RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)On July 26, 2017, Riverview Bancorp, Inc. (the "Company") and its wholly-owned subsidiary, Riverview Community Bank (the "Bank") announced that Ronald A. Wyaske will be retiring from both his position as President and Chief Operation Officer of both the Company and the Bank and from his position as a member of the Board of Directors of the Company effective July 26, 2017. Mr. Wysaske served as a member of the Risk Management Committee.The Company's Board of Directors has determined that it will reduce its size from nine to eight members at the time of Mr. Wyaske's retirement.

Ronald A. Wysaske joined the Bank in 1976 and has been with the Company for over 41 years. He became President and Chief Operating Officer of the Bank and Company in February 2004. He has been a member of the Board of Directors of the Bank since 1985, and Company since its inception in 1997. Prior to his appointment as President and Chief Operating Officer, he served as Executive Vice President, Treasurer and Chief Financial Officer of the Bank since 1981 and of the Company since its inception. There were no disagreements between Mr. Wyaske and the Company pertaining to the Company's operations, policies or practices.

Reference is made to the Company's press release regarding Mr. Wyaske's retirement, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

(c)On July 27, 2017, the Company announced that as part of its multi-step leadership succession planning process, that it had promoted a number of senior managers at both the corporate and bank levels. The following promotions and management changes are effective immediately: (i) Kevin J. Lycklama, has been promoted to Executive Vice President and Chief Operating Officer of the Bank and the Company and will be responsible for the daily operations and management of the Bank; (ii) Kim J. Capeloto has been promoted to Executive Vice President and Chief Banking Officer and will oversee the retail and commercial banking groups at the Bank, as well as lead the marketing and community outreach for the Company; (iii) David Lam, has been promoted to Senior Vice President and Chief Financial Officer and will be responsible for the accounting, Securities and Exchange Commission reporting and treasury functions for the Company; and (iv) Patrick Sheaffer will remain as Chairman and Chief Executive Officer and add the position of President.

For information concerning Messrs. Lycklama, Capeloto and Lam's background, please refer to the press release dated July 27, 2017, which is attached hereto as Exhibit 99.2 and incorporated herein by reference.

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

(a) On July 26, 2017, the Board of Directors amended Section 2 of Article III of the Company's Bylaws to reduce the size of the Board from nine to eight members. A copy of the Company's Bylaws as amended is attached as an exhibit to this report.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

The following exhibits are being furnished herewith and this list shall constitute the exhibit index:

Exhibit Number

Description

3.2

Amended and Restated Bylaws of Riverview Bancorp, Inc.

99.1

News Release of Riverview Bancorp, Inc. dated July 26, 2017.

99.2

News Release of Riverview Bancorp, Inc. dated July 27, 2017.


RIVERVIEW BANCORP INC Exhibit
EX-3.2 2 ex3272617.htm EXHIBIT 3.2 Exhibit 3.2 BYLAWS RIVERVIEW BANCORP,…
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About RIVERVIEW BANCORP, INC. (NASDAQ:RVSB)

Riverview Bancorp, Inc. (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp). The Company is engaged in the business of attracting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans. Additionally, RAMCorp offers trust and investment services. Riverview Mortgage, a mortgage broker division of the Bank, originates mortgage loans for various mortgage companies in the Vancouver/Portland metropolitan areas, as well as for the Bank. The Bank’s Business and Professional Banking Division offers commercial and business banking services. It operates from over 20 branch offices.

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