secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001903596-23-000826
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000826/0001903596-23-000826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000826/nwpp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000826

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