Business Context and Reporting Period
This Form 8-K Current Report was filed by OptimumBank Holdings, Inc. on March 13, 2018, regarding an event that occurred on March 12, 2018. 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 corporate governance changes rather than financial performance.
Material Changes
Effective March 12, 2018, John H. Clifford resigned from the Board of Directors of OptimumBank Holdings, Inc. and its wholly-owned subsidiary, OptimumBank. The Company stated that Mr. Clifford's decision to resign was not the result of any disagreement with the Bank or the Company.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, risks, contingencies, or unusual items. The report is limited to the disclosure of the director's departure.
Investor Verification Checklist
- Verify the effective date of John H. Clifford's resignation (March 12, 2018).
- Confirm the absence of any disagreement between the departing director and the Company.
- Check subsequent filings for the appointment of a replacement director.