---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-22-000541"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2022-08-18T23:59:59+00:00"
generated_at: "2026-06-23T22:43:42.926986+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Director E. Stephen Lilly resigns from New Peoples Bankshares board effective August 16, 2022

## Summary
- E. Stephen Lilly resigned as director of New Peoples Bankshares and its subsidiary bank effective August 16, 2022.
- Resignation due to personal matters; no disagreement with company operations, policies or practices.
- No replacement named; board size reduced by one.

## SEC filing metadata
- accession: 0001903596-22-000541
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2022-08-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000541/0001903596-22-000541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000541/sfsnwpp8k081822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-22-000541
- JSON: https://secwatch.observer/filing/0001903596-22-000541.json
- Plain text: https://secwatch.observer/filing/0001903596-22-000541.txt

## Key facts
- Executive change
  E. Stephen Lilly resigned as director at NEW PEOPLES BANKSHARES INC.
  - Action: resigned
  - Role: director
  source text: On August 16, 2022, E. Stephen Lilly, a member of the Boards of Directors of New Peoples Bankshares, Inc. (the “Company”) and its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), notified the Company and the Bank of his decision to resign as a director of both entities effective August 16, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000541/0001903596-22-000541-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.