{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-25-000327","form_type":"8-K","ticker":"NWPP","cik":"0001163389","company_name":"NEW PEOPLES BANKSHARES INC","filed_at":"2025-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.467472+00:00","generated_at":"2026-05-18T09:54:29.976646+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"New Peoples Bankshares signs new 3-year CEO employment agreement; base salary $320,000","bullets":["James W. Kiser continues as President and CEO under new 3-year agreement through June 2028.","Base salary of $320,000 per year, with potential upward adjustment and annual cash bonus.","Severance: 2x base + bonus on termination without cause; 3x multiplier if within 24 months of Change in Control.","Non-competition and non-solicitation covenants for 12 months post-termination, with exceptions.","Prior employment agreement dated May 14, 2019 terminated upon execution."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-25-000327","json":"https://secwatch.observer/filing/0001903596-25-000327.json","markdown":"https://secwatch.observer/filing/0001903596-25-000327.md","text":"https://secwatch.observer/filing/0001903596-25-000327.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163389/000190359625000327/0001903596-25-000327-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163389/000190359625000327/nwpp_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:54:29.976646+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}