Business Context and Reporting Period
This Form 8-K is a current report filed by Parke Bancorp, Inc. on March 10, 2010. The filing addresses corporate governance and management changes under Item 5.02, specifically the appointment of new senior officers.
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 personnel appointments and does not contain financial statements or performance data.
Material Changes
The material change reported is the appointment of two new senior officers effective March 10, 2010:
- Elizabeth Milavsky (age 56) appointed as Chief Operating Officer. She joined the subsidiary, Parke Bank, in 2004 and was previously Executive Vice President.
- John Hawkins (age 55) appointed as Chief Financial Officer. He joined the Bank in 2008 as Controller and served as Interim CFO since October 2009.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The document serves solely to disclose the executive appointments.
Investor Verification Checklist
- Verify the professional backgrounds and prior tenures of Elizabeth Milavsky and John Hawkins as stated in the press release.
- Confirm the effective date of the appointments (March 10, 2010).
- Review subsequent filings (e.g., 10-Q or 10-K) for financial performance data, as this 8-K does not include financial metrics.