{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-24-000096","form_type":"8-K","ticker":"NWPP","cik":"0001163389","company_name":"NEW PEOPLES BANKSHARES INC","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.537768+00:00","generated_at":"2026-06-05T08:13:31.741088+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"New Peoples Bankshares CEO Asbury to step down Mar 31; Kiser to succeed; dividend $0.07, buyback up to 500k shares","bullets":["CEO C. Todd Asbury steps down effective March 31, 2024; James W. Kiser, Bank CEO, assumes Company CEO role.","Asbury becomes senior advisor through May 2025 and remains Board member until 2025 annual meeting.","Dividend of $0.07 per share declared, payable March 29, 2024 to shareholders of record March 15, 2024.","Board authorized continuation of share repurchase of up to 500,000 shares through March 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-24-000096","json":"https://secwatch.observer/filing/0001903596-24-000096.json","markdown":"https://secwatch.observer/filing/0001903596-24-000096.md","text":"https://secwatch.observer/filing/0001903596-24-000096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/0001903596-24-000096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/nwpp_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T08:13:31.741088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05e62b1d4c","claim":"C. Todd Asbury departed as President and Chief Executive Officer at NEW PEOPLES BANKSHARES INC.","evidence_excerpt":"C. Todd Asbury, the President and Chief Executive Officer of the Company, will step down from his current positions effective March 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/0001903596-24-000096-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"step down"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"52c977448e","claim":"James W. Kiser was appointed as President and Chief Executive Officer at NEW PEOPLES BANKSHARES INC.","evidence_excerpt":"James W. Kiser, the President and Chief Executive Officer of the Bank, will assume those same duties with the Company on March 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/0001903596-24-000096-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assume"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}