---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000826"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:26:21.761116+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# New Peoples Bankshares hires President & CBO, enters CRO employment agreement

## Summary
- Bryan Booher named EVP & Chief Risk Officer; base salary $210k, term through Dec 31, 2024, auto-renewing annually.
- Severance: 182 days base salary if terminated without cause or non-renewal; 364 days if within 12 months after Change in Control.
- Michael Ratliff joined as President & Chief Banking Officer effective Oct 20, 2023; has 20+ years experience in market area.
- Both appointments are at wholly-owned subsidiary New Peoples Bank.

## SEC filing metadata
- accession: 0001903596-23-000826
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000826/0001903596-23-000826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000826/nwpp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000826
- JSON: https://secwatch.observer/filing/0001903596-23-000826.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000826.txt

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