8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  May 11, 2020

Peoples Bancorp of North Carolina, Inc.

(Exact Name of Registrant as Specified in Its Charter)

North Carolina

(State or Other Jurisdiction of Incorporation)

(828) 464-5620

(Registrant’s Telephone Number, Including Area Code)

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

2

Item 5.02. – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

On May 11, 2020, Peoples Bancorp of North Carolina, Inc. (the “Company”) announced the following changes in executive management.

Jeffrey N. Hooper (age 50 as of May 11, 2020) was appointed Executive Vice President, Chief Financial Officer (“CFO”), Corporate Treasurer and Assistant Corporate Secretary. Mr.Hooper served as Executive Vice President and Chief Financial Officer of a community bank in South Carolina from 2007 to 2019. He is a Certified Public Accountant and a graduate of University of Alaska with a B. S. in Accounting.  Mr. Hooper has a total of 15 years banking experience.

A. Joseph Lampron, Jr. was named Chief Administrative Officer, and will retire in June 2020.

3

4