Business Context and Reporting Period
This Form 8-K is a current report filed by MVB Financial Corp. on March 16, 2021. The filing addresses a corporate governance event regarding the Board of Directors rather than financial performance.
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 the departure of a director and contains no financial data.
Material Changes
The material change reported is the departure of Daniel W. Holt from the Board of Directors. Mr. Holt notified the Company that he will not stand for re-election at the 2021 Annual Meeting of Shareholders scheduled for May 18, 2021. His service as a director will end effective as of that meeting.
Guidance, Outlook, and Management Commentary
- Reason for Departure: The filing explicitly states that Mr. Holt's decision did not result from any disagreement or dispute with the Company or the Board.
- Management Response: The Board has accepted his notice.
- Outlook: No financial guidance or future outlook is provided in this document.
Key Facts for Investor Verification
- Verify the date of the 2021 Annual Meeting of Shareholders (May 18, 2021) to confirm the exact effective date of the director's departure.
- Confirm whether the Board has nominated a replacement candidate for the upcoming Annual Meeting.
- Review subsequent filings to ensure no undisclosed disputes arose following this announcement.