Business Context and Reporting Period
This Form 8-K Current Report was filed by OptimumBank Holdings, Inc. on January 6, 2012, covering the earliest event date of January 1, 2012. The filing addresses corporate governance changes rather than financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure regarding a director's resignation and contains no financial data.
Material Changes
Effective January 1, 2012, Larry Willis resigned from the Board of Directors of OptimumBank Holdings, Inc. and its bank subsidiary, OptimumBank. The Company stated that Mr. Willis's decision to resign was not the result of any disagreement with the Company.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, risks, contingencies, or unusual items beyond the specific event of the director's departure.
Investor Verification Checklist
- Verify the current composition of the Board of Directors following the resignation of Larry Willis.
- Confirm whether the resignation impacts any ongoing regulatory examinations or strategic initiatives.
- Review subsequent filings for any appointment of a replacement director.