New Peoples Bankshares, Inc. (OTCMKTS:NWPP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
New Peoples Bankshares, Inc. (the “Company”) held its 2019 Annual Shareholders’ Meeting (the “Annual Meeting”) on May 21, 2019. A total of 23,922,086 shares of the Company’s Common Stock were entitled to vote as of March 27, 2019, the record date for the Annual Meeting. There were 16,321,730 shares present at the Annual Meeting in person or by proxy, and the shareholders voted on four proposals.
Proposal 1: Election of Directors
The shareholders elected four directors to serve three-year terms expiring in 2022. The four directors elected to serve the three-year terms were Tim W. Ball, Michael G. McGlothlin, B. Scott White and C. Todd Asbury. The results of the vote were as follows:
On May 21, 2019, members of management of the Company made a presentation at the Annual Meeting. A copy of the presentation is attached to this report as Exhibit 99.1 and is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for any purpose.
| 99.1 | Annual Meeting Presentation |
NEW PEOPLES BANKSHARES INC Exhibit
EX-99.1 2 f2snwpp8k052219ex99_1.htm 2019 Annual Shareholders’ Meeting INTRODUCTION OF DIRECTORS • Harold Lynn Keene,…
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About New Peoples Bankshares, Inc. (OTCMKTS:NWPP)
New Peoples Bankshares, Inc. is a Virginia bank holding company. The Company’s business is conducted primarily through New Peoples Bank, Inc. (the Bank), a Virginia banking corporation. The Bank has a division doing business as New Peoples Financial Services, which offers investment services through its broker dealer relationship with LPL Financial Services, Inc. NPB Insurance Services, Inc. is a subsidiary of the Bank and offers insurance services only. The Bank offers a range of short-to-medium term commercial, one- to four-family residential mortgages and personal loans. Its investment services include fixed income products, variable annuities, mutual funds, indexed certificates of deposit, individual retirement accounts, employee group benefit plans, college savings plans, financial planning, managed money accounts and estate planning. Its deposit products include demand deposit, interest-bearing demand deposit, savings deposit, and money market deposit accounts.