Business Context and Reporting Period
This Form 8-K Current Report was filed by OptimumBank Holdings, Inc. on April 16, 2012, regarding an event that occurred on April 13, 2012. The registrant is a Florida corporation with its principal executive offices in Fort Lauderdale, FL.
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 a personnel change and does not contain financial performance data.
Material Changes
Effective April 13, 2012, Howard Zusman resigned as Senior Vice President and Chief Lending Officer of OptimumBank, the wholly-owned subsidiary bank of the Company. The resignation was to accept another employment opportunity and was not the result of any disagreement with the Bank or the Company.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on future performance, or discussion of risks and contingencies beyond the specific officer departure.
Investor Verification Checklist
- Confirm the effective date of Howard Zusman's resignation (April 13, 2012).
- Verify the reason for departure (acceptance of another employment opportunity).
- Check for any subsequent filings regarding the appointment of a replacement Chief Lending Officer.
- Review the Company's most recent 10-K or 10-Q for financial metrics not included in this 8-K.