Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2016
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MVB FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
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WV | 000-50567 | 20-0034461 |
(State or Other Jurisdiction | (Commission | (I.R.S. Employer |
of Incorporation) | File Number) | Identification No.) |
301 Virginia Avenue, Fairmont, WV 26554-2777
(Address of Principal Executive Offices) (Zip Code)
304-363-4800
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As of the close of business on September 16, 2016, Bret S. Price (“Mr. Price”) left his employment with MVB Financial Corp. (“MVB” or the “Company”) to join Urgent Care MSO, LLC dba MedExpress as a Senior Vice President of Finance. Mr. Price served as the Senior Vice President and Chief Financial Officer of the Company through December 31, 2015 and, subsequent to such time, served the Company in other senior financial roles. In connection with the departure and based upon his 2016 employment arrangements, Mr. Price and the Company executed a severance agreement, pursuant to which Mr. Price will receive severance benefits equal to the remainder of his 2016 annual base salary, which was $235,000 annually, totaling $67,788.45.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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| MVB Financial Corp |
| By | /s/ Larry F. Mazza |
| | Larry F. Mazza
President & CEO |
Date: September 19, 2016