Business Context and Reporting Period
This Form 8-K is a current report filed by OptimumBank Holdings, Inc. on August 23, 2017, regarding an event that occurred on August 18, 2017. The filing pertains to the departure of a senior executive officer at OptimumBank, the Company's wholly-owned subsidiary.
Key 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 corporate governance changes rather than financial performance.
Material Changes
The primary material change reported is the resignation of Ari Bodner as Chief Operating Officer of OptimumBank, effective August 18, 2017. The Company explicitly states that Mr. Bodner's resignation was not the result of any disagreement with the Bank or the Company.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. The only commentary provided confirms the amicable nature of the executive's departure.
Key Facts for Investor Verification
- Ari Bodner resigned as Chief Operating Officer of OptimumBank effective August 18, 2017.
- The resignation was not caused by any disagreement with the Company.
- The report was signed by Timothy Terry, the Principal Executive Officer, on August 24, 2017.
- No financial data or future outlook is included in this specific filing.