secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001493152-22-024311
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315222024311/0001493152-22-024311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315222024311/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-024311

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