Business Context and Reporting Period
This Form 8-K filing by Parke Bancorp, Inc. (PKBK) reports a corporate governance event dated October 31, 2024. The report was signed on January 27, 2025, and pertains to the departure of a senior officer and the subsequent appointment of a replacement.
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
- Departure: Paul E. Palmieri retired as Senior Vice President and Chief Credit Officer on October 31, 2024.
- Appointment: James B. Meadows assumed the role of Senior Vice President and Chief Credit Officer effective November 1, 2024.
- Formal Approval: The Compensation Committee formally approved Mr. Meadows' appointment on January 21, 2025.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, risks, contingencies, or unusual items. The document is limited to the disclosure of the executive transition.
Key Facts for Investor Verification
- Verify the effective date of James B. Meadows' tenure as Chief Credit Officer (November 1, 2024).
- Confirm the formal approval date by the Compensation Committee (January 21, 2025).
- Note that this filing does not impact the company's financial statements or operational metrics directly.