Parke Bancorp Reports Director/Officer Changes & Compensation
Ticker: PKBK · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1315399
Sentiment: neutral
Topics: corporate-governance, executive-compensation, officer-changes
Related Tickers: PKBK
TL;DR
Parke Bancorp (PKBK) filed an 8-K detailing leadership changes and executive pay adjustments as of Oct 31, 2024.
AI Summary
Parke Bancorp, Inc. filed an 8-K on January 27, 2025, reporting events as of October 31, 2024. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers. The company is incorporated in New Jersey and its principal executive offices are located at 601 Delsea Drive, Washington Township, NJ.
Why It Matters
This filing indicates potential shifts in the company's leadership and executive compensation structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and personnel matters, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- PARKE BANCORP, INC. (company) — Registrant
- New Jersey (location) — State of incorporation
- 601 Delsea Drive, Washington Township, New Jersey 08080 (location) — Principal executive offices address
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'certain officers' but does not specify the exact positions in the provided text.
Were there any director elections or departures mentioned?
Yes, the filing explicitly mentions 'Departure of Directors or Certain Officers' and 'Election of Directors'.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is October 31, 2024.
What is the SIC code for Parke Bancorp, Inc.?
The Standard Industrial Classification (SIC) code for Parke Bancorp, Inc. is 6022, which corresponds to STATE COMMERCIAL BANKS.
When was this 8-K form filed with the SEC?
This Form 8-K was filed on January 27, 2025.
Filing Stats: 449 words · 2 min read · ~1 pages · Grade level 11.9 · Accepted 2025-01-27 15:34:13
Key Financial Figures
- $0.10 — ich Registered Common Stock, Par Value $0.10 per share PKBK The Nasdaq Stock Market,
Filing Documents
- pkbk-20241031.htm (8-K) — 32KB
- 0001315399-25-000005.txt ( ) — 151KB
- pkbk-20241031.xsd (EX-101.SCH) — 2KB
- pkbk-20241031_lab.xml (EX-101.LAB) — 21KB
- pkbk-20241031_pre.xml (EX-101.PRE) — 12KB
- pkbk-20241031_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 31, 2024, Paul E. Palmieri, Senior Vice President and Chief Credit Officer of the Company, retired from the Company. On November 1, 2024, James B. Meadows filled the vacated role and was formally approved by the Compensation Committee as Senior Vice President and Chief Credit Officer on January 21, 2025.
SIGNATURES
SIGNATURES 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, thereunto duly authorized. PARKE BANCORP, INC. Date: January 27, 2025 By /s/ Jonathan D. Hill Jonathan D. Hill Senior Vice President and Chief Financial Officer (Duly Authorized Representative)