---
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"
generated_at: "2026-05-18T09:54:29.976646+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# New Peoples Bankshares signs new 3-year CEO employment agreement; base salary $320,000

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-25-000327
- JSON: https://secwatch.observer/filing/0001903596-25-000327.json
- Plain text: https://secwatch.observer/filing/0001903596-25-000327.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.