Business Context and Reporting Period
This Form 8-K filing by OptimumBank Holdings, Inc. reports a corporate governance event. The report date is July 27, 2017, covering an event that occurred on July 25, 2017.
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 personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Thomas Procelli as a director of the Company on July 25, 2017. Mr. Procelli, age 63, has served as a director since 2012 and previously held the roles of Executive Vice President and Chief Operating Officer from 2000 through 2015. He currently serves as the principal consultant for TAP Independent Consulting, LLC.
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.
Investor Verification Checklist
- Confirm the effective date of Thomas Procelli's director appointment (July 25, 2017).
- Review Mr. Procelli's prior tenure as Executive Vice President and Chief Operating Officer (2000–2015).
- Verify the Company's current board composition following this appointment.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.