Business Context and Reporting Period
This Form 8-K filing by MVB Financial Corp. (MVB) was submitted on November 22, 2013. The report addresses a corporate governance event involving the departure of a director from MVB and its wholly-owned subsidiaries, MVB Bank, Inc. and MVB-Central, Inc.
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
On November 22, 2013, Dr. Saad Mossallati resigned effective immediately as a Director of MVB, MVB Bank, and MVB-Central. He also stepped down from all committee memberships, including the Executive Committee of MVB and the Executive and Loan Review Committees of MVB Bank.
Management Commentary and Risks
Management explicitly stated that Dr. Mossallati's resignation is not the result of any disagreement with MVB regarding the company's operations, policies, or practices. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Dr. Saad Mossallati resigned from the Board of Directors and all associated committees effective November 22, 2013.
- The resignation was voluntary and not caused by any disagreement with the company.
- The filing does not disclose any immediate financial impact or replacement for the director.