Oak Valley Bancorp 8-K, filed Jun 18, 2025
Oak Valley Bancorp (OVLY)
About this 8-K
Oak Valley Bancorp filed this 8-K on June 18, 2025, reporting on events of June 17, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 5.07: Shareholder vote results
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934. |
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Date of Report:
(Date of earliest event reported) |
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(Exact name of registrant as specified in its charter) |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
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(Address of principal executive offices) |
(Zip Code) |
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(
(Registrant's telephone number, including area code) |
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Not Applicable
(Former Name or Former Address, if changed since last report) |
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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The
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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.
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1.
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To re-elect five (5) members of the Board of Directors of the Company to serve until the expiration of their three (3) year term* or until their successors are duly elected and qualified. |
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Number of Votes
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For
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Withheld
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Non-Votes
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James L. Gibert
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4,511,364
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263,728
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1,484,392
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Erich A. Haidlen*
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4,563,884
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211,188
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1,484,392
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H. Randolph Holder
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4,532,788
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242,304
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1,484,392
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Janet S. Pelton
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4,528,628
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246,464
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1,484,392
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Gary J. Strong
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4,534,877
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240,195
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1,484,392
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2.
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To ratify the appointment of RSM US LLP as the Company’s registered independent public accounting firm for the fiscal year ending December 31, 2025. |
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For
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Against
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Abstain
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Non-Votes
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6,058,636
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191,394
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9,454
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0
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3.
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To approve a non-binding advisory resolution to approve the compensation of the Company’s named executive officers. |
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For
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Against
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Abstain
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Non-Votes
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4,262,545
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156,555
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355,992
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1,484,392
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4.
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To approve a non-binding advisory resolution on the frequency of the advisory vote on compensation of the Company’s named executive officers.
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3 Years
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2 Years
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1 Year
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Abstain
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Non-Votes
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2,380,088
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230,920
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1,947,977
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216,107
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1,484,392
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(d) Exhibits
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99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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Dated: June 18, 2025
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OAK VALLEY BANCORP
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By:
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/s/ Jeffrey A. Gall
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Jeffrey A. Gall
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Executive Vice President, Chief Financial Officer
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and Corporate Secretary
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(Principal Financial Officer and duly authorized signatory)
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Exhibit 99.1
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PRESS RELEASE |
For Immediate Release
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Date: |
June 18, 2025 |
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Contact: |
Chris Courtney/Rick McCarty |
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Phone: |
(209) 848-BANK (2265) |
Toll Free (866) 844-7500
www.ovcb.com
OAK VALLEY BANCORP AND OAK VALLEY COMMUNITY BANK ANNOUNCE DIRECTOR RETIREMENTS AND NEW DIRECTOR APPOINTMENT
OAKDALE, CA – Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank (the “Bank”) announced the retirement of Thomas A. Haidlen and Danny L. Titus from the Bank and Company’s Boards of Directors, effective June 17, 2025. Concurrently, Erich A. Haidlen accepted his appointment to the Board of Directors of the Company and the Bank.
T. Haidlen and Titus joined the board of Oak Valley Community Bank in 1991 and 1992 respectively. T. Haidlen was one of the original board members and Titus joined the original group shortly after the formation of the Bank; both were appointed directors of the holding company at the formation of Oak Valley Bancorp in 2008.
"Tom and Danny played crucial roles in the establishment of the bank and in cultivating investor interest, particularly during its early years. For nearly 35 years, Tom and Danny contributed significant business acumen, local knowledge, and steadfast guidance, for which we are profoundly grateful," stated CEO, Chris Courtney.
E. Haidlen has been employed with Haidlen Ford Inc. in Oakdale, California since 1998. He is currently the General Manager and President. Prior to joining Haidlen Ford, he worked as a Financial Analyst at FMV Opinions, Inc., where he performed valuations of majority and minority interests in operating companies, partnerships, and intangible assets. He holds a Bachelor of Arts in Economics from the University of California, Irvine, and is a 2002 graduate of the National Automobile Dealers Association. (NADA) Dealer Candidate Academy.
E. Haidlen is a past President of the Oakdale Chamber of Commerce (2006–2007) and a former member of the Oakdale Economic Development Committee. He brings valuable business and financial expertise to the board, and as a fifth-generation resident of Stanislaus County, he offers extensive knowledge about the local community. E. Haidlen lives in Oakdale with his wife and their three children.
"Erich is a welcome addition to the Board of Directors of Oak Valley Bancorp and Oak Valley Community Bank. He brings extensive business and financial expertise, demonstrated through his leadership as General Manager and President of Haidlen Ford. His background in financial analysis and deep connections in our region position him well to contribute meaningfully to our Board," stated President and Chief Operating Officer, Rick McCarty.
Oak Valley Bancorp operates Oak Valley Community Bank and its Eastern Sierra Community Bank Division, offering a full range of loan and deposit services to individuals and small businesses. The bank currently serves customers through 18 conveniently located branches in Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two locations in Sonora, three in Modesto, and three in the Eastern Sierra communities of Bridgeport, Mammoth Lakes, and Bishop. A 19th branch location is scheduled to open in Lodi later this year.
For more information, call 1-866-844-7500 or visit www.ovcb.com.