Business Context and Reporting Period
This Form 8-K Current Report was filed by Avidbank Holdings, Inc. on November 14, 2025. The registrant is a California corporation with its principal executive offices in San Jose, CA. The report discloses a corporate governance event regarding the departure of a director.
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
The material change disclosed is the resignation of Ms. Lisa Hendrickson from the Board of Directors of both Avidbank Holdings, Inc. and its wholly-owned subsidiary, Avidbank. Ms. Hendrickson has served on the boards since 2006. Her resignation is effective December 31, 2025.
Management Commentary and Risks
Management states that Ms. Hendrickson's decision to resign was due to personal reasons. The filing explicitly notes that the resignation is not over any disagreement with the Company's board of directors or management. No other risks, contingencies, or unusual items are disclosed in this report.
Key Facts for Investor Verification
- Ms. Lisa Hendrickson is resigning from the Board of Directors effective December 31, 2025.
- The resignation covers both the parent company (Avidbank Holdings, Inc.) and the subsidiary (Avidbank).
- The departure is attributed to personal reasons with no reported disagreement with management.
- Ms. Hendrickson had served on the board since 2006.