secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001903596-24-000096
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares CEO Asbury to step down Mar 31; Kiser to succeed; dividend $0.07, buyback up to 500k shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/0001903596-24-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359624000096/nwpp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000096

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