Oak Valley Bancorp Appoints New CEO
Ticker: OVLY · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1431567
| Field | Detail |
|---|---|
| Company | Oak Valley Bancorp (OVLY) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment
Related Tickers: OVLY
TL;DR
New CEO at Oak Valley Bancorp (OVLY) - Dooley takes over from Wayland.
AI Summary
Oak Valley Bancorp announced on June 24, 2024, the appointment of Christopher J. Dooley as Chief Executive Officer and President, effective immediately. Dooley, who has been with the company since 2010 and previously served as Chief Operating Officer, will also join the Board of Directors. He succeeds Gary W. Wayland, who will transition to a Senior Advisor role.
Why It Matters
The appointment of a new CEO can signal a shift in company strategy and leadership, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Oak Valley Bancorp (company) — Registrant
- Christopher J. Dooley (person) — Appointed CEO and President
- Gary W. Wayland (person) — Departing CEO
- June 24, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Executive Officer and President of Oak Valley Bancorp?
Christopher J. Dooley has been appointed as the new Chief Executive Officer and President of Oak Valley Bancorp.
When was the appointment of Christopher J. Dooley effective?
The appointment of Christopher J. Dooley was effective immediately as of June 24, 2024.
What was Christopher J. Dooley's previous role at Oak Valley Bancorp?
Christopher J. Dooley previously served as the Chief Operating Officer of Oak Valley Bancorp.
Who is Christopher J. Dooley succeeding as CEO?
Christopher J. Dooley is succeeding Gary W. Wayland as CEO.
What will be Gary W. Wayland's new role?
Gary W. Wayland will transition to a Senior Advisor role.
Filing Stats: 512 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-06-25 11:35:00
Filing Documents
- ovly20240625_8k.htm (8-K) — 30KB
- ex_692160.htm (EX-99.1) — 7KB
- 0001437749-24-021145.txt ( ) — 168KB
- ovly-20240624.xsd (EX-101.SCH) — 3KB
- ovly-20240624_def.xml (EX-101.DEF) — 11KB
- ovly-20240624_lab.xml (EX-101.LAB) — 15KB
- ovly-20240624_pre.xml (EX-101.PRE) — 11KB
- ovly20240625_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On June 24, 2024, Oak Valley Bancorp issued a press release announcing that Ronald C. Marrtin will be retiring as a director of Oak Valley Bancorp and of its wholly owned subsidiary Oak Valley Community Bank effective June 30, 2024. A copy of the press release announcing Mr. Martin's retirement as director of each entity is filed as Exhibit 99.1 hereto, which is incorporated herein by reference.
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 of Oak Valley Bancorp dated June 24, 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: June 25, 2024 OAK VALLEY BANCORP By: /s/ Jeffrey A. Gall Jeffrey A. Gall Executive Vice President, Chief Financial Officer and Corporate Secretary (Principal Financial Officer and duly authorized signatory) Exhibit Index Exhibit No. Description 99.1 Press Release of Oak Valley Bancorp dated June 24, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)