OptimumBank Holdings, Inc. — fact timeline

Braden R. Smith was appointed as President at OptimumBank Holdings, Inc..

“Also effective the same date, the Bank appointed Braden R. Smith as its President.”

Moishe Gubin was appointed as Chief Executive Officer and principal executive officer at OptimumBank Holdings, Inc..

“Effective the same date: (i) the Company appointed its Chairman of the Board, Moishe Gubin, as its Chief Executive Officer and principal executive officer; and (ii) the Bank appointed Mr. Gubin as its Chief Executive Officer.”

Timothy Terry retired as principal executive officer, President and Chief Executive Officer at OptimumBank Holdings, Inc..

“On May 1, 2026, Timothy Terry retired as principal executive officer of OptimumBank Holdings, Inc. (the “Company”) and as President and Chief Executive Officer of its wholly-owned subsidiary, OptimumBank.”

OptimumBank Holdings, Inc. shareholders approved Adjourn the annual meeting in the event there are not sufficient votes to approve one or more of the foregoing proposals at the 2026-04-28 meeting.

“Proposal 4 – To adjourn the annual meeting in the event there are not sufficient votes to approve one or more of the foregoing proposals: For Against Abstain 8,432,766 388,083 170,884”

OptimumBank Holdings, Inc. shareholders approved Ratify the appointment of Hacker, Johnson & Smith, P.A. as the Company's independent auditor for the 2026 fiscal year at the 2026-04-28 meeting.

“Proposal 3 – To ratify the appointment of Hacker, Johnson & Smith, P.A. as the Company’s independent auditor for the 2026 fiscal year: For Against Abstain 8,947,652 20,338 23,743”

OptimumBank Holdings, Inc. shareholders approved Approve an amendment to the Company's Articles of Incorporation to authorize a class of nonvoting common stock at the 2026-04-28 meeting.

“Proposal 2 – To approve an amendment to the Company’s Articles of Incorporation to authorize a class of nonvoting common stock: For Against Abstain 6,699,923 172,576 7,623”

OptimumBank Holdings, Inc. shareholders approved Election of six directors at the 2026-04-28 meeting.

“Proposal 1 - To elect six directors: For Withhold Broker Non-Vote (1) Moishe Gubin 6,511,892 368,230 2,111,611 (2) Joel Klein 6,571,984 308,138 2,111,611 (3) Avi Zwelling 6,547,745 332,377 2,111,611 (4) Thomas Procelli 6,570,311 309,811 2,111,611 (5) Michael Blisko 6,548,921 331,201 2,111,611 (6) Steven Newman 6,548,921 331,201 2,111,611”

OptimumBank Holdings, Inc. reported the first quarter of 2026 results: net income $4.7 million, or $0.39 per basic share, and $0.20 per diluted share, EPS $0.39 per basic share, and $0.20 per diluted share.

“The Company is pleased to announce net income of $4.7 million, or $0.39 per basic share, and $0.20 per diluted share, for the first quarter of 2026.”

OptimumBank Holdings, Inc. issued 531,178 newly issued shares of Company common stock of common stock to Michael Blisko for exchanged 65 shares of Company Series B Convertible Preferred Stock.

“On January 27, 2026, OptimumBank Holdings, Inc. (the “Company”) and Michael Blisko entered into, and consummated the transaction contemplated by, an Exchange Agreement. Pursuant to such agreement, Mr. Blisko exchanged 65 shares of Company Series B Convertible Preferred Stock for 531,178 newly issued shares of Company common stock.”

OptimumBank Holdings, Inc.: Adopted articles of amendment to the articles of incorporation to amend and restate terms of Series B preferred stock, conforming it to Series C preferred stock and including it in diluted common shares and related financial disclosures (effective 2025-10-01).

“Effective October 1, 2025, OptimumBank Holdings, Inc. (the “Company”) adopted articles of amendment to its articles of incorporation amending and restating the terms of the Company’s Series B preferred stock.”

Joel Klein retired as interim Chief Financial Officer at OptimumBank Holdings, Inc..

“Also on May 1, 2025, Joel Klein retired as the Company’s interim Chief Financial Officer.”

Elliot Nunez was appointed as Executive Vice President and Chief Financial Officer at OptimumBank Holdings, Inc..

“On May 1, 2025, OptimumBank Holdings, Inc. (the “Company”) promoted Elliot Nunez, age 58, to serve as Executive Vice President and Chief Financial Officer of the Company.”

Martin Z. Schmidt resigned as Director at OptimumBank Holdings, Inc..

“Effective January 28, 2025, Martin Z. Schmidt resigned from the Boards of Directors of OptimumBank Holdings, Inc. and OptimumBank.”

OptimumBank Holdings, Inc.: Adopted articles of amendment authorizing Series C preferred stock.

“the Company adopted articles of amendment to its Articles of Incorporation authorizing and designating the Series C preferred stock”

OptimumBank Holdings, Inc. entered into subscription agreements with six investors (effective 2024-03-28).

“Effective March 28, 2024, OptimumBank Holdings, Inc. (the “Company”) entered into subscription agreements with six investors.”

OptimumBank Holdings, Inc. reported FY2023 results: net income $7,254,285.

“ended the year with net income of $13,808,107 before credit loss and tax expenses, or $7,254,285 including those expenses.”

OptimumBank Holdings, Inc. reported financial results for the month ended October 31, 2023.

“On December 8, 2023, OptimumBank Holdings, Inc. issued a press release describing aspects of its results of operations for the month ended October 31, 2023.”

Steven Newman was elected as Director at OptimumBank Holdings, Inc..

“On August 23, 2022, the Board of Directors of OptimumBank Holdings, Inc. (the “Company”) elected Steven Newman as a director to fill the vacancy resulting from the earlier resignation of director Heng Fai Ambrose Chan.”

Heng Fai Ambrose Chan resigned as Director at OptimumBank Holdings, Inc..

“the earlier resignation of director Heng Fai Ambrose Chan”

Chan Heng Fai Ambrose resigned as director at OptimumBank Holdings, Inc..

“On April 30, 2022, Chan Heng Fai Ambrose resigned as a director of OptimumBank Holdings, Inc. (the “Company”).”