OptimumBank Holdings elects Steven Newman as director, sells 17,000 shares at $4.50 each

OptimumBank Holdings, Inc.

Steven Newman elected to board to fill vacancy from Heng Fai Ambrose Chan's resignation; term expires at 2023 annual meeting.
Newman is CEO of Newman Group LLC, a real estate firm, and co-founder/chairman of Freight Factoring Specialists.
Company sold 17,000 shares of common stock to Newman at $4.50 per share ($76,500 total) in unregistered transaction under Section 4(a)(2).
Newman is independent under NASDAQ rules; no arrangements or related-party transactions disclosed.

item 5.02 item 3.02

Executive movements

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Appointed

Steven Newman

Director

OPHC · OptimumBank Holdings, Inc.

Effective: 2022-08-23
Filed: August 29, 2022, 7:59 PM ET

On August 23, 2022, the Board of Directors of OptimumBank Holdings, Inc. (the “Company”) elected Steven Newman as a director to fill the vacancy resulting from the earlier resignation of director Heng Fai Ambrose Chan.

Departed

Heng Fai Ambrose Chan

Director

OPHC · OptimumBank Holdings, Inc.

Successor: Steven Newman
Filed: August 29, 2022, 7:59 PM ET

the earlier resignation of director Heng Fai Ambrose Chan

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Steven Newman was elected as Director at OptimumBank Holdings, Inc..

Action: elected
Role: Director

Exact text from the filing

On August 23, 2022, the Board of Directors of OptimumBank Holdings, Inc. (the “Company”) elected Steven Newman as a director to fill the vacancy resulting from the earlier resignation of director Heng Fai Ambrose Chan.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Heng Fai Ambrose Chan resigned as Director at OptimumBank Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

the earlier resignation of director Heng Fai Ambrose Chan

View on SEC.gov

OptimumBank Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-024311

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