Oak Valley Bancorp Amends 8-K for Financial Disclosure
Ticker: OVLY · Form: 8-K/A · Filed: Jan 24, 2024 · CIK: 1431567
| Field | Detail |
|---|---|
| Company | Oak Valley Bancorp (OVLY) |
| Form Type | 8-K/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $100.8 million, $45.3 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, financial-disclosure, regulation-fd
TL;DR
**OVLY just filed an 8-K/A, adding more financial details to its prior report.**
AI Summary
Oak Valley Bancorp (OVLY) filed an 8-K/A on January 24, 2024, amending its previous 8-K from January 19, 2024. This amendment primarily updates the filing to include information related to 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure,' which were not fully detailed in the initial filing. This matters to investors because it indicates the company is providing more comprehensive financial transparency, potentially offering a clearer picture of its recent performance and future outlook, which could influence stock valuation.
Why It Matters
This filing provides updated and more complete financial information, giving investors a clearer understanding of Oak Valley Bancorp's recent performance and compliance with disclosure regulations.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, indicating increased transparency rather than a new, unexpected event.
Analyst Insight
A smart investor would review the full content of the amended sections (Results of Operations and Financial Condition, Regulation FD Disclosure) to understand the updated financial picture and any new material information provided by Oak Valley Bancorp.
Key Players & Entities
- Oak Valley Bancorp (company) — the registrant filing the 8-K/A
- OVLY (company) — the trading symbol for Oak Valley Bancorp
- January 19, 2024 (date) — date of the earliest event reported in the original 8-K
- January 24, 2024 (date) — date the 8-K/A was filed
FAQ
What is the purpose of this 8-K/A filing by Oak Valley Bancorp?
The purpose of this 8-K/A filing is to amend the original 8-K filed on January 19, 2024, by providing additional information under 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure'.
When was the earliest event reported in the original 8-K that this amendment refers to?
The earliest event reported in the original 8-K was on January 19, 2024, as stated in the filing: 'Date of Report: January 19, 2024 (Date of earliest event reported)'.
What is the trading symbol and exchange for Oak Valley Bancorp's Common Stock?
Oak Valley Bancorp's Common Stock trades under the symbol OVLY on The Nasdaq Stock Market, LLC, as indicated in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the business address of Oak Valley Bancorp?
The business address of Oak Valley Bancorp is 125 N. Third Ave., Oakdale, CA 95361, as listed in the 'BUSINESS ADDRESS' section of the filing.
Is Oak Valley Bancorp considered an 'emerging growth company'?
No, Oak Valley Bancorp is not an 'emerging growth company,' as indicated by the unchecked box next to 'Emerging growth company' in the filing.
Filing Stats: 773 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-01-24 06:07:23
Key Financial Figures
- $100.8 million — tion of fourth quarter loan growth from $100.8 million to $45.3 million as reported in the 3 r
- $45.3 million — rter loan growth from $100.8 million to $45.3 million as reported in the 3 rd  sentence
Filing Documents
- ovly20240123_8ka.htm (8-K/A) — 28KB
- ex_618442.htm (EX-99.1) — 191KB
- 0001437749-24-001985.txt ( ) — 365KB
- ovly-20240119.xsd (EX-101.SCH) — 3KB
- ovly-20240119_def.xml (EX-101.DEF) — 12KB
- ovly-20240119_lab.xml (EX-101.LAB) — 15KB
- ovly-20240119_pre.xml (EX-101.PRE) — 12KB
- ovly20240123_8ka_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition   On January 22, 2024, Oak Valley Bancorp issued a press release, announcing a correction to its fourth quarter earnings press release issued on January 19, 2024, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference.  The press release correction described the correction of fourth quarter loan growth from $100.8 million to $45.3 million as reported in the 3 rd  sentence of the ninth paragraph.  The financial tables were correct as originally reported, and therefore no other changes were required. The information in this Item 2.02 in this Form 8-K and the Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.  
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.   See "Item 2.02. Results of Operations and Financial Condition" which is incorporated by reference in this Item 7.01.  
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (a) Financial statements:             None (b) Pro forma financial information:             None (c) Shell company transactions:             None (d) Exhibits   99.1 Press Release Correction of Oak Valley Bancorp dated January 22, 2024     104 Cover Page Interactive Data File (embedded within the Inline XBRL document)         SIGNATURE        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.   Dated: January 24, 2024       OAK VALLEY BANCORP   By: /s/  Jeffrey A. Gall Jeffrey A. Gall Executive Vice President and Chief Financial Officer (Principal Financial Officer and duly authorized signatory)         Exhibit Index     Exhibit No. Description     99.1 Press Release Correction of Oak Valley Bancorp dated January 22, 2024     104 Cover Page Interactive Data File (embedded within the Inline XBRL document)