Ohio Valley Banc Corp. Announces 2024 Annual Meeting of Shareholders

Ticker: OVBC · Form: DEF 14A · Filed: Apr 5, 2024

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Executive Compensation, Director Election

TL;DR

<b>Ohio Valley Banc Corp. will hold its Annual Meeting of Shareholders on May 15, 2024, to elect directors and vote on executive compensation.</b>

AI Summary

OHIO VALLEY BANC CORP (OVBC) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Annual Meeting scheduled for Wednesday, May 15, 2024, at 5:00 p.m. EDT. Meeting to be held at Holzer Leadership & Innovation Institute, Gallipolis, Ohio. Key agenda items include election of four directors. Shareholders will vote on the compensation of named executive officers in a non-binding vote. Ratification of the selection of the independent registered public accounting firm is also on the agenda.

Why It Matters

For investors and stakeholders tracking OHIO VALLEY BANC CORP, this filing contains several important signals. Shareholders have the opportunity to directly influence the company's governance by electing directors. The non-binding vote on executive compensation allows shareholders to voice their opinion on pay practices.

Risk Assessment

Risk Level: low — OHIO VALLEY BANC CORP shows low risk based on this filing. This filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information, thus posing minimal risk.

Analyst Insight

Review the director nominees and executive compensation proposals to inform your voting decision at the May 15th meeting.

Key Numbers

Key Players & Entities

FAQ

When did OHIO VALLEY BANC CORP file this DEF 14A?

OHIO VALLEY BANC CORP filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by OHIO VALLEY BANC CORP (OVBC).

Where can I read the original DEF 14A filing from OHIO VALLEY BANC CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by OHIO VALLEY BANC CORP.

What are the key takeaways from OHIO VALLEY BANC CORP's DEF 14A?

OHIO VALLEY BANC CORP filed this DEF 14A on April 5, 2024. Key takeaways: Annual Meeting scheduled for Wednesday, May 15, 2024, at 5:00 p.m. EDT.. Meeting to be held at Holzer Leadership & Innovation Institute, Gallipolis, Ohio.. Key agenda items include election of four directors..

Is OHIO VALLEY BANC CORP a risky investment based on this filing?

Based on this DEF 14A, OHIO VALLEY BANC CORP presents a relatively low-risk profile. This filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information, thus posing minimal risk.

What should investors do after reading OHIO VALLEY BANC CORP's DEF 14A?

Review the director nominees and executive compensation proposals to inform your voting decision at the May 15th meeting. The overall sentiment from this filing is neutral.

How does OHIO VALLEY BANC CORP compare to its industry peers?

Ohio Valley Banc Corp. operates as a commercial bank, a sector subject to regulatory oversight and shareholder scrutiny regarding financial performance and executive compensation.

Are there regulatory concerns for OHIO VALLEY BANC CORP?

As a publicly traded company, Ohio Valley Banc Corp. is subject to the Securities Exchange Act of 1934, requiring it to file proxy statements for shareholder meetings.

Risk Factors

Industry Context

Ohio Valley Banc Corp. operates as a commercial bank, a sector subject to regulatory oversight and shareholder scrutiny regarding financial performance and executive compensation.

Regulatory Implications

As a publicly traded company, Ohio Valley Banc Corp. is subject to the Securities Exchange Act of 1934, requiring it to file proxy statements for shareholder meetings.

What Investors Should Do

  1. Review the list of director nominees and their qualifications.
  2. Understand the proposals related to executive compensation and the rationale behind them.
  3. Confirm the ratification of the independent registered public accounting firm.

Key Dates

Glossary

DEF 14A
Definitive Proxy Statement filed with the SEC. (This filing type indicates the company is providing final proxy materials to shareholders for an upcoming meeting.)
Named Executive Officers
The top executive employees of a company, typically including the CEO, CFO, and other senior leaders. (Shareholders will vote on the compensation of these individuals, highlighting their importance to corporate governance.)

Year-Over-Year Comparison

This is a preliminary filing for the 2024 Annual Meeting of Shareholders. Specific financial performance data or changes from the previous year are not detailed in this proxy statement.

Filing Stats: 4,853 words · 19 min read · ~16 pages · Grade level 10.5 · Accepted 2024-04-05 11:24:14

Filing Documents

From the Filing

DEF 14A 1 def14aproxy2024.htm 2024 DEFINITIVE PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 OHIO VALLEY BANC CORP. (Exact Name of Small Business Issuer as Specified in its Charter) (Name of person(s) filing proxy statement, if other than registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No: (3) Filing Party: (4) Date Filed: ANNUAL MEETING OF SHAREHOLDERS Wednesday, May 15, 2024 Dear Shareholder: We take pleasure in inviting you to our Annual Meeting of Shareholders (the "Annual Meeting"), of Ohio Valley Banc Corp. (the "Company)", which will be held on Wednesday, May 15, 2024, at 5:00 p.m., Eastern Daylight Saving Time, at the Holzer Leadership & Innovation Institute, 254 Jackson Pike, Gallipolis, Ohio 45631. The Annual Meeting will be held for several purposes: election of four directors; approval, in a non-binding vote, of the compensation of the Company's named executive officers; ratification of the selection of the Company's independent registered public accounting firm; and transaction of such other business as may properly come before the meeting. At the meeting, we will also report to you on our operations during the 2023 fiscal year and plans for the future. The close of business on March 22, 2024, has been fixed as the record date for determination of shareholders entitled to notice of the Annual Meeting and to vote at the Annual Meeting or any adjournment thereof. The formal Notice of Annual Meeting, the Proxy Statement, and a proxy are enclosed or available at www.ovbc.com/proxymaterials depending on your preference. After you have read the Proxy Statement, we encourage you to promptly vote your shares by going to www.cleartrustonline.com/ovbc and following the instructions on that website or by calling 1-813-235-4490. Alternatively, you may submit your proxy by filling in, signing, and returning the enclosed proxy in the envelope provided. We urge you to submit your proxy to ensure that your shares are represented. Your vote is important to us, regardless of the number of shares you hold. Last year, 72% of the Company's shares were represented at the Annual Meeting. Please help us exceed last year's participation by signing and returning your proxy or submitting your proxy electronically or telephonically today. We hope to see many of you in person at the Annual Meeting. There will be a social hour beginning at 4:00 p.m. Hors d'oeuvres and beverages will be served, and we hope you will take this opportunity to become acquainted with the officers and directors of your Company. Sincerely, Thomas E. Wiseman Larry E. Miller II Chairman of the Board President and Chief Executive Officer Dated: April 2, 2024 OHIO VALLEY BANC CORP. P.O. Box 240 Gallipolis, Ohio 45631 1-800-468-6682 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS Wednesday, May 15, 2024 5:00 p.m. Gallipolis, Ohio April 2, 2024 To the Shareholders of Ohio Valley Banc Corp. Notice is hereby given that the Annual Meeting of Shareholders (the "Annual Meeting") of Ohio Valley Banc Corp. (the "Company") will be held at the Holzer Leadership & Innovation Institute, 254 Jackson Pike, Gallipolis, Ohio 45631, on Wednesday, May15, 2024, at 5:00 p.m., Eastern Daylight Saving Time, for the following purposes: 1. to elect four directors of the Company, each to serve for a three-year term and until their successor is duly elected and qualified, or until their earlier resignation, removal from office or death; 2. to approve, in a non-binding vote, the compensation of the Company's named executive officers; 3. to consider and vote upon ratification of the selection of Plante & Moran, PLLC as the independent registered public ac

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