Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 27, 2022, MVB Financial Corp. (the "Company") issued a press release
announcing certain changes to the structure of the Company's executive
management team.
As part of these changes, on January 27, 2022, the Board of Directors of the
Company (the "Board") and the Company's wholly-owned subsidiary, MVB Bank, Inc.
(the "Bank") appointed Donald T. Robinson, 46, the current Executive Vice
President, Chief Financial Officer and Corporate Development Officer for the
Company and the Bank, to succeed Larry F. Mazza as President of the Company and
the Bank, effective January 27, 2022. Mr. Robinson will retain his role as Chief
Financial Officer of the Company, and Mr. Mazza will continue to serve as the
Chief Executive Officer to both the Company and the Bank.
Also on January 27, 2022, the Board appointed John C. Marion, 54, the Company's
current Executive Vice President and Chief Risk Officer, as Chief Operating
Officer of the Company, effective January 27, 2022. In connection with his
appointment, Mr. Marion will relinquish his role as Chief Risk Officer of the
Company. The Board of the Bank also appointed James Nalls, currently the
Regional President for commercial and retail ("CoRe") banking, as President of
CoRe banking. As a result of Mr. Nall's appointment as President of CoRe
banking, the Bank's current Chief Lending Officer, John T. Schirripa, will no
longer be deemed an "officer" or an "executive officer" of the Company as
defined in Rule 16a-1(f) and Rule 3b-7, respectively, under the Securities
Exchange Act of 1934, as amended (the "Exchange Act").
Biographical information for Messrs. Robinson and Marion, required by Item
5.02(c) of Form 8-K have been previously reported in the Company's 2021 Proxy
Statement pursuant to Section 14(a) of the Exchange Act as filed with the
Securities and Exchange Commission on April 5, 2021.
As of the filing of this Current Report on Form 8-K, the Board has not
established any additional terms related to the compensation for Messrs.
Robinson and Marion in their respective new roles.
A copy of the press release announcing these and other related executive changes
is attached as Exhibit 99.1 .
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of MVB Financial Corp. dated January 27, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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