Business Context and Reporting Period
This Form 8-K filing by Parke Bancorp, Inc. (PKBK) was submitted on January 21, 2020. The report addresses corporate governance changes under Item 5.02 regarding the appointment of a new director.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Elizabeth A. Milavsky to the Board of Directors. Ms. Milavsky was formerly the Company's Executive Vice President and Chief Operating Officer. She is expected to serve on the Marketing, Risk, and Strategic Planning committees. The filing states there were no understandings or arrangements pursuant to which she was appointed.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Elizabeth A. Milavsky was appointed to the Board of Directors on January 21, 2020.
- Ms. Milavsky previously served as Executive Vice President and Chief Operating Officer.
- She is expected to join the Marketing, Risk, and Strategic Planning committees.
- No compensatory arrangements or understandings were disclosed in connection with this appointment.