Business Context and Reporting Period
This Form 8-K is a current report filed by Bogota Financial Corp. (BSBK) on January 29, 2025. The filing discloses a corporate governance event regarding the appointment of a new director to the Company's board.
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 changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Peter T. Donnelly to the Board of Directors. Key details include:
- Effective Date: March 26, 2025.
- Committee Assignments: Mr. Donnelly will serve on the Audit Committee and the IT Committee.
- Relationships: There are no arrangements or understandings between Mr. Donnelly and other persons regarding his appointment, and he is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is limited to the disclosure of the director appointment.
Key Facts for Investor Verification
- Verify the effective date of Peter T. Donnelly's board appointment (March 26, 2025).
- Confirm Mr. Donnelly's specific roles on the Audit and IT Committees.
- Note that this filing does not impact the Company's current financial statements or provide earnings guidance.