Ohio Valley Banc Corp. Reports Executive Officer Change
Ticker: OVBC · Form: 8-K · Filed: Dec 17, 2024
Sentiment: neutral
Topics: executive-change, officer-appointment
TL;DR
OVBC reports executive officer change for T. Wiseman, effective Dec 11.
AI Summary
Ohio Valley Banc Corp. announced a change in executive officer status for T. Wiseman on December 11, 2024. The filing details this change, which falls under the categories of departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Why It Matters
Changes in executive officer status can signal shifts in company leadership and strategy, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing reports a routine change in executive officer status without any indication of financial distress or significant operational disruption.
Key Players & Entities
- Ohio Valley Banc Corp. (company) — Registrant
- T. Wiseman (person) — Executive Officer
- December 11, 2024 (date) — Effective date of change
FAQ
What specific change in executive officer status was reported for T. Wiseman?
The filing indicates a change in executive officer status for T. Wiseman, effective December 11, 2024, under the categories of departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the ticker symbol for Ohio Valley Banc Corp.?
The ticker symbol for Ohio Valley Banc Corp. is not explicitly stated in this filing, but it is a publicly traded company.
When was this Form 8-K filed?
This Form 8-K was filed on December 17, 2024.
What is the principal executive office address for Ohio Valley Banc Corp.?
The principal executive office address is 420 THIRD AVENUE, PO BOX 240, GALLIPOLIS, Ohio 45631.
What is the SIC code for Ohio Valley Banc Corp.?
The Standard Industrial Classification (SIC) code for Ohio Valley Banc Corp. is 6022, which corresponds to STATE COMMERCIAL BANKS.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-12-17 15:59:50
Key Financial Figures
- $259,284 — man will receive annual compensation of $259,284 in cash for serving as the Chairman and
Filing Documents
- sec8kstatuschngwiseman.htm (8-K) — 22KB
- 0000894671-24-000028.txt ( ) — 155KB
- ovbc-20241211.xsd (EX-101.SCH) — 4KB
- ovbc-20241211_lab.xml (EX-101.LAB) — 21KB
- ovbc-20241211_pre.xml (EX-101.PRE) — 16KB
- sec8kstatuschngwiseman_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory
Item 5.02. Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On December 11, 2024, Thomas E. Wiseman notified Ohio Valley Banc Corp. (the " Company ") of his intention to retire from his position as an executive officer of the Company and The Ohio Valley Bank Company (the " Bank "), effective January 1, 2025. Mr. Wiseman will remain in the position of non-executive Chairman of the Board Directors of the Company (the " Board "), where he will serve at the discretion of the Board. In his new role as non-executive Chairman, Mr. Wiseman will remain a non-voting member of the Audit and Enterprise Risk Committees of the Board of the Company. In addition, Mr. Wiseman will remain a voting member of the Executive Committee of the Company and the Bank. Mr. Wiseman will receive annual compensation of $259,284 in cash for serving as the Chairman and as a non-executive employee, in addition to being eligible for all employee director compensation.
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. OHIO VALLEY BANC CORP. Date: December 17, 2024 By: /s/Larry E. Miller, II Larry E. Miller, II President and Chief Executive Officer