Business Context and Reporting Period
This Form 8-K is a current report filed by OptimumBank Holdings, Inc. on December 28, 2017, covering an event that occurred on December 21, 2017. 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
The material change reported is the election of a new director to the Board of Directors of OptimumBank Holdings, Inc. and its wholly-owned subsidiary, OptimumBank.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The sole purpose of the report is to disclose the appointment of a new board member.
Important Facts for Investors to Verify
- Avi M. Zwelling was elected to the Board of Directors effective December 21, 2017.
- The appointment applies to both OptimumBank Holdings, Inc. and OptimumBank.
- The report was signed by Timothy Terry, the Principal Executive Officer.