Ohio Valley Banc Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2025 Annual Meeting of Shareholders held by Ohio Valley Banc Corp. on May 14, 2025. The filing details the voting outcomes for director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report regarding shareholder voting results.
Material Changes and Voting Results
Shareholder participation was significant, with 80.94% of outstanding shares entitled to vote represented at the meeting. The following proposals were approved:
- Proposal 1 (Director Elections): Shareholders elected three individuals to the Board of Directors for a term expiring in 2028: Larry E. Miller II, Edward J. Robbins, and K. Ryan Smith. All candidates received majority support.
- Proposal 2 (Executive Compensation): Shareholders approved the non-binding advisory vote on the compensation of named executive officers.
- Proposal 3 (Auditor Ratification): Shareholders ratified the selection of Plante & Moran PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of voting results.
Key Facts for Investor Verification
- Verify the specific terms and compensation details for the newly elected directors (Miller, Robbins, Smith) in the Proxy Statement filed on April 4, 2025.
- Confirm the full scope of executive compensation approved in Proposal 2 by reviewing the detailed compensation tables in the Proxy Statement.
- Note that Plante & Moran PLLC is the confirmed auditor for the fiscal year ending December 31, 2025.
- Review the 4,711,001 common shares outstanding as of March 21, 2025, to understand the capital structure context for the voting percentages.