nominating Committees.
- Strong is CEO of American Red Cross California Gold Country Region, leading 2,000+ volunteers and 40 employees.
- Oak Valley received regulatory approval to open a new office in Roseville, slated for first quarter 2022.
- Standard non-employee director compensation includes $3,000 monthly retainer and pro-rated retirement agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774921024880/0001437749-21-024880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774921024880/ovly20211102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024880

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer