Business Context and Reporting Period
This Form 8-K Current Report was filed by MVB Financial Corp on August 24, 2012. The filing addresses corporate governance matters, specifically the departure of a director from the registrant and its wholly-owned subsidiary, MVB Bank, Inc.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance disclosures and does not contain financial statements or performance metrics.
Material Changes
Departure of Director: On August 24, 2012, Wayne H. Stanley resigned as a Director of MVB Financial Corp and MVB Bank, Inc., effective immediately. The Company stated that the resignation is not the result of any disagreement with MVB regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of risks and contingencies. The only unusual item noted is the immediate resignation of a board member, which the Company explicitly characterized as unrelated to any internal dispute.
Key Facts for Investor Verification
- Wayne H. Stanley resigned as Director effective August 24, 2012.
- The resignation applies to both MVB Financial Corp and MVB Bank, Inc.
- Management confirmed no disagreement exists between the departing director and the Company.
- Exhibit 99.1 contains the formal resignation letter.