secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001903596-23-000963
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares increases share limit under Long-Term Cash Incentive Plan, awards CEO 30,000 notional shares
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- Board approved amendment raising notional share limit from 500,000 to 750,000 under the Long-Term Cash Incentive Plan.
- Amendment adds 250,000 notional shares for future awards; plan provides cash based on quarterly EPS, not equity.
- James W. Kiser, President and CEO, granted 30,000 notional shares effective January 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000963/0001903596-23-000963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000963/nwpp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000963

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